On February 13, 2025, the Trump administration issued a memorandum and profile directing several U.S. agencies to explore the implementation of new mutual tariffs.
The memorandum guides the Secretary of Commerce and the U.S. Trade Representative with the Secretary of Treasury, Secretary of Homeland Security, Assistant to the President of Economic Policy, Senior Advisor to the President of Trade and Manufacturing, to take all necessary measures to investigate from any existing non-critical trade arrangements. Damage to the United States. These agencies must then submit reports to the President to detail the proposed remedies in pursuit of mutual trade relations with each trading partner.
According to the memorandum, the U.S. policy is to reduce huge and lasting trade deficits and address other unfair and imbalanced aspects of foreign partners. To develop this policy, President Trump noted in the memorandum that he is introducing a “fair and mutual plan” that will work to oppose the non-reinterface aspect of the deal arrangements in the U.S. economy.
The fact sheet outlines several examples of trading partners not giving reciprocity to the United States and states that reciprocity tariffs will “bring back to a distorted international trading system that restores equity and prosperity.”
Diaz Trade Law will continue to monitor developments.
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