10% Section 122 import surcharge starts for 150 days
A temporary 10% surcharge under Section 122 of the Trade Act of 1974 applies to imports from every country entered from Feb 24, 2026, with many exemptions, including goods under Section 232 tariffs and USMCA goods of Canada and Mexico entered free.
From Feb 24, 2026, CBP collects a 10% surcharge on imports from every country, on top of the regular duty (heading 9903.03.01). Proclamation 11012, signed Feb 20, 2026, imposed it under Section 122 of the Trade Act of 1974 to deal with the U.S. balance-of-payments deficit, for 150 days: through 12:01 a.m. eastern daylight time on Jul 24, 2026, unless ended earlier or extended by Congress. It started the same day CBP stopped collecting the IEEPA tariffs.
The proclamation excepts 13 groups of goods (paragraph 14), including "certain critical minerals", "energy and energy products", "certain agricultural products, including beef, tomatoes, and oranges", "pharmaceuticals and pharmaceutical ingredients", "certain electronics", "certain aerospace products" and articles subject to Section 232 tariffs. Where a Section 232 tariff covers only part of an import, the surcharge applies "to the part of the import to which section 232 tariffs do not apply" (clause 4).
Goods of Canada and Mexico entered free under USMCA, CAFTA-DR textiles and apparel entered free, donations and informational materials were also exempt, as were goods loaded before Feb 24, 2026 and entered before Feb 28, 2026. The full exemption list is in U.S. note 2(aa) and on the program page.