Trump Signs Proclamation 11012 Imposing a 10 Percent Temporary Import Surcharge for 150 Days
On February 20, 2026, President Donald Trump signed Proclamation 11012 imposing, under Section 122 of the Trade Act of 1974, a temporary import surcharge of 10 percent ad valorem on articles imported into the United States, effective February 24, 2026, for a period of 150 days. The proclamation was signed within hours of the Supreme Court's ruling the same day that the International Emergency Economic Powers Act does not authorize the president to impose tariffs; the White House said the measure addresses fundamental international payments problems facing the United States. The White House also signed an executive order the same day ending the tariff actions taken under IEEPA.
The proclamation cites, among its grounds, a United States goods trade deficit that grew by over 40 percent in five years to $1.2 trillion in 2024 and remained at approximately $1.2 trillion in 2025; a balance on primary income that turned negative in 2024 for the first time since at least 1960; a current account deficit of 4.0 percent of gross domestic product in 2024, the largest since 2008; and a net international investment position of negative 90 percent of GDP at the end of 2024, a sharp deterioration from an average of negative 41 percent in the decade between 2010 and 2020. Section 122 authorizes the president to impose a temporary import surcharge of up to 15 percent ad valorem for a period not exceeding 150 days, unless extended by an Act of Congress.
The surcharge carries a list of exceptions, including certain critical minerals; metals used in currency and bullion; energy and energy products; natural resources and fertilizers that cannot be grown, mined, or otherwise produced in the United States in sufficient quantities; certain agricultural products, including beef, tomatoes, and oranges; pharmaceuticals and pharmaceutical ingredients; certain electronics; passenger vehicles, certain trucks and buses and their parts; certain aerospace products; articles already subject to additional import restrictions under Section 232; and articles entered free of duty as goods of Canada or Mexico under the USMCA. Goods loaded onto a vessel and in transit before 12:01 a.m. eastern standard time on February 24, 2026, and entered for consumption before 12:01 a.m. on February 28, 2026, are also excepted.
The proclamation states that the surcharge applies in addition to any other duties, taxes, and fees, but does not apply in addition to Section 232 tariffs on the portion of an import to which those tariffs apply, and that the surcharge is treated as a regular customs duty.
Related: Supreme Court Rules 6-3 That IEEPA Does Not Authorize the President to Impose Tariffs
Source: The White House
Published by GSM · USA (original Chinese edition)
Photo: 图：位于美国华盛顿的白宫北立面（资料照片）。Aaron Zhu 摄，CC BY-SA 3.0，经 Wikimedia Commons；联邦固定图库标准图。 / Photo: The north facade of the White House in Washington, D.C. (file photo). Photo by Aaron Zhu, CC BY-SA 3.0, via Wikimedia Commons; federal fixed-library image.
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- 2026-02-20Trump Signs Proclamation 11012 Imposing a 10 Percent Temporary Import Surcharge for 150 DaysThis story
