Overview

• The Executive Order updates Annex II of the April reciprocal‑tariff regime, with the modifications taking effect on September 8, 2025.
• Goods added to Annex II—such as bullion‑related articles, certain critical minerals, and pharmaceuticals under pending Section 232 review—become exempt from reciprocal tariffs.
• Items removed from Annex II—including specified aluminum hydroxide, resin, and silicone products—will now be subject to reciprocal tariffs.
• A new PTAAP Annex identifies categories eligible for Most‑Favored‑Nation rates once partners conclude reciprocal trade‑security agreements, covering certain aircraft and parts, generic drugs and their ingredients, unavailable natural resources and related derivatives, and select agricultural products not produced in sufficient quantity domestically.
• Implementation authority for qualifying partner agreements is delegated to the Secretary of Commerce and the U.S. Trade Representative.