Key Tronic Corporation said a February 20, 2026 executive order will end collection of additional ad valorem tariffs imposed under the International Emergency Economic Powers Act for goods entered for U.S. consumption on or after February 24, 2026, though the company may still pass through IEEPA duties tied to supplier inventory cleared before that date. The company also noted a February 20, 2026 presidential proclamation imposing a temporary 10% Section 122 import surcharge on most goods from all countries starting February 24, 2026, in addition to other duties, with specified exemptions such as certain in-transit shipments, USMCA-qualified articles, civil aircraft items, and some products already covered by other trade actions. Key Tronic said there is no clear guidance yet on potential rebates for previously paid IEEPA tariffs.

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