This executive order does two things. First it modifies Annex II to Executive Order 14257. Annex II is a list of certain goods that are not subject to the ad valorem rates of duty imposed in Executive Order 14257. The revised Annex II removes some goods and adds others, including minerals, chemical elements and chemical compounds. Second, it sets forth Potential Tariff Adjustments for Aligned Partners. The adjustments reflect imports on which the President may be willing to provide a 0% reciprocal tariff for trading partners of the United States that sign a reciprocal trade agreement with the United States. The goods and products include those that cannot be grown, mined or naturally produced in the United States; aircraft and aircraft parts; and non-patented articles for use in pharmaceutical applications. A reciprocal tariff rate may be different for each agreement between the trading partner and the United States. Once a framework for an agreement (Framework Agreement) is made with a trading partner, the executive order sets up a process for implementing it, including recommendations to made to the president by the secretary of commerce and the United States Trade Representative on whether the trading partner has implemented the necessary conditions giving rise to the actions to be taken by the United States.
News | September 5, 2025