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The Trump administration released a report to Congress on March 1, 2017 outlining details of the president’s “America First” trade policy. The report represents a drastic shift in the U.S. approach to global trade practices and sheds light on how President Trump intends to accomplish many of his campaign promises on trade.
The stated objectives of the president’s trade policy are to expand trade in a way that is “freer and fairer to all Americans.” More specifically, the report outlines plans intended to increase economic growth, promote job creation, prioritize reciprocity with trading partners, strengthen the U.S. manufacturing base, and expand agricultural and services industry exports.
To achieve these objectives, the administration has set forth four top priorities:
President Trump’s trade agenda is not a departure from the promises he made on the campaign trail, but the March 1 report outlines an approach that significantly differs from prior administrations. His “America first” policy may have wide-ranging impacts on both U.S. importers and exporters. Only 50 days into his presidency, President Trump has not taken any concrete steps to implement this agenda, but we expect agency action will be forthcoming soon. Check back here for more information as the situation develops.
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