Modifying Reciprocal Tariff Rates To Reflect Discussions With the People's Republic of China
1. Purpose
Executive Order 14298 modifies reciprocal tariff rates in response to trade practices with China that contribute to U.S. goods trade deficits, establishing an additional duty rate on imports from the PRC.
2. Key Actions And Directives
- Establish a new ad valorem duty: Impose a 10% additional duty on PRC imports effective May 14, 2025.
- Direct U.S. officials: Instructs U.S. officials to implement and effectuate the order, including suspending or amending regulations.
- Manage suspension of duties: Suspension of additional duties is set for 90 days as part of the order's provisions.
3. Important Points
- Cited Authority: The President invokes the Constitution, International Emergency Economic Powers Act, and Trade Act of 1974 as authority for the order.
- Previous Orders Referenced: References previous Executive Orders 14257, 14259, and 14266, building on established trade actions.
- National Emergency Link: The order relates to a national emergency declared in Executive Order 14257, addressing threats from trade deficits.
- Cost Responsibility: The Department of Commerce will bear the costs associated with the publication of this Executive Order.
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