Trump Signs Two Executive Orders on TradeMonday, May 8, 2017
(North American Meat Institute)
President Donald Trump last week signed two executive orders (EO) on trade. The first EO directs a review of all existing trade agreements and the second establishes an Office of Trade and Manufacturing.
EO 13796, “ Addressing Trade Agreement Violations and Abuses ,” instructs the Secretary of Commerce and the U.S. Trade Representative, in consultation with the Secretary of State, the Secretary of the Treasury, the Attorney General and the Director of the Office of Trade and Manufacturing Policy to conduct comprehensive performance reviews of all bilateral, plurilateral and multilateral trade and investment agreements to which the U.S. belongs. The EO also requires reviews of all trade relations with countries governed by the rules of the World Trade Organization with which the U.S. runs significant trade deficits in goods. Reports detailing the findings of the reviews are required to be submitted to the President in 180 days.
EO 13797 establishes the Office of Trade and Manufacturing Policy (OTMP) in the White House, which will be led by National Trade Council Director Peter Navarro. OTMP is tasked with advising the President on policies to bolster economic growth, decrease the trade deficit and strengthen U.S. manufacturing and defense industrial bases.share on facebook share on twitter