In February, US President Donald Trump issued a series of proclamations and memorandums, implementing a series of tariffs and ordering a comprehensive review of US trade and economic policies, focusing on trade deficits, unfair trade practices, and the impact of existing trade agreements. In this issue, we examine the provisions of these orders.
President Trump Expands Section 232 Tariffs on Steel and Aluminum
On February 10, 2025, President Donald Trump issued two
proclamations, Adjusting Imports of Steel into the United States
and Adjusting Imports of Aluminum into the United States pursuant
to Section 232 of the Trade Expansion Act of 1962, as amended
("Section 232").
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President Trump Announces "America First Investment Policy"
On February 21, 2025, President Donald Trump issued a memorandum
outlining "America's investment policy" (the
"Memorandum").
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White House Announces 25% Tariff on Automobiles and Certain Automobile Parts
On March 26, 2025, President Donald Trump signed a proclamation
imposing a 25% tariff on imports of automobiles (including
passenger vehicles, i.e., sedans, SUVs, crossovers, minivans, cargo
vans, and light trucks) and certain automobile parts (engines,
transmissions, powertrain parts, and electrical components, with
processes to expand to additional parts, if necessary) pursuant to
authority granted by Section 232 of the Trade Expansion Act of
1962.
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