United States President Donald Trump has announced plans to impose a 15% global tariff via executive order following the U.S. Supreme Court’s ruling on Friday.
Immediately following the ruling that deemed IEEPA tariffs unconstitutional, the President held a press conference where he signed a proclamation imposing a temporary import duty to address fundamental international payments problems under Section 122 of the Trade Act of 197.
The next day, he announced on social media that the new global tariff will be 15%.
The temporary import duty took effect today at 12:01 a.m. EST.
“The statute gives the President the authority to impose these tariffs for 150 days, after which Congress must vote to extend them,” the RVIA said. “At this time, only goods in Annex I and Annex II of the proclamation are exempted.”
Lauan plywood is not on either of the annexes and will be subject to the 15% tariff.
“It is unclear at this time how the Administration plans to handle the agreements reducing or removing the IEEPA tariffs,” an RVIA spokesperson said, “but Indonesia has requested that the zero-percent tariffs they negotiated remain.”
On Feb. 19, President Trump and President Prabowo Subianto of Indonesia signed and announced an Agreement on Reciprocal Trade (ART).
“Most notable for the RV industry, under the terms of this deal, lauan plywood would receive zero reciprocal duty,” the RVIA said. “The subsequent announcement of 10% then 15% global tariffs supersede this short-lived victory.”
Customs and Border Protection has published initial guidance for importers, available online.
The RVIA said it will continue to provide information as it becomes available.
