https://www.frontpagemag.com/fpm-plus/trump-takes-on-a-globalist-trading-system-rigged-against-the-u-s/
For decades, U.S. presidents and congressional leaders from both parties rolled over and accepted global trading arrangements that have put the United States at a great disadvantage. The result is that the United States had a $1.2 trillion goods trade deficit in 2024, the largest of which has been with China.
A fact sheet issued by the White House on April 2nd explains the stakes in what amounts to other countries’ economic attacks on America: “Large and persistent annual U.S. goods trade deficits have led to the hollowing out of our manufacturing base; resulted in a lack of incentive to increase advanced domestic manufacturing capacity; undermined critical supply chains; and rendered our defense-industrial base dependent on foreign adversaries.”
President Trump has decided that enough is enough. He is using America’s enormous leverage to pressure its trading partners to ditch their unfair trade barriers and level the playing field. The White House fact sheet calls this “the golden rule on trade: Treat us like we treat you.”
America’s trading partners have imposed tariffs on U.S. goods imported into their countries that are far steeper than the tariffs that the U.S. has imposed on their goods. Even more insidiously, America’s trading partners have erected high non-tariff trade barriers that stifle U.S. companies’ access to their markets. These countries also flood the U.S.’s far more open markets with goods at prices subsidized by foreign governments that American companies cannot compete with.