In a new Agenda47 video on Wednesday, former President Donald J. Trump announced his plan to return jobs and wealth to the United States, launch an economic boom that will lift our middle class, and eliminate our dependence on China and other countries, known as the “Trump Reciprocal Trade Act.”
“Under the Trump Reciprocal Trade Act, other countries will have two choices—they’ll get rid of their tariffs on us, or they will pay us hundreds of billions of dollars, and the United States will make an absolute FORTUNE,” Trump said.
“If India, China, or any other country hits us with a 100 or 200 percent tariff on American-made goods, we will hit them with the same exact tariff. In other words, 100 percent is 100 percent. If they charge US, we charge THEM—an eye for an eye, a tariff for a tariff, same exact amount.”
According to a release, Trump will work with Congress to pass this act:
-As one of his top economic priorities, President Trump will stop the flow of American jobs overseas by passing the Trump Reciprocal Trade Act.
– Under the landmark legislation, if any foreign country imposes a tariff on American-made goods that is higher than the tariff imposed by the U.S., President Trump will have the authority to impose a reciprocal tariff on that country’s goods.
– To ensure fairness, the Act will empower President Trump to negotiate the reduction of tariffs on foreign goods if foreign countries agree to reduce their tariffs on American goods.
– The Trump Reciprocal Trade Act will put AMERICA FIRST and continue President Trump’s unparalleled trade success that reduced America’s trade deficit, grew wages, and created more than half a million new manufacturing jobs.
– President Trump’s landmark legislation advances the views of 91 percent of conservatives and even 75 percent of Democrats, who support placing reciprocal tariffs on foreign imports to protect American workers.
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