President Trump signs proclamation imposing temporary 10% import duty
Separate executive order continues the suspension of duty-free de minimis treatment for low-value shipments
The White House today announced that President Trump signed a proclamation imposing a temporary import duty under section 122 of the Trade Act of 1974 to address “fundamental international payment problems.” The proclamation imposes a 10% ad valorem import duty on articles imported into the United States for 150 days, effective February 24 at 12:01 AM EST.
According to the White House release, certain goods are exempt, including critical minerals, pharmaceuticals, certain electronics, and USMCA-compliant goods from Canada and Mexico.
Continued suspension of duty-free de minimis treatment for all countries
In a separate executive order, President Trump also reaffirmed and continued the suspension of duty-free de minimis treatment for low-value shipments, including goods shipped through the international postal system, which will also be subject to the temporary import duty imposed under section 122.