Extending The Modification Of The Reciprocal Tariff Rates

Authority and Purpose: The President, utilizing powers under various U.S. laws, addresses the national emergency related to large U.S. goods trade deficits which threaten national security and the economy.

Initial Findings: Executive Order 14257 declared persistent trade deficits as a significant threat, resulting in the imposition of additional duties on imports to rectify trade practices.

Reciprocal Tariff Modifications:

• Executive Order 14266 temporarily suspends additional duties on products from certain trading partners for 90 days, imposing a 10% additional duty instead, except for the People's Republic of China (PRC).
• This suspension is due to the willingness of trading partners to address U.S. economic and security concerns.

Extension of Suspension:

• The 90-day suspension from Executive Order 14266 is extended until August 1, 2025.
• The separate tariff suspension for the PRC remains unchanged.

Modification of Harmonized Tariff Schedule:

• Changes to the Harmonized Tariff Schedule of the United States (HTSUS) will take effect for goods entering or withdrawn for consumption starting July 9, 2025, with specific headings and subdivisions suspended until August 1, 2025.

Implementation Authority:

• Various U.S. officials, including the Secretary of Commerce and the U.S. Trade Representative, are authorized to implement this order, including the ability to amend regulations.

Limitations of the Order:

• The order does not affect existing authorities of executive departments or agencies.
• It does not create enforceable rights or benefits for any parties against the United States.

Publication Costs: Costs related to publishing the order to be covered by the Office of the United States Trade Representative.