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Presidential Proclamation on Section 122 & CBP Ends IEEPA Duty Collections

Monday, February 23, 2026 from A Customs Brokerage

Below we have two advisories which will affect tariffs starting tomorrow. Please review them so you can plan accordingly.

Presidential Proclamation Includes Section 122 Tariff Annexes

President Trump issued a proclamation on the evening of Feb 20th, which imposes for a period of 150 days a 10% ad valorem import duty under Section 122 of the 1974 Trade Act on articles imported into the U.S.

The temporary import duty will take effect on Feb. 24 at 12:01 a.m. ET.

Importer clients should refer to the proclamation’s Annex 1 and Annex 2 for tariff details, including exemptions.

CBP Ends IEEPA Duty Collections at 12:00 a.m. ET on Feb. 24 

Duties imposed pursuant to IEEPA under the following presidential actions, including all modifications and amendments, will no longer be in effect and will no longer be collected for goods entered for consumption or withdrawn from warehouse for consumption, on or after 12:00 a.m. ET on Feb. 24, 2026:

  • Executive Order 14193, Imposing Duties To Address the Flow of Illicit Drugs Across Our Northern Border, 90 Fed. Reg. 9113 (Feb. 1, 2025), as amended; (Fentanyl from Canada)
  • Executive Order 14194, Imposing Duties To Address the Situation at Our Southern Border, 90 Fed. Reg. 9117 (Feb. 1, 2025), as amended; (Fentanyl from Mexico
  • Executive Order 14195, Imposing Duties To Address the Synthetic Opioid Supply Chain in the People’s Republic of China, 90 Fed. Reg. 9121 (Feb. 1, 2025), as amended; (Fentanyl from China)
  • Executive Order 14245, Imposing Tariffs on Countries Importing Venezuelan Oil; 90 Fed. Reg. 13829 (Mar. 24, 2025);
  • Executive Order 14257, Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits, 90 Fed. Reg. 15041 (Apr. 2, 2025), as amended;
  • Executive Order 14323, Addressing Threats to the United States by the Government of Brazil, 90 Fed. Reg. 37739 (July 30, 2025); and
  • Executive Order 14329, Addressing Threats to the United States by the Government of the Russian Federation, 90 Fed. Reg. 38701 (Aug. 6, 2025), as amended.

CBP said it will update ACE programming, and all HTSUS numbers applicable to the IEEPA tariffs will be inactive in ACE as of Feb. 24, 2026.

“This EO affects IEEPA duties only and does not affect any other duties, including duties imposed under section 232 of the Trade Expansion Act of 1962, as amended, and section 301 of the Trade Act of 1974, as amended,” the agency said.

We are monitoring developments closely and will advise clients when any changes occur. Reach out to us at [email protected] for further assistance.