Trump vows a ‘sweeping pro-American overhaul’ of tax, trade policies
“We will eliminate federal contracts for any company that outsources to China,” ~Donald Trump
By
Former President Donald Trump on Monday unveiled a campaign video in which he maligned the Biden administration’s approach to China trade and outlined his own vision for a “sweeping pro-American overhaul” of the nation’s tax and trade policies.
In a Truth Social video, Trump vowed to impose “a system that rewards domestic production and taxes foreign companies and those who export American jobs” and to transition the nation away from “a Biden system that punishes domestic producers and rewards outsourcers.”
The former president proposed “universal base-line tariffs on most foreign products” and to hike tariffs at a rate proportional to a nation’s devaluing of its currency. Trump has long pointed to alleged Chinese currency manipulation as a fact helping Beijing build a competitive edge in trade.
Trump went on to vow a “new strategic national manufacturing
initiative” to bolster American domestic production. He then proposed reforms to remove any and all American economic dependence on China and a four-year plan to phase out Chinese imports of essential goods. That plan would include a wide-ranging array of goods, including electronics and pharmaceuticals.
Getty Images
“We will eliminate federal contracts for any company that outsources to China,” he further vowed.
“Biden will never get the job done,” Trump declared. “He is weak on China because the corrupt Biden family has received millions and millions of dollars from entities tied to the Chinese Communist Party. Everybody knows that.”
Ben Whedon is an editor and reporter for Just the News. Follow him on Twitter.
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