The orders also will focus on stricter enforcement of the USA anti-dumping laws and countervailing duties, or the penalties imposed on foreign governments who violate trade rules, as well as pirated and counterfeited intellectual property owned by United States companies.
"If anyone had any doubt about the president's resolve to fix the trade problems, these two executive orders should end that speculation now and for all time", Ross said during the ceremony.
The second executive order calls for the first-ever comprehensive review of America's trade deficits and all violations of trade rules that harm the USA and the workers of the US. Commerce Secretary Wilbur Ross will lead the review.
In his remarks, Trump cited a recent survey showing a rise in optimism across the manufacturing industry and said his new orders are part of his follow-through on a campaign promise to bring back American jobs.
The US has a massive trade imbalance of USD 347 billion with China, followed by Japan with USD 68.9, Germany (USD 64.9), Mexico (USD 63.2 billion), Ireland (USD 35.9 billion) and Vietnam (USD 32 billion).
Both Navarro and Ross said trade "cheating" has disadvantaged American manufacturers and workers, and resulted in the United States failing to collect $2.8 billion in import taxes since 2001.
Critics counter that although the U.S. runs a deficit with some countries, no nation has benefited more from current global trading arrangements than its only superpower.
The executive orders, however, may have rekindled fears Trump's administration could set off new trade frictions with China.
"My view is that the United States is about the least protectionist of the major countries-and that China is one of the most protectionist", Ross said. Despite the statement from Spicer, the memo showed that some in the Trump administration are pushing to soften its stance on trade issues, these people said.
Hussein Obama's Federal Bureau of Investigation had "Secret" FISA Warrant to Surveill Key Trump Advisor
But the information obtained through the intercepts can be used to open a criminal investigation and may be used in a prosecution. The FBI and the Justice Department obtained the warrant targeting Carter Page's communications.
Trump also reiterated his resolve to root out unfair trade practices from the world and warned that those breaking the rules will face consequences.
"We are going to investigate all trade abuses, and based on those findings we will take necessary and lawful actions to end those many abuses", said Trump.
The executive orders came a week before Trump is holding his first meeting with China's President Xi Jinping, but officials insisted the measures were not meant to put the communist country on notice.
"It's a little bit hard to say that someone is an evil-doer if they are providing a product we can't", he said.
"The report will demonstrate the administration's intention not to hip-shoot, not to do anything casual, not to do anything abruptly, but to take a very measured and analytical approach", he said.
Ross said the review would provide the administration with a clearer picture of who is abusing the system by engaging in unfair trade practices.
The orders will also target enforcement of pirated and counterfeited intellectual property owned by US companies, he said.
Both Ross and Navarro also made clear that both executive orders would tackle the sources of the US' trade deficit with China, which Trump argues has led to the loss of millions of USA jobs and the decline of U.S. manufacturing.