Extending the Modification of the Reciprocal Tariff Rates
1. Purpose
Executive Order 14316 extends the suspension of additional tariff duties amid U.S. goods trade deficits considered harmful to national security and economic stability. The order further modifies the Harmonized Tariff Schedule to implement these changes.
2. Key Actions And Directives
- Extend Duty Suspension: Suspend additional duties until August 1, 2025.
- Direct Agency Implementation: Secretaries of Commerce and Homeland Security, and U.S. Trade Representative to take necessary actions for implementation.
- Modify Tariff Schedule: Adjust Harmonized Tariff Schedule for certain headings and subdivisions effective July 9, 2025.
3. Important Points
- Trade Deficit National Emergency: Executive Order 14257 previously declared a national emergency due to significant U.S. goods trade deficits.
- Legal Authority Cited: The President cites the Constitution and acts such as the International Emergency Economic Powers Act as legal basis.
- Additional Duties Purpose: Previous executive orders aimed to counter detrimental trade practices causing U.S. trade deficits.
- No Legal Rights Created: Executive Order 14316 does not establish enforceable rights against the U.S. government.
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