21 May 2025
📦Analysis of Executive Order Modifying Tariff Rates with China
Modifying Reciprocal Tariff Rates To Reflect Discussions With the People's Republic of China
Summary
Executive Order 14298 addresses modifications to reciprocal tariff rates with the People's Republic of China, responding to ongoing trade discussions and past retaliatory measures. It suspends additional duties on selected imports from China for 90 days while adjusting tariff schedules to reflect current economic negotiations and aims to align trade practices with national security interests.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
The executive order modifies tariff rates, affecting economic relationships and trade practices with China, which directly impacts businesses involved in import/export activities. The suspension of additional duties and adjustments to the Harmonized Tariff Schedule may create opportunities for cost savings or increased market access.