You are here: Home » International » News » Politics
Business Standard

Will punish US firms producing, creating jobs in China, says Donald Trump

'If Biden wins, China will own America; if I win, I'll end manufacturing reliance'

Topics
US President Donald Trump | US Presidential elections 2020 | US China trade war

Emma Kinery & Josh Wingrove | Bloomberg 

President Donald Trump speaks during a campaign rally at Arnold Palmer Regional Airport
It’s the most important election in our history, right now, most important election in our history, Trump said

said he intends to curb the US economic relationship with China, contrasting himself with by threatening to punish any American companies that create jobs overseas and to forbid those that do business in China from winning federal contracts.

“We’ll manufacture our critical manufacturing supplies in the US, we’ll create ‘made in America’ tax credits and bring our jobs back to the United States and we’ll impose tariffs on companies that desert America to create jobs in China and other countries,” Trump said at a White House news conference where he complained at length about his Democratic re-election opponent.

“If they can’t do it here, then let them pay a big tax to build it someplace else and send it into our country,” he said of US corporations. “We’ll prohibit federal contracts from companies that outsource to China and we’ll hold China accountable for allowing the virus to spread around the world.” Trump has also recently entertained the idea of “decoupling” the US economy from China, a dream of US China hawks.

“Whether it’s decoupling or putting massive tariffs on China which I’ve been doing already,” he said. “We’re going to end our reliance on China because we can’t rely on China and I don’t want them building a military like they’re building right now and they’re using our money to build it.” “If Biden wins, China wins because China will own this country,” Trump said. “It’s the most important election in our history, right now, most important election in our history.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, September 09 2020. 01:22 IST
RECOMMENDED FOR YOU
.