Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Trump on Trade
Whatever one may think of newly-announced Presidential candidate Donald Trump and his positions on issues, there is no denying his acumen and success as a businessman. He clearly brings a pragmatic approach to developing business strategies and negotiating business deals. So what has he said about international trade and how the US conducts it?
Using OnTheIssues.org as a convenient source, we first see that he strongly embraces globalization and international markets. He is clearly "pro trade" (just as are most of the opponents of TPA/TPP who are unfairly characterized as being anti-trade.) But not surprisingly, the strategy and tactics reflected in his statements on trade reflect those of a goal-oriented businessman who takes positions consistent with being the CEO of "America Incorporated", not of a lifelong USTR bureaucrat. (I.e., acting just like the leaders of our trading partners already do.)
Specifically, he says trade must be "fair" as well as free and that it is now not fair. Accordingly, he has made a significant across-the-board tariff on imported goods part of his overall tax plan. He termed NAFTA "a disaster" and views the Korean FTA as "so bad, so embarrassing, that you can hardly believe anyone would sign such a thing." He feels we must negotiate better on any future deals and renegotiate our bad past deals.
The bottom line is really that he believes our Executive should advance trade by, in my words, making decisions as CEO of America Inc.
America being strategic by acting in our own self interest! What a novel idea.
Comment by Pat, 8/25/2015:
Trump suggesting trade deals are not currently fair, and haven't been for some time?
not a novel idea, and what America has been saying all along?
Trump a leader, or a late comer to the problems everyone else already recognizes?
Kindred spirit for America, finally, in the GOP?
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