Former US President Donald Trump revealed his new plan to crush China and vowed to “tax China to build up America” amid the escalating tensions between the Chinese government and the United States.
Trump’s recent move is part of his 2024 campaign promise to impose a tariff on imported goods.
According to the reports, the former President’s new trade policy would “completely eliminate” the United States’ dependence on China and would eliminate the latter’s most favored nation trade status.
The former President will reportedly phase out all Chinese imports of essential goods through a four-year plan where federal contracts for any company that outsources to China will be banned.
“Very simply, the Biden agenda taxes America to build up China. My agenda will tax China to build up America. Joe Biden claims to support American manufacturing, but in reality, he is pushing the same pro-China globalist agenda that ripped the industrial heart out of our country,” Trump said in a recently released policy video.
Reports also revealed that the former President’s new system would “reward domestic production and tax foreign companies and those who export American jobs.”
Trump Announces A Plan To End America’s Dependence On China pic.twitter.com/UA7HVvfRxm— Red Voice Media (@redvoicenews) February 28, 2023
“We had largely stopped and it was going to be stopped completely within less than a year. As tariffs on foreign producers go up, taxes on American producers will go down, and go down very substantially, that means a lot of jobs coming in,” Trump explained.
The 45th President of the US also claimed that “this plan will be the linchpin of a new Strategic National Manufacturing Initiative, that builds on my historic success in ending NAFTA.”
In a report published by Fox News, Trump reportedly said that in order to achieve his goal, he “would phase in a system of universal, baseline tariffs on most foreign products.”
The former US President also claimed that imposing higher tariffs would “increase incrementally depending on how much individual foreign countries devalue their currency” and added that countries devalue their currency and “subsidize their industries, or otherwise engage in trade cheating and abuse, and they do it now like never before.”
In 2020, Trump was asked during a press conference whether he had “seen anything that gives you a high degree of confidence that the Wuhan Institute of Virology was the origin of this virus?”
“Yes I have. And I think the WHO should be ashamed of themselves because they’re like the public relations agency for China,” Trump responded.
