Trade

Donald Trump

Trump's Trade (section page)

US-China

• Officially declare China as a currency manipulator (DTW)
  • "Economists estimate the Chinese yuan is undervalued by anywhere from 15% to 40%" (DTW)
• Force China to uphold IP laws. (DTW)
  • "This theft costs the U.S. over $300 billion and millions of jobs each year. " (DTW)
  • US companies will no longer be forced by China to share proprietory technology with Chinese firms (DTW)
• End China’s illegal export subsidies and lax labor and environmental standards (DTW)
• Lower corporate tax rate (to 15%, listed in Tax section) (DTW)
• Bolstering U.S. military presence in East and South China Seas (DTW)
• "But the worst of China's sins...is the wanton manipulation of China's currency, robbing Americans of billions of dollars of capital and millions of jobs." (The International Economy)
• "Economists estimate that the yuan is undervalued anywhere from 15 percent to 40 percent. Through manipulation of the yuan, the Chinese government has been able to tip the trade balance in their direction by imposing a de facto tariff on all imported goods." (The International Economy)
• "On day one of a Trump administration, the U.S. Treasury Department will designate China a currency manipulator." (The International Economy)

"Why are we striking trade agreements with countries we already have agreements with? Why is there no effort to make sure we have fair trade instead of ‘free’ trade that isn’t free to Americans?" (BB)

Bernie Sanders

Bernie's Trade (section page)

• "Middle class in this country is collapsing. We have 27 million people living in poverty. We have massive wealth and income inequality. Our trade policies have cost us millions of decent jobs." (DD1)

• "...for forty years, the great middle class of this country has been disappearing. And in my view, what we need to create millions of jobs by rebuilding our crumbling infrastructure; raise the minimum wage to $15 an hour; [enact] pay equity for women workers; [rethink] our disastrous trade policies, which have cost us millions of jobs; and make every public college and university in this country tuition-free." (DD1)

• "I voted against NAFTA, CAFTA, PNTR with China. I think they have been a disaster for the American worker. A lot of corporations that shut down here move abroad. Working people understand that after NAFTA, CAFTA, PNTR with China we have lost millions of decent paying jobs. Since 2001, 60,000 factories in America have been shut down. We're in a race to the bottom, where our wages are going down. Is all of that attributable to trade? No. Is a lot of it? Yes. TPP was written by corporate America and the pharmaceutical industry and Wall Street. That's what this trade agreement is about. I do not want American workers to competing against people in Vietnam who make 56 cents an hour for a minimum wage." (OTIBST)

• "In the House and Senate, I voted against all of these terrible trade agreements, NAFTA, CAFTA, permanent normal trades relations with China. Republicans and Democrats, they say, "oh, we'll create all these jobs by having a trade agreement with China." Well, the answer is, they were wrong, wrong, wrong. Over the years, we have lost millions of decent paying jobs. These trade agreements have forced wages down in America so the average worker in America today is working longer hours for lower wages." (OTIBST)

Reverse trade policies like NAFTA, CAFTA, and PNTR that have driven down wages and caused the loss of millions of jobs. (BSWII)

Trade policy would focus on restoring jobs for Americans. Stop exports of oil abroad to focus on clean energy solutions at home. Against all Free-Trade agreements on the grounds that it hurts the American people and represents only the interests of corporate America.