Trump to sign executive orders targeting trade abuses

Posted April 08, 2017

Mr Trump sharply criticised China during his presidential campaign for what he described as unfair Chinese trade practices.

"China has been taking out massive amounts of money & wealth from the U.S. in totally one-sided trade, but won't help with North Korea", then president-elect Trump wrote in January.

Wang Xiangwei, the former editor-in-chief of the South China Morning Post (SCMP), believes that the establishment of a strong personal connection between the two leaders is paramount in enhancing the strategic mutual trust between China and the United States amid increased challenges.

Mr Xi will travel to the U.S. next week and will have his first face-to-face meeting with Mr Trump at Mar-a-lago, the United States president's country club in Florida, from April 6th to 7th. "American companies must be prepared to look at other alternatives".

Separately, the U.S. Trade Representative's office, which is controlled by the White House, said Beijing's industrial policies and financial support for industries such as steel and aluminum have resulted in over-production and a flood of exports that have distorted global markets and undermined competitive companies.

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The best outcome for the Trump administration, Dollar said, would be claiming "we talked tough to the Chinese and told them what to expect".

The report would identify "every form of trade abuse and every non-reciprocal practice that now contributes to the US trade deficit", said Commerce Secretary Wilbur Ross.

"We're going to investigate all trade abuses, and, based on those findings, we will take necessary and lawful action to end those many abuses", Trump said.

Despite Trump's campaign rhetoric, Ross said the report would not focus extensively on currency manipulation, which is under the purview of the U.S. Treasury Department.

Trump tweeted Thursday evening that his first meeting with the Chinese leader would "be a very hard one in that we can no longer have massive trade deficits. and job losses".

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Officials will have 90 days to produce a country-by-country, product-by-product report that will serve as the basis of future decision-making by the administration on trade-related issues.

Trump predicted "a very difficult" meeting in a tweet just hours after both governments announced the summit. We'll get the view from China in a moment from our Beijing correspondent, but first here's NPR's White House correspondent Scott Horsley. And while President-elect Trump took a provocative phone call from the leader of Taiwan, which Beijing considers a breakaway province, Trump later reaffirmed the one-China policy in a telephone call with Xi Jinping.

"We've under collected 2.8 billion of these duties" said Peter Navarro, a top Trump trade advisor outlining the plan. China is a primary source of steel dumping in the U.S., which has disrupted the domestic market for steel and hurt USA steel manufacturers.

Writing for CNN, Jeremy Diamond reminds his readers that one of the central tenets of Trump's agenda moving forward is recalibrating US trade relationships.

The yuan fell 6.5 percent past year in its biggest annual loss against the dollar since 1994, knocked by pressure from sluggish economic growth and a broadly strong USA currency. Navarro also noted that China accounts for about one-third of anti-dumping cases.

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"I think Trump will realize that fundamentally a stable and productive U.S".