Annual Presidential Trade Policy Agenda: Trade Policy for the Next Great American Century

Key Chapter Title List

1. Advancing Toward a Producer Economy
2. America First Trade Policy
3. Continuation and Expansion of Past Achievements
4. Investigation into the Causes of Trade Deficits and National Security Risks
5. Review and Response to Unfair Trade Practices by Various Countries
6. Review of Existing Trade Agreements and Negotiation of New Agreements
7. Managing Trade Relations with the People's Republic of China
8. Impact Assessment of the USMCA and Preparation for the 2026 Review
9. Wage Advantages and Job Creation Effects of a Producer Economy
10. The Role of a Producer Economy in Supporting Innovation and the Defense Industrial Base

Document Introduction

The United States, as a globally influential nation, once achieved remarkable success through its strong industrial power, innovative vitality, and abundant agricultural and energy resources. However, in recent decades, trade policies led by globalist elites have resulted in the loss of manufacturing jobs, a shrinking industrial base, persistently high trade deficits, constrained development for the middle class, and national security risks due to fragile international supply chains.

The core objective of the trade policy agenda introduced by the Trump administration in 2025 is to reverse this trend and establish a development path oriented toward a producer economy. This agenda emphasizes that a producer economy is a high-wage economy, a full-employment economy, an innovation-driven economy, and a crucial pillar of national security. Through trade policy, increasing manufacturing's share of GDP, raising real median household income, and reducing the goods trade deficit have become the three core tasks.

America First is the core principle of this trade policy. The Presidential Memorandum signed on January 20, 2025, directs the Office of the United States Trade Representative (USTR) and relevant agencies to investigate the causes and impacts of trade deficits, review unfair and non-reciprocal trade practices by various countries, reassess existing trade agreements, and promote negotiations for new agreements, with a particular focus on trade relations with China. This includes evaluating the implementation of the Phase One Trade Agreement and addressing the broad challenges posed by China's non-market behaviors.

This policy agenda builds upon the trade achievements of President Trump's first term. These achievements include successfully renegotiating the North American Free Trade Agreement (NAFTA) into the United States-Mexico-Canada Agreement (USMCA), reaching a bilateral trade agreement with Japan, defending U.S. interests within the World Trade Organization (WTO) framework, and imposing tariffs in response to China's unfair trade practices. Data shows that during the first term, the United States saw significant growth in real median household income, strengthened national security capabilities, and these trade outcomes received bipartisan recognition and were continued by subsequent administrations.

Through strategic and robust adjustments to trade policy, this agenda aims to reshape America's global trade position, promote the reshoring of industries and the revival of manufacturing, strengthen the foundation of the middle class, enhance national competitiveness and defense security, and lay the economic and security groundwork for America's next great century.