The Donald Trump trade doctrine is this. America will trade with any country, so long as that deal meets these three criterion: You increase the GDP growth rate, you decrease the trade deficit, and you strengthen the manufacturing base.
I'm supporting Donald Trump because Donald Trump is against this trade deal, this Trans Pacific Partnership, this job-killing trade deal that is going to bring cheap labor into this country.
This is what Donald Trump understands. This is the trade deficit. We run a trade deficit of close to $800 billion a year.
[Donald Trump rhetoric]this is a common rhetorical line used by people who are against free trade that say, we're in favor of trade; we just don't like any of the free trade deals that America has actually signed onto.
That level of trade deficit throttles real growth in our country and continues the unfortunate path of selling out America. We are not winning the global trade war, we are losing it badly.
We're at the start of the process of talking about a trade deal. We're both very clear that we want a trade deal. It will be in the interests of the UK from my point of view, that's what I'm going to be taking in, into the trade discussions that take place in due course. Obviously [Donald Trump] will have the interests of the US. I believe we can come to an agreement that is in the interests of both.
If a trade deficit is determined solely by rates of savings and investment, then the U.S. trade deficit will be impervious to a get-tough trade policy. Slapping higher tariffs on imports will only deprive foreigners of the dollars they would have earned by selling in the U.S. market.
The far more likely Trump scenario is this: Chinese leaders realize they no longer have a weak leader in the White House; China ceases its unfair trade practices. America's massive trade deficit with China comes peacefully and prosperously back into balance, and both the U.S. and Chinese economies benefit from trade.
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.
Three year sof unconditional MFN have not lead to any subtantial improvement in human rights, trade and nuclear proliferation practice of the Chinese government. In addition to the trade barriers, China has marred our trade relationship wit prison labor or export and other unfair trade practices.
Trade wars aren't started by countries appealing to respected, independent trade authorities. Rather, trade wars begin when one country decides to violate international trade rules to undercut another country's industries.
Third, we will make trade work for America by forging new trade agreements. And when nations cheat in trade, there will be unmistakable consequences.
I concluded that the trade agreements weren't working as promised, and was depreciating the wages and the manufacturing base, and the jobs of Americans, and that both needed to change, and Donald Trump was out there. So I went to his rally.
I actually do not believe that Trump is anti-trade as such. He himself was a life-long trader in his own area, the real estate sector. And hasn't he just closed an arms deal with the Saudis valuing over $100 billion? The difference is that Trump sees trade as something with a winner and a loser. This seems to be a theme of his, and that makes us different. For us, trade is something where both sides win.
We want trade agreements that aid development and increase prosperity, growth and productivity at home and in our trade partner countries.
I support free trade. Donald Trump supports free trade.Trade means jobs. Jobs in the United States, jobs in my home state of Indiana are supported by international exports.
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.