Donald Trump Delivers Remarks on the U.S. Economy CSPAN July 2, 2016 3:00pm-3:38pm EDT
top. let's get to work, ohio. let's knock on doors and register voters. let's send alicia reed back to -- let's send ted strickland to the senate with sherrod brown. let's send alicia reed back to columbus. let's get strong progressive leaders like senator warren in washington. let's take our country in the right direction with confidence and optimism. that is what we can do together. thank you, ohio. god bless you. [applause] [cheers] >> ♪ this is my fight song, take back my life song know i'm alright song my powers turned on starting right now i'll be strong i'll play my fight song nd i don't really care
president obama takes to the campaign trail with hillary clinton. live coverage begins at 3:00 p.m. et on c-span2. republican presidential candidate donald trump give a speech tuesday on trade policy. he criticized the north american free trade agreement. he spoke at an industrial plant for about 35 minutes. trump: thank you everyone. i appreciate it. owner ofe to thank the the plant. for to thank rick santorum being here and for the endorsement. all of the amazing workers.
the most important. i know that you have been through some tough times, that will make it better, and we will make it better fast. just watch. today, i'm going to talk about how to make america wealthy again. have to do it. we are 30 miles from steel city. played a central role in building our nation. the legacy of pennsylvania steelworkers lives in the bridges, railways, and skyscrapers that make up our great american landscape. repaidker's loyalty was with total the trail. our politicians have aggressively pursued a policy of globalization. andng our jobs, our wealth,
our factories to mexico and overseas. globalization has made the financial elite who donated to politicians, very wealthy. i used to be one of them. i hate to say it. but i used to be one. it has left millions of our workers with nothing but poverty and arctic. -- heart ache. --n subsidized foreign seal foreign steel is dumped into our markets, politicians have proven they do nothing. for years, they watched on the sidelines as our jobs finished and our communities were plunged into depression-level unemployment. many of these areas have never recovered and never will and less i become president.
then they will recover fast. skilled trades people and factory workers hats in the jobs they love shift thousands of miles away. oncepennsylvania towns, striving and humming are in a state of total disrepair. this wave of globalization has wiped out our middle class. it doesn't have to be that way. we can turn it around and we can turn it around fast. [applause] but if we are going to deliver real change, will have to reject the campaign of fear and
intimidation being pursued by powerful corporations, media elites, and political dynasties. the systemwho rigged for their benefit will to anything and say anything to keep things the way that they are. rigged the system are supporting hillary clinton because they know that as long as she is in charge, nothing will change. the factories will remain closed, the borders will remain open. special interests will remain firmly in control. hillary clinton and her friends in global finance want to scare americans into thinking small. they want to scare american people out of voting for the better future. you have a great future, folk s. these people have given her tens of millions of dollars.
my campaign has the absolute opposite message. i want you to imagine a much better life. a life where you can believe in the american dream again. that.now, you can't do i want you to imagine how much better the future can be if we declare independence from the from oneo led us financial foreign-policy disaster to another. our friends in britain recently voted to take back control of the economy, politics, and borders. i was on the right side of that issue, as you know, with the people.
both hillary and president obama protected that one and many others totally wrong. now it is time for the american people to take back their future . to take it back. that is the choice that we face. to hillaryer give in clinton's campaign of fear or we can choose to believe again in america. way wheny, we lost our we stopped believing in our country. america he came the world's
dominant economy by becoming the world's dominant producer. you know that from right here in this plant. [applause] mr. trump: the wealth is created, shared broadly, creating the biggest middle-class the world has ever known. then america changed its policy from promoting development in america to promoting development in other nations. that is what is happening. we allowed foreign countries to subsidize their goods, devalue their currencies, violate their agreements, cheat in every way imaginable. our politicians did nothing about it. trillions of our dollars and millions of our jobs flowed overseas as a result. i visited cities and towns across the country where one third or one half of manufacturing jobs have been wiped out in the last 20 years. today, we import $800 billion more in goods than we export. we cannot continue to do that.
