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U.S. Customs and Border Protection (CBP) announced that it will cease imposing tariffs under the International Emergency Economic Powers Act (IEEPA) at 12:01 a.m. Eastern Time on Tuesday (1:01 p.m. Beijing Time). These tariffs had previously been ruled illegal by the U.S. Supreme Court. CBP notified shippers through its Cargo Systems Information Service (CMSMS) that it would discontinue all tariff codes related to President Trumps orders issued under IEEPA, effective Tuesday. Meanwhile, Trump imposed a new 15% tariff on global goods under another legal authorization to replace tariffs previously ruled illegal by the Supreme Court on Friday.The U.S. Geological Survey reports a 6.3-magnitude earthquake in the Nikolsky region of Alaska.The Bank of Korea (BOK) said that supported by a booming semiconductor industry and a stronger-than-expected global economic environment, South Koreas export-oriented economy is expected to achieve "significantly higher" growth this year compared to last year. The BOK told parliament that the semiconductor market is experiencing a cycle stronger than any previous rally and is likely to maintain its stronger momentum for at least the year. These remarks come as the BOK is set to release its latest economic growth and inflation forecasts on Thursday. Analysts expect the bank to raise its 2026 GDP growth forecast to around 2% from 1.8% in November. The market widely expects policymakers to keep the benchmark interest rate unchanged at 2.5%. Preliminary data from the BOK showed that the South Korean economy grew by 1% last year.On February 22, Gongbei Customs inspected and cleared 26,900 inbound and 18,700 outbound passenger vehicles via the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge, both record highs. In the first eight days of the holiday (February 15-22), customs inspected and cleared a total of 175,000 inbound and outbound passenger vehicles via the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge, an increase of 11.2% year-on-year. Among them, 135,000 were Hong Kong and Macau single-plate vehicles heading north, an increase of 16.3% year-on-year. On February 21, 15,400 Hong Kong vehicles heading north were inspected and cleared, setting a new single-day record.U.S. Customs and Border Protection announced that it will cease imposing tariffs under the International Emergency Economic Powers Act at 12:01 a.m. Eastern Time on Tuesday, February 24 (1:01 p.m. Beijing Time).