Donald Trump Releases Foreign Trade Policy With China

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Donald Trump just put it out there: THIS is what he is going to do in regards to China and our trade deals with them, an indicator of how his global foreign policies will be administered.

The full text of his platform is below, but here are the highlights:

HOW WE GOT HERE

Bill Clinton’s addition of China into the World Trade Organization in 2000 was supposed to be a good deal for America. Our products would get better access to China’s market, and every sector from agriculture to automobiles to telecommunications would be affected, but China would get no new market access to the US. According to Trump (and history!) None of what Clinton promised came true. “Since China joined the WTO, Americans have witnessed the closure of more than 50,000 factories and the loss of tens of millions of jobs. It was  not a good deal for America then and it’s a bad deal now. It is a typical example of how politicians in Washington have failed our country.”

THE PLAN: FIGHT FOR AMERICAN BUSINESSES AND WORKERS

When Donald J. Trump is president, China will be on notice that America is back in the global leadership business and that their days of currency manipulation and cheating are over. We will cut a better deal with China that helps American businesses and workers compete.

WHAT THE PLAN WILL ACHIEVE

  1. Bring China to the bargaining table by immediately declaring it a currency manipulator.
  2. Protect American ingenuity and investment by forcing China to uphold intellectual property laws and stop their unfair and unlawful practice of forcing U.S. companies to share proprietary technology with Chinese competitors as a condition of entry to China’s market.
  3. Reclaim millions of American jobs and reviving American manufacturing by putting an end to China’s illegal export subsidies and lax labor and environmental standards. No more sweatshops or pollution havens stealing jobs from American workers.
  4. Strengthen our negotiating position by lowering our corporate tax rate to keep American companies and jobs here at home, attacking our debt and deficit so China cannot use financial blackmail against us, and bolstering the U.S. military presence in the East and South China Seas to discourage Chinese adventurism.

 

 

Now, the full text of this powerful, bold policy.

 

In January 2000, President Bill Clinton boldly promised China’s inclusion in the World Trade Organization (WTO) “is a good deal for America. Our products will gain better access to China’s market, and every sector from agriculture, to telecommunications, to automobiles. But China gains no new market access to the United States.” None of what President Clinton promised came true. Since China joined the WTO, Americans have witnessed the closure of more than 50,000 factories and the loss of tens of millions of jobs. It was  not a good deal for America then and it’s a bad deal now. It is a typical example of how politicians in Washington have failed our country.

The most important component of our China policy is leadership and strength at the negotiating table. We have been too afraid to protect and advance American interests and to challenge China to live up to its obligations. We need smart negotiators who will serve the interests of American workers – not Wall Street insiders that want to move U.S. manufacturing and investment offshore.

The Goal Of The Trump Plan: Fighting For American Businesses And Workers

America has always been a trading nation. Under the Trump administration trade will flourish. However, for free trade to bring prosperity to America, it must also be fair trade. Our goal is not protectionism but accountability. America fully opened its markets to China but China has not reciprocated. Its Great Wall of Protectionism uses unlawful tariff and non-tariff barriers to keep American companies out of China and to tilt the playing field in their favor.

If you give American workers a level playing field, they will win. At its heart, this plan is a negotiating strategy to bring fairness to our trade with China. The results will be huge for American businesses and workers. Jobs and factories will stop moving offshore and instead stay here at home. The economy will boom. The steps outlined in this plan will make that a reality.

When Donald J. Trump is president, China will be on notice that America is back in the global leadership business and that their days of currency manipulation and cheating are over. We will cut a better deal with China that helps American businesses and workers compete.

The Trump Plan Will Achieve The Following Goals:

  1. Bring China to the bargaining table by immediately declaring it a currency manipulator.
  2. Protect American ingenuity and investment by forcing China to uphold intellectual property laws and stop their unfair and unlawful practice of forcing U.S. companies to share proprietary technology with Chinese competitors as a condition of entry to China’s market.
  3. Reclaim millions of American jobs and reviving American manufacturing by putting an end to China’s illegal export subsidies and lax labor and environmental standards. No more sweatshops or pollution havens stealing jobs from American workers.
  4. Strengthen our negotiating position by lowering our corporate tax rate to keep American companies and jobs here at home, attacking our debt and deficit so China cannot use financial blackmail against us, and bolstering the U.S. military presence in the East and South China Seas to discourage Chinese adventurism.

Details of Donald J. Trump’s US China Trade Plan:

Declare China A Currency Manipulator

We need a president who will not succumb to the financial blackmail of a Communist dictatorship. President Obama’s Treasury Department has repeatedly refused to brand China a currency manipulator – a move that would force China to stop these unfair practices or face tough countervailing duties that level the playing field.

Economists estimate the Chinese yuan is undervalued by anywhere from 15% to 40%. This grossly undervalued yuan gives Chinese exporters a huge advantage while imposing the equivalent of a heavy tariff on U.S. exports to China. Such currency manipulation, in concert with China’s other unfair practices, has resulted in chronic U.S. trade deficits, a severe weakening of the U.S. manufacturing base and the loss of tens of millions of American jobs.

In a system of truly free trade and floating exchange rates like a Trump administration would support, America’s massive trade deficit with China would not persist. On day one of the Trump administration the U.S. Treasury Department will designate China as a currency manipulator. This will begin a process that imposes appropriate countervailing duties on artificially cheap Chinese products, defends U.S. manufacturers and workers, and revitalizes job growth in America. We must stand up to China’s blackmail and reject corporate America’s manipulation of our politicians. The U.S. Treasury’s designation of China as a currency manipulator will force China to the negotiating table and open the door to a fair – and far better – trading relationship.

