Initial Trade Policy Steps
, on his first day in office, refrained from immediate tariff impositions, opting instead to direct federal agencies to assess U.S. trade relationships with , , and .
The decision led to a relief rally in global stocks and a depreciation of the U.S. dollar against major currencies, indicating market optimism over a more measured trade approach.
Strategic Trade Reviews and Future Actions
Trump's trade memo mandates investigations into unfair trade practices, compliance with previous trade deals, and the feasibility of establishing an "" for tariff collection.
While immediate tariffs were sidelined, the move keeps foreign governments on notice and suggests potential future tariffs based on the outcomes of the directed investigations.