President Trump Speaks at the American Farm Bureau Federation Annual Convention and Trade Show

Austin, TX

This video is about President Donald Trump’s remarks at the American Farm Bureau Federation Annual Convention and Trade Show in Austin, Texas on January 19, 2020. Donald Trump begins by saying that together, they have achieved something truly stunning. He exclaims that they signed a groundbreaking trade agreement with China. He adds that under this landmark agreement, China will now be purchasing $40-$50 billion of American agricultural products every single year, tripling their agricultural exports to China.

Donald Trump says that in addition to China the Senate passed the USMCA for replacing the disaster called NAFTA. He remarks that this deal will massively boost exports for farmers, ranchers, growers, and agricultural producers from North to South. He says that they have also signed agreements with Japan and other countries. He states that net farm income has gone up by more than $30 billion, which is an increase of nearly 50 percent in just three years.

Trump remarks that under the deal, China has agreed to spend many billions of dollars on American services, energy, and manufactured goods. He adds that China has made substantial commitments regarding the protection of American ideas, trade secrets, patents, and trademarks. Trump states that under the USMCA, Canada will provide greater access for American dairy. He exclaims that in the past few months, they persuaded Japan to slash tariffs on $7 billion of U.S. agricultural products. He says that they opened up Vietnam for American orange growers.

President Trump says that they approved tariff exemptions from various countries like Ecuador, Vietnam, Brazil, Guatemala, Tunisia, and China. He mentions that to make American agriculture even more competitive, they passed the biggest tax cuts and reforms in American history, including the deeply unfair estate tax. Trump states that since his election, the United States has gained more than 7 million jobs. He adds that the unemployment rate is now 3.5 percent, which is the lowest in half a century. He remarks that African American, Hispanic American, and Asian American unemployment rates have reached all-time historic lows.

Donald Trump says that the United States is now the number-one producer of oil and natural gas in the world. He remarks that the wall is being built at a very rapid pace, where they are over 100 miles now. He states that since his inauguration, they have devoted nearly $1 billion to rural broadband, connecting rural households. He informs that the USDA will soon award another $1.1 billion and the FCC will soon vote on a plan to direct $20 billion to rural broadband. He ends his speech by saying that he is glad they have been successful as they got those deals done.

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