He also said if elected as the next US President, he would put a stop to massive trade deals with many countries.
"I have a different vision for our workers. It begins with a new, fair trade policy that protects our jobs and stands up to countries that cheat," Trump said while formally accepting the Republican nomination as the presidential candidate.
The 70-year-old real estate tycoon said he has made billions of dollars in business making deals - "now I'm going to make our country rich again".
"I am going to turn our bad trade agreements into great ones. America has lost nearly one-third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by Bill (Bill Clinton) and Hillary Clinton.
"It was Bill Clinton who signed NAFTA (North American Free Trade Agreement), one of the worst economic deals ever made by our country," he said, adding this will never happen again.
"She supported NAFTA, and she supported China's entrance into the World Trade Organisation - another one of her husband's colossal mistakes.
"She supported the job killing trade deal with South Korea. She has supported the Trans-Pacific Partnership (TPP). The TPP will not only destroy our manufacturing, but it will make America subject to the rulings of foreign governments," he said.
"I will make individual deals with individual countries. No longer will we enter into these massive deals, with many countries, that are thousands of pages long - and which no one from our country even reads or understands," he said.
The US, under his presidency, will enforce all trade violations, including through the use of taxes and tariffs, against any country that cheats, Trump said.
"This includes stopping China's outrageous theft of intellectual property, along with their illegal product dumping, and their devastating currency manipulation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
