News / US imposes 10% global import surcharge, but carve-outs soften the blow

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© Meiza Fitri
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The US has imposed a 10% temporary import surcharge under Section 122 of the Trade Act – not 15% – despite President Trump’s public statements that he intended to hit the legal maximum. 

Friday’s proclamation sets the surcharge at 10% ad valorem, effective 12:01 am EST ...

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