I concluded that the trade agreements weren't working as promised, and was depreciating the wages and the manufacturing base, and the jobs of Americans, and that both needed to change, and Donald Trump was out there. So I went to his rally.
Donald Trump believed that the whole history of trade agreements, most of which I've supported over the years, have not been effective, and I've come to believe he's right.
I supported the Korean Trade Agreement in 2011. They promised - when it was signed, President [Barak] Obama said it would increase our exports to Korea by $10 billion a year.That creates jobs in America.Since - last year, 2015, there was no increase, like instead of billions of dollars there was like a $100 million increase in our exports to Korea, whereas as their imports to us went up $12 billion, and our trade deficit increased 240 percent.
We've got people in the Republican Party that just believe that if you just cut taxes for corporations, and that you have more trade, and we just bring in more people from abroad, that this is going to help the average guy. Well, it's not. I mean, this is an honest dispute. We're going to have a dispute about it. The American people agree with [Donald] Trump and I agree with Trump on those things.
My advice is to listen and accept the will of the American people, the Republican voters. The Republican Party is the Republican voters, and Republican voters oppose these trade agreements more than Democrat voters do.
[Donald] Trump is underestimated greatly in terms of his understanding and comprehension of the great issues facing America. He understands trade. He's got businesses all over the world. He understands currency and how manipulating currency can be damaging to America.
They [Democratic Party ] did not do what they promised to do. And we're not going to end trade - that's very important to state - but we're going to have to be more careful about it, and we have to recognize, as politicians, we don't represent some international company.
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