On February 20, 2026, President Trump issued an executive order “Ending Certain Tariff Actions.”  This executive order terminates specific additional ad valorem duties that had previously been implemented under earlier executive orders using authority from the International Emergency Economic Powers Act (IEEPA).  The order focuses only on ending these supplemental duties.  It does not terminate the underlying national emergencies or other trade actions.  Section 232 (National Security) and Section 301 (Retaliation for unfair trade practices, China IP) tariffs remain in effect.

All additional ad valorem duties (extra percentage-based tariffs) imposed on the following executive orders “shall no longer be in effect and, as soon as practicable, shall no longer be collected.”  The order does not provide a clearer timeline for implementation:

• Executive Order 14193 of February 1, 2025 Imposing Duties To Address the Flow of Illicit Drugs Across Our Northern Border. 
• Executive Order 14194 of February 1, 2025 Imposing Duties To Address the Situation at Our Southern Border.
• Executive Order 14195 of February 1, 2025 Imposing Duties To Address the Synthetic Opioid Supply Chain in the People’s Republic of China.
• Executive Order 14245 of March 24, 2025 Imposing Tariffs on Countries Importing Venezuelan Oil.
• Executive Order 14257 of April 2, 2025 Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits.  (Liberation Day Tariffs).
• Executive Order 14323 of July 30, 2025 Addressing Threats to the United States by the Government of Brazil.
• Executive Order 14329 of August 6, 2025 Addressing Threats to the United States by the Government of the Russian Federation.  (Russian Oil).
• Executive Order 14380 of January 29, 2026 Addressing Threats to the United States by the Government of Cuba.
• Executive Order 14382 of February 6, 2026 Addressing Threats to the United States by the Government of Iran.

This comes following of the Supreme Court's Friday morning ruling on tariffs, in which they determined the tariffs were imposed without clear congressional authorization. Following this ruling, President Trump implemented first a 10%, and then, on Saturday, a 15% sweeping global tariff under Section 122 of the Trade Act of 1974.

What are Ad Valorem Duties?

Ad Valorem Duties are taxes levied on imported goods calculated based on a fixed percentage of their total value, rather than using other factors like quantity or weight to determine the tax.

SGL will continue to update as information becomes available.