The America First Trade Policy memorandum outlines a plan by the President to prioritize American economic and national security interests in trade policy. It directs various government officials to investigate and address issues like unfair trade practices, large trade deficits, and currency manipulation. The memo also emphasizes reviewing trade relations with China, exploring tariff adjustments, and examining the effectiveness of existing U.S. export controls. The goal is to enhance the United States' industrial and technological strengths, protect workers, and ensure fair trade practices with global partners.
Simple Explanation
The President wants to make trade fairer for America by checking if other countries are playing by the rules when buying and selling things. This plan, called the America First Trade Policy, also looks at how the U.S. can be stronger and smarter with its technology and factories.