6 Aug 2025
📦Executive Order on Modifying Reciprocal Tariff Rates Impacts Business
Further Modifying the Reciprocal Tariff Rates
Summary
Executive Order 14326 serves to further adjust reciprocal tariff rates in response to ongoing trade imbalances. It outlines modifications to the Harmonized Tariff Schedule and imposes additional duties on certain goods from trading partners that do not comply with trade agreements, emphasizing the government's push for fair trade practices.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The executive order modifies existing tariff rates, which significantly impacts import/export businesses by potentially increasing costs of goods from certain trading partners. These changes necessitate compliance with new tariff structures and could influence supply chain strategies and pricing.