New US executive order excludes some imports from reciprocal tariffs

Trump’s order on revising reciprocal tariffs includes a list of products that he may be willing to apply only to most-favoured nations, the presidential office noted.

“Today’s Order establishes the ‘Potential Tariff Adjustments for Aligned Partners’ (PTAAP) Annex, which contains the list of products for which the President may be willing to apply only the Most-Favoured-Nation (MFN) tariff upon the conclusion of any future reciprocal trade and security deal,” a factsheet on the order read.

The latest executive order identifies over 45 categories for zero import tariffs from ‘aligned partners’ who “must conclude a deal with the United States that helps mitigate the national emergency relating to the trade deficit” to “earn a reduction of reciprocal tariffs”.

The tariff exemptions kick in as soon as September 8 and apply to trading partners who strike deals on industrial exports like nickel, gold and other metals, as well as pharmaceutical compounds and chemicals, the White House noted.

“President Trump’s tariff policies have generated significant investment into the United States, strengthening the US economy while addressing unfair trade practices that have disadvantaged American workers for decades,” the White House added.

ALCHEMPro News Desk (DS)