Executive Orders: Trading Practices and Deficits Address

executive orders: China, Japan and other countries with which the United States incurs hefty deficits will be subject to the review, ordered just ahead of the first summit between Trump and Chinese President Xi Jinping this week and the first round of a high-level economic dialogue between the United States and Japan later this month, according to The Japan Times. The second order directs officials to step up collection of anti-dumping and countervailing duties levied against illegally subsidized foreign products. The action, put in motion by one of a pair of executive orders signed by the president, is part of his administration's efforts to reduce America's deficits and address what it says are unfair trading practices. Speaking to reporters before signing the orders, Trump said the actions will set the stage for a great revival of American manufacturing. The Commerce Department and the Office of the U.S. Trade Representative USTR will undertake the study on U.S. trade deficits and report its findings to Trump in 90 days. Trump, who has pledged to promote fair trade under his America First mantra, said he will defend American industry and create a level playing field for American workers. (news.financializer.com). As reported in the news.