On February 13, 2025, President Donald J. Trump signed a Memorandum directing the U.S. Trade Representative and the Secretary of Commerce, in consultation with other agencies, to develop a plan for imposing reciprocal tariffs on each country that trades with the United States. The U.S. Trade Representative and the Secretary of Commerce are expected to deliver reports to President Trump within the coming months detailing recommended levels of reciprocal tariffs.
View other S&C insights relating to President Trump’s recent executive orders.