it is the consequence -- [applause] mr. trump: it is the consequence of a leadership class that worships globalism over americanism. this is a direct affront to our founding fathers who wanted this country to be strong. they wanted to be independent, free. [applause] mr. trump: our founding fathers understood trade much better than our current politicians, believe me. [applause] mr. trump: george washington said that the promotion of domestic manufacturing would be among the first consequences to flow from an energetic government. alexander hamilton spoke frequently of the expediency of encouraging manufacturing in,
in, in the united states. [applause] mr. trump: listen to this. the first republican president, abraham lincoln, warned "the abandonment of the protective policy by the american government will produce want and ruin among our people." he understood it better than our current politicians. that is why he was abraham lincoln, i guess. [applause] mr. trump: our original constitution did not even have an income tax. instead it had tariffs emphasizing taxation of foreign, not domestic, production. yet today, 240 years him after the revolution, we have turned things completely upside down. we tax, regulate, and restrict
our companies to death and allow foreign countries that cheat to export their goods to us, tax-free. how stupid is that? how could it happen? how stupid is this? [applause] mr. trump: as a result, we have become more dependent on foreign countries than ever before. ladies and gentlemen, it is time to declare our economic independence once again. that means -- [applause] mr. trump: that means voting for donald trump. [cheering] mr. trump: i will do it, no doubt about it. not even a little doubt. it also means reversing two of the worst legacies of the clinton years. america has lost 1/3 of its manufacturing jobs since 1997. even as the country has increased the population by 50 million people. at the center of the catastrophe
are two trade deals pushed by bill and hillary clinton. the north american free trade agreement, or the disaster called nafta. second, china's entry into the world trade organization. nafta was the worst trade deal. china's entrance into the world trade organization has enabled the greatest job theft in the history of our country. it was bill clinton who signed nafta. people don't remember. in 1993 -- and hillary clinton who supported it.
the havoc that it wreaked after he left office was unbelievable. it was also bill clinton who lobbied for china's disastrous entry into the world trade organization, and hillary clinton who backed that terrible, terrible agreement. as secretary of state, hillary clinton stood by idly while china cheated on its currency, added another trillion dollars to the trade deficit, and stole hundreds of billions of dollars in our intellectual property. [applause] mr. trump: i have been talking about china for many years. you know what? no one listens. they are listening now. that, i can tell you. [applause] mr. trump: the city of pittsburgh and the state of pennsylvania have lost 1/3 of their manufacturing jobs since the clinton's put china into the wto.
50,000 factories across america have shut their doors in that time. this factory, because of your great owners, dave and gloria, is hanging in. they just told me, it is not easy. almost half of all of our manufacturing and trade deficits, and goods with the world, is the result of trade with china. it was also hillary clinton, the secretary of state, who shoved us into a job-killing deal with south korea as reported by the economic policy institute in may.
this deal -- trade deficit with south korea and destroyed nearly 100,000 american jobs. as bernie sanders said, hillary clinton voted for every trade agreement that has cost the workers of this country millions of jobs. [applause] mr. trump: trade reform and the negotiation of great trade deals is the quickest way to bring our jobs back to our country. [applause] mr. trump: to understand why trade reform creates jobs and it creates a lot of them, we need to understand how all nations grow and prosper. massive trade deficit subtracts directly from our gross domestic product. from 1947 to 2001, a span of over five-decades, our inflation adjusted gross domestic product grew at a rate of 3.5%.
since 2002, after we fully opened our markets to chinese imports, the gdp growth rate has been cut in half. what does this mean for america? not good. for every 1% of gdp growth we failed to generate in any given year, we failed to create over one million jobs. what a waste. what a sad, sad thing. [applause] mr. trump: american's job creation deficit, due to slower growth since 2002, is well over 20 million jobs. that is just about the number of jobs our country needs right now
to put america back to work at decent wages. wages are very low, because there is no competition. they will go up because we're going to thrive as a country. [applause] mr. trump: the transpacific partnership is the greatest danger yet. the tpp, as it is known, would be the death blow for american manufacturing. it would give the economic leverage on international commission that would put the interest of foreign countries above our own. it would open our markets to aggressive cheaters. they are not playing by the rules. they are cheating. it would make it easier for trading competitors to ship cheap subsidized goods into the united states markets while allowing foreign countries to continue putting up barriers in front of our exports. it is very hard to export to their countries. they make it difficult.
