On September 6, according to a statement from the White House, U.S. President Trump signed an executive order to adjust the scope of import tariffs and implement a trade and security framework agreement 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's content, including reducing the reciprocal tariffs on certain goods to zero, but typically will not reduce the scope of tariffs or modify the relevant tariffs under Section 232 (tariffs on steel and aluminum derivation) before the final agreement is signed. Goods eligible for zero reciprocal tariffs include products that cannot be produced in the U.S. or are produced insufficiently to meet domestic demand, certain agricultural products, airplanes and parts, as well as non-patented items for pharmaceutical applications. (CCTV News)
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Trump signed an executive order to adjust the scope of tariff policy.
On September 6, according to a statement from the White House, U.S. President Trump signed an executive order to adjust the scope of import tariffs and implement a trade and security framework agreement 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's content, including reducing the reciprocal tariffs on certain goods to zero, but typically will not reduce the scope of tariffs or modify the relevant tariffs under Section 232 (tariffs on steel and aluminum derivation) before the final agreement is signed. Goods eligible for zero reciprocal tariffs include products that cannot be produced in the U.S. or are produced insufficiently to meet domestic demand, certain agricultural products, airplanes and parts, as well as non-patented items for pharmaceutical applications. (CCTV News)