America First Trade Policy

This memorandum establishes an America First trade policy and directs a series of investigations and reviews by the Secretaries of Commerce, the Treasury, State, Defense, and Homeland Security, the United States Trade Representative, and other officials, covering trade deficits, a potential External Revenue Service, unfair foreign trade practices, the USMCA, currency manipulation, antidumping and countervailing duty rules, the de minimis exemption, PRC trade compliance and Section 301 tariffs, export controls, outbound investment restrictions under EO 14105, and steel and aluminum import measures. Resulting findings and recommendations are due to the President in unified reports by April 1, 2025, except an OMB procurement assessment due April 30, 2025.

• Commerce
• Treasury
• US Trade Representative
• DHS
• DoD
• OMB

Reviews and investigations, findings, identifications, and recommendations are due April 1, 2025, with the exception of an OMB report due April 30, 2025.

None.

No known legal challenges.