Trump on China Trade Deal, Lowering Taxes, and US Economic Strategy

China Trade Negotiations

• 🇨🇳 President Trump stated that the US will achieve a "fair deal" with China and that both countries are "actively" talking.
• 🎯 He believes China can no longer "get away with it" and that the US will no longer be "ripped off by every country."

Economic Impact and Losses

• 💸 Trump claims the US was losing "three to five billion dollars a day" under previous administrations, escalating to "a trillion dollars a year" under Biden.
• 📈 He asserts that under his proposed policies, the US will start "making money with everyone."

Tax Policy and Historical Context

• 🏛️ Trump plans to "substantially lower taxes" for Americans once the current trade situation is resolved.
• 📊 He referenced the historical shift from a tariff-based economy to an income tax system in 1913, suggesting that the earlier tariff system led to the country's greatest proportional wealth.