President Donald Trump storms out of crucial meeting

Donald Trump meets with Chinese President Xi Jinping April 6 at Trump's Mar-a Lago resort. Trump has argued that the U.S.’s trade deficit with China is disproportionately large and has accused the Chinese government of manipulating their currency

On Friday, the Trump administration unveiled two new executive orders on trade.

The first order will instruct the Commerce Department and the U.S. trade representative to compile a report on the sources of the USA trade deficit within 90 days.

He also stated that the orders would end any doubt regarding the President's resolve to fix the trade problems.

The executive orders came a week after Trump's promise to replace Obamacare imploded in Congress and a week before he meets with Chinese President Xi Jinping in Florida, a summit that promises to be fraught with trade tensions. "We're going to defend our industry and create a level playing field for the American worker, finally", the U.S. president said.

"This is a story about under-collection of duties, this is a story about 40 countries that basically subsidise their products and send them into our country or dump their products, and this is about collecting those products and defending American workers and manufacturing", Navarro said.

The report among other things would examine the reasons for trade deficit and to what extent these are caused by "cheating and other inappropriate behaviour", Ross said.

Both Ross and Navarro pointed to steel dumping as an issue affecting the United States trade deficit.

China tops the list, with a $347 billion surplus a year ago, followed by Japan, with a $69 billion surplus, Germany at $65 billion, Mexico at $63 billion, Ireland at $36 billion and Vietnam at $32 billion.

However, Ross said the presence of a deficit does not necessarily mean that retaliatory or remedial action would be taken. The report criticized China's excess industrial capacity and requirements for technology transfers and cyber security, which it said are aimed displacing foreign products with domestic versions.

In remarks from a podium, Trump had earlier said he was stopping the theft of American prosperity with his directives that order the government to fully collect on duties imposed on imports and begin investigations into countries accused of improper trade practices.

The proposals being considered by U.S. customs officials could impose more substantial bonding requirements at the border or examine products' risk more stringently. "It's steel, chemicals, agricultural products, machinery - it's the whole gambit".

Over the years, entrepreneurs have been suspected of setting up new companies in the United States to import goods, often from China, in the months-long period after the government imposes such tariffs but before their exact amount is calculated. But beneath the surface, the moves betrayed a trade policy in disarray, with the administration troubled by staffing deficiencies and a lack of consensus over strategic direction. "It's a very important country, one which the whole world has its eyes on".

"We could do a lot by maximising this enforcement power for our country".

Other countries mentioned in the list were Italy, South Korea, Malaysia, Thailand, France, Switzerland, Taiwan, Indonesia and Canada.

Daily local news headlines from across Gwinnett County. "There is no issue here", he said.

"This includes the United States adopting a prospective collection system to improve the collection of anti-dumping and countervailing duties, which would decrease supply chain uncertainty and enhance U.S. competitiveness".

The US Chamber of Commerce gave the orders a qualified welcome. While portrayed as a new approach, it is the latest in a very long line-up of federal reports on trade.



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