Trade
Modifying The Scope Of Reciprocal Tariffs And Establishing Procedures For Implementing Trade And Security Agreements
Trump revises tariff exemptions and creates a process for reducing tariffs under trade and security agreements.
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The order changes which imports face reciprocal tariffs and allows negotiated tariff relief, including possible zero rates, when trading partners make economic and national security commitments.
What the order does
- Updates the list of goods excluded from reciprocal tariffs, effective three days after the order’s date.
- Modifies the Harmonized Tariff Schedule under the timelines specified in the attached annexes.
- Authorizes the Commerce Secretary and U.S. Trade Representative to implement tariff changes required by qualifying framework and final agreements.
- Identifies products potentially eligible for zero reciprocal tariffs, including goods unavailable in sufficient U.S. quantities, certain agricultural goods, aircraft and parts, and non-patented pharmaceutical-use articles.
- Directs officials to monitor trade deficits, tariff and non-tariff barriers, domestic manufacturing, and the defense industrial base.
- Requires U.S. Customs and Border Protection to issue lawful duty refunds when implementing an agreement requires them.
Who it affects
- U.S. importers and businesses buying goods covered by the revised tariff schedules.
- Foreign trading partners negotiating reciprocal trade and security agreements with the United States.
- Domestic manufacturers, farmers, aircraft businesses, pharmaceutical suppliers, and other producers competing with or relying on affected imports.
- Federal trade, customs, economic, and national security officials responsible for administering tariff changes.