Need To Renegotiate Trade Deals Not Working For U.S.: Hillary Clinton

Thursday, 23 June 2016, 00:14 IST
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WASHINGTON: The U.S. should renegotiate trade deals like TPP that do not benefit the country, presumptive Democratic presidential nominee Hillary Clinton said today as she called for getting tough on countries like China which dump products in America.

"I believe we can compete and win in the global economy. To do that, we should renegotiate deals that are not working for Americans, and reject any agreements - like the Trans-Pacific Partnership - that don't meet my high bar for raising wages or creating good-paying jobs," Clinton said in a major economic policy speech in Ohio.

"I will be tough on trade enforcement, too. Because when China dumps cheap steel in our markets or unfairly manipulates its currency, we need to respond forcefully," she said.

"And at the same time, we need to invest more at home. I have a 'Make it in America' plan to increase 21st century manufacturing and energy jobs in America. We are going to build on the great ideas of Senator Sherrod Brown, and invest $10 billion in manufacturing communities," she said.

Clinton said instead of causing large-scale misery and shrinking the economy, the country should pass sensible immigration reform with a path to citizenship.

"Because the youth and diversity of our workforce is one of our greatest assets. Most of the rest of the world that we compete with is aging, so by staying younger and fresher, with talents that can be put to work, we're actually going to be in a stronger economic position in the next decades," she said.

"We have always been a country where people born elsewhere could work hard, start businesses and contribute to our growth. That makes us stronger and more prosperous," the former Secretary of State said.

Clinton alleged Trump makes big threats, but he has no serious plan to encourage manufacturing, innovation or job creation in America.

"And there's a difference between getting tough on trade, and recklessly starting trade wars. The last time we opted for Trump-style isolationism, it made the Great Depression longer and more painful," she said.

"Interestingly, Trump's own products are made in a lot of countries that aren't named America. Trump ties are made in China; Trump suits, in Mexico; Trump furniture, in Turkey; Trump picture frames in India; and Trump barware in Slovenia. And I could go on and on, but you get the idea," Clinton said.

"And I'd love him to explain how all that fits with his talk about America First. I honestly believe that the difference between us is not just about policy. We have fundamentally different views of whether America is strong or weak," she added.

"See I believe in the ingenuity and productivity of our workers. I know we can sell our products to the 95% of global consumers who live outside of our country. On the other hand, Donald Trump never misses a chance to say that Americans, he's talking about us, to say that Americans are losers and the rest of the world is laughing at us," Clinton said.

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Source: PTI