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Economy

Trump to order trade review targeting China, Japan

Studies aimed at identifying, correcting sources of imbalance

WASHINGTON -- U.S. President Donald Tramp is expected to sign a new executive order on Friday aimed at reducing the country's trade deficit with China, Japan and a number of other countries, Commerce Secretary Wilbur Ross told reporters on Thursday.

The order will require relevant authorities to conduct reviews on the fairness of trade practices with partner countries, such as export subsidies and nontariff barriers. If anything deemed unfair is identified, Washington will take action to correct the imbalance in accordance with U.S. domestic law.

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