On February 13, 2025, the Trump Administration printed a memorandum and truth sheet directing a number of U.S. businesses to discover the implementation of latest reciprocal tariffs.
The memorandum directs the Secretary of Commerce and america Commerce Consultant, in session with the Secretary of the Treasury, the Secretary of Homeland Safety, the Assistant to the President for Financial Coverage, and the Senior Counselor to the President for Commerce and Manufacturing to take all obligatory actions to analyze the hurt to america from any current non-reciprocal commerce preparations. The businesses should then submit a report back to the President detailing proposed cures in pursuit of reciprocal commerce relations with every buying and selling companion.
In accordance with the memorandum, it’s the coverage of america to scale back giant and protracted commerce deficits and to handle different unfair and unbalanced points of commerce with international companions. In pursuit of this coverage, President Trump said within the memo that he’s introducing the “Honest and Reciprocal Plan” that may work to counter non-reciprocal points of buying and selling preparations together with tariffs, taxes, and every other impediments to honest competitors with the market economic system of america.
The actual fact sheet outlines a number of examples the place buying and selling companions don’t give america reciprocal remedy and states that reciprocal tariffs will “convey again equity and prosperity to the distorted worldwide commerce system.”
Diaz Commerce Legislation will proceed to watch for developments.
