President Donald J. Trump has announced measures to bolster American competitiveness and security through adjustments in the enforcement of the Foreign Corrupt Practices Act (FCPA). According to the administration, excessive FCPA enforcement has previously placed American companies at a disadvantage internationally.
The President's approach emphasizes prioritizing American economic and security interests. Since taking office, Trump has signed executive actions aimed at enhancing U.S. economic competitiveness. These include an Executive Order to boost U.S. leadership in artificial intelligence and imposing tariffs on Mexico, Canada, and China as protective measures for American citizens.
Additionally, President Trump has implemented a deregulation initiative that mandates each new regulation be justified by clear benefits, with a goal of cutting ten regulations for every new one introduced.
Trump also renegotiated trade agreements such as the United States-Mexico-Canada Agreement (USMCA) to secure improved terms for American workers and businesses. His administration is focused on reducing regulatory burdens that hinder U.S. business operations globally.
In his statement, President Trump said: “We have to save our country. Every policy must be geared toward that which supports the American worker, the American family, and businesses, both large and small, and allows our country to compete with other nations on a very level playing field…”
