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Budgetary Impact Analysis for Executive Order Entitled “Omnibus Report on Significant Trade Deficits”

April 10, 2017

Statement from OMB Director Mick Mulvaney:

Budgetary Impact Analysis for Executive Order Entitled
“Omnibus Report on Significant Trade Deficits”

This executive order directs the Secretary of Commerce and the United States Trade Representative to prepare and submit a report identifying and assessing foreign trading partners with which the United States had a significant trade deficit in goods in 2016. Implementing this executive order would have a de minimis impact on costs and revenues to the Federal Government. The benefits of this executive order include the creation of a unified report that will give policy makers access to current information regarding unfair trade practices and the causes of United States trade deficits. Implementing this executive order would have a de minimis impact on mandatory and discretionary obligations and outlays, as well as on revenues to the Federal Government, in the 5-fiscal year period beginning in fiscal year 2017. The agencies anticipated to be impacted by this executive order include the Department of Commerce and the United States Trade Representative.