Modifying Reciprocal Tariff Rates To Reflect Discussions With the People's Republic of China
Executive orderTariff raisedSigned 25/05/12Federal Register 25/05/21Executive Order 14298Open the original
Summary
President Trump modifies the reciprocal tariff rates on articles from the PRC, including Hong Kong and Macau, effective for goods entered on or after 12:01 a.m. eastern daylight time on May 14, 2025. The order suspends the additional duties for 90 days and sets an additional ad valorem rate of duty of 10 percent, while some 125% rates are changed to 34%.
By industry
- Tariffs & Reshoring1 trading day+1.9%p15 stocks5 trading days+1.8%p15 stocks20 trading days+4.3%p15 stocks
“additional ad valorem rate of duty of 10 percent”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/05/09 | 0.0% | 0.0% |
| 25/05/12 | +5.2% | +3.3% |
| 25/05/13 | +6.2% | +4.0% |
| 25/05/14 | +5.9% | +4.0% |
| 25/05/15 | +5.3% | +4.6% |
| 25/05/16 | +6.0% | +4.3% |
| 25/05/19 | +5.8% | +5.4% |
| 25/05/20 | +5.1% | +5.0% |
| 25/05/21 | +2.4% | +3.3% |
| 25/05/22 | +1.3% | +3.4% |
| 25/05/23 | +0.3% | +2.6% |
| 25/05/27 | +3.4% | +4.8% |
| 25/05/28 | +1.4% | +5.6% |
| 25/05/29 | +1.0% | +4.5% |
| 25/05/30 | −0.1% | +4.4% |
| 25/06/02 | +5.9% | +5.1% |
| 25/06/03 | +8.1% | +5.6% |
| 25/06/04 | +8.4% | +5.6% |
| 25/06/05 | +7.3% | +5.0% |
| 25/06/06 | +8.8% | +6.2% |
| 25/06/09 | +10.5% | +6.3% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Leon J. Topalian
SellNucor
SellNucor
NUE
$2.9M
23,935 sh
$2.9M
Filed 25/05/05
Traded 25/05/01
- Leon J. Topalian
SellNucor
SellNucor
NUE
$1.2M
9,769 sh
$1.2M
Filed 25/05/05
Traded 25/05/01
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$4.1M
50,000 sh
$4.1M
Filed 25/06/05
Traded 25/06/03
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$3.4M
45,359 sh
$3.4M
Filed 25/05/22
Traded 25/05/20
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$2.2M
25,531 sh
$2.2M
Filed 25/06/16
Traded 25/06/12
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.8M
26,416 sh
$1.8M
Filed 25/05/08
Traded 25/05/06
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.6M
23,584 sh
$1.6M
Filed 25/05/08
Traded 25/05/06
- James D. Dee
SellCarpenter Technology
SellCarpenter Technology
CRS
$1.2M
5,000 sh
$1.2M
Filed 25/05/21
Traded 25/05/19
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.1M
13,105 sh
$1.1M
Filed 25/06/16
Traded 25/06/12
- Miguel Alvarez
SellSteel Dynamics
SellSteel Dynamics
STLD
$1M
7,495 sh
$1M
Filed 25/05/20
Traded 25/05/20
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$958K
11,364 sh
$958K
Filed 25/06/16
Traded 25/06/12
- James D. Graham
SellCleveland-Cliffs
SellCleveland-Cliffs
CLF
$822K
120,000 sh
$822K
Filed 25/05/23
Traded 25/05/23
- I. Martin Inglis
SellCarpenter Technology
SellCarpenter Technology
CRS
$678.6K
3,433 sh
$678.6K
Filed 25/05/01
Traded 25/04/29
- Leon J. Topalian
SellNucor
SellNucor
NUE
$64.9K
534 sh
$64.9K
Filed 25/05/05
Traded 25/05/01
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$352.8K
4,641 sh
$352.8K
Filed 25/05/22
Traded 25/05/06
- Elizabeth A. Socci
SellCarpenter Technology
SellCarpenter Technology
CRS
$287.3K
1,415 sh
$287.3K
Filed 25/05/05
Traded 25/05/01
- Colleen Pritchett
SellCarpenter Technology
SellCarpenter Technology
CRS
$279.9K
1,200 sh
$279.9K
Filed 25/05/23
Traded 25/05/21
- Elizabeth A. Socci
SellCarpenter Technology
SellCarpenter Technology
CRS
$275.8K
1,375 sh
$275.8K
Filed 25/05/05
Traded 25/05/01
- Anastasios John Hart
SellCarpenter Technology
SellCarpenter Technology
CRS
$243.7K
1,000 sh
$243.7K
Filed 25/06/16
Traded 25/06/12
- Elizabeth A. Socci
SellCarpenter Technology
SellCarpenter Technology
CRS
$241.8K
1,200 sh
$241.8K
Filed 25/05/05
Traded 25/05/01
