President Trump’s second-term trade strategy has centered on using broad tariff authorities under IEEPA and Section 122, followed by Section 301 investigations, to pressure partners into reciprocal frameworks known as Agreements on Reciprocal Trade. Multiple bilateral deals or frameworks were reached in 2025–early 2026 with the United Kingdom, Japan, Indonesia, South Korea, the EU, India, Argentina, and several Southeast Asian nations, often reducing baseline tariff rates in exchange for market access and investment commitments. The 2026 Trade Policy Agenda emphasizes continued ART negotiations, enforcement of existing pacts, a USMCA joint review with Canada and Mexico, and new plurilateral efforts on critical minerals supply chains. These developments, alongside ongoing talks with additional partners, shape expectations for further agreements before 2027 while highlighting the administration’s preference for bilateral, modifiable arrangements over traditional congressional-approved pacts.