A Quote by Donald Trump
America has lost 70,000 factories since China entered the World Trade Organization, WTO, another Bill and Hillary Clinton backed disaster.
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This region [North Carolina] used to be the furniture manufacturing hub of the world. I know because I bought plenty. But the NAFTA deal and then China's entry into the World Trade Organization, another Bill[Clinton] and Hillary[Clinton] backed disaster, have sent those jobs to other countries.
America has lost nearly one-third of its manufacturing jobs since 1997 following the enactment of disastrous trade deals supported by Bill and Hillary Clinton.
America has lost one-third of its manufacturing jobs since NAFTA, a deal signed by Bill Clinton and supported strongly by Hillary Clinton. And by the way, the single worst trade deal ever made in history anywhere.
In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.
It's extraordinary to me - you cannot name a presidential candidate in history who has singlehandedly, through bad trade deals, destroyed more American jobs and more American factories than Hillary Clinton. She did NAFTA, she did China's entry into the World Trade Organization, she did the South Korean 2012 deal - every single one of those.
Hillary Clinton has supported virtually every trade agreement that has been destroying our middle class. She supported NAFTA and she supported China's entrance into the World Trade Organization, another one of her husband's colossal mistakes and disasters. She supported the job-killing trade deal with South Korea. She supported the Trans-Pacific Partnership which will not only destroy our manufacturing, but it will make America subject to the rulings of foreign governments. And it's not going to happen.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.
The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years. China went into the World Trade Organization and agreed to play by certain rules. Instead, they are illegally subsidizing their exports, manipulating their currency, stealing all of our intellectual property, using sweatshops, using pollution havens. What happens is, our businesses and workers are playing that game with two hands tied behind their back.
Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.
What's happened is we have lost, over a period of years, short years, 70,000 factories in America.
The defining moment in American economic history is when Bill Clinton lobbied to get China into the World Trade Organization. It was the worst political and economic mistake in American history in the last 100 years.
NAFTA, signed by her [Hillary Clinton's] husband, is perhaps the greatest disaster trade deal in the history of the world.
During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014.
Donald Trump understands China influence. He's been talking about it since 1980. He understands it. The people that are on the other side of this, including his opponent, Hillary Clinton, have been part of every bad trade negotiation we've had since 1993.
And the reason that I was one of the first, not one of the last to be in opposition to the TPP is that American workers should not be forced to compete against people in Vietnam today making a minimum wage of $0.65 an hour. Look, what we have got to do is tell corporate America that they cannot continue to shut down. We've lost 60,000 factories since 2001. They're going to start having to, if I'm president, invest in this country - not in China, not in Mexico.
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