(USA Features) Former President Donald Trump said during a Saturday interview that trade deals negotiated during his administration are so effective that even his successor, President Joe Biden, won’t undo them.
“We got the USMCA [U.S.-Mexico-Canada Agreement] done, which has been an amazing deal for the United States,” Trump told Newsmax TV’s Dick Morris.
“He hasn’t [unwound it], and I don’t think he could at this point, because everybody is loving it and maybe the farmers more than anybody else,” Trump added. “The farmers are loving it, USMCA.”
The USMCA replaced NAFTA — the North American Free Trade Agreement — which Trump pledged he would do during his 2016 campaign because he said it was a better deal for Mexico and Canada than for the U.S.
He went on to say that trade agreements his administration struck with China were not undone by Beijing but rather by the COVID-19 pandemic.
“Now, China changed a lot after COVID, but before COVID, I made a trade deal with China, that benefited us incredibly,” Trump told Morris. “We were cutting their deficits.
“The farmers were doing better in the farm belt than they were ever doing before, than they ever done. The cost of grain. You know China buys so much under that deal, that it made our farmers do business again,” he said.
The former president added that Biden has so far left tariffs he imposed on China in place as well.
“We don’t know what he’s going to do, but it’s going to be very hard to end them because it’s been so much money,” he said. “It’s billions and billions of dollars that’s coming into our country.
“And it’s very hard for him to end them. He would have ended them already. He used to talk that he was going to end them, but I think his people said, ‘hey, wait a minute, we’re getting billions of dollars.'”
He went on to say that American corporations are “more competitive with the tariffs that I put on,” in addition to the lowering of the corporate tax rate he signed as part of tax reform passed by a Republican-controlled Congress in 2017.
“So, so far, he hasn’t ended them, because where do you replace that kind of money? Billions,” Trump continued. “And China never paid us anything. Over the years, they didn’t pay us anything.
“And now all of sudden, we’re getting billions and billions of dollars – tens billions of dollars per year.”