2024 Post-Election Analysis: Trade And Tariffs

Trade Agenda for Donald Trump's Second Term and the Role of the 119th Congress

Donald Trump's first term as president was defined by a protectionist trade policy focused on renegotiating trade agreements and imposing tariffs. His "America First" agenda aimed to reshape global trade to benefit US interests. In his second term, these policies will remain central to his economic strategy, and he has already begun to lay the groundwork, announcing his intention to impose a 10 percent tariff on all imports from China and a 25 percent tariff on goods imported from Canada and Mexico on his first day in office. With Republicans holding a majority in both chambers of the 119th Congress, his trade agenda is likely to gain renewed momentum; however, it will face challenges as both the political landscape and the global trade environment continue to evolve.