Trump: I Will Label China A Currency Manipulator And Enforce WTO Rules They Break

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In a speech in Tampa Wednesday afternoon, Donald Trump outlined a seven-point plan to bring millions of jobs to the U.S. He proposed renegotiating trade agreements like the Trans-Pacific Partnership and NAFTA and also challenging China for "illegal activities."

"I am going to instruct my Treasury Secretary to label China a currency manipulator," he said. "Any country that devalues their currency in order to take unfair advantage of the United States will face tariffs to stop the cheating."

"I am going to instruct the U.S. Trade Representative to bring trade cases against China, both in this country and at the WTO," he also said. "China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules."

"If China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful presidential power to remedy trade disputes, including the application of tariffs consistent with federal law," he added.

Transcript, as prepared:

The good news is, if we win on November 8th, these jobs are coming back.

Here are 7 steps to bring back our jobs, and creating millions of new jobs:

One: I am going to withdraw the United States from the Trans-Pacific Partnership, which has not yet been ratified.

Two: I am going to appoint the toughest and smartest trade negotiators to fight on behalf of American workers.

Three: I am going to direct the Secretary of Commerce to identify every violation of trade agreements that a foreign country is currently using to harm our workers. I will then direct all appropriate agencies to use every tool under American and international law to end these abuses.

Four: I am going tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers. If we don’t get the deal we want, we will walk away.

Five: I am going to instruct my Treasury Secretary to label China a currency manipulator. Any country that devalues their currency in order to take unfair advantage of the United States will face tariffs to stop the cheating.

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. China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.

Seven: If China does not stop its illegal activities, including its theft of American trade secrets, I will use every lawful presidential power to remedy trade disputes, including the application of tariffs consistent with federal law.

If we take these steps, jobs and factories will come roaring back into our country.

We can use the new money to rebuild our roads, bridges and airports.

Manufacturing is also a matter of national security. We need to build, produce and create right here in America.

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