Investors uncertain over newly minted President Donald J. Trump’s policies pushed US stocks down. It did not help that corporate results in the quarter were mixed. Losses were made up at first due to the briefing given by Trump administration officials. The event was hosted by Sean Spicer, the Press Secretary. The announcement came after nationwide protests against President Trump. The losses then started again when the markets headed to closing time. According to Maris Ogg of Tower Bridge Advisors, it is early days for Trump administration and pointed out that until now it was less action and more about sound bites.
President Trump fulfilled one of the many promises he made during his campaign. He officially took the United States out of Trans-Pacific Partnership or TPP. The agreement was not ratified by Congress.
President Trump has pledged to slash regulations by about 75 percent and also the renegotiation of trade deals during meeting with leaders of business. Attending the meeting was Dow Chemical and Ford Motor honchos. The subject of discussion was ways to generate more American jobs and give a fillip to the American economy. He also set up meetings with Mexican and Canadian leaders. The new US President hosted Theresa May, the Prime Minister of the United Kingdom. The UK and the US will begin work immediately on a new negotiating pact to pave the way for a full trade deal to come into force after Brexit.