Donald Trump on Free Trade 2016 Republican incumbent President; 2000 Reform Primary Challenger for President

Sub-sections under Free Trade:
• China Trade
• North American Trade
• Protectionism
• Other issues under Free Trade

We'll make countries keep US dollar as reserve currency

FactCheck: 220,000 American cars sold in Europe, not zero

OTI transcript of Donald Trump's interview with Sean Hannity: "They [the Europeans] screw us on trade. They are in many ways worse than China, or as bad as China, on trade. How many Chevrolets are being sold in Berlin? Not too many. How many Chevrolets are being sold in Paris? Not too many. Maybe none. And yet, we sell their products -- their wines, and their cars, and their Mercedes, and their BMWs -- we sell it all over our country."

CNN Fact Check: Trump was criticizing the lack of reciprocity of certain countries in selling American goods here. But for the record, from what I could find, there were more than 200,000 Chevrolets registered in Germany in 2019. In the first half of the last decade, roughly 20,000 Chevrolets were being sold in France a year. Both of those numbers are larger than "none."

Trade battles with China, Germany, Britain, France, & Canada

Virus proves emphasis on American production

Nominates opponent of World Bank to lead World Bank

Trump's decision to nominate Malpass was met with some pushback, with critics contending Malpass held views that are hostile to the bank's mission, which is to reduce poverty in developing nations through financial assistance.

The US president has chosen the leader of the World Bank since its founding in 1945, but the pick has to be confirmed by the organization's board of directors. If confirmed, Malpass would succeed Jim Yong Kim, who was chosen by President Barack Obama in 2012 to lead the organization and re-nominated in 2016.

Trade deals should be one-on-one that US can terminate

Bernie Sanders and I agree: no big quagmire trade deals

I've followed through on my campaigning promise and withdrawn America from the Trans-Pacific Partnership. So that we can protect our economic freedom. And we're going to make trade deals, but we're going to do one-on-one, and if they misbehave, we terminate the deal and then they'll come back and we'll make a better deal. None of these big quagmire deals that are a disaster. Just take a look--by the way, take a look at NAFTA, one of the worst deals ever made by any country, having to do with economic development. It's economy un-development, as far as our country is concerned.

I disagreed with Ronald Reagan on trade; we need better

TRUMP: Because I did disagree with Ronald Reagan very strongly on trade. I disagreed with him. We should have been much tougher on trade even then. I've been waiting for years. Nobody does it right.

CLINTON: This is the way Donald thinks about himself, puts himself into the middle and says, "I alone can fix it," as he said on the convention stage.

TRUMP: Yeah, we've heard this before, Hillary. And frankly, now we're going to do it right.

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

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

Renegotiate tougher & fairer trade agreements

President should be nation’s trade representative

World views US trade officials as ‘saps’

Tariffs on China are not a sales tax & don't cause inflation

DONALD TRUMP: First of all, I have no sales tax. That's an incorrect statement. She knows that. We're doing tariffs on other countries. Other countries are going to finally, after 75 years, pay us back for all that we've done for the world. And the tariff will be substantial in some cases. I took in billions and billions of dollars, as you know, from China. In fact, they never took the tariff off because it was so much money, they can't. I had tariffs and yet I had no inflation. Look, we've had a terrible economy because inflation is really known as a country buster. It breaks up countries. We were at 21%. But many things are 80% higher than they were just a few years ago.

China was paying us hundreds of billions in tariffs

TRUMP: They aren't gonna have higher prices what's gonna have and who's gonna have higher prices is China and all of the countries that have been ripping us off for years. I charge, I was the only president ever China was paying us hundreds of billions of dollars and so were other countries and you know if she doesn't like 'em they should have gone out and they should have immediately cut the tariffs but those tariffs are there three and a half years now under their administration.

HARRIS: Well, let's be clear that the Trump administration resulted in a trade deficit, one of the highest we've ever seen in the history of America. He invited trade wars, you wanna talk about his deal with China what he ended up doing is under Donald Trump's presidency he ended up selling American chips to China to help them improve and modernize their military.

China building auto plants in Mexico: we'll impose tariffs

TRUMP: That didn't happen under Donald Trump. Let me just tell you, they lost 10,000 manufacturing jobs this last month. They're all leaving. They're building big auto plants in Mexico. In many cases owned by China. They're building these massive plants, and they think they're going to sell their cars into the United States because of these people. What they have given to China is unbelievable. But we're not going to let that. We'll put tariffs on those cars so they can't come into our country. Because they will kill the United Auto Workers and any auto worker, whether it's in Detroit or South Carolina or any other place.

