Trump: I Will Label China A Currency Manipulator And Enforce WTO Rules They Break

Real Clear Politics ^ | Aug. 24, 2016 | Tim Hains

[Innovative]

In a speech in Tampa Wednesday afternoon, Donald Trump outlined a seven-point plan to bring millions of jobs to the U.S. He proposed renegotiating trade agreements like the Trans-Pacific Partnership and NAFTA and also challenging China for "illegal activities."

"I am going to instruct my Treasury Secretary to label China a currency manipulator," he said. "Any country that devalues their currency in order to take unfair advantage of the United States will face tariffs to stop the cheating."

"I am going to instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the WTO," he also said. "China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules."

[Innovative]

It's not just a slogan, Trump has specific plans on how to "Make America Great Again".

[Little Pig]

Don’t most major wars have origins in some aspect of banking? While I applaud the sentiment of (finally) holding China’s feet to the fire over their currency manipulation, their flagrant IP theft, and their bullyboy antics in the South China Sea, I would be very careful about how I might approach such censure.

It’s one thing to hold a trading partner to higher expectations, and quite another to take steps that can all too easily be interpreted as economic warfare, especially when the target has a surplus of military-aged men and a burgeoning defense industry.

[Innovative]

I am sure Trump would find the right approach, he has plenty of business experience.

[DoughtyOne]

What, and disrupt free trade?  Hack, spit...


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