This Tuesday, Republican nominee Donald Trump criticized current U.S. trade policies, claiming that this has encouraged globalization and made American manufacturing jobs disappear. Also, he promised a completed economical overhaul, if elected president, vowing to start an offensive against Chinese economic practices and rip up international trade deals, says The New York Times.
All trade deals must die, says Trump
During his speech at a factory in Rust Belt Pennsylvania, Donald Trump talked compared himself to a change agent that could finally put an end to the “rigged system”, represented by Democratic nominee Hillary Clinton. He also mentioned terminating the Trans-Pacific Partnership trade deal and renegociating the North American Free Trade Agreement if he will be in charge at the White House.
“Our politicians have aggressively pursued a policy of globalization — moving our jobs, our wealth and our factories to Mexico and overseas,” he said, reading from prepared remarks and using teleprompters. “Globalization has made the financial elite who donate to politicians very, very wealthy. I used to be one of them. Hate to say it, but I used to be one of them.”
Of course, this was the perfect occasion to attack Hillary Clinton, Trump accusing her of supporting fair trade agreements and saying that with her as president “nothing is going to change.”
“The inner cities will remain poor. the factories will remain closed,” Donald Trump added. “The special interests will remain firmly in control.”
Such statements could leave Trump without important support groups
Shortly after his discourse, The Chamber of Commerce, well known for being a business lobby that supports Republicans, warned that the policies Donald Trump is proposing could lead to another recession.
“Under Trump’s trade plans, we would see higher prices, fewer jobs, and a weaker economy,” the group said in a tweet sent today.