This executive order, titled "Addressing Certain Tariffs on Imported Articles," issued by the President, aims to address the overlapping impact of tariffs on imported goods. By reviewing several existing tariffs set under various orders and proclamations, the order seeks to prevent unnecessary stacking of tariffs on the same item, reducing the cumulative effect that might exceed desired policy outcomes. It outlines specific guidelines for the application of tariffs from orders related to automobile parts, drug inflow and border security, aluminum, and steel. The order also designates responsibilities to the Secretary of Homeland Security and others to ensure the consistent application and update of regulations related to these tariffs.
Simple Explanation
The President made a plan to make sure there aren't too many taxes put on things brought into the country, like car parts and metal. This plan helps make sure people aren't charged too much, but everyone has to wait for some rules to be written to understand exactly how it will work.