Trump on Trade

Now that Donald Trump set his sights on the next Presidential race, he has started to talk about his potential trade policy. In an interview with Fox News, he stated that the U.S. is losing jobs to other countries and one thing he would do is impose a 25% tariff on goods from China.  He thinks that more jobs will be created in the U.S. because Americans will not want to pay the higher tax.  This plan is likely to generate some opposition, as it does not coincide with the membership in the World Trade Organization (WTO).  As members, the U.S. works with 140 other countries to promote international trade by reducing trade barriers.  Initiating a 25% tariff on goods from China would create trade barriers and likely result in other countries imposing high tariffs on our exports to their countries.

Keep up with Trump’s trade agenda on Monday Mornings with Trump that airs on “Fox and Friends.