The US President, Donald Trump, has increased temporary customs tariffs from 10 to 15% for all countries, including the Republic of Moldova. The new American measures, approved on Friday and modified on Saturday, come into effect from Tuesday, February 24th. Canada and Mexico are exempt from taxes, under the North American trade pact, reports IPN.
In a post on social networks, the White House leader explained on Saturday that the decision to increase taxes comes after the US Supreme Court declared a large part of the customs tariffs announced in April 2025 illegal.
The application of taxes is applied under Section 122 of the US Trade Act. The provision allows for the imposition of a temporary surcharge to correct major imbalances in the balance of payments or other fundamental problems of international payments. The maximum level allowed is 15%, and the duration cannot exceed 150 days.
The White House specified that Mexico and Canada will be exempted. Also, critical minerals, pharmaceutical products, certain electronic equipment, and several food products, including tomatoes, oranges, and beef, will be exempt from taxes.