In a recent speech, former President Donald Trump unveiled a series of economic policies that would “create millions of jobs,” vowing to impose 100% tariffs on Mexican-made cars and slash corporate tax rates for companies that produce in the United States.
Republican candidate Rally “We're going to put heavy tariffs on every car that comes across the Mexican border,” Trump told a crowd in Savannah, Georgia, on September 24. I swore If John Deere moves its production to Mexico, a 200% tariff will be imposed on the company's products.
“The only way we can get rid of these tariffs,” he continued to his Savannah audience, “is to build factories and operate those factories right here in the United States.”
“I want German car companies to become American car companies. I want them to build factories here,” Trump declared.
BMW, Mercedes and Volkswagen are already big players factory In the US, Trump wants even more, according to the Associated Press.
He said this goal could be achieved through a combination of his personal efforts and the possible creation of a new special envoy to help attract foreign businesses.
Continuing his focus on protectionism, the former president promised to impose tariffs of up to 20% on all foreign imports, as well as tariffs of up to 60% on products from China.
Trump also said he supports imposing “100% tariffs” on any country that stops using the U.S. dollar, and called for a reduction in corporate tax rates on companies producing domestically from 21% to 15%.
Meanwhile, Harris increase According to Breitbart News, the plan is to raise the corporate tax rate to 28%. After taking office in 2017, Trump legislation This will be reduced from 35 percent.
“We're putting America first,” Trump said at the rally. “This new American industrialism will create millions of jobs.”
The candidate also said the United States has “oil, we have gas, we have everything. The only thing we're missing is smart people to lead this country,” and proposed eliminating some Environmental Protection Agency regulations.
