Marie Sapirie examines one of President Trump’s recent executive orders, a White House memorandum, and some scripted remarks to consider what may be in store for tax legislation in 2025.

The president has an ambitious economic plan, starting with trade, and doesn’t appear interested in negotiations—yet.

President Donald Trump Monday put his plan for 25% tariffs on all imports from Mexico on hold for a month after a productive discussion with Mexican president Claudia Sheinbaum, and later made a similar deal with Canada.