Donald Trump's assertions that U.S. manufacturing problems boil down to being ripped off by countries like China, Japan and Mexico is "a little too short of an answer," Deere & Co. Chairman and CEO Sam Allen said Friday.
"There's a lot, a lot of things that go into our jobs situation. There's a lot of policies that have very long-term impacts," he told CNBC's "Squawk on the Street." "The more that we can change those policies that are favorable for manufacturing, it clearly is a positive."
Allen spoke from a meeting in Washington of the Council for Competitiveness, a nonpartisan group of U.S. business, labor and university leaders.
In his front-running bid for the GOP presidential nomination, Trump has largely framed his trade policy in terms of business negotiations, often singling out China.
He has threatened to slap Chinese goods with tariffs as high as 45 percent if the country does not allow American companies free and fair access to its domestic market. The tariffs would be wielded as a negotiating tool, but are not a foregone conclusion, Trump has said.