Yeah -- READ it!
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As the world’s most important economy and consumer of goods, America must always negotiate trade agreements from strength. Branding China as a currency manipulator and exposing their unfair trade practices is not enough. In order to further strengthen our negotiating leverage, the Trump plan will:
Lower the corporate tax rate to 15% to unleash American ingenuity here at home and make us more globally competitive. This tax cut puts our rate 10 percentage points below China and 20 points below our current burdensome rate that pushes companies and jobs offshore.
Attack our debt and deficit by vigorously eliminating waste, fraud and abuse in the Federal government, ending redundant government programs, and growing the economy to increase tax revenues. Closing the deficit and reducing our debt will mean China cannot blackmail us with our own Treasury bonds.
Strengthen the U.S. military and deploying it appropriately in the East and South China Seas. These actions will discourage
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- I can filter my income and maximize my corporate officer tax-exempt and deferred benefits -- can you?
- Who or what is the target of " [w]aste, fraud and abuse in the Federal government ..." ?
- "[S]trengthen the U.S. military..." -- Who is the main beneficiary of increased military spending and why is it not [w]aste, fraud and abuse in the Federal government ..." ?
Typical election year rhetoric. Hillary is no better however IMHO.
Funny though, Richard Nixon and Henry Kissenger,
Kissinger and Hillary's relationship , opened the Chinese dialogue and trade relations years ago. So you want to pay $1,000 for a USA made iPhone and $1,800 for a mid range PC? How could this be inflationary? LMAO.
Maybe, these ideas will actually be deflationary -- consumer goods made in the USA with USA wages will be hard to afford -- I smell another recession/even depression coming.
Quote:
[M]r. Trump rants that as president he would punish Ford Motor Co. F 1.12 % for building a plant in Mexico by slapping a 35% tariff on Ford cars and parts imported from that plant. China and Japan are trade enemies and he would fix their wagons, too, by putting trade negotiations with them in the hands of wheeler-dealer Carl Icahn. His pugnacious hostility toward trading partners could be brushed off, but opinion polls suggest that what he says has a lot of resonance with the electorate.
Mr. Trump has been called the most protectionist candidate since Herbert Hoover, and there are certain resemblances. Hoover, like Trump, came late to politics. He had never held elected office before winning the presidency in 1928. Hoover, like Trump, amassed a fortune, but without the benefit of inheritance. A mining engineer, Hoover scouted the world for promising mineral deposits and opened mines to exploit them.
But Hoover’s trade policy caused him and the U.S. a lot of grief, and should serve as a warning to voters inclined to take Mr. Trump seriously. ...
Donald Trump, Meet Herbert Hoover - WSJ
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Time waits for no man and history will always repeat itself.
Good fuckin' luck ...