End China’s Intellectual Property Violations

China’s ongoing theft of intellectual property may be the greatest transfer of wealth in history. This theft costs the U.S. over $300 billion and millions of jobs each year. China’s government ignores this rampant cybercrime and, in other cases, actively encourages or even sponsors it –without any real consequences. China’s cyber lawlessness threatens our prosperity, privacy and national security. We will enforce stronger protections against Chinese hackers and counterfeit goods and our responses to Chinese theft will be swift, robust, and unequivocal.

The Chinese government also forces American companies like Boeing, GE, and Intel to transfer proprietary technologies to Chinese competitors as a condition of entry into the Chinese market. Such de facto intellectual property theft represents a brazen violation of WTO and international rules. China’s forced technology transfer policy is absolutely ridiculous. Going forward, we will adopt a zero tolerance policy on intellectual property theft and forced technology transfer. If China wants to trade with America, they must agree to stop stealing and to play by the rules.

Eliminate China’s Illegal Export Subsidies And Other Unfair Advantages

Chinese manufacturers and other exporters receive numerous illegal export subsidies from the Chinese government. These include – in direct contradiction to WTO rules – free or nearly free rent, utilities, raw materials, and many other services. China’s state-run banks routinely extend loans these enterprises at below market rates or without the expectation they will be repaid. China even offers them illegal tax breaks or rebates as well as cash bonuses to stimulate exports.

China’s illegal export subsidies intentionally distorts international trade and damages other countries’ exports by giving Chinese companies an unfair advantage. From textile and steel mills in the Carolinas to the Gulf Coast’s shrimp and fish industries to the Midwest manufacturing belt and California’s agribusiness, China’s disregard for WTO rules hurt every corner of America.

The U.S. Trade Representative recently filed yet another complaint with the WTO accusing China of cheating on our trade agreements by subsidizing its exports. The Trump administration will not wait for an international body to tell us what we already know. To gain negotiating leverage, we will pursue the WTO case and aggressively highlight and expose these subsidies.

China’s woeful lack of reasonable environmental and labor standards represent yet another form of unacceptable export subsidy. How can American manufacturers, who must meet very high standards, possibly compete with Chinese companies that care nothing about their workers or the environment? We will challenge China to join the 21 st Century when it comes to such standards.

The Trump Plan Will Strengthen Our Negotiating Position

As the world’s most important economy and consumer of goods, America must always negotiate trade agreements from strength. Branding China as a currency manipulator and exposing their unfair trade practices is not enough. In order to further strengthen our negotiating leverage, the Trump plan will:

  1. Lower the corporate tax rate to 15% to unleash American ingenuity here at home and make us more globally competitive. This tax cut puts our rate 10 percentage points below China and 20 points below our current burdensome rate that pushes companies and jobs offshore.
  2. Attack our debt and deficit by vigorously eliminating waste, fraud and abuse in the Federal government, ending redundant government programs, and growing the economy to increase tax revenues. Closing the deficit and reducing our debt will mean China cannot blackmail us with our own Treasury bonds.
  3. Strengthen the U.S. military and deploying it appropriately in the East and South China Seas. These actions will discourage Chinese adventurism that imperils American interests in Asia and shows our strength as we begin renegotiating our trading relationship with China. A strong military presence will be a clear signal to China and other nations in Asia and around the world that America is back in the global leadership business.

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What say you to this?! Is it brilliant, or will it doom our nation?

 

https://www.donaldjtrump.com/positions/us-china-trade-reform

Categories: Policies

9 Comments

  1. Pingback: TrumpStump2016 – Foreign Policy With China | Exposing Modern Mugwumps

  2. Kathy Jo Rudnicki

    I saw Donald Trump 8-25-15 in Dubuque I have been addicted ever since
    I Facebook Donald Trump
    I Twitter Donald Trump
    I Pinterest Donald Trump
    I spend my day and my night trying to make
    America see that Donald Trump is for you and me. Donald Trump is going to make
    History! I believe in my heart and soul
    That Donald Trump is the way to go.
    So wake up America and just look and see
    that Donald’s views on America are the
    Greatest out there for you and me!

    Reply
  3. That being what it is, Im not sure your format is going to attract much anti-Trump sentiment
    Even if you want it for the mental challange,or as a check to blind following you or I might be susceptible to.
    As far as what Mr Trump expects, he has stated that he goes into any negotiation asking for about 300% of what he expects to come out with.
    He anticipates resistance, and takes adequate countermeasures before negotiations even begin.
    Even if he doesnt get 100% of the outset goal, there is built in room for both sides to win.
    I am convinced he IS the man for our times!
    -Marvin Hill

    Reply
  4. If you are pro trump

    Why do you always end with these nagging doubt
    Questions

    Doom, really?

    Failure to press for Fair as well as free spells. Eventual doom

    Others just fail to recognize this or are avtively pursuing the failure of sovereign rule of the people by the people that makes America exceptional

    – MarvinHill
    Unhypenated-American

    Reply
    • Marvin, my goal is to try (as totally in-the-tank for Trump that I am) to allow both sides of the argument to be told, and to have a say if they want one. It’s a legitimate question, I think. If it works (and I believe it will), Trump’s plan will have an amazing impact. But what if it doesn’t? I’d like to find out what other people think, and I don’t want to always beleive that everyone agrees with how I think — because they don’t, and that’s ok.

      Reply

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