• USTR Takes Charge: Sweeping Trade Reforms Reshape US Commerce

  • Feb 16 2025
  • Durée: 3 min
  • Podcast

USTR Takes Charge: Sweeping Trade Reforms Reshape US Commerce

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  • Résumé

  • In recent days, the Office of the U.S. Trade Representative (USTR) has been at the forefront of several significant developments in U.S. trade policy. On January 20, 2025, President Donald 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, or in some cases, by April 1, 2025.

    A key component of this policy is the review of foreign trade practices that may be unfair, unreasonable, or discriminatory against the United States. The USTR announced that it will conduct this review to identify practices that burden or restrict U.S. commerce, in line with Sections 2(c) and 3(c) of the presidential memorandum[1][2].

    The "America First Trade Policy" memorandum focuses on three main areas: addressing unfair and unbalanced trade, economic and trade relations with the People's Republic of China (PRC), and additional economic security matters. This includes an aggressive timeline for reviewing the United States-Mexico-Canada Agreement (USMCA) and hints at the potential imposition of tariffs on China, Mexico, and Canada. President Trump indicated his intention to impose 10 percent tariffs on China and 25 percent tariffs on Mexico and Canada as early as February 1, 2025[2].

    In a further escalation of trade measures, on February 13, 2025, President Trump issued another presidential memorandum on “Reciprocal Trade and Tariffs,” introducing the “Fair and Reciprocal Plan.” This plan aims to determine and implement reciprocal tariffs on all U.S. trading partners, potentially as soon as April 2025. The USTR and the Secretary of Commerce, in consultation with other executive agencies, will initiate an investigation into harm caused by non-reciprocal trade arrangements. This investigation will examine various practices, including tariffs imposed on U.S. products, unfair taxes, nontariff barriers, and other mercantilist policies that impose unfair limitations on market access or structural impediments to fair competition[4].

    These recent actions underscore the administration's commitment to addressing what it perceives as unfair trade practices and to promoting a more balanced and reciprocal trade environment. The upcoming reports and investigations will likely serve as the basis for future trade measures, including potential tariffs, as the USTR continues to play a pivotal role in shaping U.S. trade policy.
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