Trump unfolds his economic plan which promises annual growth of 3.5%
Republican nominee Donald Trump said that under his economic plan, the U.S. economy would average 3.5 percent economic growth over the next 10 years and create 25 million new jobs.
Trump gave an economic speech in New York Thursday morning, where he struck an optimistic tone. “Everything that is broken today can be fixed, and every failure can be turned into a great success,” he said at the Economic Club of New York.
Trump called for a national goal of reaching 4 percent annual economic growth, and asserted that he and his economic team have plans to attain that level. He said that under his plan, over the next 10 years the economy would average 3.5 percent growth and create 25 million new jobs.
The U.S. had experienced sluggish economic growth in the first half of 2016, but the last few monthly jobs reports have shown a steady increase in the creation of new jobs.
He criticized trade deals such as NAFTA, and promised to keep America out of the Trans-Pacific Partnership. The billionaire offered strong language in regards to China, vowing to label the communist country as a “currency manipulator.” Trump also said he would instruct the U.S. trade representative to bring trade cases against China, and said, “China’s unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.”
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