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ARTICLE · 19 FEBRUARY 2025

President Trump Announces Process For "Reciprocal Tariff" Implementation

Cassidy Levy Kent LLP
Cassidy Levy Kent LLP
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Cassidy Levy Kent LLP

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In teasing the culmination of "tariff week," President Trump took to Truth Social to declare: "Three Great Weeks, Perhaps the Best Ever, But Today is the Big One: Reciprocal Tariffs!!!"

United StatesInternational Law
Thomas M. Beline
Thomas M. Beline
Myles S. Getlan
Myles S. Getlan
Martin Schaefermeier
Martin Schaefermeier
Yohai Baisburd
Yohai Baisburd
Roop K. Bhatti
Roop K. Bhatti
Jonathan M. Zielinski
Jonathan M. Zielinski
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In teasing the culmination of "tariff week," President Trump took to Truth Social to declare: "Three Great Weeks, Perhaps the Best Ever, But Today is the Big One: Reciprocal Tariffs!!!"

On Thursday, February 13, the President built off his Day One "America First Trade Policy" Memorandum (summarized here) in a Memorandum on Reciprocal Tariffs and Trade by tasking Commerce Secretary nominee Howard Lutnick and United States Trade Representative ("USTR") nominee Jamieson Greer to propose new tariffs on a country-by-country basis to facilitate "reciprocal trade."

The memorandum declares that it "is the policy of the United States to reduce our large and persistent annual trade deficit in goods and to address other unfair and unbalanced aspects of our trade with foreign trading partners." This policy will be pursued via the "Fair and Reciprocal Plan."

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