Summary
Ends the extra taxes, called tariffs, that were placed on goods coming from certain countries to deal with national security threats.
What problem does this solve?
The U.S. had placed extra taxes on goods from several countries because of national security threats, like illegal drugs and actions by foreign governments. This order stops collecting those specific extra taxes to change the country's economic and foreign policy.
Who does this affect?
- Importers and Exporters
- U.S. Consumers
- Foreign Governments (including China, Russia, Iran, Cuba, Brazil, Venezuela)
What does this order do?
Ends specific tariffs on imports
Stops the collection of extra taxes, known as ad valorem duties, that were placed on imports from various countries by nine previous executive orders.
Keeps national emergencies in effect
Specifies that while the tariffs are ending, the national emergencies that were declared in the previous executive orders will remain in effect.
Does not affect other trade duties
Clarifies that this order only impacts the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) and does not change other duties, such as those related to steel and aluminum.
Directs agencies to stop collecting tariffs
Orders all government agencies to take the necessary steps to stop collecting the specified tariffs as soon as possible.
Allows changes to the U.S. tariff schedule
Authorizes government officials to make necessary changes to the official list of U.S. tariffs (the Harmonized Tariff Schedule) to carry out this order.
What is the real world impact?
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Reversal of previous trade policy
This order reverses a series of tariffs previously imposed, suggesting a significant shift in trade and foreign policy strategy. This could be due to the previous tariffs being ineffective or causing unintended economic harm to the U.S.
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Economic relief for consumers and businesses
Tariffs often increase the cost of goods for American businesses and consumers. Ending these tariffs could lower prices and reduce financial pressure on companies that rely on imported materials.
When does this start?
This order takes effect on February 20, 2026, with agencies instructed to stop collecting the specified tariffs as soon as possible.