U.S. President Donald Trump has issued further modifications to the Harmonized Tariff Schedule of the United States (HTSUS), effective Mon., Sept. 8. The changes were issued in the Sept. 5 Executive Order “Modifying the Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements.” The order further modifies import duties imposed by Executive Order 14257, which was originally issued in April and modified in July.
The HTSUS modifications from the recent order can be found in Annex II, here.
The new order also includes a list of imports that the president “may be willing to provide” a 0% tariff rate. These include “products that cannot be grown, mined, or naturally produced in the United States or grown, mined, or naturally produced in sufficient quantities in the United States to satisfy domestic demand; certain agricultural products; aircraft and aircraft parts; and non-patented articles for use in pharmaceutical applications.” The list can be found in Annex III to the order on page 38, here.
The president has also established several country-specific tariff rates after discussions with various world leaders. The European Union (EU) has agreed to a 15% tariff on EU imports, while removing the EU’s tariff on American imports. Japan has also agreed to a 15% tariff on Japanese imports.
The president also made a deal with China, agreeing to maintain the current tariff on Chinese imports, 30%, until Nov. 10. China’s 10% tariff on American imports will also remain the same until this date.
According to a fact sheet released Sept. 5 by the administration, the U.S. has “additional trade deals with Indonesia, the Philippines, South Korea, Vietnam.”
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