Trump Tariffs Update: Temporary 10% Import Surcharge Declared Unlawful
On February 20, 2026, President Donald J. Trump issued Proclamation No. 11012, titled Imposing a Temporary Import Surcharge to Address Fundamental International Payments Problems. The proclamation imposed a temporary 10% ad valorem import surcharge on most goods entering the United States pursuant to Section 122 of the Trade Act of 1974, which authorizes temporary import restrictions to address “fundamental international payments problems,” […]