Larry Kudlow says the U.S. economy will keep growing at a strong pace this year despite the weakness seen in recent economic reports.
President Donald Trump greets members of the military and their families after stepping off Air Force One at Offutt Air Force Base, Nebraska on June 11, 2019.President Donald Trump on Tuesday was expected to sign an executive order meant to lighten regulations and cut costs associated with biotechnology plants, CNBC has learned.
The order would pressure international trading partners — including China — to lift barriers in that area of the biotech industry, which creates products such as pesticides and genetically engineered plants bred to resist diseases, sources told CNBC. The order was viewed as a more aggressive step to take against China in support of U.S. agriculture, even as the Trump administration's trade war threatens American farmers' bottom lines, the sources said.
U.S. soybean farmers in particular are affected by regulations that keep them from selling genetically modified products in some international markets, including China, Brazil and the European Union, without certain clearances.
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