At a meeting of the Committee on Balance-of-Payments Restrictions held on 5 May, WTO members discussed the United States’ new notification regarding the imposition of import surcharges to address the country’s serious balance-of-payments deficits. The United States said the surcharges took effect on 24 February 2026 and will expire on 24 July 2026, unless extended by an act of Congress. Members welcomed the transparency of the United States and its readiness to engage in consultations in line with WTO rules.World Trade Organization — Latest news