US imposes 10% global import surcharge, but carve-outs soften the blow
2026-02-23 15:15

US imposes 10% global import surcharge, but carve-outs soften the blow

by Hristijan Ivanov
US imposes 10% global import surcharge, but carve-outs soften the blow

"The US has imposed a 10% temporary import surcharge under Section 122 of the Trade Act – not 15% – despite President Trump’s public statements that he intended to hit the legal maximum.

Friday’s proclamation sets the surcharge at 10% ad valorem, effective 12:01 am EST on tomorrow and, crucially, limited it to 150 days, expiring on 24 July, unless Congress votes to extend it." Read the original story at: The Loadstar.

Source: The Loadstar