Kluwer: Trump’s Reciprocal Tariff Policy, Multinationals, and Investment Treaties

President Donald Trump’s second term has been marked by a shift in the United States (“U.S.”) trade policy. The free trade policy adopted in U.S. foreign relations after World War II was replaced with President Trump’s Reciprocal Tariff Policy, as it was called in Executive Order 14257 of 2 April 2025, which resulted in the imposition of asymmetric tariffs on imports from different countries.