Reciprocal Trade and Tariffs

What Presidential Memorandum 2025-02872 says

Federal Register, Volume 90 Issue 32 (Wednesday, February 19, 2025) [Federal Register Volume 90, Number 32 (Wednesday, February 19, 2025)] [Presidential Documents] [Pages 9837-9839] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2025-02872] Presidential Documents Federal Register / Vol. 90, No. 32 / Wednesday, February 19, 2025 / Presidential Documents [[Page 9837]] Memorandum of February 13, 2025 Reciprocal Trade and Tariffs Memorandum for the Secretary of the Treasury[,] the Secretary of Commerce[,] the Secretary of Homeland Security[,] the Director of the Office of Management and Budget[,] the United States Trade Representative[,] the Assistant to the President for Economic Policy[, and] the Senior Counselor to the President for Trade and Manufacturing By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Background. The United States has one of the most open economies and has among the lowest average weighted tariff rates in the world. The United States imposes fewer barriers to imports than other major world economies, including those with similar political and economic systems. For many years, the United States has been treated unfairly by trading partners, both friend and foe. This lack of reciprocity is one source of our country's...

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