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

Key Chapter Title List

1. 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. Examination 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. The 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 powerful industrial strength, 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 launched 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, examine unfair and non-reciprocal trade practices by various countries, reassess existing trade agreements and promote negotiations for new ones, 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 Trump's first term, including the successful renegotiation of 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 WTO framework, and imposing tariffs in response to China's unfair trade practices, among others. Data shows that during the first term, U.S. real median household income saw significant growth, national security strength was enhanced, and these trade outcomes gained 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, thereby laying the economic and security foundation for America's next great century.