Source: The White House; Compilation:
To: Secretary of the Treasury, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Budget, U.S. Trade Representative, Assistant to the President for Economic Policy, Senior Advisor for Trade and Manufacturing Policy to the President
The United States is one of the most open economies in the world, with an average weighted tariff rate also among the lowest. The United States has fewer barriers to imports than other major world economies, including those with similar political and economic systems. Over the years, the United States has been treated unfairly by its trading partners, whether friends or enemies. This lack of reciprocity is one of the significant and persistent root causes of our country's large and continuing annual trade deficit in goods - foreign market closures lead to reduced U.S. exports, while domestic market openness leads to increased imports.
Our workers and industries are the first to be impacted by unfair practices and unable to enter foreign markets. Just like the president on January 20, 2025.