International TradeNews
America's Global Import Surcharge Just Expired — By Law, Not By Choice
- ▸The 10% global import surcharge that the White House imposed under Section 122 of the Trade Act of 1974 (Proclamation 11012) expired automatically at 12:01 a.m. EDT on July 24, 2026 — exactly 150 days after it took effect, the maximum duration the law allows without an Act of Congress.
- ▸No Congressional extension was passed, so the surcharge lapsed by operation of law rather than by any new decision from the administration.
- ▸The gap is expected to be partly filled by Section 301 tariffs — including the forced-labor tariffs on 60 economies EconoLens covered this morning — but Section 301 has no 150-day cap and no built-in expiration, unlike Section 122.
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
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Primary Sources
Federal Register / Executive Office of the PresidentProclamation 11012 of February 20, 2026 — Imposing a Temporary Import Surcharge To Address Fundamental International Payments Problems2026-02-25
Cite This Article
EconoLens Editorial Team. (2026, July 24). America's Global Import Surcharge Just Expired — By Law, Not By Choice. EconoLens. https://econolens.co.in/news/section-122-global-import-surcharge-expires-july-24-2026
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
The EconoLens editorial team covers global macroeconomics, monetary policy, fiscal policy, and international trade. All content is AI-assisted and fact-checked.
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