FactCheck: 60% tariffs would cause 5% inflation

While he has not yet committed to a single policy, the ex-president has typically proposed raising tariffs by 10%, or by 60% on goods imported from China, up from approximately 1% and 11% now, respectively.

Goldman Sachs economists projected prices on consumer goods would go up by 0.1% for every percentage increase in the effective tariff rate and raise inflation rates for one year, noting that in addition to the price of imported goods going up, it's also likely the price of domestic goods would increase, because U.S. manufacturers would "opportunistically" raise their prices to take advantage of having less competition in the marketplace.

FactCheck: Tariffs on China result in higher consumer prices

(TaxFoundation.org, "Who Really Pays the Tariffs?," Dec. 15, 2021): "When the Trump administration imposed tariffs on various imports in 2018, the stated purpose was to boost U.S. industries and punish foreign exporters. But rather than hurting foreign exporters, the economic evidence shows it is American firms and consumers hardest hit by the Trump tariffs. The tariffs resulted in higher prices for a wide variety of goods that U.S. consumers and businesses purchase." 

10% tariffs on China will reduce our deficit tremendously

TRUMP: It's not going to drive them higher. It's just going to cause countries that have been ripping us off for years, like China--and many others, in all fairness to China--it's going to just force them to pay us a lot of money, reduce our deficit tremendously, and give us a lot of power for other things.

BIDEN: But this tariff--these 10 percent tariffs, everything coming into the country, you know what the economists say? That's going to cost the average American $2,500 a year and more, because they're going to have to pay the difference in food and all the things that are very important. You have not, in fact, made any progress with China. We are [now, under the Biden administration, at] the lowest trade deficit with China since 2010.

[See FactCheck that economists agree that tariffs on China will increase consumer prices].

Plan to phase out all Chinese imports of essential goods

Listen to voters: fight outsourcing manufacturing to China

Some DC commentators have opined that Trump's nomination represented a hostile takeover of the Republican Party. But this analysis gets it exactly backward. Since Ronald Reagan [retired in] 1989, the GOP grass roots had been longing for someone who rejected the old-guard way of doing business and who could speak to their concerns and aspirations. Trump supported policies that appealed to the base in a way that GOP leaders in the DC swamp had been either incapable of doing or unwilling to do.

China has already paid $28B to our farmers

TRUMP: First of all, China is paying. They're paying billions and billions of dollars. I just gave $28 billion to our farmers.

BIDEN: Taxpayer's money. Didn't come from China.

TRUMP: No, no. You know who the taxpayer is? It's called China. China pays $28 billion, and you know what they did to pay it, Joe? They devalued their currency and they also paid up, and you know got the money? Our farmers, our great farmers, because they were targeted. You never charged them anything. Also, I charged them 25% on dumped steel, because they were killing our steel industry. We were not going to have a steel industry. And now we have a steel industry.

BIDEN: There's a reason why he's bringing up all this malarkey. He doesn't want to talk about the substantive issues. [Based on] the decisions you're making, middle-class families like I grew up in Scranton, they're in trouble.

China should buy more American farm products

The request was made during the G20 summit in Osaka, Japan. In Bolton's book, the former adviser paints the president as someone consumed with winning a second term and willing to pressure, cajole and plead with foreign powers to aid his quest.

'Trump's conversations with Xi reflected not only the incoherence in his trade policy but also the confluence in Trump's mind of his own political interests and U.S. national interests,' Bolton writes according to an excerpt published in the Wall street Journal. 'Trump commingled the personal and the national not just on trade questions but across the whole field of national security.'

No other president ever thought of imposing tariffs on China

We said "that's enough" to China & signed new trade deal

Fact check: Trump claims China is paying new tariffs

Economists and experts told NBC News this is false. Consumers purchasing foreign goods are the ones who picked up the tab. J.P. Morgan estimated the cost of these tariffs on average U.S. families was more than $1,000.

China's President Xi is both an enemy and a friend

BUTTIGIEG: Well, the president clearly has no strategy. You know, when I first got into this race, I remember President Trump scoffed and said he'd like to see me making a deal with Xi Jinping. I'd like to see HIM making a deal with Xi Jinping! Is it just me, or was that supposed to happen in, like, April? We saw it at the G7 [international policy meeting]. The leaders of some of the greatest powers and economies of the world sitting to talk about one of the greatest challenges in the world, climate change, and there was literally an empty chair where American leadership could have been.

Tariffs on $250B of Chinese goods: Treasury gains billions

We are now making it clear to China that after years of targeting our industries, and stealing our intellectual property, the theft of American jobs and wealth has come to an end.