we on the other hand -- come on in, everybody. come on in. bad leadership. the tpp would lower tariffs will leaving in place for and practices that keep american cars from being sold overseas. that isn't all. china will enter the tpp through the back door at a later date. they are watching, studying, and they are not in it now, but if it is good, they will be there. if it is not, they will pass. the agreement will force american workers to compete directly against workers from vietnam. one of the lowest wage countries on earth. not only will the tpp undermine our economy, but our independence.
that is what is happening. the tpp creates a new international commission that makes decisions the american people are no longer given the right to veto. these commissions are great for hillary's wall street funders who can spend vast amounts of money to influence the people on the commissions and the outcome. it should be no surprise that hillary clinton, according to bloomberg, took a leading part in drafting the transpacific partnership. please remember that. especially in november. [applause] mr. trump: she praised or pushed the tpp on 45 separate occasions and even called it "the gold standard." hillary clinton was totally for the tpp just a short while ago.
when she saw my stance, which is totally against, she was shamed into saying she would be against it too. i will tell you, it was the same shame she had recently where she was forced into saying "radical islamic terrorism." she didn't want to say it, but she was shamed into that one. [applause] mr. trump: have no doubt that she will immediately approve it if it is put before her. that is guaranteed. guaranteed. she will do this just as she has betrayed american workers. from wall street and throughout her career.
her whole career she has betrayed the american worker. she is trying to put on a good front. she will betray you again. her career and her husband have signed so many disasters. never forget nafta. you know what it has done and i know what it has done. in touring, i've seen the devastation it left behind. she would make a small token change, declare the tpp pact fixed, ram it through, and you will suffer. that is why hillary is saying she only has problems with tpp in its current form. that means they will make a two-word change, they will fix it, and she will feel great. she can rush to embrace it again and will at the earliest opportunity. if the media doesn't believe me, i have a challenge for you and hillary. ask hillary if she is willing to
withdraw from the tpp her first day in office and unconditionally rule out its passage in any form. [applause] mr. trump: and there's no way to fix tpp. we need bilateral trade deals. we do not need to enter into another massive international agreement that ties us up and binds us down, like tpp does. [applause] mr. trump: a trump administration will change our trade policies, quickly. [applause] mr. trump: thank you. here are seven steps i would pursue right away to bring back our jobs. number one, i am going to
withdraw the united states from the transpacific partnership, which has not yet been ratified. [applause] mr. trump: i am going to appoint the toughest and smartest, and i know them all, trade negotiators to fight on behalf of american workers. [applause] mr. trump: i am going to direct the secretary of commerce to identify every violation of trade agreements a foreign country is currently using to harm you, the american worker. [applause] mr. trump: i will then direct
all appropriate agencies to use every tool under american and international law to end these abuses. abuse is the right word. [applause] mr. trump: number four, i am going to tell our nafta partners that i attend to immediately renegotiate the terms of that agreement to get a better deal by a lot. not just a little, by a lot for our workers. [applause] mr. trump: if they don't agree to a renegotiation, which they might not because they are so used to having their own way -- not with trump, they won't have their own way. [applause] mr. trump: then, i will submit under article 2205 under the
nafta agreement that america intends to withdraw from the deal. [applause] mr. trump: number five, i will instruct my treasury secretary to label china a currency manipulator, which should have been done years ago. [applause] mr. trump: any country that devalues their currency in order to take unfair advantage of the united states, which is many countries, will be met with sharply. that includes tariffs and taxes. [applause]
mr. trump: number six, i am going to instruct the u.s. trade representative to bring trade cases against china, both in this country and at the wto. [applause] mr. trump: china's unfair subsidy behavior is prohibited under the terms of its entrance to the wto. i intend to enforce those rules and regulations. basically, i intend to enforce the agreements for all countries, including china. [applause] mr. trump: seven, if china does not stop illegal activities, including the theft of american trade secrets, i will use every lawful -- this is so easy, i love saying this -- i would use every lawful presidential power to remedy trade disputes, 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. when they say trade expansion, they are talking about other countries, not us. there is no expansion. they get the expansion, we get the joblessness. that is the way it works. it is not going to happen anymore. [applause] mr. trump: president reagan deployed similar trade measures when motorcycle and semi conductor imports threatened u.s. industry. i remember. his tariff on japanese motorcycles was 45%. his tariff to shield american semi conductor industry was 100%.
