WTO members review temporary US import surcharges

The Committee on Balance of Payments Restrictions held consultations on June 22 regarding a temporary 10% U.S. import surcharge implemented to address balance-of-payments deficits. The measure, effective since February 24, 2026, is set to expire July 24, 2026. Members raised concerns about the surcharge’s necessity, methodology, and impact on global trade, while the U.S. provided detailed information about the temporary action.