The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

White House preparing executive orders on China, manufacturing

Mon, 06th Jul 2020 18:51

(Sharecast News) - The White House is preparing a raft of executive orders on subjects ranging from the People's Republic of China, to manufacturing or immigration and the price of prescription drugs.


In remarks to Fox News, White House chief of staff, Mark Meadows, said: "We've got a number of executive orders.

"We're looking at how we make sure that China is addressed, how we bring manufacturing back from overseas to make sure the American worker is supported. We're also going to look at a number of issues as it relates to immigration, we're going to look at a number of issues as it relates to prescription drug prices and we're going to get them done when Congress couldn't get them done."

Shortly afterwards, the US President, Donald Trump, tweeted: "China has caused great damage to the United States and the rest of the World!"

No details were provided regarding the exact timing or scope of the executive orders.

Meadows later added that incentives for US manufacturing were a priority for the Trump administration as part of the next coronavirus aid package that Congress was set to start negotiating later in July.

Trump was nevertheless also still in favour of a payroll tax cut, he said.

Related Shares

More News
4 May 2024 23:51

Ping An votes against reappointment of HSBC CEO as director, source says

May 4 (Reuters) - China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn...

4 May 2024 08:37

Norway wealth fund to back Barclays CEO, chair at AGM

OSLO, May 4 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays C...

3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out...

3 May 2024 06:30

HSBC facing shareholder pressure over green finance ahead of AGM

(Alliance News) - HSBC Holdings PLC is facing pressure from shareholders over green finance ahead of its annual general meeting.

2 May 2024 13:49

UK dividends calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.