Imports from China below $800 will be subject to a 54% tariff or a flat fee of $100. The so-called 'de minimis' tariff rate had been fixed at 120%. The administration also announced that it had scrapped plans to hike the flat-fee rate to $200 on June first.

The Trump Org has entered real estate deals in all three countries the presidnet is set to visit this week. Meanwhile Elon Musk, OpenAi's Sam Altman, and other U.S. business leaders are along for the ride, looking to score mega deals of their own.

The order directs federal agencies to implement most-favored-nation prescription drug pricing for American consumers. The Secretary of Commerce and the United States Trade Representative are instructed to prevent foreign countries from engaging in practices that force American patients to subsidize global pharmaceutical research and development. The Secretary of Health and Human Services is tasked to facilitate programs for direct-to-consumer sales at the most-favored-nation price and to set price targets in line with those in comparably developed nations. If significant progress is not made, the Secretary is authorized to propose rulemaking to impose most-favored-nation pricing and consider allowing importation of prescription drugs from developed nations with low-cost prescription drugs.

The order directs federal agencies to modify reciprocal tariff rates with the People's Republic of China (PRC). This change is in response to discussions between the two nations aimed at addressing trade reciprocity and security concerns. The order suspends for 90 days the additional ad valorem duties previously imposed on the PRC, replacing them with a 10 percent ad valorem rate of duty on all articles imported from the PRC, including Hong Kong and Macau, effective from 12:01 a.m. eastern daylight time on May 14, 2025.

US and Chinese trade officials meeting in Switzerland over the weekend agreed to reduce trade tariffs from 145% (US) and 125% (China) to 30% and 10%, respectively. The reductions will be in place for 90 days while the two erstwhile trade partners continue to negotiate.

The proclamation recognizes National Small Business Week from May 4 to May 10, 2025, highlighting the importance of small businesses to the U.S. economy. It acknowledges the challenges faced by small businesses due to global trade issues and federal policies. The proclamation also mentions the implementation of targeted tariffs to protect American businesses and the Made in America Manufacturing Initiative, which aims to create jobs, secure supply chains, and reduce regulatory burdens by $100 billion.

The order directs federal agencies to adjust the application of certain tariffs on imported goods. It aims to avoid the cumulative effect of overlapping tariffs that apply to the same article, which can exceed what is necessary to achieve intended policy goals. The order outlines the procedure for determining which of multiple tariffs shall apply when an article is subject to more than one tariff. The agencies involved will ensure that tariffs from certain proclamations and executive orders do not "stack" on top of each other.

The order directs the Secretary of Commerce and the United States Trade Representative to monitor and adjust imports of automobiles and automobile parts into the United States, due to the perceived threat to national security. The order includes the imposition of a tariff system to regulate these imports. The Secretary is also instructed to establish processes to identify and impose tariffs on additional automobile parts, and to continue monitoring imports in relation to national security.

The order directs Federal agencies to modify reciprocal tariff rates in response to trading partner retaliation and alignment. If a trading partner retaliates against the U.S. through import duties on U.S. exports or other measures, the Harmonized Tariff Schedule of the United States (HTSUS) may be modified to increase or expand the duties imposed. Conversely, if a trading partner takes significant steps to remedy non-reciprocal trade arrangements and align with the U.S. on economic and national security matters, the HTSUS may be modified to decrease or limit the duties imposed. The order modifies the rate paid by China to 125%. The _de minimus rate, for small shipments, is modified from 90% to 120%. [Editor: The 125% referenced above does not include the 20% tariff ordered previously; the cumulative rate is 145%.]

The order directs Federal agencies to update duties applied to low-value imports from the People's Republic of China. It instructs a modification of the Harmonized Tariff Schedule of the United States (HTSUS) to increase the duties imposed on China in response to their retaliation from 34% to 84%. Additionally, the order mandates an increase of the ad valorem rate of duty (30% to 90%) and the per postal item containing goods duty ($25 to $75), as set forth in prior executive orders, to ensure the efficacy of the imposed tariffs.

The order directs Federal agencies to regulate imports with a reciprocal tariff to rectify trade practices that contribute to large and persistent annual U.S. goods trade deficits. It calls for an investigation into the causes of these deficits, including the economic and national security implications, as well as a review of any unfair trade practices by other countries. The order also emphasizes the need to address non-reciprocal trading practices of U.S. trading partners and the impact of their domestic economic policies on U.S. trade.

President Trump announced broad and steep tariffs on products imported by almost all U.S. trading partners, including a 34% tax on imports from China and 20% on imports from the EU.

The order directs Federal agencies to adjust imports of automobiles and automobile parts into the United States, based on a report from the Secretary of Commerce regarding the effects of these imports on national security. The United States Trade Representative, in consultation with other executive branch officials, is directed to negotiate agreements to address the threat to national security from imported automobiles and certain parts from the European Union, Japan, and any other deemed appropriate countries. Additionally, the Secretary of Commerce is instructed to monitor these imports and report any circumstances that might indicate the need for further action.

Imposing Tariffs on Countries Importing Venezuelan Oil. Imposes a 25% tariff on all goods imported into the United States from any country that imports Venezuelan oil, either directly or indirectly. Effective April 2.

Trump Expands Tariff Exemptions.Several EOs on this if you’re interested.

3/2/2025:Defense Secretary Orders Cyber Defense Team to Relax Anti-Russia Posture. An observer suggests it’s a goodwill move as Ukraine peace talks continue.

3/1/2025: EO:Addressing the Threat to National Security of the Import Timber, Lumber. Directs the Commerce Dept. to investigate whether lumber imports from Canada, Brazil, others pose a national security threat due to dumping and other market manipulation.

Addressing the Threat to National Security From Imports of Copper. Directs Commerce, other agencies to assess the national security implications of copper imports and the potential need for measures like tariffs or quotas to protect national security.

Defending American Companies and Innovators From Unfair Fines and Penalties. Directs U.S. agencies to counteract foreign governments’ “discriminatory” taxes and regulations that harm American companies, particularly in technology. It authorizes actions like tariffs and assigns responsibilities to trade and commerce officials to protect U.S. business interests.

Proclamation: Adjusting Imports of Steel Into the Inited States. Announces intention to amend various previous proclamations to levy a 25% tariff on steel imports, effective March 12, 2025.

Canada, Mexico Tariffs on Hold for 30 Days.

Finally the Mexicoand and China tariff EOs are published. That’s 25% on goods from Mexico and 10% on those from China. Both close the “de minimus” loophole (goods costing less than $800 were not taxed).

Trump II Signs EO Imposing Tariffs on Canada. Goods from Canada and Mexico get 25% tariffs; Canadian crude oil gets a 10% tariff. Suppose we will get the expected Mexico and China tariffs on separate EOs.

Trump II Slaps 25% ‘Emergency’ Tariffs on Colombia. In response to Colombia’s refusal to accept a repatriation flight landing in its territory. This appears to have beenresolved. Note to editorial staff: Avoid scrambling when Trump II makes a threat and allow the situation to evolve into an actual event and not an afternoon’s entertainment.