Demonstrating hat he still does not underhand how tariffs work, Trump claims his plan will bring “trillions and trillions of dollars pouring into the United States treasury from foreign countries.”

Attorney Ron Filipkowski, a former Republican, says: “Trump announces if elected that he will start a global trade war by implementing a mercantilist system. He will raise tariffs on ‘most foreign products,’ phase out all imports from China in 4 years, and punish US companies who do business and invest in China.”

In the full video posted to his Truth Social platform Trump falsely claims that when he was President “China paid to the United States hundreds of billions of dollars and no other president got ten cents, legitimately, ten cents.”

Trump was quickly mocked.

“Poor Trump doesn’t realize the GOP base has long since moved past trade and now sees Disney cartoons and unintelligible acronyms like CRT and ESG as their real enemies,” saidThe Washington Post’s Greg Sargent.

“Bring back Herbert Hoover and the Great Depression!” tweeted economist Paul Hughes-Cromwick.

Politico food and agriculture reporter Meredith Lee Hill notes, “this Trump proposal would also trigger new and painful retaliation against US agricultural exports to China (our biggest market), just as American farmers are trying to recover from Trump’s last trade war w/ Beijing.”

Hill also writes that “one farm state GOP lawmaker [said] to me on Trump’s new China trade proposals + the impact on US agricultural exports that rely on China: ‘it’s f—ing suicide’.” She adds that another said: “‘Rushing forward w/ political slogans’ cld seriously harm US biz + ag. We need to ‘strategically decouple’ not this.”

Journalist Robert Lusetich reminds that when Trump was in office “he had a bank account in China.”