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The Trump administration plans to announce a new trade policy this week that will match other countries’ tariffs on U.S. goods with equal tariffs on their exports to America. This will be done through an executive order.
This new tariff policy is a revival of an earlier attempt from Trump’s first term that didn’t succeed when tried through Congress. Peter Navarro, who serves as Trump’s senior advisor on trade and manufacturing, is leading this initiative. Navarro has long supported this approach to trade, including when he backed similar legislation proposed by Sean Duffy, who is now Trump’s Transportation Secretary.
