U.S. President Trump Modifies Certain Reciprocal Tariffs and Establishes Potential Tariff Adjustments for Aligned Partners

U.S. President Trump signed an executive order on 5 September 2025 that modifies certain reciprocal tariffs effective 8 September 2025 and establishes the Potential Tariff Adjustments for Aligned Partners (PTAAP) Annex, which contains a list of products for which the President may be willing to apply only the Most-Favored-Nation (MFN) tariff upon the conclusion of any future reciprocal trade a…
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