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Business

Trump unveils aggressive jobs plan

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Opening sequence

Business

Trump unveils aggressive jobs plan

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COMING UP:Trump unveils aggressive jobs plan

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Transcript

00:00:00
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APPLAUSE
00:00:22
And that our economy can never grown as it did once before.>> I'm Reuters reporter, Conway Gittens. At the heart of Donald Trump's speech to the economic club of New York, a plan to fast track US economic growth to 4% annually by slashing taxes by more than $4 trillion dollars.
00:00:41
Also, by getting rid of what he calls economically crippling regulations, taking on China, and ripping up any bad trade deals. Trump, wasting no time in weighing in on Ford's recent decision to ship small car manufacturing from Michigan to Mexico, lamenting the economic demise of factory towns like Detroit and Flint.
00:01:02
>> It used to be cars were made in Flint and you couldn't drink the water in Mexico. Now, cars are made in Mexico and you can't drink the water in Flint. The jobs have been stripped from the community, and its infrastructure has totally collapsed. And I've been talking about this a long while and I think that's maybe one of the reasons we're doing so well in Ohio and Michigan and lots of other places where cars and parts are involved.
00:01:42
>> Saying globalism has hurt American workers, Trump unveiled a target to create 25 million new jobs over a decade mainly by getting rid of bad trade practices. Critics say not only will his policy set off for trade war, but also that his tax cuts will send the deficit soaring.
00:01:59
One independent's analysis said Trump's proposals could cost to the US economy trillions. Trump, not known for providing many details, did answer back with a few. He plans to cut non-defense spending by 1% each year as part of a more than a $4 trillion cost savings plan. He says that will keep the budget deficit on an even keel.
00:02:21
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