On Inauguration Day, President Donald Trump issued a memorandum stating that he will implement “a robust and reinvigorated trade policy” to bolster investment and productivity.
A month later, the president imposed 10 percent additional tariffs on Chinese goods, 25 percent levies on all steel and aluminum imports, and 25 percent import duties on Canadian and Mexican exports entering the United States. The new administration has also initiated the process of implementing reciprocal tariffs on all U.S. trading partners.
