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Donald Trump on Free Trade

2000 Reform Primary Challenger for President

 


TPP is a horrible deal; no one has read its 5,600 pages

Q: You've criticized the TPP, the Trans-Pacific Partnership with 11 Asian countries?

TRUMP: The TPP is horrible deal. It is a deal that is going to lead to nothing but trouble. It's a deal that was designed for China to come in, as they always do, through the back door and totally take advantage of everyone. It's 5,600 pages long, so complex that nobody's read it. This is one of the worst trade deals. And I would, yes, rather not have it. We're losing now over $500 billion in terms of imbalance with China, $75 billion a year imbalance with Japan.

Q: Which are there particular parts of the deal that you think were badly negotiated?

TRUMP: Well, the currency manipulation they don't discuss in the agreement, which is a disaster. If you look at the way China in particular takes advantage of the US--it's through currency manipulation. It's not even discussed in the almost 6,000-page agreement.

Sen. Rand PAUL: Hey, you know, we might want to point out China is not part of this deal.

Source: Fox Business/WSJ First Tier debate , Nov 10, 2015

Restrict free trade to keep jobs in US

Q: You would end NAFTA, kill the Pacific Trade Agreement, impose tariffs on some products like 35% on Ford cars made in Mexico.

TRUMP: I am all for free trade, but it's got to be fair. When Ford moves their massive plants to Mexico, we get nothing. I want them to stay in Michigan.

Q: But the American Enterprise Institute says, your Trump Collection clothing line, some of it is made in Mexico and China.

TRUMP: That's true. I want it to be made here.

Q: The point is you're doing just what Ford is--you're taking advantage of a global trading market.

TRUMP: I never dispute that. I just ordered 4,000 television sets from South Korea. I don't want to order them from South Korea. I don't think anybody makes television sets in the United States anymore. I talk about it all the time.˙We don't make anything anymore. Now you look at Boeing.˙Boeing's going over to China.˙They're going to build a massive plant because China's demanding it in order to order airplanes from Boeing.

Source: Fox News Sunday 2015 Coverage of 2016 presidential hopefuls , Oct 18, 2015

We don't beat China or Japan or Mexico in trade

Our country is in serious trouble. We don't win anymore. We don't beat China in trade. We don't beat Japan, with their millions and millions of cars coming into this country, in trade. We can't beat Mexico, at the border or in trade.

We can't do anything right. Our military has to be strengthened. Our vets have to be taken care of. We have to end ObamaCare, and we have to make our country great again, and I will do that.

Source: Fox News/Facebook Top Ten First Tier debate transcript , Aug 6, 2015

Disastrous deals because we don't have smart negotiators

Q: So, you would tear up NAFTA?

A: I think NAFTA has been a disaster. I think our current deals are a disaster. I'm a free trader. The problem with free trade is, you need smart people representing you. We have the greatest negotiators in the world, but we don't use them. We use political hacks and diplomats. We use the wrong people. Mexico is smart; they have out-negotiated us to a fare-thee-well. They're going to be the capital of automobiles pretty soon, the way they're going.

Source: CNN SOTU 2015 interview series: 2016 presidential hopefuls , Jun 28, 2015

China and Japan are beating us; I can beat China

Our country is in serious trouble. We don't have victories anymore. We used to have victories, but we don't have them. When was the last time anybody saw us beating, let's say, China in a trade deal? They kill us. I beat China all the time. All the time.

When did we beat Japan at anything? They send their cars over by the millions, and what do we do? When was the last time you saw a Chevrolet in Tokyo? It doesn't exist, folks. They beat us all the time.

When do we beat Mexico at the border? They're laughing at us, at our stupidity. And now they are beating us economically. They are not our friend, believe me. But they're killing us economically. The U.S. has become a dumping ground for everybody else's problems.

Source: 2015 announcement speeches of 2016 presidential hopefuls , Jun 16, 2015

35% import tax on Mexican border

Ford announces a few weeks ago that Ford is going to build a $2.5 billion car and truck and parts manufacturing plant in Mexico. I would call up the head of Ford, if I was president, I'd say, "Congratulations. I understand that you're building a nice $2.5 billion car factory in Mexico and that you're going to take your cars and sell them to the US zero tax, just flow them across the border."

And you say to yourself, "How does that help us? Where is that good"? It's not. So I would say, "Let me give you the bad news. Every car and every part manufactured in this plant that comes across the border, we're going to charge you a 35% tax, and that tax is going to be paid simultaneously with the transaction.

Now, if it's not me in the position, here's what's going to happen: They're going to get a call from the donors or from the lobbyist for Ford and say, "I take care of you, and you can't do that to Ford."

I'm using my own money. I'm not using the lobbyists. I'm not using donors. I don't care.

