February 27 2023
President Trump this week unveiled his plan to put American manufacturers first and undo the damage wrought by Biden’s disastrous America Last agenda.
“Biden's pro-China economic program puts America last and it's killing our country,” President Trump said in a video released Monday. “My cutting-edge trade agenda will revitalize our economy by once again putting America first. We will quickly become a manufacturing powerhouse like the world has never seen before.”
Last year, the total trade deficit rose over 12% to nearly $1 trillion, the largest deficit on record. Domestic producers are suffering as Biden’s regulations make it easier and cheaper to purchase foreign goods. More of America's wealth is being drained from this country than it ever has before.
China specifically reaps the rewards under Biden’s America Last agenda. According to the New York Times, “overall trade with China last year easily surpassed previous records.”
President Trump’s America First trade platform includes:
- Replacing Biden’s current system, which punishes domestic manufacturers, with one that rewards domestic production and institutes universal baseline tariffs on foreign companies;
- Ending U.S. economic reliance on China by revoking China’s Most Favored Nation trade status, phasing out all Chinese imports of essential goods, stopping U.S. companies from investing in China, preventing China from buying up American land and property, and banning federal contracts for any company outsourcing to China; and
- Creating a new Strategic National Manufacturing Initiative to correct global trade imbalances pushed by Biden and the Democrats and dramatically strengthen the American economy.
“My agenda will tax CHINA to build up AMERICA,” President Trump stated. “The heart of my vision is a sweeping pro-American overhaul of our tax and trade policy to move from the Biden system that punishes domestic producers and rewards outsourcers, to a system that REWARDS domestic production and taxes FOREIGN companies and those who export American Jobs. They will be rewarded and rewarded greatly. And our country will benefit.”