On Monday, President Trump announced his sweeping reform of the trade policy that would give America more independence from China. After all, America was built on the hallmarks of independence. Over 250 years ago, a bunch of hot-headed, young men banded together and built this country on independence from England. Now, the liberals have crushed the dreams of independence that our Forefathers worked so hard for. But President Trump has come to the rescue. If elected in 2024, he will help American reclaim our independence by crushing trade policies with China.
President Trump unveiled his plans for a “sweeping pro-American overhaul of our tax and trade policy” aimed at helping American production and getting rid of economic dependence on China.
In a campaign video released Monday, Trump took aim at President Joe Biden, stating that despite his claims to be pro-American manufacturing, he is “pushing the same pro-China globalist agenda that ripped the industrial heart out of our country.”
Trump shared his vision “to move from the Biden system that punishes domestic producers and rewards outsourcers to a system that rewards domestic production and taxes foreign companies and those who export American jobs.”
“To achieve this goal, we will phase in a system of universal base-line tariffs on most foreign products. On top of this, higher tariffs will increase incrementally depending on how much individual foreign countries devalue their currency,” Trump said.
He added that taxes on American producers will reduce as the new tariff system is employed, enabling domestic employers to hire more workers.
As tariffs on foreign producers rise, taxes on American producers will decrease very substantially, and that means a lot of jobs coming in.
This plan will be the linchpin of a new strategic manufacturing initiative that builds on my historical success in ending NAFTA (North Atlantic Free Trade Agreement.)
Trump then focused exclusively on China, putting forth a series of policy plans, including phasing out all key imports, to “completely eliminate dependence on China in all critical areas.”
He explained, “We will revoke China’s most-favored-nation trade status and adopt a four year plan to phase out all Chinese imports of essential goods, everything from electronics to steel to pharmaceuticals. This will include strong protections to ensure China cannot circumvent restrictions by passing goods through conduit countries – countries that don’t make a product, but all of the sudden they’re selling a lot of product. It comes right through China, right out China, and right into our country.
We will also adopt new rules to stop U.S. companies from pouring investments into China and to stop China from buying up America… And we will eliminate federal contracts to any company that outsources to China.
The 45th president asserted that Biden “will never get the job done” and that “[h]e is weak on China because the corrupt Biden family has received millions and millions of dollars from entities tied to the Chinese Communist Party.”
#Agenda47: @realDonaldTrump takes a SLEDGEHAMMER to Globalism with America First trade platform for 2nd term.
➡️ Universal Tariffs
➡️ Total Independence From China
➡️ Patriotic Protectionism
➡️ Reviving Mercantilism for the 21st Century pic.twitter.com/nqgFnw1ToI— Trump War Room (@TrumpWarRoom) February 27, 2023