President Donald Trump summoned some of America’s most prominent corporate executives to the White House Thursday and told them he intends to put them to work restoring manufacturing jobs and U.S. dominance in trade. Thursday’s meeting grew out of Trump’s December announcement of an advisory panel on manufacturing.
Trump used the public portion of the meeting to highlight some of the significant inroads he has already made in convincing American corporations to get in-step with his efforts to brings American jobs & Factories back to America from abroad after decades of economic blood-letting under the now-considered failed NAFTA agreement.
Mr. Trump also described what he called “unbelievably bad” trade deals and singled out trade deficits with Mexico and China in particular, noting a $70 Billion trade deficit with Mexico, and a $500 Billion trade deficit with China.
The President vowed to penalize manufacturing sector companies that move jobs outside the U.S. and promised to squeeze more money out of government contracts. Donald Trump has already met with some significant success in this key area of government efficacy and savings and to illustrate the point he cited his talks with Hewson, of Lockheed-Martin, who was seated across from him. On Trump’s watch, thus far, the defense giant has already agreed to slash the price of the 90 joint strike fighters it is selling to the federal government by over $700 million, following repeated criticisms from Trump.
On Trump’s watch the defense giant Lockheed-Martin has already agreed to slash the price of the 90 joint strike fighters it is selling to the federal government by over $700 million
Lockheed-Martin credited Trump’s involvement with accelerating the negotiations and “driving down the price,” according to a statement from the company.
In general the public portion of the meeting seemed very jovial, several leaders expressed ways in which jobs & economic conditions were already improving under the Trump administration, and as each business leader introduced themselves for the press, the sense of them all being rather pleased with Trump’s approach was quite obvious from their remarks and banter.