If we expect tariffs to elicit reciprocal tariffs, what should we expect of allowing American firms to bribe foreign officials?
The Guardian has the story:
Trump halts enforcement of US law banning bribery of foreign officials by Léonie Chao-Fong
"Donald Trump signed an executive order on Monday directing the US justice department to halt prosecuting Americans accused of bribing foreign government officials to win business.
"The order instructs the US attorney general, Pam Bondi, to pause prosecutions under the Foreign Corrupt Practices Act of 1977 until she issues revised enforcement guidance that promotes American competitiveness.
...
"According to the White House, the law puts US firms at a disadvantage to foreign competitors because they cannot engage in practices that are “common among international competitors, creating an uneven playing field”.
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"Trump signed the order in the Oval Office in front of reporters. “It’s going to mean a lot more business for America,” he said.
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