Accurate classifications today. Fewer surprises tomorrow. Classification errors can result in unexpected duty costs, compliance risks, and increased scrutiny. Join Michael D. Easton of Star USA, to learn when product classifications should be reviewed, how to identify common risk areas,…
USTR: Administration Announces Import Surcharge to Address Balance of Payments Deficit
USTR: Administration Announces Import Surcharge to Address Balance of Payments Deficit
February 27, 2026/
Federal law, including section 122 of the Trade Act of 1974, authorizes the President to impose temporary import surcharges and other restrictions when the nation faces serious international payments challenges. Acting under this authority, the Administration has determined that an ad valorem import surcharge is necessary to respond to substantial balance of payments deficits.
Officials explain that the United States is currently experiencing a persistent trade deficit, is not earning sufficient net returns on capital and labor invested abroad, and is seeing more transfer payments flow out of the country than into it. The surcharge is intended to help stabilize external accounts, encourage more balanced trade flows, and support long term economic resilience.
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