Trump’s decisions in the White House are called improving American competition, reducing the country’s major trade shortages and protecting the economy and national security of the United States.
US President Donald Trump aims to announce new steps in the economic sphere. We are talking about initiatives aimed at reducing US trade deficiency and strengthening American business positions in the global market. It was announced on Tuesday, April 1, in a briefing, White House press secretary Caroline Levitt reported.
In particular, Trump plans to create more interesting conditions for companies that make products in the United States. For such companies, according to Levitt, they can cancel tariffs. The government also considers the possibility of reducing taxes and deregulation.
“America will offer companies of the lowest taxes, energy costs, regulations, if they make their products here in the United States and hire workers in America. It’s very simple. If you make your product in America, you don’t pay any tariffs. We’ve already seen how a number of the world’s largest companies are reacting to such an economic strategy,” said Caroline Levit.
He noted that the current system is not useful for the United States, as many countries maintain closed access for American equipment, while the American market remains open.
“Our country is one of the most open economies in the world, and we have the best consumer base. But so many foreign countries have its own markets closed for our export. It is a starting point. The lack of reward contributes to our large and continuing annual lack of trade balance, which destroys our industry and reduces the key labor. ends, ends, ends tomorrow.
Many countries in the world are afraid of the trade war, which began with US president Donald Trump. To protect their economies from negative influence, they discussed the creation of free trading zones. Thus, Japan, China and South Korea are discussing a free trade agreement.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.