11 Mar 2025
🚗Executive Order Adjusts Tariffs to Support Automotive Industry
Amendment to Duties To Address the Flow of Illicit Drugs Across Our Northern Border
Summary
Executive Order 14231 addresses the flow of illicit drugs across the northern border by amending tariffs related to the U.S. automotive industry and potash imports from Canada. The order seeks to minimize disruptions in automotive supply chains, emphasizing the importance of this industry for national security and economic stability. It introduces specific changes to tariffs, aiming to protect jobs and industry innovation.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
The Executive Order modifies tariffs on automotive goods from Canada to support the U.S. automotive industry, impacting cost structures for businesses involved in automotive production and trade. It specifically reduces duties on potash, which can influence raw material costs for involved businesses.