On November 5, 2024, the United States elected former President Donald Trump to become its 47th president. Following Trump’s re-election, and with Republicans gaining control Congress, U.S. trade policy is expected to undergo several significant changes based on Trump’s previous administration and his campaign promises.
In a recent blog post, our trade team outlines key changes we can expect to see under a second Trump administration, including increased tariffs, increased duties on Chinese imports, continued use of economic sanctions as a key foreign policy tool, increased scrutiny of foreign investments, and expanded export controls on China.