President-elect Donald Trump will not impose new tariffs on day one of his new term in office. Instead, he will sign a memorandum directing federal agencies to investigate unfair trade practices by foreign countries and recommend associated trade policies.
The memo singles out China for a review of its compliance with the 2020 Phase One trade deal and includes an assessment of the U.S.–Mexico–Canada Agreement trade pact, which is up for renewal in 2026, according to The Wall Street Journal.
