Further Modifying the Reciprocal Tariff Rates
Headline: Directs New Tariffs and Penalties on Imports from Trading Partners
What it does: Agencies must modify the U.S. tariff schedule, impose the additional duties listed in Annex I, and enforce strong penalties for evasion.
- Raises tariffs on imports from specified trading partners, increasing import costs.
- Imposes a 40% duty on goods found transshipped to evade tariffs.
- Requires customs and trade officials to publish circumvention lists every six months.
Summary
This order changes U.S. import rules by adding specific new tariffs and updating the tariff schedule. It imposes additional ad valorem duties on goods from certain foreign trading partners, sets a formula for European Union goods, applies a default 10 percent duty for others, and creates a 40 percent penalty for goods transshipped to evade duties.
Importers, foreign trading partners, U.S. manufacturers, and the customs agency will be directly affected. The order aims to address large trade deficits and protect domestic manufacturing, critical supply chains, and national security.
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