{"id":1544,"date":"2025-03-31T04:30:16","date_gmt":"2025-03-31T04:30:16","guid":{"rendered":"https:\/\/www.rbc.com\/en\/tl\/liberation-day-americas-trade-war-enters-a-new-phase\/"},"modified":"2026-07-08T16:10:34","modified_gmt":"2026-07-08T16:10:34","slug":"liberation-day-americas-trade-war-enters-a-new-phase","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/thought-leadership\/geopolitics-trade-and-the-economy\/liberation-day-americas-trade-war-enters-a-new-phase\/","title":{"rendered":"“Liberation” Day: America\u2019s trade war enters a new phase"},"content":{"rendered":"\n\n\t\t\t
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It has been 70 days since U.S. President Donald Trump directed eight federal agencies to commence the review, design and implementation of his America First Trade Policy (link<\/a>). In total, over 20 investigations have progressed concurrently, to be delivered to the President on April 1.<\/p>\n\n\n\n

While the final \u201creciprocal\u201d tariffs are most likely a catch-all trade response to these investigations, their recommendations will shape the course of the Administration\u2019s trade path over the next four years. In essence, we are entering a new phase \u2013 one (hopefully) out of a sprint and into a more measured pace, across six key trade themes that extend beyond the use simple tariffs as identified in the graphic below.<\/p>\n\n\n\n

To get a sense of what to expect over the next few months from a hawkish Washington, read John Stackhouse\u2019s interview with Steve Verheul, Canada\u2019s Chief Trade Negotiator in the renegotiation of NAFTA (now CUSMA), on how he sees the trade war playing out. For more, see\u00a0here<\/a>.<\/p>\n\n\n\n

Trump\u2019s America First Trade Policy<\/h3>\n\n\n\n

Trade Investigations Due April 1<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Source: whitehouse.gov<\/p>\n\n\n\n