in effect
Proclamation 11012, signed February 20, 2026, is a presidential action imposing a temporary 10 percent across-the-board surcharge (an additional fee on top of existing tariffs) on most goods imported into the United States. It is issued under Section 122 of the Trade Act of 1974, which gives the President authority to impose emergency import restrictions for up to 150 days when the U.S. faces serious balance-of-payments problems.
Starting February 24, 2026, importers must pay an additional 10 percent ad valorem duty on most foreign goods entering the United States, on top of whatever duties already applied. The surcharge is set to expire at 12:01 a.m. on July 24, 2026 (150 days), unless Congress extends it or the President modifies or ends it earlier. A broad list of product categories is exempted from the surcharge, including energy, pharmaceuticals, critical minerals, certain agricultural goods, passenger vehicles, aerospace products, electronics, and goods entering duty-free under the U.S.-Mexico-Canada Agreement (USMCA) or the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR). The surcharge does not stack on top of Section 232 national-security tariffs — if a Section 232 tariff already applies to a product, the new surcharge does not apply to that same portion. The U.S. Trade Representative is directed to monitor conditions and advise the President on whether the surcharge should be changed or ended early.
U.S. businesses and consumers who purchase imported goods not covered by an exemption will face higher costs, since importers typically pass the added duty through to buyers. Foreign exporters selling non-exempted goods into the U.S. market face a new 10 percent cost disadvantage, while exporters from Canada, Mexico, and CAFTA-DR countries shipping qualifying goods are largely shielded by their free-trade-agreement exemptions.