Modifying The Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements

The order directs federal agencies to modify the scope of reciprocal tariffs and establish procedures for implementing trade and security agreements. This includes updating a list of goods not subject to ad valorem duties and adjusting tariffs as necessary to address a declared national emergency related to U.S. goods trade deficits. The order also allows for the reduction or limitation of duties if trading partners take significant steps to remedy non-reciprocal trade arrangements and align with the U.S. on economic and national security matters.