Republican presidential nominee Donald Trump has called for a transformation of U.S. trade policy, emphasizing protectionism and a rejection of the Trans Pacific Partnership (TPP).
On August 22, Trump elaborated on his economic plan during a campaign rally in Akron, Ohio. During his speech, the GOP nominee demanded that a special prosecutor investigate the Clinton Foundation and made an appeal to African American and Hispanic voters, Politico reports.
The business mogul also laid out his vision for U.S. trade.
“The era of economic surrender is over,” Trump said, according to a transcript of the speech posted on his official Facebook page. “A new era of American Greatness is beginning. No state has been hurt worse by the Hillary Clinton trade policies than Ohio.”
Trump blasted his election rival, Democratic nominee Hillary Clinton, for her previous stances on trade.
Trump noted that former President Bill Clinton signed off on the North American Free Trade Agreement (NAFTA) and slammed Hillary Clinton for having supported China’s entrance into the World Trade Organization.
The GOP nominee also asserted that Clinton would pass TPP, despite her public denunciation of the trade deal.
“Our trade deficit with the proposed TPP member countries cost the state of Ohio more than 100,000 manufacturing jobs last year,” Trump said. “Imagine how many more jobs would be lost if TPP was actually approved.”
Trump promised that he would block the trade deal if elected into office.
“We will win this election, and we will keep America out of the TPP,” Trump continued. “We will defend our freedom, our jobs, and our economic independence. It’s going to be America First.”
The GOP nominee proposed massive tax cuts, lifting energy regulations, and repealing the Affordable Care Act. While he did not offer specifics on how the U.S. would engage in trade deals, Trump concluded that his “trade reforms will raise wages, grow jobs and add trillions in new wealth into our country.”
Trump’s stance on trade is at odds with the view of the majority of U.S. business economists. A survey conducted by the National Association for Business Economics found that only 14 percent of its members believe that Trump is the best presidential candidate to manage the U.S. economy, The Hill reports.
The poll also found that 65 percent of respondents believe that U.S. trade should become increasingly more open and free while only 9 percent were in favor of being more protectionist.