Trump: Will Cancel China’s Most Favored Nation Trade Status if Elected

Former President Trump stated at a campaign rally in St. Cloud, Minnesota over the weekend that if he is re-elected as President of the United States, he will revoke China’s most favored nation status. He emphasized his commitment to protecting workers in Minnesota by canceling China’s trade privileges. Trump highlighted how China, citing its status as a “developing country,” has secured favorable trade terms in agreements with the United States, a practice he intends to end through his proposed Trump Equal Trade Act.

Trump vowed to impose reciprocal tariffs on countries like China, stating that if they levy high tariffs on the US, they will face equivalent tariffs in return, emphasizing a policy of fairness in trade. He also pledged to revoke the Biden administration’s electric vehicle policy, arguing that while he supports electric cars, they should not completely replace traditional fuel vehicles, as they cater to different market segments and concerns regarding manufacturing origins, particularly China-made electric vehicles.

In a lengthy speech spanning nearly an hour and a half, Trump outlined his plans to increase domestic oil production, reduce inflation, and protect the steel industry in Minnesota. Despite Minnesota historically supporting Democratic candidates in past elections, Trump expressed confidence in winning the state in the upcoming November election, highlighting his narrow loss to Hillary Clinton in 2016 as evidence of his potential success.

The political landscape in the United States has seen significant shifts in recent months, with many analysts describing it as one of the most unpredictable election cycles. Following lackluster debate performances by President Biden and calls for his withdrawal from the race, Trump solidified his position within the Republican Party by selecting Ohio Senator JD Vance as his running mate at a campaign rally in Pennsylvania. Subsequently, Biden announced his withdrawal from the race in favor of Vice President Harris, leading to swift Democratic Party consolidation around her candidacy.

With the presidential election just around the corner, both Trump and Harris are gearing up for a contentious battle for the White House, with recent polls showing a close race without a clear frontrunner. As global attention shifts to the candidates’ stances on foreign policy and relations with China, the potential implications of a new administration’s policy changes are under scrutiny. The upcoming 100 days leading to the election are expected to be crucial in shaping the direction and priorities of the next US government.