On February 20, 2026, the White House issued a proclamation imposing a temporary 10 percent import surcharge on articles imported into the United States. The surcharge will be in effect for 150 days beginning February 24, 2026. The administration has indicated that the import surcharge could increase to 15 percent, but this has not been made official.
Exclusions for specific products are outlined in Annex I and II of the Proclamation and include certain critical minerals; natural resources not available in the United States; select agricultural products; medical and pharmaceutical goods; certain electronics; specific vehicles, transportation equipment and related parts; aerospace products; informational materials; and personal goods.
Additionally, products subject to Section 232; USMCA compliant goods; items entered under Chapter 98 and 99; and textile or apparel articles that enter duty-free as originating goods of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, or Nicaragua under the Dominican Republic – Central America Free Trade Agreement (CAFTA-DR) are exempt from the import surcharge under Section 122.
The proclamation establishing the Section 122 import surcharge includes an in-transit exclusion provision for ocean cargo. Cargo arriving into the U.S. via other modes like air or truck, do not qualify for the in-transit exemption. To qualify, goods must meet both of the following conditions:
CBP’s CSMS message containing additional import instructions is forthcoming.
Separately, on February 22, 2026, U.S. Customs and Border Protection (CBP) issued CSMS #67834313 announcing the end of tariff collections under the International Emergency Economic Powers Act (IEEPA). This includes the termination of fentanyl-related tariffs on Canada, Mexico, and China, tariffs on Russian oil and Brazil; as well as reciprocal tariffs previously imposed on multiple countries.
Effective February 24, 2026, on or after 12:00 a.m. Eastern Time, IEEPA duties will no longer be applied. CBP also noted that it is updating the Automated Commercial Environment (ACE) programming and all related Harmonized Tariff Schedule (HTSUS) numbers to reflect this change.
This update applies only to IEEPA duties. All other tariff obligations - including Section 232, Section 301, and others – remain in effect and must continue to be paid.
Please review the resources below for further details.