Trump follows business model by slapping his name on trade plan
Trump Renames Trade Deal After Himself
Former President Donald Trump is not one to shy away from self-promotion. During his presidency, he boasted about his success with international trade, going so far as to rename a trade deal he proposed after himself.
Trump reflected on his reciprocal trade act and dubbed it the “Trump Reciprocal Trade Act.” He claimed it fixed many bad trade deals between the United States and foreign countries.
Trump Takes Credit for Economic Recovery
Trump also took credit for the economic recovery during his presidency, stating that he renegotiated trade deals with other countries that were “the worst, the most horrible deals I’ve ever seen.” He told a New Hampshire audience, “What I really wanted to do was the Trump Reciprocal Trade Act — you know what that is — that will go along with the Trump tax cuts, which they haven’t been able to terminate because we’ve drawn up so powerfully under the reciprocal trade act.”
Trump said the trade act meant the U.S. would retaliate against any foreign company “that charges us, say, 100% or 200%” by charging them the same to operate in the U.S. market.
The former president also slammed President Joe Biden over his handling of the economy on Thursday, claiming Biden took down a strong and “booming” economy and replaced it with one plagued with high inflation.
“When I left office, we handed Joe Biden the fastest economic recovery ever recorded — all with no inflation,” Trump said. “He took that booming economy and he promptly blew it to shreds.”
DNC Rejects Trump’s Claims
The Democratic National Committee rejected Trump’s characterization, stating that Trump’s job record was the “worst since the Great Depression.” It also claimed Trump rigged the economy for the “ultra-wealthy and biggest corporations.”
Conclusion
Trump’s comments come a few days after Biden announced he was running for reelection. Trump announced his third bid for the White House in November.
- Trump renamed his reciprocal trade act after himself
- He claimed it fixed many bad trade deals between the US and foreign countries
- Trump took credit for the economic recovery during his presidency
- He slammed President Biden over his handling of the economy
- The DNC rejected Trump’s claims and accused him of rigging the economy for the ultra-wealthy
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