Trump's executive orders initiate a large-scale review of the causes of the US' trade deficits with some of its largest trading partners and order stricter enforcement of USA anti-dumping laws to prevent foreign manufacturers from undercutting U.S. companies by selling goods at an unfair price.
President Donald Trump signed two executive orders on trade Friday - one dealing with a review of the USA trade deficit and another to strengthen anti-dumping rules and enforcement. The disappearing act occurred as a reporter asked the president about his former national security adviser, Michael Flynn. Vice President Mike Pence quickly goes after him, touching Trump on the back.
As a result of the first executive order, the Commerce Department and U.S. trade representative will compile a thorough accounting of the US's trade deficits with its top trading partners within 90 days.
The first order directs the Commerce Department to review the practices that leads to the trade deficit and violations of trade rules.
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It is believed President Trump later signed the measures behind closed doors, but the White House has yet to offer an explanation as to why he walked out of the ceremony. The markets have been wary since Trump threatened Mexico and China, among others, with trade tariffs during his campaign.
The directives will allow Mr Trump to focus on meeting his campaign promises to combat the flow of unfairly traded imports into the U.S. just a week after his pledge to replace Obamacare imploded in Congress.
He also stated that the orders would end any doubt regarding the President's resolve to fix the trade problems.
Vowing that the "theft of American prosperity will end", Trump said Friday that his administration "will take necessary and lawful action" to end trade abuses. Hours after the Wall Street Journal and Bloomberg News reported that the memo signaled a softening of the administration's stance on NAFTA, White House press Secretary Sean Spicer said the memo did not reflect the administration's views. "From now on, those who break the rules will face the consequences, and they'll be very severe consequences". "We are going to get this thing straightened out". "We have been for decades", Ross said. He is confident that the Commerce Secretary would do a fantastic job.
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But, you know, if Flynn says he has a story to tell, they'd better know what that story is going to be. The Fox News headline read, "Former Obama official discloses rush to get intelligence on Trump team".
Ohio Democratic Sen. Sherrod Brown said studies won't create jobs or boost pay for Ohio workers. I really don't care, ' Trump declared. "I'm not thinking about my business or anybody's business". No ne of the folks that we have up here are.
"The well-being of America and the American worker is my North Star", he added.
'I work for the American people, whether you're a Democrat or Republican or belong to no party at all, you are an American.
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