US President Trump Signs Proclamation to Impose Import Tariffs
On February 20, U.S. President Trump signed a proclamation imposing a temporary 10% ad valorem import tax on goods for 150 days, effective February 24. The move is based on the Trade Act of 1974 to address international payment issues. However, the proclamation includes extensive exemptions for a wide range of products, including passenger vehicles and parts, pharmaceuticals, certain electronics, energy products, and specific agricultural goods. Goods from Canada and Mexico under the USMCA are also exempt. The measure also suspends the de minimis tax exemption for low-value shipments.
21/02/2026 08:10