US President Donald Trump is launching a campaign to pinpoint nations and goods responsible for his country’s huge trade deficit. It’s a protectionist warning shot directed at trade partners like China and Germany.Top administration officials said Donald Trump would issue a pair of executive orders on Friday “aimed at rooting out the causes and culprits” behind the US’ over $500-billion (470-billion-euro) annual trade deficit. Pundits see this as a first move to convert recent tough trade rhetoric into action. Commerce Secretary Wilbur Ross said one of the forthcoming orders would result in analysts going “country by country and product by product” to report back to Trump within 90 days. Gabriel said the US seemed prepared to give US companies “unfair competitive advantage” over European producers, even though this violated international trade legislation.

Source: Daily News Egypt March 31, 2017 13:07 UTC