U.S. President-elect Donald Trump delivers a speech at a rally the day before his second term inauguration in Washington, U.S., January 19, 2025.
Brian Snyder | Reuters
President-elect Donald Trump Trump is reportedly preparing to sign a series of executive orders immediately after being sworn in, but imposing tariffs on U.S. trading partners will not be among his actions on Monday. Wall Street Journal.
Trump will release a wide-ranging trade memorandum on Monday directing federal agencies to study and evaluate unfair trade practices and monetary policies with other countries, particularly China, Canada and Mexico. However, the memo does not impose any new tariffs on those countries, according to the Wall Street Journal, which reviewed a summary of the memo and spoke with Trump’s advisers.
On Monday morning, when asked about Trump’s trade policy before the inauguration, White House officials pointed to the Wall Street Journal report, confirming the report.
The president-elect’s trade plans are likely to evolve based on what he touts on the campaign trail. His camp has been discussing a timetable for increasing graduated tariffs on trading partners of about 2% to 5% per month. Bloomberg News reported last week.
Trump once Universal tariff as core principle His economic campaign pitch calls for a 20% tariff on all imports from all countries, including a 60% tariff on Chinese goods.
Many economists worry that such protectionist trade policies could make goods more expensive to produce and raise consumer prices just as the world recovers from a pandemic-era surge in inflation.
— Click here to read ability From the Wall Street Journal.
