Washington D.C. (U.S.), May 2 : U.S. President Donald Trump has signed two executive orders on jobs and wealth. Taking to Twitter, Trump said, "#ICYMI- On Saturday I signed two EO's to help keep jobs (and) wealth in our country.
EO1: http:45.wh.gov/kePKzK EO2: http:45.wh.gov/foum7U." Talking about the policy of trade agreement, Trump highlighted the policy which says every trade agreement and investment agreement entered into by the United States and all trade relations and trade preference programs of the United States should enhance the economic growth, contribute favorably to the balance of trade, and strengthen the American manufacturing base.
"Many United States free trade agreements, investment agreements, and trade relations have failed, in whole or in part, to meet these criteria.
The result has been large and persistent trade deficits, a lack of reciprocal treatment of American goods and investment, the offshoring of factories and jobs, the loss of American intellectual property and reduced technological innovation, downward pressure on wage and income growth, and an impaired tax base," the White House quoted Trump as saying.
He said this order shall be implemented consistent with applicable law and subject to the availability of appropriations.
In regard to executive order on establishment of Office of Trade And Manufacturing Policy (OTMP), Trump said it is hereby established within the White House Office, adding that the OTMP shall consist of a Director selected by the President and such staff as deemed necessary by the Assistant to the President and Chief of Staff.
"The mission of the OTMP is to defend and serve American workers and domestic manufacturers while advising the President on policies to increase economic growth, decrease the trade deficit, and strengthen the United States manufacturing and defense industrial bases," a statement from the White House said.