A White House notification instructed the secretary of commerce, the secretary of treasury and the United States trade representative (USTR) to investigate the causes of the country’s large and persistent annual trade deficits in goods, as well as the economic and national security implications and risks resulting from such deficits, and recommend appropriate remedial measures.
The USTR, in consultation with the secretary of treasury, the secretary of commerce and the senior counselor for trade and manufacturing, shall review and identify any unfair trade practices by other countries and recommend appropriate remedial actions.
The USTR shall commence the public consultation process related to the US-Mexico-Canada Agreement (USMCA) in preparation for its July 2026 review.
The treasury secretary will review and assess the policies and practices of major US trading partners with respect to the rate of exchange between their currencies and the US dollar.
He will also recommend appropriate measures to counter currency manipulation or misalignment that prevents effective balance of payments adjustments or that provides trading partners with an unfair competitive advantage in international trade, and will suggest revisions to various trade agreements, if required.
The commerce secretary will review policies and regulations regarding the application of anti-dumping and countervailing duty laws.
Actions, policies and practices of China will also be investigated.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
