Former President Donald Trump boasted about his success with international trade during his presidency on Thursday. He went so far as to rename a trade deal he proposed during his administration after himself.
Trump reflected on his reciprocal trade act and dubbed it the “Trump Reciprocal Trade Act.” He claimed it fixed many bad trade deals between the United States and foreign countries.
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“I did a great job in renegotiating trade deals with other countries. They were the worst, the most horrible deals I’ve ever seen. I often wondered to myself, ‘Who the hell negotiated these deals that were so bad?'” Trump told a New Hampshire audience.
“What I really wanted to do was the Trump Reciprocal Trade Act — you know what that is — that will go along with the Trump tax cuts, which they haven’t been able to terminate because we’ve drawn up so powerfully under the reciprocal trade act,” he said.
Trump said the trade act meant the U.S. would retaliate against any foreign company “that charges us, say, 100% or 200%” by charging them the same to operate in the U.S. market.
The former president also slammed President Joe Biden over his handling of the economy on Thursday, claiming Biden took down a strong and “booming” economy and replaced it with one plagued with high inflation.
“When I left office, we handed Joe Biden the fastest economic recovery ever recorded — all with no inflation,” Trump said. “He took that booming economy and he promptly blew it to shreds.”
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The Democratic National Committee rejected Trump’s characterization, stating that Trump’s job record was the “worst since the Great Depression.” It also claimed Trump rigged the economy for the “ultra-wealthy and biggest corporations.”
Trump’s comments come a few days after Biden announced he was running for reelection. Trump announced his third bid for the White House in November.
