19 May 2026 00:00 UTC · The White House · White House Statement · Source · Email X Link

The White House says reestablished trade policy restores prosperity

Key points

Reestablished trade policy uses strategic tariffs to revive manufacturing
Secured over 20 new trade deals and reduced the trade deficit

TL;DR

Strategic tariffs secured trillions in manufacturing investments and accelerated production returns to the United States.
Over 20 new trade deals opened markets for American goods and helped decrease the trade deficit.
American factories and workers are returning, supply chains are strengthened, and consumer costs are falling.

Original text

America has built the world’s most powerful economy through the strength of our industries, the genius of our innovators, and the promise of fair and reciprocal trade. During World Trade Week, we renew our commitment to expanding American prosperity through strong trade policies that once again put our workers, our businesses, and our Nation first. For more than a century, America has dominated the global stage as the world’s leading economic superpower through our innovative spirit and advanced manufacturing, sustained by the grit and determination of the most productive workforce in history. But as American workers and industries flourished, foreign competitors began to flood our markets with cheap imports while shutting out our producers at home. For decades, gutless politicians handed away our prosperity in the name of free trade—undercutting our workers, hollowing out our factories, and weakening the industries that made our Nation great. Weak leaders accepted the flight of American production overseas as the price of doing business with the world while freer markets never became fairer ones. Under my leadership, the days of economic surrender are over. No longer will American innovation be exploited by foreign nations who undermine our workers, steal our jobs, and weaken our supply chains. That is why I have reestablished a trade policy that liberates America from unfair trade practices and reclaims our Nation’s wealth. Through the use of strategic tariffs, my Administration has secured trillions of dollars in manufacturing investments, significantly decreased our trade deficit, and accelerated the return of production to our shores. In addition to these monumental victories, we have secured over 20 new trade deals with major world partners, opening new markets for American goods and strengthening our Nation’s position at the center of the global economy. These deals mean more supply; a growing world demand for American products; and, ultimately, lower prices on the everyday goods Americans depend on—from groceries and building supplies to medicine and machinery. American factories are reopening, American workers are returning to good-paying jobs, industries that were stripped from our communities are coming home, costs of living are dropping, and our Nation’s prosperity is flourishing. Together, we are proving to the world that the strength of America’s trade economy is back—and we are once again safeguarding our success, reasserting our economic independence, and putting the interests of the American people first. America will continue to lead this new era of fair competition, innovation, and prosperity for our Republic for centuries to come.

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