Donald Trump: Tax China, Create Jobs in America

http://blog.aflcio.org/2010/04/15/trump-tax-china-create-jobs-in-america/

by Tula Connell, Apr 15, 2010



Donald Trump knows a few things about making money. The first step: You need a job. But a job is something more than 17 million of America’s workers don’t have.

In a recent CNN interview, Trump says one big way this country can create jobs is by heavily taxing China’s exports, which would result in the creation of much-needed manufacturing jobs here at home.

When it comes to manufacturing, China is making all these products. They could be made in North Carolina, they could be made in Alabama, they could be made in lots of our places and right now they’re not.

Personally, I’d tax China because it’s not a free trade country. I would tax China very, very heavily…it would create jobs in this country.

The truth is, if we tax China, fairly substantially…you would have so much money in this country, you wouldn’t have the trade deficits…you have trading deficits that are enormous in the United States….What will happen now, is other areas of the country will start manufacturing products, and that’s what this country needs. (H/t to Alliance for American Manufacturingfor Trump video clip.)

Some 2.4 million U.S. jobs were lost or displaced between 2001 and 2008 because of the U.S. trade deficit with China, according to the Economic Policy Institute (EPI). And high-tech jobs are being outsourced faster than those in any other sector. The Alliance for American Manufacturing has a great chart breaking down this job loss state by state. The map highlights how every state is affected by the U.S. trade deficit with China, like Georgia, which lost 78,000 jobs, nearly 2 percent of its employment.

FULL story at link.

the map correctly. Thank you for the post.