• U.S. Trade Representative Leads Sweeping Trade Policy Overhaul Under Trump Administration

  • Feb 6 2025
  • Durée: 3 min
  • Podcast

U.S. Trade Representative Leads Sweeping Trade Policy Overhaul Under Trump Administration

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  • Résumé

  • In the last few days, the U.S. Trade Representative (USTR) has been at the center of several significant developments in U.S. trade policy, particularly under the direction of President Donald Trump's new administration.

    On January 20, 2025, President Trump issued a presidential memorandum titled "America First Trade Policy," which outlines the immediate trade priorities for his administration. This memorandum directs various federal agencies, including the USTR, to evaluate key aspects of U.S. trade policy and submit reports to the president by April 30, 2025. The areas of focus include addressing unfair and unbalanced trade, economic and trade relations with China, and additional economic security matters. The USTR is specifically tasked with assessing the U.S. trade imbalance, identifying unfair practices by trading partners, and reviewing existing trade agreements to achieve more reciprocal and mutually advantageous trade relationships[1][3].

    One of the immediate actions following this memorandum was President Trump's announcement on January 21, 2025, to impose tariffs on China, Mexico, and Canada. As of February 1, 2025, a 10 percent tariff on all imports from China was implemented under the International Emergency Economic Powers Act (IEEPA). This move was swiftly met with retaliatory measures from China, including 10 percent and 15 percent tariffs on select U.S. goods, export controls on critical minerals, and an antitrust investigation into Google[5].

    The USTR is also involved in ongoing disputes and reviews related to existing trade agreements. For instance, there has been controversy surrounding the Biden Administration's efforts to remove investor protections from the U.S.-Mexico-Canada Agreement (USMCA), which the current administration may revisit. The House Committee on Oversight and Government Reform has been investigating the Biden Administration's actions to strip these protections, arguing that such moves would severely undercut the ability of U.S. companies to protect themselves in disputes with foreign countries[2].

    Additionally, the USTR has been active in other trade-related activities, such as initiating Section 301 investigations into China's practices related to the semiconductor industry and requesting reviews of labor rights issues under the USMCA. These actions reflect the ongoing commitment of the USTR to address various trade-related issues and enforce U.S. trade laws and agreements[4].

    In summary, the USTR is currently engaged in a comprehensive review of U.S. trade policies, implementing new tariffs, and navigating retaliatory measures from trading partners, all while addressing specific issues within existing trade agreements. These actions underscore the dynamic and often contentious nature of international trade policy under the current U.S. administration.
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