Therefore, we recently imposed tariffs on $250 billion of Chinese goods--and now our Treasury is receiving billions of dollars a month from a country that never gave us a dime. But I don't blame China for taking advantage of us--I blame our leaders and representatives for allowing this travesty to happen. I have great respect for President Xi, and we are now working on a new trade deal with China. But it must include real, structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs.

China is no longer a currency manipulator

A U.S. Treasury spokesman confirmed that the Treasury Department's semi-annual report on currency practices of major trading partners, due out later this week, will not name China a currency manipulator. "They're not currency manipulators," Trump said about China. The statement is an about-face from Trump's election campaign promises to slap that label on Beijing on the first day of his administration as part of his plan to reduce Chinese imports into the United States.

The Wall Street Journal paraphrased Trump as saying that the reason he changed his mind on the currency issue was because China has not been manipulating its yuan for months and because taking the step now could jeopardize his talks with Beijing on confronting the threat from North Korea.

China is dumping steel all over & killing steel companies

TRUMP: Energy is under siege by the Obama administration. The EPA, Environmental Protection Agency, is killing these energy companies. And you take a look at what's happening to steel and the cost of steel and China dumping vast amounts of steel all over the United States, which essentially is killing our steelworkers and our steel companies. It's an absolute disgrace.

CLINTON: First of all, China is illegally dumping steel in the United States and Donald Trump is buying it to build his buildings, putting steelworkers and American steel plants out of business. That's something that I fought against as a senator and that I would have a trade prosecutor to make sure that we don't get taken advantage of by China on steel or anything else.

It's not free trade with China; it's stupid trade

TRUMP: The 45% tariff is a threat. It's not a tax, it was a threat. It will be a tax if they don't behave. Take China as an example. I have many friends, great manufacturers, they want to go into China. They can't. China won't let them. We talk about free trade. It's not tree free trade; it's stupid trade. China dumps everything that they have over here. No tax, no anything. We can't get into China. The best manufacturers, when they get in, they have to pay a tremendous tax. The 45% is a threat that if they don't behave, we will tax you. It doesn't have to be 45, it could be less. But it has to be something because our country & our trade & our deals and most importantly our jobs are going to hell.??

I've been moving clothing-making from China to U.S.

Q: Will you promise that you will move your clothing collection to the US, the clothes that are made in China and Mexico?

TRUMP: I will do that. And by the way, I have been doing it more and more. But they devalue their currencies, in particular China. Mexico is doing a big number now, also. Japan is unbelievable what they're doing. They devalue their currencies, and they make it impossible for clothing-makers in this country to do clothing in this country. The Trans-Pacific Partnership--which Marco is in favor of---they don't take into concurrence the devaluation. They're devaluing their currency.

RUBIO: The answer is, he's not going to do it. And you know why? The reason why he makes it in China or Mexico is because he can make more money on it.

Chinese are savvy businesspeople: our enemy who need us

I know from my own experience that this is a difficult problem. The Chinese are very savvy businesspeople, and they have great advantages over our manufacturers. I've had several Trump-brand products made there.

Remember: The Chinese need us as much as we need them. Maybe even more.

China and Japan are beating us; I can beat China

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.

Repatriate jobs that China has been stealing

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.

High tariffs ensures cars made in Mexico won't sell here

TRUMP: Could I ask you, how are those plants that you mentioned, [I asked the car manufacturers]. "those giant plants that you're building in Mexico, how is that coming along, have you finished them?" "No, sir, they abandoned the project when they heard you're running. They abandoned the project when they saw that you were winning and doing well." I said, "wow, how beautiful," all the things. I told them, I told them, and I said it publicly, they're not going to sell one car into the United States. I said, "if I run this country, if I'm going to be president of this country, I'm going to put a 100, 200, 2,000 percent tariff, they're not going to sell one car into the United States," because we're not going to destroy our country, because I know you're an anti-tariff guy, but I'm the exact opposite.

Fact-Check:USMCA mostly a cosmetic refreshing of NAFTA

Fact -Check: The agreement updates NAFTA, covering things such as digital commerce, which barely existed when the original deal was signed a quarter-century ago. But despite the president's claims, USMCA is mostly a cosmetic refreshing of NAFTA, not a wholesale replacement. On the whole, the USMCA's economic effects are expected to be modest. The main benefit of the deal is that it avoids the disruption that would have come had Trump made good on his threat to scrap NAFTA with no replacement.

