Part 5/8:
Trump detailed some of his notable foreign policy achievements, notably his dealings with China. He explained how he confronted China over their monopoly on magnets—an essential component for various electronic devices—and threatened to impose a 158% tariff to counter their aggressive trade tactics. The threat prompted China to seek peace quickly, leading to a beneficial trade agreement where China would pay tariffs to the U.S., reversing the traditional pattern of the U.S. paying tariffs to China.
He emphasized that under his administration, trade relationships shifted in favor of America, bringing in approximately $950 billion in revenue through tariffs. Trump argued that such economic policies were crucial for strengthening the U.S. economy and maintaining sovereignty.