China breaking rules, will adopt tough stance against it: Trump

August 09, 2016 00:12

Claiming that China is responsible for nearly half of the United States' entire trade deficit, Republican presidential nominee Donald Trump on Monday vowed to adopt a tough posture against Beijing if voted to power and alleged that the country was breaking rules in every way imaginable.

"At the centre of my plan is trade enforcement with China. This alone could return millions of jobs into our economy," Trump said in his major economic policy speech which among others included strong protections against currency manipulation, tariffs against any countries that cheat by unfairly subsidising their goods and a renegotiation of the North American Free Trade Agreement.

"If we don't get a better deal, we will walk away," the 70-year-old real estate tycoon said.

He claimed that China was responsible for nearly half of US' entire trade deficit. Trump alleged that China breaks the rules in every way imaginable.

"China engages in illegal export subsidies, prohibited currency manipulation, and rampant theft of intellectual property. They also have no real environmental or labour protections, further undercutting American workers," Trump said.

Trump said that along with that the saved jobs from cracking down on currency cheating and product dumping, will bring trillions of dollars in new wealth and wages back to the United States.

The Republican presidential nominee also lashed out at South Korea, which he claimed perfectly illustrates the broken promises that have hurt so many American workers.

« Back to LIVE

TOP STORIES

Meet Baldev Kumar from Punjab, first outsider to contest J-K LS polls

The abrogation of Article 370 in August 2019 paved the way for outsiders to contest polls in the Union Territory.

IPL PIX: Rahul, de Kock power LSG to easy win over CSK

Openers KL Rahul and Quinton de Kock hit fifties as LSG trounced CSK by eight wickets.

Phase 1 sees nearly 63% polling amid stray incidents of violence

"The voting percentage is likely to go upwards when reports from all polling stations are obtained as polling is scheduled till 6 pm in many constituencies. Final figures will be known on Saturday after the scrutiny of form 17A," the EC...

Manipur records 68% polling marred by violence, firing, booth capturing

At Thamnapokpi under Moirang constituency in Bishnupur district, armed men fired several rounds in the air near a polling booth prompting voters to flee, police said on Friday, adding additional security personnel were rushed to the spot...

Air India to soon have new crew management system

Air India will soon have a new crew management system that will help strengthen rostering rules and enable faster recovery from scheduled disruptions. In a message to the staff on Friday, Air India CEO and MD Campbell Wilson said that...