Trade Directives
This executive order initiates a comprehensive review of federal regulations to identify and eliminate those deemed anti-competitive. The process involves agencies reviewing their rules, submitting recommendations to the FTC and Attorney General, and soliciting public input.
The goal is to promote economic growth, competition, and innovation by reducing barriers to entry for new businesses.
This executive order directs federal agencies to review and identify regulations that hinder competition, entrepreneurship, and innovation.
The order initiates a process for potentially rescinding or modifying these regulations, aiming to revitalize the American economy by removing anti-competitive barriers to market entry.
The process involves inter-agency cooperation, public input, and consideration of the impact on various aspects of the free market.
Reforming Foreign Defense Sales to Improve Speed and Accountability
This Presidential Action orders a comprehensive reform of the US foreign defense sales system to improve speed, accountability, and transparency.
The plan aims to streamline decision-making, reduce regulatory burdens, increase government-industry collaboration, and improve partner financing.
Key actions include developing priority partner and end-item lists, updating congressional notification processes, and creating a single electronic tracking system.
The goal is to strengthen alliances, revitalize the domestic defense industrial base, and reduce costs for both the US and its partners.
Amendment to Reciprocal Tariffs and Updated Duties as Applied to Low-Value Imports from the People’s Republic of China
President Trump issued an executive order amending reciprocal tariffs and increasing duties on low-value imports from China.
This action, justified as a response to China's retaliatory tariffs imposed on US exports following the implementation of Executive Order 14257, modifies the Harmonized Tariff Schedule of the United States (HTSUS) to increase tariffs from 34% to 84% on specified goods.
Additionally, the order increases the ad valorem rate of duty and per-item duty on certain goods to prevent tariff circumvention.
Reinvigorating America’s Beautiful Clean Coal Industry and Amending Executive Order 14241
This executive order prioritizes the revitalization of the American coal industry, emphasizing its role in national security and economic prosperity.
It directs federal agencies to remove regulatory obstacles to coal production, increase domestic coal use, and promote coal exports.
The order also seeks to incorporate coal more broadly into other sectors, such as powering artificial intelligence data centers and supplying the steel industry.
Multiple agencies are tasked with implementing these changes.
Review of Proposed United States Steel Corporation Acquisition
President Biden issued a memorandum ordering the Committee on Foreign Investment in the United States (CFIUS) to conduct a thorough review of Nippon Steel's proposed acquisition of U.S. Steel.
This action, based on concerns about potential national security risks, mandates a de novo review by CFIUS, which must submit a recommendation within 45 days on whether proposed mitigation measures are sufficient.
The President's order builds upon a prior prohibition of the acquisition and reserves the right to take further action if deemed necessary.
Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports
This presidential action amends previous orders to address the synthetic opioid crisis fueled by imports from China.
It eliminates the duty-free de minimis exemption for certain products from China, imposing either a 30% ad valorem or tiered specific duty on items valued under $800, depending on the method chosen by the transporter and enforced by the Department of Homeland Security's Customs and Border Protection (CBP).
The order requires carriers to remit duties to CBP and mandates a 90-day report assessing the action's impact on American industries.
Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits
President Trump declared a national emergency due to substantial and persistent US goods trade deficits, citing a lack of reciprocity in trade relationships, unfair trade practices by other countries and the negative impacts on US economic and national security.
The President issued an executive order imposing an initial 10% ad valorem duty on all imports, with higher duties for specific countries based on their trade practices.
The order included provisions for exceptions, modification based on later developments and reporting requirements to Congress.
This action aims to restore balance in global trade and strengthen domestic production.