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The United States will stop collecting a major tranche of import tariffs imposed by President Donald Trump after the US Supreme Court ruled that the duties were unlawful, triggering a rollback of a trade tool that had reshaped global supply chains and strained ties with key partners. In a statement issued late Monday, US Customs and Border Protection said tariff collections imposed under the International Emergency Economic Powers Act will cease at 12.01 am US local time on Tuesday, which corresponds to 10.30 am IST. The agency said all related tariff codes would be deactivated in its cargo processing systems….
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