AMERICA FIRST: TRUMP PRESENTS ANTI-GLOBALIST TRADE POLICY AGENDA THAT WILL END DEPENDENCE ON CHINA
AMERICA FIRST: TRUMP PRESENTS ANTI-GLOBALIST TRADE POLICY AGENDA THAT WILL END DEPENDENCE ON CHINA
On Monday, Trump launched a bold America First trade policy agenda for a second presidential term that would reduce the United States’ reliance on China.
“Joe Biden claims to support American manufacturing, but in reality, he’s pushing the same pro-China, globalist agenda that ripped the industrial heart out of our country,” Trump stated.
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“It ripped us apart. Biden and the globalists support raising taxes on American production, they support more crippling regulations, killing American jobs, they support skyrocketing domestic energy costs, and they support massive, anti-American, multinational agreements that send our wealth and factories overseas,” he continued.
“Quite simply,” he added, “the Biden strategy taxes America to build up China. China stands to benefit the most. We cannot allow it to happen.”
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Trump’s trade program would also implement the following policies, which would reexamine the key principles of 21st-century mercantilism:
- Impose tariffs on foreign producers rather than raising taxes on American citizens. The tariffs “will increase incrementally if other countries manipulate their currency or otherwise engage in unfair trading practices,”
- Revoke China’s “Most Favored Nation” trade status and “adopt a 4-year plan to phase out all Chinese imports of essential goods – everything from steel to pharmaceuticals,”
- Ban federal contracts for companies that outsource to China and establish new rules to halt U.S. companies from investing in China,
- Stop China from buying up American land.
“My strategy will tax CHINA to build up AMERICA,” Trump said in his policy video. The heart of my vision is a broad pro-American overhaul of our tax and trade policies to shift away from the Biden system, which penalizes domestic producers while rewarding outsourcers, and toward a system that REWARDS domestic production while taxing foreign companies and those who export American jobs. They will be rewarded, and abundantly rewarded. And our country will thrive as a result.”
High tariffs on foreign producers, according to his campaign, “will be the foundation of a new Strategic National Manufacturing Plan that would rebalance the global economic system and profoundly empower America.”
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Trump’s forceful trade policy argument comes only days after he chastised China for its foreign intrusion into the United States via spies who have infiltrated American culture. According to RSBN, if re-elected in 2024, he would urge the DOJ and the FBI to seek Chinese spies by reactivating his Chinese Espionage Task Force.
Trump’s trade policy for a possible second term is an audacious expansion of his pledge to resist Chinese dominance and aggression.