On Sept. 5, 2025, President Trump signed an Executive Order that modifies the scope of Annex II reciprocal tariffs and creates a new trade-deal framework, the PTAAP Annex (Potential Tariff Adjustments for Aligned Partners.)

The EO summarizes the changes as follows:

  • The following tariff lines are added to reciprocal tariff coverage: 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, and 8541.41.00.
  • The following tariff lines are removed (no longer covered): 2818.30.00,3824.99.93, 3907.29.00, 3907.30.00, 3907.61.00, 3907.69.00, 3907.99.50, and3910.00.

The full annex list can be viewed here: Annex II.Goods added (now excluded from tariffs) include bullion-related articles, certain critical minerals, and some pharmaceuticals under Section 232 review. Goods removed (now subject to tariffs) include specific aluminum hydroxide, resin, and silicone products.

PTAAP Annex: The Order also establishes a “Potential Tariff Adjustments for Aligned Partners” list, covering certain aircraft and parts, generic pharmaceuticals, natural resources unavailable in the U.S., and agricultural goods not produced in sufficient quantities. These goods may qualify for tariff reductions under future reciprocal trade and security deals. 

As always, Shapiro is closely monitoring the current trade environment and will keep you apprised of any changes or updates as they arise.