Source: 2015 announcement speeches of 2016 presidential hopefuls , Jun 16, 2015

Stupid people negotiate our trade bills, & trade won't work

I'm totally against the trade bill for a number of reasons. I'm a free trader. But the problem with free trade is you need really talented people to negotiate for you. If you don't have people that know business, not just a political hack that got the job because he made a contribution to a campaign, free trade is terrible.

Free trade can be wonderful if you have smart people, but we have people that are stupid. We have people that are controlled by special interests. And it's just not going to work

Source: 2015 announcement speeches of 2016 presidential hopefuls , Jun 16, 2015

20% tax on all imported goods

If we want jobs in America, we need to enact my 5-part tax policy: kill the death tax; lower the tax rates on capital gains & dividends; eliminate corporate taxes in order to create more American jobs; mandate a 15% tax for outsourcing jobs and a 20% tax for importing goods, and enact the 1-5-10-15 income tax plan [four brackets with a top rate of 15%].

Government needs to stop pick-pocketing your wallet. Every time it does, it slows growth and kills jobs. It's also immoral.

Source: Time to Get Tough, by Donald Trump, p. 65 , Dec 5, 2011

Fair trade instead of embarrassing deal with South Korea

I'm for free and fair trade. After all, I do business all over the world. But look at the deal Obama cut with South Korea. It was so bad, so embarrassing, that you can hardly believe anyone would sign such a thing. In theory, the agreement Obama signed will do next to nothing to even out the trade imbalance, will further erode American manufacturing and kill more American jobs, and will wipe away the tariffs South Korea presently pays us to sell their stuff in our country. Why would Obama agree to these terms, especially when we hold all the cards?

Why is our president signing the trade bill that the South Koreans want him to sign instead of the one that gives us maximum advantage?

Source: Time to Get Tough, by Donald Trump, p. 5 , Dec 5, 2011

Repatriate jobs that China has been stealing

I'm sick of always reading about outsourcing. Why aren't we talking about "onshoring"? We need to bring manufacturing jobs back home where they belong. Onshoring, or "repatriation," is a way for us to take back the jobs China is stealing. We know that China's wages are increasing. Also, China lacks certain natural resources that we have in abundance. If we exploit those two key facts, we can begin making the case to companies that they should bring their manufacturing facilities home to America.

Onshoring has huge potential. That's why Congress need to pass Virginia Congressman Frank Wolf's bill called the "Bring Jobs Back to America Act" (H.R.516) to help expand the onshoring movement and get American jobs back where they belong--here in America.

Source: Time to Get Tough, by Donald Trump, p. 37-39 , Dec 5, 2011

Embrace globalization and international markets

The important thing to consider is that more and more there is an interdependence of world economies. No one can afford to be isolationist any more. Keep your focus global. Globalization has torn down the barriers that have formerly separated the national from the international markets.
Source: Never Give Up, by Donald Trump, p.158 , Jan 18, 2008

Renegotiate tougher & fairer trade agreements

You only have to look at our trade deficit to see that we are being taken to the cleaners by our trading partners. We need tougher negotiations, not protectionist walls around America. We need to ensure that foreign markets are as open to our products as our country is to theirs. Our long-term interests require that we cut better deals with our world trading partners.
Source: The America We Deserve, by Donald Trump, p.145 , Jul 2, 2000

President should be nation’s trade representative

Denouncing United States trade policy, Trump promised to appoint himself as the nation’s trade representative, saying he would have no trouble serving both in that post and as president. He then attacked the current holder of the job, Charlene Barshefky. “Who is she?” demanded Trump. “I never heard of her!”
Source: nytimes.com/library/politics , Dec 10, 1999

World views US trade officials as ‘saps’

Trump said that US trade officials are viewed as “saps” around the world and have allowed the country to be ripped off in trade agreements. He called NAFTA a disaster and said leaders of other countries “can’t believe how easy it is to deal with the US.” He continued, “We are known as a bunch of saps. We need our best people to negotiate against the Japanese and many other countries.” As president, he would get the nation’s top business leaders - not diplomats - to negotiate for the country.
Source: Pat Eaton-Robb, Associated Press , Dec 2, 1999

Other candidates on Free Trade: Donald Trump on other issues:
Former Presidents/Veeps:
George W. Bush (R,2001-2009)
V.P.Dick Cheney
Bill Clinton (D,1993-2001)
V.P.Al Gore
George Bush Sr. (R,1989-1993)
Ronald Reagan (R,1981-1989)
Jimmy Carter (D,1977-1981)
Gerald Ford (R,1974-1977)
Richard Nixon (R,1969-1974)
Lyndon Johnson (D,1963-1969)
John F. Kennedy (D,1961-1963)
Dwight Eisenhower (R,1953-1961)
Harry_S_TrumanHarry S Truman(D,1945-1953)

Religious Leaders:
New Testament
Old Testament
Pope Francis

Political Thinkers:
Noam Chomsky
Milton Friedman
Arianna Huffington
Rush Limbaugh
Tea Party
Ayn Rand
Secy.Robert Reich
Joe Scarborough
Gov.Jesse V