President Donald J. Trump has signed a proclamation establishing a temporary import duty, aiming to address ongoing international payment issues and to further efforts to adjust the United States' trade relationships. According to the White House, the country is facing significant problems with its balance of payments, including a substantial deficit.
The administration emphasized that tariffs will remain an important method for safeguarding American interests. The statement read: "Tariffs will continue to be a critical tool in President Trump’s toolbox for protecting American businesses and workers, reshoring domestic production, lowering costs, and raising wages."
Officials stated that this measure is part of ongoing work intended to benefit U.S. workers, farmers, and manufacturers by rebalancing trade ties with other countries.
