President Trump busted right out of the gate on Monday by unveiling a bold America First trade policy approach for a second presidential term that would end the United States’ dependence 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.
“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.
“Very simply,” he explained, “the Biden agenda taxes America to build up China. China is the big beneficiary. We cannot let that happen.”
Trump’s trade platform, which would revisit the core tenants of 21st-century mercantilism, would also implement the following policies:
- 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.
In his policy video, Trump explained, “My agenda will tax CHINA to build up AMERICA. The heart of my vision is a sweeping pro-American overhaul of our tax and trade policy 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. They will be rewarded and rewarded greatly. And our country will benefit.”
Via his campaign, the high tariffs on foreign producers “will be the linchpin of a new Strategic National Manufacturing Initiative that will rebalance the global trading system and dramatically strengthen America.”
Trump’s powerful trade policy pitch comes shortly after he slammed China for their foreign incursion here via spies that have been clandestinely embedded into U.S. society. Per RSBN, he promised to direct the DOJ and the FBI to hunt down Chinese spies by restarting his Chinese Espionage Task Force if elected again in 2024.
Trump’s trade platform for a potential second term is a bold extension of his promise to deter Chinese power and aggression.