The order directs federal agencies to support domestic manufacturing and investment. The Department of Commerce is instructed to facilitate investments exceeding $1 billion through the newly established United States Investment Accelerator. The Federal Trade Commission is directed to enforce against false "Made in the U.S.A." claims. The order also outlines new policies including interest deductions for loans on new American-made vehicles and 100% expensing for new factories, equipment, and machinery.

Congressional Republicans pulled together as expected after a few hours of noisy faux-independence and voted to pass the president's signature agenda item: the One Big Beautiful Bill. It's got tax breaks for the wealthy, benefit cuts for the poor, and a ginormous budget bump for the Department of Homeland Security (and a more modest one for the Pentagon). We'll probably learn more of what it's got over the coming days as observers delve into its nooks and crannies. Happy Fourth of July, America.

The order directs federal agencies to implement the General Terms of the United States-United Kingdom Economic Prosperity Deal. This includes creating an annual quota of 100,000 vehicles for UK automotive imports at a 10% tariff rate and negotiating preferential treatment for pharmaceuticals and pharmaceutical ingredients from the UK, contingent on an investigation. The UK has also committed to meeting US requirements on supply chain security for steel and aluminum exports. The order further establishes tariff-free bilateral trade in certain aerospace products.

The president posted on his social network that he had OK'd Nippon Steel's purchase/merger/partnership with U.S. Steel. Trump wrote that the deal would bring $14 billion to the economy and 70,000 jobs. The NY Times notes that U.S. Steel presently employs 22,000 people. President Biden had blocked an earlier effort by Nippon Steel to buy the steelmaker.

The proclamation marks May 22, 2025, as National Maritime Day, honoring the role of the United States Merchant Marine and the maritime industry in national defense and economic strength. It recognizes the historical significance of the S.S. Savannah's transatlantic voyage and the contributions of merchant mariners, including their service during World War II. The proclamation also notes a recent executive order aimed at restoring America's maritime dominance through investment in shipbuilding, regulatory changes, and expanding mariner training. It encourages citizens to observe this day and display the American flag.

The proclamation recognizes National Small Business Week from May 4 to May 10, 2025, highlighting the importance of small businesses to the U.S. economy. It acknowledges the challenges faced by small businesses due to global trade issues and federal policies. The proclamation also mentions the implementation of targeted tariffs to protect American businesses and the Made in America Manufacturing Initiative, which aims to create jobs, secure supply chains, and reduce regulatory burdens by $100 billion.

The order directs federal agencies to adjust the application of certain tariffs on imported goods. It aims to avoid the cumulative effect of overlapping tariffs that apply to the same article, which can exceed what is necessary to achieve intended policy goals. The order outlines the procedure for determining which of multiple tariffs shall apply when an article is subject to more than one tariff. The agencies involved will ensure that tariffs from certain proclamations and executive orders do not "stack" on top of each other.

The order directs federal agencies to prepare Americans for high-paying skilled trade jobs of the future. The Secretaries of Labor, Commerce, and Education are instructed to review all Federal workforce development programs and submit a strategy to optimize these programs, with a focus on in-demand skills of emerging industries. Additionally, these agencies are tasked with expanding Registered Apprenticeships and improving transparency on the performance outcomes of workforce development programs. They are given 90 days to report on strategies to help American workers and 120 days to plan for expanding apprenticeships.

The order directs Federal agencies to address issues impacting American seafood competitiveness. The Secretary of Commerce, consulting with the Secretary of Health and Human Services and the United States fishing industry, is tasked to consider suspending, revising, or rescinding regulations that heavily burden America’s commercial fishing, aquaculture, and fish processing industries. The Secretary of Commerce is also directed to work with Regional Fishery Management Councils to reduce regulatory burdens on the most overregulated fisheries and to solicit public comments for innovative ideas to improve fisheries management and science.

The order directs Federal agencies to reassess the prohibition on commercial fishing within the Pacific Remote Islands Marine National Monument (PRIMNM) boundaries. The National Marine Fisheries Service and the Western Pacific Regional Fishery Management Council are identified as effective managers of regional fisheries. The order finds that appropriately managed commercial fishing would not harm the scientific and historic objects that the PRIMNM protects, and notes that the prohibition on commercial fishing has negatively impacted American fishing fleets and territories dependent on the fishing industry.

The order directs Federal agencies to modify reciprocal tariff rates in response to trading partner retaliation and alignment. If a trading partner retaliates against the U.S. through import duties on U.S. exports or other measures, the Harmonized Tariff Schedule of the United States (HTSUS) may be modified to increase or expand the duties imposed. Conversely, if a trading partner takes significant steps to remedy non-reciprocal trade arrangements and align with the U.S. on economic and national security matters, the HTSUS may be modified to decrease or limit the duties imposed. The order modifies the rate paid by China to 125%. The _de minimus rate, for small shipments, is modified from 90% to 120%. [Editor: The 125% referenced above does not include the 20% tariff ordered previously; the cumulative rate is 145%.]

