Modifying the Scope of the Reciprocal Tariffs With Respect to Certain Agricultural Products
1. Purpose
Executive Order 14360 seeks to modify the scope of reciprocal tariffs concerning specific agricultural products, aiming to address trade imbalances and enhance national economic security.
2. Key Actions And Directives
- Modify Tariffs on Agricultural Products: Implement reciprocal tariffs as specified, affecting products entered for consumption on or after November 13, 2025.
- Monitor Emergency Circumstances: The Secretary of Commerce and the United States Trade Representative are tasked with ongoing assessment of the emergency tied to trade deficits.
- Employ Executive Powers: Adopt necessary rules, regulations, and guidance to enact the stipulations of the order.
3. Important Points
- Trade Deficits as Threat: Executive Order 14360 links modifications in tariffs to concerns over large and persistent U.S. goods trade deficits, emphasizing national security implications.
- Presidential Authority: The order is issued under the authority granted by various U.S. laws, underscoring the President's power to take action in matters of international trade and national emergency.
- Implementation Timeline: The effective date for tariff modifications is set for November 13, 2025, indicating a swift timeline for enforcement.
- Responsibility for Compliance Costs: The United States Trade Representative is designated to bear all costs associated with the publication of the executive order.
- Legal Validity Clause: The order contains a provision ensuring that if any part of it is invalidated, the remaining sections will still stand, preserving the order's integrity.
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