Trump Orders Sweeping Trade Review on First Day

President Trump issued a comprehensive trade policy memorandum on his first day in office, directing federal agencies to conduct wide-ranging reviews of America’s trade relationships and security measures.

The memorandum, which emphasizes an “America First” approach, calls for investigation into persistent trade deficits and potential remedies, including the possibility of implementing a “global supplemental tariff.” Of particular significance, the directive orders the creation of an External Revenue Service (ERS) to handle tariffs and trade-related revenues.

The National Retail Federation (NRF) responded positively to what is being viewed as a me…