Era of US’ economic surrender is over: Donald Trump
"Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone. After years of wage stagnation, we are finally seeing rising wages,” Trump said
President Donald Trump leaves after the State of the Union address to a joint session of Congress on Capitol Hill in Washington, Tuesday, January 30, 2018 (AP)
In a stern warning to countries like China, President Donald Trump Wednesday said the era of America’s “economic surrender” is over and the US is seeking to enter into new trade agreements with nations that commit to fair and reciprocal trade. In his first State of the Union address, Trump said his administration will work to fix bad trade deals and negotiate new ones to protect American workers.
“We will protect American workers and American intellectual property, through strong enforcement of our trade rules,” he said. “The era of economic surrender is over. From now on, we expect trading relationships to be fair and to be reciprocal. We will work to fix bad trade deals and negotiate new ones,” Trump said.
Trump had earlier criticised the one-sided and unfair trade relationship between the US and China and asserted that America must address the unfair trade practices that drive the trade deficit. Trump said his economic policies is resulting in new confidence in the country.
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