Economy Directives

Progress on the Situation at Our Northern Border

On February 1, 2025, the President imposed tariffs on Canadian goods due to concerns about drug and human trafficking.

This order pauses those tariffs until March 4, 2025, to assess Canada's response to the crisis.

The pause allows for further evaluation of Canada's actions to mitigate the issues affecting the US border, and the tariffs will be reinstated if the situation worsens or insufficient action is taken.

A Plan for Establishing a United States Sovereign Wealth Fund

Published: Tue 4th Feb 25

This presidential order establishes a policy to maximize the stewardship of national wealth for American citizens by creating a sovereign wealth fund.

The Secretaries of the Treasury and Commerce, in coordination with the Assistant to the President for Economic Policy, must develop a plan for the fund's establishment within 90 days.

This plan should include funding, investment strategies, structure, governance, and legal considerations.

The order clarifies that it does not create any new legal rights or benefits and is subject to available appropriations.

Progress on the Situation at Our Southern Border

This presidential order pauses previously imposed tariffs on Mexican goods.

The pause allows for assessment of Mexico's response to the illegal immigration and drug trafficking crisis at the US-Mexico border.

If Mexico's actions are deemed insufficient, the tariffs will be reinstated.

The order cites the International Emergency Economic Powers Act, the National Emergencies Act, and sections of the Trade Act of 1974 and Title 3 of the US Code as legal basis.

Career and Technical Education Month, 2025

President Donald J. Trump's proclamation designates February 2025 as Career and Technical Education Month.

The proclamation highlights the importance of workforce development, particularly in science, technology, engineering, and related fields, emphasizing the need to provide Americans with the skills for high-wage careers.

It underscores a commitment to investing in career and technical education to strengthen the economy and ensure American dominance in the 21st century.

American Heart Month, 2025

Published: Mon 3rd Feb 25

President Trump's proclamation designates February 2025 as American Heart Month, acknowledging cardiovascular disease as the nation's leading cause of death.

The proclamation mourns those lost to heart disease, highlights advancements in treatment and prevention, and emphasizes the administration's commitment to lowering healthcare costs and promoting healthier lifestyles.

It encourages Americans to adopt healthy habits and participate in National Wear Red Day on February 7th, 2025.

Imposing Duties to Address the Flow of Illicit Drugs Across Our National Border

President Trump issued an executive order imposing a 25% ad valorem tariff on most Canadian goods and a 10% tariff on energy resources, citing Canada's failure to adequately address the influx of illicit drugs, particularly fentanyl, across the US-Canada border.

This action is framed as a national emergency response to a public health crisis and a threat to national security.

The order includes provisions for potential tariff escalation if Canada retaliates and requires regular reporting to Congress.

The tariffs will be removed upon the President's determination that Canada has taken sufficient action.

Imposing Duties to Address the Synthetic Opioid Supply Chain in the People’s Republic of China

President Donald J. Trump issued an executive order imposing a 10% ad valorem tariff on goods from China to address the national emergency caused by the influx of synthetic opioids.

The order cites China's failure to curb the flow of precursor chemicals and the activities of Chinese criminal organizations involved in the opioid trade.

The tariffs will be removed upon the President's determination that China has taken sufficient action to alleviate the crisis.

The order also directs various government agencies to coordinate efforts to monitor the situation and potentially recommend further actions.

Imposing Duties to Address the Situation at Our Southern Border

President Donald J. Trump issued an executive order imposing a 25% ad valorem tariff on all goods imported from Mexico, citing a national emergency due to the influx of illegal immigrants and drugs.

The order declares that Mexico's failure to sufficiently combat drug trafficking and human smuggling poses an unusual and extraordinary threat to US national security, foreign policy, and economy.

The tariffs are intended to pressure the Mexican government into increased cooperation and will be removed upon a determination that sufficient action has been taken to alleviate the crisis.

The order also details reporting requirements to Congress and specifies that the tariffs are in addition to any existing duties on Mexican imports.