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Position Paper: Donald Trump on Trade (2016 Election) - November 8, 2016

12:00 AM
Donald Trump

America has lost nearly one-third of its manufacturing jobs since NAFTA and 50,000 factories since China joined the World Trade Organization. [Economic Policy Institute, April 23, 2015]

Donald Trump

President Obama predicted that the trade deal with South Korea would increase our exports to South Korea by more than $10 billion -- resulting in some 70,000 jobs. It has killed nearly 100,000. Our exports to South Korea haven't increased at all, but their imports to us have surged more than $15 billion -- more than doubling our trade deficit with that country. [The White House], [Economic Policy Institute, May 5, 2016]

Donald Trump

Our annual trade deficit in goods with Mexico has risen from close to zero in 1993 to almost $60 billion. Our total trade deficit in goods hit nearly $800 billion last year. China is responsible for nearly half of our entire trade deficit. Almost half of our entire manufacturing trade deficit in goods with the world is the result of trade with China. [United States Census Bureau]

Donald Trump

The U.S. trade deficit with the proposed TPP member countries cost over 2 million jobs in 2015. By far the biggest losses occurred in motor vehicles and parts, which lost nearly 740,000 manufacturing jobs. Imagine how many more jobs would be lost if the Trans-Pacific Partnership was actually approved. [Economic Policy Institute, March 3, 2016]

Donald Trump

The Trans-Pacific Partnership will undermine our economy, and it will undermine our independence:

Donald Trump

According to the U.S. International Trade Commission, improved protection of America's intellectual property in China would produce more than 2 million more jobs right here in the United States. [The Commission On The Theft Of American Intellectual Property, May 2013]