Market Data

January 24, 2025
Price: New administration sets roadmap for trade, manufacturing
Written by Alan Price & John Allen Riggins
Day One of the second Trump administration did not bring tariffs, but it did signal that tariffs, and other major trade actions, are not far off.
Trump issued a sweeping memorandum that further clarified the direction the administration will take on trade. This “America First Trade Policy” directs the Secretary of State, the Secretary of Commerce, the United States Trade Representative (“USTR”), and other federal agency heads to explore and report on actions that will narrow the trade deficit, promote national security, and boost domestic investment and production. Most of these reports must be delivered to Trump by April 1.
Alan Price
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