FactCheck: NAFTA displaced 851,700; but net loss 15,000/year

FACT-CHECK: One analysis of the Clinton-era North American Free Trade Agreement (NAFTA) found that about 851,700 U.S. jobs were displaced by the U.S. trade deficit with Mexico between 1993 (shortly before NAFTA was implemented) and 2014. That's a data point that was cited by Bernie Sanders during his 2016 campaign, when he frequently decried job losses due to NAFTA.

A 2014 study found that while NAFTA has caused about 203,000 jobs to be displaced by NAFTA-related imports annually, imports support 188,000 new jobs, leading to a net loss of only about 15,000 annually.

And the nonpartisan Congressional Research Service wrote in 2017 that "in reality, NAFTA did not cause the huge job losses feared by the critics... because trade with Canada & Mexico accounts for a small percentage of U.S. GDP."

USMCA delivers dreams shattered by catastrophe of NAFTA

Our new US-Mexico-Canada Agreement--or USMCA--will replace NAFTA and deliver for American workers: bringing back our manufacturing jobs, expanding American agriculture, and ensuring that more cars are proudly stamped with four beautiful words: made in the USA.

NAFTA was worst trade deal ever; TPP is a close second

Clinton: Well, that is just not accurate. I was against it once it was finally negotiated and the terms were laid out.

With a $58 billion trade deficit, Mexico will pay for wall

TRUMP: We have a trade deficit with Mexico of $58 billion a year. We're going to make them pay for that wall. The wall is $10 billion to $12 billion. I don't mind trade wars when we're losing $58 billion a year. Mexico is taking our businesses. They de-value their currencies to such an extent that our businesses cannot compete with them, our workers lose their jobs. You wouldn't know anything about it because you're a lousy businessman.

35% import tax on Mexican 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.

Tariffs will bring thousands of companies into the country

TRUMP: We're going to lower taxes still further for companies that are going to make their product in the USA. We're going to protect those companies with strong tariffs, because I'm a believer in tariffs. But to me, the most beautiful word in the dictionary is tariff, and it's my favorite word. It needs a public relations firm to help it, but to me, it's the most beautiful word in the dictionary. But tariffs are two things, if you look at it. Number one is for protection of the companies that we have here and the new companies that will move in because we're going to have thousands of companies coming into this country. We're going to grow it like it's never grown before, and we're going to protect them when they come in because we're not going to have somebody undercut them.

Trumpism means great trade deals

Says China is paying BIG TARIFFS, but U.S. consumers pay

White House economic adviser Larry Kudlow acknowledged that the Chinese do not directly pay tariffs on goods coming into the US, but instead American importers pay and oftentimes pass it on to US consumers, contradicting Pres. Trump's claims. Kudlow said that "both sides will suffer on this," but argued that China will suffer significant GDP losses as export markets are hit. The blow to US GDP won't be substantial since the economy is "in terrific shape," he said.

The Reciprocal Trade Act lets us respond to unfair tariffs

FactCheck: No, tariffs won't "make America rich again"

"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so... We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN," Trump wrote in a December 2018 tweet.

Trump is misstating how tariffs work. Tariffs are a fee charged by the U.S. when a good is brought into the U.S. They're designed to make foreign made goods more expensive--thus boosting domestic producers--but that expense, charged to the importer, is typically passed down to American consumers.

Country built on tariffs; they'll lead to new trade deals

Trade wars are good; tariffs on steel and aluminum

"People have no idea how badly our country has been treated by other countries," Trump said. "They've destroyed the steel industry, they've destroyed the aluminum industry, and other industries, frankly."

Trump railed against the North American Free Trade Agreement and the nation's trading partners throughout his campaign. Speaking at the shuttered Osram Sylvania factory in Manchester NH in June 2016, he said, "New Hampshire has lost 31 percent of their manufacturing jobs since NAFTA," which went into effect in 1994, when Bill Clinton was president, Trump said. He called the creation of the World Trade Organization in 1995 "another Clinton disaster."

The era of economic surrender is over: reciprocal fair trade

We will work to fix bad trade deals and negotiate new ones. And we will protect American workers and American intellectual property, through strong enforcement of our trade rules.

Put American firms first in federal contracts

"This is the policy that ensures no one gets left behind in America anymore--that we protect our industry from unfair competition, favor the products produced by our fellow citizens and make certain that when jobs open those jobs are given to American workers first," the White House said in a statement.

It was not immediately clear how much the administration could accomplish without cooperation from Congress. However, industry experts said Trump's executive order was a good first step to protecting the U.S. defense industrial base, and U.S. firms that do business with the federal government.

