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An informal Republican document shows more taxes on trade partners — especially China — could be on the way.
![President Donald Trump speaking in front of an American flag](https://www.moneytalksnews.com/workers/images/width=1920/wp-content/uploads/2025/02/11165408/shutterstock_2430067293-scaled.jpg?s=72af5ae3c3d1101edf6c436ee8dc7efdd511f26c49596e36b3888afb9256e75d)
President Donald Trump has had a busy first month in office, issuing a number of executive orders, including tariffs against U.S. trading partners. This has resulted in retaliatory tariffs being placed against the U.S. Most recently, Trump signed off on a 25% tariff on steel and aluminum, which is set to take effect on March 12. But Republicans’ plans for tariffs don’t stop there.