This story was originally published by the WND News Center.
President Donald Trump is blaming his "stupid" predecessors, who agreed to a list long of trade deals with other nations around the world, for setting up the crisis America now is facing with its trade imbalance.
It's because other nations expect to have access to America's market and consumers to build their businesses and economies, yet want to tariff American goods coming onto their shores with high rates.
Trump is working to level that field and benefit Americans and their economy, by pushing for high tariffs for goods from other nations.
His goal obviously is to persuade those countries to lift their tariff agendas against the U.S., and officials confirmed on Wednesday already 75 countries have already reached out to the U.S. to negotiate, and tariffs against them now are on pause. China, which has been belligerent on the issue, now is to be assessed tariffs of 125%, per Trump's orders.
Trump said that the situation is a result of years of bad trade policies.
"This started with the World Trade Organization which was owned and paid for by China… They said they were a developing nation… I blame the people sitting at this desk… They allowed this to happen."
His goal obviously is to persuade those countries to lift their tariff agendas against the U.S., and officials confirmed on Wednesday already 75 countries have already reached out to the U.S. to negotiate, and tariffs against them now are on pause. China, which has been belligerent on the issue, now is to be assessed tariffs of 125%, per Trump's orders.
Trump said that the situation is a result of years of bad trade policies.
"This started with the World Trade Organization which was owned and paid for by China… They said they were a developing nation… I blame the people sitting at this desk… They allowed this to happen."
He said his predecessors were "stupid" or "incompetent" and a fight against overseas tariffs on behalf of America should have happened "years ago. Before [Barack] Obama in all fairness."
"I blame the people sitting at this desk more than I blame China," he continued. "Because our people here were stupid. Maybe corrupt. How do you get to be president when you're stupid?"
He said someone with a reading level of a first-grader could see the deals that were made over time, and say "These are terrible deals."
