📦Executive Order 14257
Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits
Summary
Executive Order 14257 introduces a national emergency aimed at rectifying trade deficits by implementing additional tariffs on imports. The order highlights imbalances in trade relationships, emphasizing the need to restore reciprocity in tariff rates to enhance domestic manufacturing capabilities and secure the U.S. economy against vulnerabilities and reliance on foreign goods.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The content outlines significant changes in trade policy, including the imposition of additional ad valorem duties on imports to address trade imbalances. This will directly affect business owners relying on foreign goods, creating new compliance and financial obligations. Such tariffs could lead to increased costs for businesses and potentially impact pricing strategies and profitability.