Executive Order
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Modifying Reciprocal Tariff Rates To Reflect Trading Partner Retaliation and Alignment
AI Summary:
This regulation is an executive order modifying tariff rates in response to international trade tensions, specifically targeting trade with the People's Republic of China (PRC). The order increases the ad valorem duty rate for imports from the PRC from 84% to 125% after the PRC announced an 84% tariff on U.S. goods. Additionally, the order temporarily suspends country-specific tariff rates for over 75 other trading partners, instead imposing a uniform 10% additional ad valorem duty for 90 days. The regulation also increases duties on low-value imports and postal items containing goods from the PRC, raising the ad valorem rate from 90% to 120% and increasing per postal item duties. The order is based on the President's determination that these actions are necessary to address national economic security concerns related to trade deficits and non-reciprocal trade arrangements. The modifications are set to take effect at 12:01 a.m. eastern daylight time on April 10, 2025, and will remain in effect for 90 days.