Trade Policy Review and New Federal Body on the Agenda

As Donald Trump prepares to take office, his first day will not see the introduction of new tariffs, contrary to some expectations. Instead, a memorandum on trade is set to be issued, focusing on a comprehensive review of existing trade policies and the assessment of the United States' trade relationships with key partners such as China, Mexico, and Canada.

External Revenue Service: A New Approach to Tariff Collection

One of the highlights of the directive is the proposal for an External Revenue Service, aimed at collecting tariff revenue. This move signals a shift in how the US intends to handle trade and tariff collection, emphasizing a more structured and possibly more aggressive approach to international trade negotiations.

Broader Policy Shifts Anticipated

Beyond trade, the Trump administration is expected to make significant policy shifts, including declaring a national emergency at the US-Mexico border, rolling back Biden administration policies on diversity, equity, and inclusion, and overturning restrictions on offshore and federal land drilling. These actions reflect the administration's broader agenda and priorities as it takes office.