Ending Certain Tariff Actions

This executive order terminates additional ad valorem duties previously imposed under the International Emergency Economic Powers Act to address border security and foreign threats.

Positively Impacted Sectors

• Energy (Refiners): Lower costs for importing heavy crude oil from Venezuela; improved refinery margins.
• Retail and Consumer Discretionary: Reduced prices for imported goods from China and other regions; potential for increased consumer spending.
• Transportation and Logistics: Expected increase in global trade volumes; higher demand for shipping and freight services.
• Agriculture: Reduced threat of retaliatory tariffs from major trading partners like China and Brazil; improved export prospects.
• Multinational Industrials: Lower supply chain costs for raw materials and components sourced from the affected countries.

Negatively Impacted Sectors

• Domestic Energy Producers: Increased competition from foreign oil imports; potential downward pressure on domestic crude prices.
• Industrial Manufacturing: Higher competition from cheaper foreign imports previously restricted by reciprocal trade duties.
• Materials (Steel and Aluminum): Potential for increased supply from countries like Brazil and Russia; downward pressure on domestic pricing.
• Domestic Chemical Producers: Increased competition from lower-priced synthetic inputs and chemical precursors originating from China.