Former President and 2024 candidate Donald Trump has released a video sharing his America First trade plan to end dependence on China and create millions of jobs for Americans.
“We must 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,” Trump says in the video.
“To achieve this goal, we will phase in a system of universal base-line tariffs on most foreign products,” he said, adding, “On top of this, higher tariffs will increase incrementally depending on how much individual foreign countries devalue their currency.”
“As tariffs on foreign producers go up, taxes on American producers will go down and go down very substantially, and that means a lot of jobs coming in,” Trump continued.
“Not only will this system end our gaping trade deficits – and they are massive right now – and bring back millions of American jobs, it will also bring trillions and trillions of dollars pouring into the United States Treasury from foreign countries and allow us to invest that money in American workers, American families, and American communities,” he explained.
Watch the full video above.
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