March 31 | By: Gregory Korte.
President Trump will sign two executive orders attacking the nation’s trade deficit on Friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.
Administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history.
“These actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise,” Commerce Secretary Wilbur Ross told reporters at the White House Thursday night. He’ll be charged with leading a three-month effort to identify the underlying causes of the trade deficit by country, product and industry — a study that could lead to legal action or renegotiation of trade deals.
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