Event24 February 2026Action

IEEPA tariffs stop being collected and a temporary 10% global surcharge under Section 122 takes effect

Executive Order 14389, 'Ending Certain Tariff Actions', signed Feb 20, 2026 after the Supreme Court struck down the IEEPA tariffs, ended those duties; they were no longer collected on goods entered from 12:00 a.m. ET on Feb 24. The same day a temporary 10% import surcharge under Section 122 of the Trade Act of 1974 took effect for up to 150 days. Goods qualifying under CUSMA are exempt.

Date: 24 February 2026
Kind: Tariff action
Where: United States
Evidence: Action: Something was done: a law switched on, a tariff imposed, money committed. How evidence is weighed
Who: United States federal government (acted)

Articles that cite this record

Sources

GHY International, “U.S. 10% Section 122 Tariff In Effect Feb. 24; IEEPA Tariffs Cease; De Minimis Suspension Continues” (external site), 24 February 2026. source record
Federal Register, “Executive Order 14389 of February 20, 2026: Ending Certain Tariff Actions (91 FR 9437)” (external site), 25 February 2026. source record
Blakes (Blake, Cassels & Graydon), “U.S.–Canada Tariffs: Timeline of Key Dates and Documents” (external site), 4 September 2026. source record

Quotes

“Ending Certain Tariff Actions”

From Blakes (Blake, Cassels & Graydon): U.S.–Canada Tariffs: Timeline of Key Dates and Documents (quoted in coverage, not taken from the original)

Claims that rest on this event

SupportsOutcome
On the current course, intended or not, Canada's resource build-out pays for both countries; the trade war doesn't. The US gets more supply, and the new southbound capacity arrives first, from 2027: it gets more supply either way; counted as income, the build-out pays it a little, but the trade war costs it more, so it comes out ahead in 2034 only if nearly all of today's tariff damage is gone. Canada gets a bigger resource base and the capacity to sell elsewhere, which shifts bargaining power toward it. By 2034, Canada comes out ahead unless most of today's tariffs are still in place; but the decade as a whole leaves it behind, and the longer the tariffs last, the less of it comes back.
The IEEPA tariffs stopped being collected in February 2026: US tariffs do end, at least in part.
ContextOutcome
Counted as Americans' income, Canada's build-out adds about US$1.5 billion a year by 2034, mostly US owners' profits from Canadian oil, gas and LNG, but the trade war costs more. The US comes out ahead in 2034 only if about a tenth or less of today's tariff damage is still in place (Canada: unless about 57% is), which happens in about 14% of our runs if the tariffs fade the way past US tariffs did. Either way the amount is small for the US, about 0.006% of its economy in 2034. This counts income; the forecast that more Canadian supply reaches the US counts volume.
The IEEPA tariffs stopped being collected in February 2026: tariffs do end in part, which is why the share of damage still in place in 2034 decides the US result.

Tested hypotheses: a thought experiment

Suppose Washington foresaw and wanted this. Would this event look any different than under the rival readings? This is a deliberately contrarian test, explained here, not the author’s belief. Judgments, not measurements.

Non-discriminating: this event fits the plain self-interest reading and the foresight reading equally. It does not tell them apart. What this means

Reading	Fit	Why
I0a Accident Tested hypothesis (intent)	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
I0b Plain self-interest; Canada's response not considered Tested hypothesis (intent)	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
I1 Foreseen and welcomed, not the reason Tested hypothesis (intent)	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
I2 Foreseen and wanted (this level or higher) Tested hypothesis (intent)	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
I3 Worked-out plan with specific targets Tested hypothesis (intent)	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
R-annex Annexation Rival reading	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
R-frag Fragmentation Rival reading	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.
R-weaken Weaken-Canada rivals (annexation or fragmentation) Rival reading	Neutral weak	Tariffs ended by a Supreme Court ruling and replaced by a global surcharge reflect a court decision, not a choice about Canada; they fit all readings equally.