America First Trade Policy
This January 20, 2025 memorandum directs multiple Cabinet members and agency heads to conduct broad reviews and investigations across trade policy, with reports due by April 1, 2025 (and one by April 30, 2025). It covers trade deficits, tariff structures, currency manipulation, USMCA renegotiation preparation, China trade practices, steel/aluminum national security measures, export controls, de minimis exemption reform, outbound investment rules, and procurement policy—but does not itself impose any tariffs or binding policy changes.