Executive Order Modifies Annex II List for Reciprocal Tariff Exemptions
Late on September 5, 2025, President Trump issued an executive order modifying the Annex II list, which identifies goods exempt from reciprocal tariffs. The change took effect at 12:01 EST, September 8, 2025.
The following HTS codes have been added to Annex II and will no longer be subject to reciprocal tariffs. These include bullion-related articles and certain critical minerals and pharmaceutical products subject to pending Section 232 investigations:
2504.10.10
2604.00.00
2609.00.00
2612.20.00
2613.90.00
2825.40.00
2833.24.00
2903.51.10
2924.29.01, 2924.29.03, 2924.29.23, 2924.29.26, 2924.29.28, 2924.29.33, 2924.29.57, 2924.29.80
2926.90.50
2933.29.05, 2933.29.60
4703.11.00, 4703.21.00, 4703.29.00
7108.11.00, 7108.12.50, 7108.13.10, 7108.13.55, 7108.13.70, 7108.20.00
7115.90.05, 7115.90.30
7202.60.00
7501.10.00
7502.10.00, 7502.20.00, 7503.00.00, 7504.00.00
7903.90.30
8505.11.0070
8541.41.00
The following HTS codes have been removed from Annex II and are now subject to reciprocal tariffs. These include certain aluminum hydroxide, resin, and silicone products:
2818.30.00
3824.99.93
3907.29.00, 3907.30.00, 3907.61.00, 3907.69.00, 3907.99.50
3910.00.00
The executive order also establishes the “Potential Tariff Adjustments for Aligned Partners” (PTAAP) Annex, listing products that may qualify for Most-Favored-Nation tariff rates under future reciprocal trade and security agreements.
Products in the PTAAP Annex fall into four categories:
Certain aircraft and aircraft parts
Certain generic pharmaceuticals and their ingredients
Unavailable natural resources and closely related derivatives
Certain agricultural products not grown or produced in sufficient quantity in the U.S to meet domestic demand.
To earn a tariff reduction under the PTAAP Annex, a trading partner must conclude a trade deal with the U.S. that helps mitigate the national emergency relating to the trade deficit. Additionally, the extent of the trading partner’s commitments to address U.S. trade concerns, among other things, when determining which products on the PTAAP Annex qualify for a tariff reduction will be evaluated.
The full details of the executive order can be found in the following links:
The updated Annex II list and PTAAP Annex (Annex III) can be downloaded here: www.whitehouse.gov/wp-content/uploads/2025/09/ANNEX-II.pdf