Trump signs twin orders to target trade deficits

Washington D.C. [U.S.A.], Apr. 1 : United States President Donald Trump has signed two executive orders to initiate a comprehensive review of U.S.

trade deficits, which would start a process leading to implementation of a framework to collect all import taxes levied on foreign exporters that break global trade rules.

Trump said the two executive orders would set the stage for a revival of American manufacturing. "During the campaign, I travelled the nation and visited the cities and towns devastated by unfair trade policies, probably one of the major reasons I'm here today -- trade.

Nobody has ever made bad trade deals like our country has made," Trump said. The first order directs the Commerce Department to review the practices that leads to the trade deficit and violations of trade rules.

The second order seeks better collection of anti-dumping and countervailing duties, local U.S. media reported. "Thousands of factories have been stolen from country. But these voiceless Americans now have a voice in the White House," Trump said adding that under his administration, the theft of American prosperity will end.

Trump said his administration was going to defend American industry and create a level playing field for the workers.

"President Trump was elected to do everything he can to support American workers and American manufacturers.

Together, these two executive orders are a significant step in accomplishing the President's promise to end unfair trade practices once and for all," White House press secretary Sean Spicer said.

Source: ANI