Trump’s New Executive Order will support US Economy

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US President Donald Trump has decided to sign an executive order. He said it will expedite the nation’s economic recovery after the coronavirus pandemic by loosening some governmental regulations. Trump delivered his words during a cabinet meeting at the White House. He said, “We’re fighting for the livelihoods of American workers, and we must continue to cut through every piece of red tape that stands in our way. With millions of Americans forced out of work by the virus, it’s more important than ever to remove burdens that destroy American jobs”. It is noteworthy that the full text of Trump’s executive order wasn’t immediately signed or released to the media.

Donald Trump mentioned the effort as a plan to waive, suspend, and terminate unnecessary regulations that impede economic recovery. He said, “And we want to be able to leave it that way. In some cases, we won’t be able to, but in other cases, we will. Trump has already built a track record on upending environmental and some workforce regulations during his first 3-years in office. He said during a cabinet meeting on Tuesday, “We’ve done more regulation cutting than any president in history. It’s really something”. He said the new executive order would streamline projects and encourage economic development. At least 36 million people have filed unemployment claims in America since the beginning of the Covid-19 pandemic.

President Trump has spent recent days meeting with farmers, restaurant industry executives, and other business leaders affected by the widespread coronavirus. Point to be noted that Trump has a business background and ran as a Republican in favor of deregulation efforts. He said that cutting bureaucracy was a hallmark of his campaign ‘Make America Great’ of 2016. He will contest Democratic nominee Joe Biden on 3^rd November. President Donald Trump said, “We’ve had cases where it would take 20 years to build a highway. I lived with it in the private sector also”. He earlier used executive orders to roll back environmental policies.