that had a big impact. a big impact. hillary clinton and her campaign of fear will try to spread the lie that these actions will start a trade war. you already have a trade war and we are losing badly. [applause] mr. trump: she has it completely backwards. hillary clinton unleashed a trade war against the american worker when she supported one terrible deal after another. from nafta, to china, to south korea. it doesn't matter where she went, the american worker was hurt. you will be hurt worse than before if she becomes president of the united states. that i can tell you. [applause] mr. trump: a trump administration will end the war by getting a fair deal for the american people and the american worker. the era of economic surrender will finally be over.
you are not going to see it anymore. i cannot guarantee it, because after me they will probably start doing it again. but we will have four and maybe eight great productive years. and we will never go back and we make sure we never go back. [applause] mr. trump: thank you. thank you, very much. thank you. a new era of prosperity will finally begin. america will be independent once more. doesn't that sound great? [applause] mr. trump: under a trump presidency, the american worker will finally have a president who will protect them and fight for them. [applause] mr. trump: we will stand up to trade cheating. cheaters, that is what they are. we will stand up to trade cheats anywhere and everywhere it threatens the american job. [applause]
mr. trump: we will make america the best place in the world to start a business. we will hire workers who will open factories, and we will get rid of these horrible regulations that make it impossible to do business in this country. [applause] mr. trump: this will also include massive tax reform to lift the crushing burden on american workers and businesses. we will get rid of all of these rules, problems, and bureaucracy which are destroying absolutely destroying our job creation capacity. we used to be the best in the world. now we are getting close to the bottom.
[applause] mr. trump: many people think these regulations are an even greater impediment than the fact that we are one of the highest taxed nations in the world. we are also going to fully capture america's tremendous energy capacity. this will create for our workers growth for our economy and begin reducing our budget deficits which are massive. yearly budget deficits are massive. on trade deficits, we don't want to talk about it. our budget deficits are massive. hillary clinton wants to shut down energy production and the mines. she wants to shutdown, she said
it recently, she wants to shut down the miners. i want to do exactly the opposite. [applause] mr. trump: a trump administration will ensure that we start using american steel for american infrastructure. [applause] mr. trump: and aluminum. [applause] mr. trump: just like the american steel from pennsylvania that built the empire state building, it will be american steel that will fortify america's crumbling bridges. it will be american steel that sends our skyscrapers soaring into the sky. a beautiful site. more beautiful with american steel. it will be american steel that
rebuilds our cities. -- we built our inner cities. it will be american hands that remake this country. it will be american energy mined from american resources that powers this country. [applause] mr. trump: it will be american workers who are hired to do the job. nobody else. american workers. [applause] mr. trump: we are going to put american steel, and aluminum, back into the backbone of our country. [applause] mr. trump: this alone will
create massive numbers of jobs. high-paying jobs. good jobs. not the jobs we have today, which everyone agrees are bad jobs. we will create massive numbers of good jobs. on trade, immigration, foreign policy, we are going to put america first again. [applause] mr. trump: we are going to make america wealthy again. [applause] mr. trump: we're going to reject hillary clinton's policy of fear and her policy of absolute nonsense, because it is not working. it is grossly incompetent, we cannot take it any longer, and we are not going to take it any
longer. [applause] mr. trump: we are going to embrace the possibilities of change, but real change, not obama change. real change. [applause] mr. trump: it is time to believe in the future. it is time to believe in each other. it is time to believe in america again. this is how we are going to make america great again for all americans. for all americans. [applause] mr. trump: we are going to make america great again for everyone. greater than ever before. i promise you, if i become president, we will be working again. we will have great jobs again. you will be proud of your president. you will be proud, proud, proud of your country once again for -- once again. thank you, very much. i appreciate it.