President Donald Trump focused on the U.S. economy during his State of the Union Address last week. During the Feb. 4 address, the president stated that his administration “launched an unprecedented economic boom” that has hardly been witnessed in the country’s history by creating 5.3 million jobs, 600,000 of which are manufacturing jobs.
“On Friday, it was announced that we added another 304,000 jobs last month alone — almost double the number expected,” the president added.
President Trump said that combating “the theft of American jobs and wealth,” is one of his primary concerns in boosting the economy. He noted that by imposing tariffs on $250 billion worth of Chinese imports, the Treasury was able to collect “billions and billions of dollars.” Despite the tariffs the president imposed on China last year, he said that he has “great respect for President Xi” and is working with him on pushing forward trade deals that, “include real, structural change to end unfair trade practices, reduce our chronic trade deficit, and protect American jobs.”
The president also praised the success in ratifying the United States – Mexico – Canada Agreement (USMCA), which he signed on Jan. 29.
“Our new U.S.-Mexico-Canada Agreement, the USMCA, will replace NAFTA and deliver for American workers like they haven’t had delivered to for a long time,” he stated, saying that USMCA will, “bring back our manufacturing jobs in even greater numbers, expand American agriculture, protect intellectual property, and ensure that more cars are proudly stamped with our four beautiful words: ‘Made in the USA.’”
President Trump asked Congress to pass the United States Reciprocal Trade Act, a bill that allows the U.S. to pose tariffs equal to an “unfair tariff” that another country imposes on a certain U.S. product.
Finally, the president told Congress that he is just as eager to work with them to produce a new infrastructure bill as they are in passing one.
“I am eager to work with you on legislation to deliver new and important infrastructure investment,” he said, “including investments in the cutting-edge industries of the future. This is not an option. This is a necessity.”