Ending Certain Tariff Actions

[Executive Order 14389] is an executive action signed by President (name not specified in text) that ends the additional ad valorem duties (percentage-based tariffs on import value) imposed under the International Emergency Economic Powers Act (IEEPA) (IEEPA = law allowing emergency economic measures) in several prior Executive Orders (Sec. 1). The order directs agency heads to begin steps immediately and, as soon as practicable, terminate collection of those duties (Sec. 2(a)). It lets the Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative decide if changes to the Harmonized Tariff Schedule (HTS = list of tariff classifications) are needed and publish any changes (Sec. 2(b)). This matters because ending these extra tariffs can change costs for importers, retailers, and consumers (Sec. 1, Sec. 2(a)).