“Under Trump’s trade plans, we would see higher prices, fewer jobs, a weaker economy”, the Chamber said on its Twitter feed, directing readers to a blog post that said Trump’s policies would lead to millions of job losses and a recession.
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Billionaire Republican donor Paul Singer, who bankrolled an effort to try to defeat Trump during the campaign’s nominating phase, said on June 29 that a Trump presidency and his trade positions would nearly certainly lead to a global depression. “Trillions of our dollars and millions of our jobs flowed overseas as a result”.
While there have been signs that Trump may change his stance – perhaps restricting migration only from countries with a known history of terrorism – aides said his views are consistent. “The problem is his responses are going to make things much worse”. The group called Trump “flat-out wrong” and praised his 2013 statements in favor of a “cohesive global economy” over “the 2016 version” of the real estate developer.
Kishore Mahbubani, the dean of the Lee Kuan Yew School of Public Policy in Singapore, also said that if America kills the Trans-Pacific Partnership, China will become the main center of economic gravity.
“I’m going to instruct my treasury secretary to label China a currency manipulator, which should have been done years ago”.
Mr McCain also joked that those who initially thought Trump would be the nominee were “crazy”.
Europeans are increasingly naming the United States – not China – as the world’s top economic power.
“They are a special interest that wants to have the deals that they want to have”, he told a packed arena at a rally here, to whoops and cheers.
In Weaver’s email Wednesday to supporters, he pointed to a poll released Wednesday by Ballotpedia which shows Trump behind Clinton in seven swing states.
During the length of the speech, Trump’s most strident remarks were reserved for China.
In pushing back against Clinton’s claims about tariffs and trade wars, Trump pointed to Ronald Reagan, who once imposed a 45 percent tariff against Japan to protect the American motorcycle industry – and a 100 percent tariff against foreign semi-conductors. NAFTA, the North American Free Trade Agreement, was signed by President Bill Clinton.
However, some experts did not place much stock in his proposals. “Despite much of the rhetoric we have heard out on the campaign trail, the next president should understand that selling more American-made goods and services around the world is one of the best ways to spur economic growth, support small businesses, create good-paying American jobs, and keep the United States one step ahead of its worldwide competitors”.
However, not all experts were in agreement that Trump’s proposed policies were wrong-headed.
But he drew a quick and scathing response from the U.S. Chamber of Commerce, a traditional Republican ally and leading business lobby. “You might not like his tone but he’s got it, he’s got it cold”.
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The comments came as Trump builds on the issue that has surpassed immigration as his central campaign theme: that decades of trade pacts have depressed US manufacturing and lowered wages.
