This Executive Order aims to prevent the cumulative effect of multiple tariffs on imported articles. It clarifies that tariffs imposed under certain executive orders will not be cumulative with other tariffs imposed under other executive orders. It also clarifies that the order does not affect the authority of executive departments and agencies to impose duties or other trade measures.

Key Points from Fact Sheet

• Proclamation Goal: To incentivize domestic automobile production and reduce reliance on foreign imports.
• Tariff Modification: Offers an offset to a portion of tariffs for automobile parts used in U.S.-assembled vehicles.
• Offset Percentage: 3.75% of the Manufacturer’s Suggested Retail Price (MSRP) for the first year and 2.5% for the second year.
• Domestic Production Decline: U.S. automobile production has stagnated while foreign industries, supported by subsidies and industrial policies, have expanded.
• Import Dependence: In 2024, the U.S. imported 50% of the vehicles sold, with only 25% of vehicle content categorized as “Made in America.”
• Trade Deficit: The U.S. trade deficit in automobile parts reached $93.5 billion in 2024.

Fact Sheet for President Trump's Executive Order to investigate the national security risks posed by U.S. reliance on imported processed critical minerals and their derivative products. The investigation will assess vulnerabilities in supply chains and the economic impact of foreign market distortions.

Also mentioned:

• China faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions. This includes
• • a 125% reciprocal tariff,
  • a 20% tariff to address the fentanyl crisis,
  • and Section 301 tariffs on specific goods, between 7.5% and 100%.
• President Trump restored a true 25% tariff on steel and elevated the tariff to 25% on aluminum.

The President issued an executive order modifying reciprocal tariff rates in response to trading partner retaliation and alignment. The order suspends country-specific ad valorem rates of duty for most trading partners, imposing a 10% duty instead. It also increases tariffs on China to 125% and implements de minimis tariff increases to prevent circumvention.