Fact Sheet: President Donald J. Trump Announces “Fair and Reciprocal Plan” on Trade

In February 2025, President Donald J. Trump announced the "Fair and Reciprocal Plan," aimed at overhauling U.S. trade relationships. This episode dives into the details of the Presidential Memorandum, exploring the administration's arguments for addressing trade imbalances and perceived unfair practices. We examine the specific examples cited, including tariffs on ethanol, agricultural goods, shellfish, and automobiles, and the broader concerns around digital service taxes and trade deficits. Note that my information on this topic is current up to June 2024, and the trade landscape may have evolved since then.