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]What is Trumponomics and how does it differ from standard Republican economics ?
Well it’s an interesting question. I don’t think it’s ever been asked quite that way.
But it really has to do with self-respect as a nation.
It has to do with trade deals that have to be fair, and somewhat reciprocal, if not fully reciprocal.
And I think that’s a word that you’re going to see a lot of, because we need reciprocality in terms of our trade deals. We have nations where…they’ll get as much as 100% of a tax or a tariff for a certain product and for the same product we get nothing,
OK? It’s very unfair.
And the very interesting thing about that is that, if I said I’m going to put a tax on of 10%, the free-traders, somewhat foolishly, they’ll say “Oh, he’s not a free-trader”, which I am, I’m absolutely a free-trader.
I’m for open trade, free trade, but I also want smart trade and fair trade.
But they’ll say, “He’s not a free-trader,” at 10%. But if I say we’re putting a reciprocal tax on, it may be 62% or it may be 47%, I mean massive numbers, and nobody can complain about it.
It’s really sort of an amazing thing.
So that’s the story. It very much has to do with trade.
We have so many bad trade deals.
To a point where I’m not sure that we have any good trade deals.
I don’t know who the people are that would put us into a NAFTA, which was so one-sided.
Both from the Canada standpoint and from the Mexico standpoint.
Wilbur [Ross, the secretary of commerce] will tell you that, you know, like, at the court in Canada, we always lose.
Well, the judges are three Canadians and two Americans. We always lose. But we’re not going to lose any more. And so it’s very, very unfair
On another element of Trumponomics, immigration…
Do you want to curb legal immigration?
Oh sure, you know, I want to stop illegal immigration.
And what about legal immigration? Do you want to cut the number of immigrants?
Oh legal, no, no, no.
I want people to come into the country legally.
I was all set to terminate, you know? And this wasn’t like…this wasn’t a game I was playing. I’m not playing…you know, I wasn’t playing chess or poker or anything else. This was, I was, I’d never even thought about…it’s always the best when you really feel this way.