This memorandum does not impose any tariffs on foreign countries directly, contrary to President Trump's promise to do so on Day 1. Instead, it directs cabinet officials and agency heads to review several existing trade policies with countries like Mexico, Canada, and China to investigate the causes of our trade deficit and look for unfair trade practices. It also directs cabinet officials to investigate the feasibility of creating an External Revenue Service to collect tariffs and duties, and make recommendations on several new proposals that could drastically increase prices for American consumers, including a global tariff.