The Trump Administration’s America First Trade Policy

On January 20,2025, President Trump’s new Administration issued a memorandum (“Memorandum”) that lays out certain directives and goals for U.S. foreign trade. The Memorandum states that the Administration intends to establish “a robust and reinvigorated trade policy that promotes investment and productivity, enhances our Nation’s industrial and technological advantages, defends our economic and national security, and — above all — benefits American workers, manufacturers, farmers, ranchers, entrepreneurs, and businesses.”