Taiwan on list of 16 countries facing trade practices investigation
Taiwan News
Date: 2017/03/31
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Taiwan was one of 16 countries to be investigated for its
(By Associated Press)
contribution to the United States trade deficit in an executive order to be signed by President Donald Trump Friday, reports said.
During last year’s presidential election campaign, Trump took a line which was widely interpreted as heralding a more protectionist and less globalist approach to trade.
One executive order will lead to a 90-day study of abusive trade practices contributing to the nearly US$50 billion U.S. trade deficit. The Commerce Department and the U.S. trade representative will do a country-by-country and product-by-product accounting of the reasons for the imbalance, the New York Times wrote. Officials said they would look for signs of cheating, lax enforcement, inappropriate behavior, currency manipulation and other irregular practices. [FULL STORY]