JUST IN: Trump Excoriates Biden For 'Nation-Wrecking Policies,' Pushes New Plan To Cut Trade Deficit
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Donald Trump |
In a video released to social media, former President Trump proposed his plan to cut the trade deficit.
Former President Donald Trump has released a video on social media in which he excoriates President Joe Biden's economic policies and outlines a new plan to cut the trade deficit. In the video, Trump argues that the trade deficit is a sign of economic weakness and that it is "killing jobs, killing factories, and killing America's economic future."
Trump claims that he began to successfully slash the trade deficit during his presidency, but that under Biden's "nation-wrecking policies," the deficit is exploding like never before. He says that the Biden administration's policies are bleeding wealth on a historic scale and that these "gigantic trade deficits are also known as losses."
According to Trump, the US lost $383 billion to China and nearly one trillion dollars all over the world last year, which he claims is the largest trade deficit in the history of the country. He argues that these unsustainable losses are handing China more and more of America's jobs, victories, and long-term prosperity in exchange for cheap disposable consumer goods.
Trump also claims that China uses the money it receives from the US to buy up American real estate, factories, and wealth-creating industries, as well as to build up its military. He suggests that Biden's policies are putting America on a path to subservience and economic ruin, and that other countries are laughing at the US.
In contrast, Trump argues that under his leadership, the US will end the trade deficits, reclaim its independence, and launch a great economic boom. He claims that during his presidency, he had virtually no inflation, tremendous job creation, rapid wage growth, and more than 17,000 new factories open up for business in the US.
Finally, Trump outlines his plan to achieve these goals, which includes his strategic national manufacturing initiative. He says that the US will be bigger, better, and stronger than ever before and that they will do a great job, even better than they did two years ago.
In summary, former President Trump's video takes aim at President Biden's economic policies and argues that they are leading to a historic trade deficit that is damaging America's economic future. Trump outlines his own plan to cut the deficit, reclaim America's independence, and launch a great economic boom. Whether or not his plan will be successful remains to be seen.
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