The order directs Federal agencies to update duties applied to low-value imports from the People's Republic of China. It instructs a modification of the Harmonized Tariff Schedule of the United States (HTSUS) to increase the duties imposed on China in response to their retaliation from 34% to 84%. Additionally, the order mandates an increase of the ad valorem rate of duty (30% to 90%) and the per postal item containing goods duty ($25 to $75), as set forth in prior executive orders, to ensure the efficacy of the imposed tariffs.

The order directs Federal agencies to incorporate a sunset provision into their regulations governing energy production, compelling these agencies to periodically reexamine their regulations to ensure public benefit. The agencies affected include the Environmental Protection Agency (EPA), the Department of Energy (DoE), the Federal Energy Regulatory Commission (FERC), the Nuclear Regulatory Commission (NRC), and several subcomponents of the Department of the Interior and the United States Army. The order applies to all regulations issued under specific statutes, as detailed in the order, by each of these agencies.

The order directs Federal agencies to strengthen the reliability and security of the United States' electric grid. The Secretary of Energy is instructed to streamline processes for issuing orders under section 202(c) of the Federal Power Act during periods of grid operations, and to develop a uniform methodology for analyzing current and anticipated reserve margins for all regions of the bulk power system regulated by the Federal Energy Regulatory Commission. Additionally, the Secretary of Energy is to establish a process by which the methodology and its results are assessed regularly, and a protocol to identify critical generation resources within a region for system reliability.

The order directs Federal agencies including the Treasury, State, Justice, Homeland Security, Defense, Commerce, Labor, Energy departments, the United States Trade Representative, the Director of National Intelligence, and the Director of the Office of Science and Technology Policy to review the proposed acquisition of the United States Steel Corporation by Nippon Steel Corporation, Nippon Steel North America, Inc., and 2023 Merger Subsidiary, Inc. The Committee on Foreign Investment in the United States (CFIUS) is tasked with conducting a de novo, confidential review of the acquisition, identifying potential national security risks, and providing an opportunity for the parties to respond to such concerns.

The order directs Federal agencies, specifically the Department of Commerce, in coordination with the Secretary of the Treasury and the Assistant to the President for Economic Policy, to establish an office named the United States Investment Accelerator within 30 days. The Investment Accelerator is tasked with facilitating and accelerating investments exceeding $1 billion in the United States, by assisting investors in navigating regulatory processes, reducing regulatory burdens, increasing access to national resources, facilitating research collaborations with national labs, and working with State governments to reduce regulatory barriers. The Investment Accelerator will be headed by an Executive Director and will also be responsible for the CHIPS Program Office within the Department of Commerce.

The Federal Deposit Insurance Corporation announced that banks can engage in crypto-related activities without prior approval, undoing a Biden-era mandate. Meanwhile, the Commodity Futures Trading Commission said that digital asset derivatives will be treated the same as other derivatives, eliminating previous uncertainties in the crypto derivatives market.

The order directs Federal agencies to improve financial integrity and operational efficiency. Specifically, the Department of the Treasury is tasked with implementing stronger controls to track transactions through the United States General Fund, requiring additional financial information from other agencies. The order also mandates agencies to provide the Treasury with more detailed data to track transactions, centralizes disbursing functions to the Treasury where possible, and standardizes core Federal financial systems to increase transparency, accountability, and efficiency.

The axed “SPCP” programs targeted historically underserved regions and communities and offered down payment assistance, relaxed credit requirements, closing cost credits, etc, to make buying a home easier.

Immediate Measures to Increase American Mineral Production. Invokes the Defense Production Act to boost domestic mineral production.

3/7/2025: EO:Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.Consolidates seized digital assets currently under federal control.

Addressing the Threat to National Security From Imports of Copper. Directs Commerce, other agencies to assess the national security implications of copper imports and the potential need for measures like tariffs or quotas to protect national security.

America First Investment Policy. Aims to attract foreign investment from U.S. allies while restricting adversarial nations like China. Directs agencies to expedite environmental reviews for major projects.

Establishing the National Energy Dominance Council. Yet another council. This one is tasked with finding ways to open the energy spigot, across government.

Trump II Fires Head of CFPB. Mr Chopra somehow survived for two weeks.

Immediate Assessment of Aviation Safety: Instructs relevant departments to blame Biden, DEI policies for the AA airliner collision.

Trump II Names Trade Hawks Hassett and Greer to Top Trade Posts.

Trump II Names Wall Street Investor Scott Bessent as Treasury Secretary.

Trump II Selects Howard Lutnick as Commerce Secretary.