Please note that this is an evolving situation and the information below may be subject to change or clarification at any time.
On February 20, 2026, President Trump imposed a 10% tariff on all imported articles in response to the Supreme Court terminating IEEPA tariffs. There have been social media posts stating the tariff will increase to 15% but there is currently no formal Proclamation to implement that increase.
General information on this action is below, but for questions about your specific situation, please contact us at tariffs@strtrade.com.
Effective Dates
The tariff is effective at 12:01 am EST on February 24, 2026. This tariff will remain in place for 150 days, through 12:01 am EDT on July 24, 2026, unless the President suspends, modifies, or terminates it earlier, or Congress agrees to extend it.
The additional duty will not apply to goods that: (i) were loaded onto a vessel at the port of loading and in transit on the final mode of transit prior to entry into the United States, before 12:01 a.m. EST on February 24, 2026; and (ii) are entered for consumption, or withdrawn from warehouse for consumption, before 12:01 a.m. EST, February 28, 2026.
Exceptions
The tariff will be levied on all products except for those:
- listed in Annex I and Annex II
- subject to Section 232 duties,including products that become subject to Section 232 duties after the effective date of this tariff.
- Please note the caveat that, to the extent a tariff imposed under Section 232 applies to part of an import, the new Section 122 tariff will apply to the part of the import to which Section 232 tariffs do not apply but will not apply to the part of the import to which Section 232 tariffs do apply.
- USMCA-compliant goods
- textile and apparel articles that enter duty-free as goods of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, or Nicaragua under the DR-CAFTA
- donations and informational materials
Lawsuits Challenging These Tariffs
At least two separate cases have now been filed at the Court of International Trade seeking to stop the Trump administration from utilizing Section 122. Both suits are asking the CIT to declare the Section 122 tariffs unlawful, to stop the federal government from enforcing them, and to order refunds of such tariffs already paid.
It is unclear when the CIT may issue a decision or if the plaintiffs will ask the court for an injunction to halt the tariffs in the meantime. Read more in this Trade Report article.
Official Documents