Trump has made clear that he will use tariffs as his “primary tool” to protect domestic industries, reduce the trade deficit, and address the drug and immigration crisis. On the same day, he signed his first executive order as president, ordering relevant agencies, including the Commerce, Treasury, and the U.S. Trade Representative (USTR), to prepare a report on trade policy and tariff recommendations by April 1, 2025, to guide future policy actions.
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