Reports from the U.S. Census Bureau or the Office of the U.S. Trade Representative

Trump to Unveil Trade Vision Evaluating China, Canada, Mexico; No Immediate Tariffs, WSJ Reports

Jan 20, 2025, 01:47 PM

President-elect Donald Trump is expected to lay out his trade vision by issuing a memorandum on Monday that directs federal agencies to study trade policies, evaluate the United States' trade relationships with China, Canada, and Mexico, and investigate trade deficits and unfair trade practices, according to a report by The Wall Street Journal. The memo stops short of imposing new tariffs immediately, as Trump will not impose day-one tariffs. A Trump official confirmed the WSJ report that the administration will not implement immediate tariffs. The news led to a decline in the U.S. dollar, which fell broadly against other currencies, and a rally in markets as investors reacted to the reduced likelihood of immediate trade disruptions.