Donald TrumpDonald TrumpTrump: I made fortune off debt, which is bad for the country Trump camp paid K to ad firm named after ‘Mad Men’ Clinton: All of Trump's books 'end at Chapter 11' MORE insists he would be able to wipe out the United States’s debt in eight years.
Eliminating that amount of debt in eight years is highly improbable, according to most economists, The Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt.
Trump insisted in the interview that “renegotiating all of our deals” would help pay down the debt by sparking economic growth.
“The power is trade. Our deals are so bad,” Trump said. “I would immediately start renegotiating our trade deals with Mexico, China, Japan and all of these countries that are just absolutely destroying us.”
The Washington Post also refuted that claim, reporting that many economists have said a trade war could cripple the U.S. economy.