Trump: ‘We Used To Be a Nation of Tariffs’

‘When other countries would come to the United States, they had to pay for the privilege of taking our product, of taking our jobs’

RUSH EXCERPT:

TRUMP: "By the way, we’re really — I’ve always said $71 billion. Mexico, we’re $130 million. Mexico charges a 16% vat tax. Nobody ever talks about that. They do it. That deal was bad the day they made it because they had a tax and we didn’t. So they have a 16% vat tax. Nobody ever talks about it. But I talk about it. We’re either going to renegotiate nafta, and I said we won’t put the tariffs on Mexico and Canada and Canada’s brutal. Canada’s really tough. We have a big deficit with Canada too. They send in timber, they send in steel, they send in a lot of things but our farmers in Wisconsin are not treated well when we want to send things to them. Hey, and I don’t blame them. Why should I blame them? Because they just outsmarted our politicians for decades. And I don’t mean Obama. I mean all of them. Since bush the first, and that includes — that includes a lot of people. Frankly, Ronald Reagan. You remember. I didn’t love his — I thought he was great. I loved his style, his attitude. He was a great cheerleader for the country but not great on the trade. For many, many years they’ve been outsmarting. We used to be a nation of tariffs. When other countries would come to the United States, they had to pay for the privilege of taking our product, of taking our jobs. They had to pay. They wanted to come in and sell product, they had to pay. Today in China they sell a car to us, T 22 — 2.5%. We sell a car in China, it’s 25%. Why is that 25 and we’re 2.5? That’s why we have a trade deficit with China of $500 billion a year. It’s no good. But we’re changing it and it takes a little while. I’m there a year, a little more than a year, we’re changing it.

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