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Trump Signs Executive Order Adjusting Tariff Policy Scope
Summary: According to reports, the White House announced that U.S. President Trump has signed an executive order adjusting the scope of import tariffs and implementing trade and security framework agreements with foreign trading partners. The executive order stipulates that after reaching a framework agreement or final agreement with foreign trading partners, the U.S. can adjust tariffs ...
According to reports, the White House announced that U.S. President Trump has signed an executive order adjusting the scope of import tariffs and implementing trade and security framework agreements with foreign trading partners. The executive order stipulates that after reaching a framework agreement or final agreement with foreign trading partners, the U.S. can adjust tariffs based on the agreement, including reducing equivalent tariffs to zero for certain goods. However, the tariff scope is usually not narrowed or modified under Section 232 tariffs (steel and aluminum derivative tariffs) before the final agreement is signed. Goods eligible for zero equivalent tariffs include products that cannot be produced in the U.S. or are insufficient to meet domestic demand, specific agricultural products, aircraft and parts, as well as non-patented items used in drug applications. (CCTV News)
