On September 5 local time, the White House issued a statement announcing that U.S. President Trump signed an executive order to adjust the scope of import tariffs and implement trade and security framework agreements with foreign trade partners.
The executive order stipulates that after reaching framework or final agreements with foreign trade partners, the United States may adjust tariffs based on the terms of the agreements, including reducing reciprocal tariffs on certain goods to zero. However, tariff scopes are generally not narrowed, nor are Section 232 tariffs (on steel and aluminum derivatives) modified before final agreements are signed.
Goods eligible for zero reciprocal tariffs include those not produced in the U.S. or produced insufficiently to meet domestic demand, specific agricultural products, aircraft and parts, as well as generic items for pharmaceutical applications.
The Department of Commerce, the Office of the Trade Representative, and other relevant agencies will continuously monitor trade partners' compliance, trade deficits, and other related factors, reporting to Trump and proposing further adjustments.
All departments and agencies must take necessary measures to implement the order and ensure that tariff adjustments and policy enforcement comply with the law and national interests.
Trump emphasized that these measures aim to address national emergencies, protect the U.S. economy and national security, while promoting cooperation with foreign trade partners through trade and security agreements.