To impose additional duties on imports of goods into the United States.

Summary

Imposes an additional ad valorem duty of 10% on the value of all imported goods for the first calendar year after enactment and treats it as added to any existing tariffs. Each following calendar year the President must raise or lower that additional duty by 5 percentage points depending on whether the United States had a goods-and-services trade deficit (increase by 5 points) or a balance/surplus (decrease by 5 points), with reductions not allowed to make the duty drop below zero.

• Creates a new baseline additional tariff of 10% on the value of all imported goods starting the first calendar year after enactment.
• Requires the President to adjust that additional tariff each subsequent calendar year by +5 or -5 percentage points depending on whether the U.S. ran a trade deficit or balance/surplus in the prior year.
• The additional tariff is treated as added to any existing duties; no exemptions or product-specific carve-outs are included in the text.
• Annual decreases cannot reduce the additional duty below zero, but no upper limit or cap on increases is specified.
• The President is given sole authority to impose and annually modify the duty under the statute; implementation details and administrative rules are not provided.
• Likely raises import prices, increases federal tariff revenue, and could trigger changes in supply chains and international trade relations.
• Could produce inflationary pressure on consumer goods and impose larger burdens on households and businesses that rely on imported inputs.
• May prompt retaliatory measures by trading partners and potential disputes at international trade bodies, since it is a broad, economy-wide tariff.