Unleashing American Energy

Average Gas Price Nationwide

Enactment Date: 01/20/2025

Category: Energy

Summary: On January 20, 2025, President Donald J. Trump issued a presidential memorandum titled "America First Trade Policy," directing multiple federal agencies—including the Departments of State, Treasury, Defense, Commerce, and Homeland Security, as well as the U.S. Trade Representative and others—to conduct comprehensive reviews of U.S. trade practices and policies to prioritize American workers, manufacturers, and national security. The memorandum orders investigations into persistent trade deficits, unfair trade practices by foreign nations, currency manipulation, and the feasibility of an "External Revenue Service" to collect tariffs, while also reviewing trade agreements like the USMCA, export controls, and the impacts of foreign subsidies on federal procurement. Agencies are tasked with delivering detailed reports with recommendations by April 1, 2025 (or April 30 for specific procurement issues), aiming to enhance economic productivity, reduce reliance on foreign supply chains, and counter threats from adversaries like China, though it stops short of immediately imposing new tariffs despite Trump’s prior tariff-related rhetoric.

Scroll to Top