US Trade Policy Agenda 2026: Tariffs, China & New Trade Deals

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Trump Administration Pursues Latest Tariff Strategies Following Supreme Court Ruling

Washington D.C. – The U.S. Trade Representative’s office has announced its intention to actively pursue reductions in foreign tariffs and non-tariff barriers, enforce existing “reciprocal” trade agreements, and initiate investigations into perceived unfair trade practices. This agenda, released by the Donald Trump Administration, follows a recent Supreme Court decision that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA) .

Addressing Trade Imbalances and Agreements

A key focus of the 2026 Trade Policy Agenda is addressing perceived deficiencies within the United States-Mexico-Canada Agreement (USMCA). The administration intends to focus on regional rules of origin and challenges stemming from investments originating from non-market economies and excess industrial capacity. The administration likewise signaled its intent to manage bilateral trade with China, aiming for greater balance and adherence to the trade truce established last year.

Pursuit of New Trade Pacts and WTO Reform

Despite acknowledging limited opportunities for broad reform within the World Trade Organization (WTO), the Trump administration will advocate for a re-evaluation of “most favored nation” tariffs to facilitate bilateral agreements. Simultaneously, the U.S. Aims to finalize new trade agreements with a diverse range of partners, including the European Union, India, Japan, North Macedonia, South Korea, Switzerland, Liechtenstein, Thailand, and Vietnam .

Efforts will also be directed towards finalizing agreements with Argentina, Bangladesh, Cambodia, El Salvador, Guatemala, Indonesia, Malaysia, and Taiwan, alongside rigorous enforcement of all existing trade agreements through established legal frameworks.

Strengthening Supply Chain Resilience

Recognizing the importance of domestic production, the administration will prioritize the recovery of supply chains for critical resources. This includes focusing on securing access to essential minerals, semiconductors, auto parts, pharmaceuticals, medical equipment, metals, and energy technologies. These efforts will be coordinated with broader national security considerations.

Continued Tariff Policy Despite Legal Challenges

U.S. Trade Representative Jamieson Greer has affirmed that the administration’s overall tariff policy remains unchanged despite the Supreme Court’s ruling . Even as the legal mechanisms for implementing tariffs may evolve, the core objectives of the policy will be maintained. Greer indicated the administration is prepared to reinstate tariffs through investigations, potentially within months, and does not intend to wait for Congressional action to reestablish the program .

The administration will also continue to promote its commercial interests through international forums such as the G7, G20, the Organization for Economic Cooperation and Development, and the WTO, while ensuring these actions align with national security objectives.

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