"Reduce burden" for businesses! Trump publicly calls for replacing quarterly financial reports with semi-annual reports.

President Donald Trump stated that businesses should not be required to submit quarterly earnings reports, but instead should submit reports every six months, as this can save time and costs for companies. Trump posted on social media on Monday: "Upon approval by the Securities and Exchange Commission (SEC), companies and businesses should no longer be required to submit quarterly reports, but instead submit reports every six months. This can save costs and allow managers to focus on running their companies properly." Trump compared the reporting process in the United States to that of China, implying that Beijing has established a more efficient and cost-effective system for Chinese businesses. During his first term as president, Trump also proposed changing quarterly reports to six-month reports for businesses.