Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits
Presidential Action
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April 02, 2025
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Document 7778

Summary
President Donald Trump has declared a national emergency to address the United States' significant and persistent goods trade deficits, citing them as a threat to national and economic security. To counteract this, he has implemented a reciprocal tariff policy, imposing a 10% additional duty on imports from all trading partners, with potential increases for specific countries, aiming to rebalance trade flows and bolster domestic manufacturing. This action could lead to increased costs for imported goods, potential retaliation from trading partners, and significant legal and political debates over its impact on international trade relations and U.S. economic interests.