US will reduce more regulations to boost the investment: Trump

Posted by B2B on February 26th, 2020

The US President Donald Trump had said in a statement on Tuesday, 25th February 2020 promising to reduce the regulations in the United States further as he is looking to boost the overseas investment so that it can bring more power to the American economy.

 As he was in meeting with the CEOs of all the major corporations of India, Trump said that a trade deal with India is currently being considered but no other details about it were shared. As he concludes his two-day visit to India, he says "It has been an honour to be here. We have been able to do a lot of business with India and where they will be purchasing helicopters worth USD 3 billion."

 When asked about Prime Minister Narendra Modi, he said that "PM Modi is a very tough man, but at the same time, he is also a very nice man." He further added, "We create jobs here, he creates jobs there (in the US)." The governments can only provide aid for the purpose of creating jobs and the private industry that may actually create new jobs.

 When asked about the regulations in the United States, Trump said that a few of the regulations have to go through a statutory process, but the government will remain committed to reducing a "lot more regulations." He also stated that he is definitely going to win the upcoming US presidential elections as a result of which the markets will boom. He even said that his government has done a lot of work for the economy, healthcare and military of the United States of America.

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