US companies pay high tariffs abroad; let's change that

I just met with officials and workers from a great American company, Harley-Davidson. I asked them how they are doing with international sales. They told me--without even complaining because they have been mistreated for so long that they have become used to it--that it is very hard to do business with other countries because they tax our goods at such a high rate. They said that in one case another country taxed their motorcycles at 100 percent.

They weren't even asking for change. But I am. I believe strongly in free trade but it also has to be FAIR TRADE. President Lincoln, warned that the "abandonment of the protective policy will produce want and ruin." Lincoln was right--and it is time we heeded his words.

Protection will make America strong

One by one, the factories shuttered and left our shores, with not even a thought about the millions upon millions of American workers left behind. The wealth of our middle class has been redistributed across the entire world. But that is the past.

From this day forward, a new vision will govern our land. From this moment on, it's going to be America First. Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies, and destroying our jobs. Protection will lead to great prosperity and strength.

Two simple rules: buy American, and hire American

FactCheck: Yes, has opposed trade deals since Reagan

Yes, for as far back as we have records: in his 2015 book, in his 2011 book, and in his 2000 book. Some sample excerpts:

• "There are people who wish I wouldn't refer to China as our enemy. But they have destroyed entire industries and cost us tens of thousands of jobs."--Crippled America, p. 43-5, Nov. 2015
• "We need to bring manufacturing jobs back home--the jobs China is stealing."--Time to Get Tough, p. 37-9, Dec. 2011
• "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 [to] cut better deals with our world trading partners."--The America We Deserve, p.145, July 2000

FactCheck: No, VATs are not tariffs against US exports

When a company in Germany makes goods to sell at home, it has to pay the VAT. But if it makes them to sell in the US, it doesn't--the tax gets waived at the border. If a US company sells in Germany, it does have to pay the VAT. [The UC Irvine] interpretation is that] border adjustability turns the VAT into an "implicit export subsidy" for foreign companies and an "implicit tariff" on US exporters. This is just dead wrong. Everybody has to pay Germany's VAT when they're selling goods in Germany. Nobody has to pay Germany's VAT when they're selling goods outside of Germany.

You can't really blame Trump for this one: a guy with a PhD in economics fed this stuff to him.

Tax imports when U.S. companies manufacture abroad

Identify every violation of trade agreements, and prosecute

1. Withdraw the US from the Trans-Pacific Partnership, which has not yet been ratified.
2. Appoint the toughest and smartest trade negotiators to fight on behalf of American workers.
3. Identify every violation of trade agreements a foreign country is currently using to harm our workers. I will then use every tool under American and international law to end these abuses.
4. Tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers, or submit notice under Article 2205 that America intends to withdraw from the deal.
5. Label China a currency manipulator.
6. Bring trade cases against China, both in this country and at the WTO, for China's unfair subsidy behavior.
7. IUse every lawful presidential power to remedy trade disputes, including the application of tariffs.

Restrict free trade to keep jobs in US

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.

20% tax on all imported goods

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

Embrace globalization and international markets

Signed USMCA to improve trade as "NAFTA 2.0".

Summary from Congressional Record and Wikipedia:Vote to amend the North American Free Trade Agreement (NAFTA) and establish the United States-Mexico-Canada Agreement (USMCA). Rather than a wholly new agreement, it has been characterized as `NAFTA 2.0`; final terms were negotiated on September 30, 2018 by each country. The agreement is scheduled to come into effect on July 1, 2020.

Case for voting YES by Rep. Charlie Crist (D-FL); (Dec. 19, 2019)The USMCA includes stronger protections for American workers and enforceable labor standards, as well as environmental protections. It eliminates the Trump Administration`s threat that the US could walk away entirely from the trade agreement with Canada and Mexico, which would devastate US jobs and our economy.

Case for voting NO by Jared Huffman (D-CA); (Dec. 19, 2019) Democratic negotiators did a lot to improve Donald Trump`s weak trade deal, especially in terms of labor standards and enforcement, but the final deal did not reach the high standard that I had hoped for. The NAFTA renegotiations were a once-in-a-generation opportunity to lift labor and environmental standards across the continent--to lock in serious climate commitments with two of our largest trading partners and dramatically improve labor standards and enforcement to slow the rise of outsourcing.

Legislative outcome: Bill Passed (Senate) (89-10-1) - Jan. 16, 2020; bill Passed (House) (385-41-5) - Dec. 19, 2019; signed at the G20 Summit simultaneously by President Trump, Mexican President Enrique Nieto, and Canadian Prime Minister Justin Trudeau, Nov. 30, 2018