President Trump issued an Executive Order this evening, Sept. 5, that modifies the scope of the Annex II list of reciprocal tariffs which become effective at 12:01 a.m. ET on Sept. 8.

On April 2, President Trump imposed global reciprocal tariffs. These tariffs have applied to nearly all imports, except for certain classes of products, such as articles subject to 50 U.S.C. § 1702(b); articles potentially subject to other tariff regimes like pharmaceuticals, semiconductors, and lumber articles; and articles listed in Annex II of Executive Order 14257.  President Trump has “determined that it is necessary and appropriate to modify the scope of the articles listed in Annex II to deal with the national emergency and protect America’s economic and national security.”

According to a White House fact sheet, some goods have been added to Annex II, meaning they will no longer be subject to reciprocal tariffs. These goods include bullion-related articles and certain critical minerals and pharmaceutical products subject to pending Section 232 investigations, while other goods have been removed from Annex II, meaning they are now subject to reciprocal tariffs. These goods include certain aluminum hydroxide, resin, and silicone products.  The modified Annex II is available here and will take effect on Sept. 8.

“Except in rare circumstances, I will refrain from narrowing the scope of the reciprocal tariff or any relevant section 232 tariff before the conclusion of a final trade and security agreement (final agreement) between the foreign trading partner and the United States,” President Trump stated in the EO.