On Monday, Ron DeSantis reportedly presented a comprehensive economic plan, asking for a stronger posture toward China, including the severing of regular trade relations, as well as a combative strategy toward the Federal Reserve.
Following blunders that diminished his standing as the leading opponent to former President Donald Trump, the governor of Florida is attempting to recoup ground in the Republican presidential primary.
DeSantis increased the number of trips in areas with early voting and started announcing policy ideas.
In addition, as the Biden administration has already begun to do, DeSantis would like to prohibit businesses from sharing sensitive technology with China.
He would also like to encourage the return of American wealth from China through tax breaks and other supply chain security measures.
The trading status between the United States and China, which offers the most advantageous trade terms and tariff rates, is based on an agreement signed in 1999 when Beijing was getting ready to join the World trading Organization.
Trump tried to gain leverage by imposing high tariffs on Chinese imports, but his trade agreements didn’t initially boost American industry.
DeSantis allegedly also claimed that elites supported expensive government bailouts because they miscalculated the growth of China. He criticized diversity and inclusion initiatives and advocated for a concentration on apprenticeship and vocational education.
In his plan, DeSantis also criticizes the notion of a digital currency issued by a central bank, stating that he would oppose such a move.
DeSantis also said he will tighten regulations and increase oversight of pension-fund managers that take climate change into account when making investing choices, continuing his attacks on so-called woke policies.
By reducing expenditure and regulation, DeSantis’ plan, dubbed the Declaration of Economic Independence, also adheres to established conservative economic principles.
He declared he would strive to enforce immigration law and compel work requirements for social programs in order to defend American workers.