Despite predications stating otherwise, flamboyant businessman Donald Trump has been voted to become the 45th American president. If he lives up to his word, Trump will reset a lot of how things are done in Washington.
High on Trump’s proposed agenda is fixing the American economy — the country currently has a debt of $19 trillion and an insipid growth rate of 1 percent.
Part of the flamboyant billionaire’s plans to redress this is to make structural changes to how the American economy currently works, a large part of which will be about reducing trade deficits and resolving what he says are bad trade deals.
Among the biggest of the worst deals is the one that the U.S. has with China, says Trump, who accuses Beijing of being a currency manipulator and a thief of trade secrets.
— Official Team Trump (@TeamTrump) October 22, 2016
Trump’s 7-point trade plan
As part of his 7-point trade plan to “rebuild the American economy,” Trump singles out China on three occasions.
“Instruct the Treasury Secretary to label China a currency manipulator,” being point five of his plan presented on his website.
“Instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the WTO. China’s unfair subsidy behavior is prohibited by the terms of its entrance to the WTO,” is point six.
“Use every lawful presidential power to remedy trade disputes if China does not stop its illegal activities, including its theft of American trade secrets — including the application of tariffs consistent with Section 201 and 301 of the Trade Act of 1974 and Section 232 of the Trade Expansion Act of 1962,” was his seventh and final point of the plan.
See Trump explain his trade plan in this report from Fox Business:
Understanding Trump’s view on China
And when it comes to China, one of Trump’s top economic policy advisors is best-selling author and filmmaker Peter Navarro from the University of California.
“If you want to read one thinker to understand Trump on China, it is Navarro,” wrote Tyler Cowen, a columnist for Bloomberg.
Writing an op-ed for Fox News, Navarro said that the American economy started going into decline when President Bill Clinton “shoehorned” China into the World Trade Organization (WTO);
“This resulted in a wave of off-shoring of U.S. investment, thereby depressing the domestic business investment driver in America’s growth equation — while lifting China’s economy.
“Clinton’s China deal also allowed a flood of illegally subsidized imports into U.S. markets and dramatically increased the U.S. trade deficit in goods with China — now at one billion dollars a day and $366 billion a year.”
Among Navarro’s work are the books and documentary films Death by China and Crouching Tiger: What China’s Militarism Means for the World.
Before making Navarro a part of his team, Trump endorsed Death by China, saying it is “right on.”
“This important documentary depicts our problem with China with facts, figures, and insight. I urge you to see it,” Trump said.
Released in 2012, you can watch Death by China in full below: