Effective 12:01 a.m. ET, February 24, 2026, all goods (other than those noted as being exempted below) imported into the U.S. will be subject to a new tariff of 10% in accordance with a recent presidential proclamation. The tariff rate may increase to 15% imminently but official guidance on the rate increase has not yet been provided by U.S. Customs and Border Protection (CBP).
Goods already in transit directly to a U.S. point of entry before 12:01 a.m. on Feb. 24 ET and cleared for entry into the U.S. before 12:01 ET on February 28, 2026 will not be subject to the tariff. Please note that 12:01 a.m. ET, February 24, 2026 is also when goods imported into the U.S. will no longer be subject to tariffs under the International Emergency Economic Powers Act (IEEPA).
The new tariff will remain in place for a period of no more than 150 days (i.e., not past July 24, 2026) as it is issued under Section 122 of the Trade Act of 1974, which authorizes the president to impose a temporary tariff in response to a large and serious balance-of-payments deficit. Extension of the tariff beyond the 150-day period will require Congressional approval.
Stacking
The new 10% tariff will be applied in addition to (not in place of) other tariffs already implemented, including goods subject to tariffs under Section 301 of the Trade Act of 1974 and Most Favored Nation tariffs.
In accordance with the previously issued executive order to remove the tariff exemption on de minimis or low-value goods, parcels that fall within the $800 de minimis threshold will also be subject to the new 10% tariff.
Exemptions
Tariffs applied under Section 232 of the Trade Expansion Act of 1962, which include specific goods, such as steel, aluminum, copper, wood, and other products are exempt from the new 10% tariff.
Goods originating in Canada or Mexico that are compliant with the United States-Mexico-Canada Agreement (USMCA) will not be subject to the new 10% tariff.
Specific products will also be exempt from the tariffs. These include:
- 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 or grown, mined, or otherwise produced in sufficient quantities to meet domestic demand
- Certain agricultural products, including beef, tomatoes, and oranges
- Pharmaceuticals and pharmaceutical ingredients
- Certain electronics
- Passenger vehicles, certain light trucks, certain medium and heavy-duty vehicles, buses, and certain parts of passenger vehicles, light trucks, heavy-duty vehicles, and buses
- Certain aerospace products
- Informational materials (e.g., books), donations, and accompanied baggage
- Textiles and apparel articles that enter duty-free as a good of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, or Nicaragua under the Dominican Republic-Central America Free Trade Agreement.
Impact on Customs bonds
The implementation of any new tariff has the potential to push importers’ duty outlay beyond the value of their current customs surety bond. It is important to understand the impact of these tariffs to your customs surety and be proactive in addressing any surety shortfall. For more information, please click here.