7 Feb 2025
⚖️Executive Order Imposes Tariffs on Chinese Goods to Combat Opioid Crisis
Imposing Duties To Address the Synthetic Opioid Supply Chain in the People's Republic of China
Summary
Executive Order 14195 addresses the urgent synthetic opioid crisis exacerbated by the People's Republic of China's role in drug trafficking. It imposes a 10% duty on PRC products effective February 4, 2025, as a response to the failure of Chinese authorities to curb the flow of dangerous substances. The order emphasizes a commitment to protecting American citizens and addressing the growing public health emergency.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The Executive Order imposes a 10% ad valorem duty on all products from the People's Republic of China (PRC) in response to the synthetic opioid crisis. This impacts importing businesses directly through increased costs and potential retaliatory actions from the PRC that could affect U.S. exports.