Washington's 10% Import Surcharge Expires Friday As New Tariffs Loom
Proclamation 11012, published February 25, cited 'fundamental international payments problems' as the legal basis for the duty.
- That Section 122 surcharge, a 10% duty, expires this Friday, July 24, 2026.
- USTR's June 2 notice proposes separate tariffs of 10 to 12.5% over forced-labor practices.
- The proposed duties would hit 60 economies under Section 301 authority.
Why it matters: Payments problems or forced labor, the stated cause changes; the power to tax imports at will does not.
Federal Register, Proclamation 11012 (Section 122 surcharge) + USTR press release on Section 301 forced-labor tariffs ↗ · Jul 21, 20267/21/26