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Published On: Wed, Aug 10th, 2016

TRANSCRIPT: Donald Trump’s economic, tax plan speech in Detroit

Upon taking office, I will issue a temporary moratorium on new agency regulations. My running mate, Mike Pence, signed a similar order when he became governor of Indiana. This will give our American companies the certainty they need to reinvest in our community, get cash off of the sidelines, start hiring for new jobs, and expanding businesses.

I will also immediately cancel all illegal and overreaching executive orders.

Next, I will ask each and every federal agency to prepare a list of all of the regulations they impose on Americans which are not necessary, do not improve public safety, and which needlessly kill jobs. Those regulations will be eliminated.

We are in a competition with the world, and I want America to win. When I am president, we will.

One of the most important reforms of all is trade reform

As Bernie Sanders has said, Hillary Clinton has bad judgment. 40 We’ve seen this bad judgment overseas, in Libya, Iraq, and Syria. We’ve seen it in Iran. We’ve seen it from President Obama, when he gives $150 billion to Iran, the number one terror state, and even gives them $400 million in money-laundered cash as a ransom payment.

But we’ve also seen the terrible Obama-Clinton judgment right here in Detroit

Hillary Clinton has supported the trade deals stripping this city, and this country, of its jobs and wealth.

She supported Bill Clinton’s NAFTA, she supported China’s entrance into the World Trade Organization, she supported the job-killing trade deal with South Korea, and she supports the Trans-Pacific Partnership.

Let’s talk about South Korea for a moment, because it so perfectly illustrates the broken promises that have hurt so many American workers.

President Obama, and the usual so-called experts who’ve been wrong about every trade deal for decades, predicted that the trade deal with South Korea would increase our exports to South Korea by more than $10 billion – resulting in some 70,000 jobs.

Like Hillary Clinton’s broken promises to New York, these pledges all turned out to be false. Instead of creating 70,000 jobs, it has killed nearly 100,000, according to the Economic Policy Institute. Our exports to South Korea haven’t increased at all, but their imports to us have surged more than $15 billion – more than doubling our trade deficit with that country.

The next betrayal will be the Trans-Pacific Partnership. Hillary Clinton’s closest friend, Terry McAuliffe, confirmed what I have said on this from the beginning: if sent to the Oval Office, Hillary Clinton will enact the TPP. Guaranteed. Her donors will make sure of it.

A vote for Hillary Clinton is a vote for TPP – and it’s also a vote for NAFTA.

Our annual trade deficit in goods with Mexico has risen from close to zero in 1993 to almost $60 billion. 54 Our total trade deficit in goods hit nearly $800 billion last year.

This is a strike at the heart of Michigan, and our nation as a whole.

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