By The New York Times (U.S.) | Created at 2024-09-24 20:48:47 | Updated at 2024-09-30 07:30:41
5 days ago
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The former president highlighted his plans to increase tariffs and reduce corporate taxes for businesses that make products in the United States.
- Sept. 24, 2024Updated 4:25 p.m. ET
Former President Donald J. Trump pledged on Tuesday to lure other countries’ factories to the United States, promising to offer companies tax breaks and access to federal land if they moved their manufacturing operations.
In a speech in Savannah, Ga., Mr. Trump said he would offer federal land “with ultra low taxes and regulations” to companies looking to relocate to the United States. He promised to speed up environmental reviews and cut through environmental regulations that he said curbed “mineral production and rare earth” — a reference to compounds often used in electronics and other goods.
And Mr. Trump promised to appoint a “manufacturing ambassador” who would try to persuade international companies to move their operations to America.
As he did during his presidency, Mr. Trump again offered a grand vision of an American manufacturing renaissance that would be ushered in through tariffs and tax breaks. But he did not acknowledge that many similar pledges he made as president to restore manufacturing jobs and investment did not always come to fruition.
Mr. Trump said this “new American industrialism” would create jobs, raise wages and “make the United States into a manufacturing powerhouse like it used to be many years ago.”
Mr. Trump and his campaign are eager to focus the race on the economy, an area where they believe he holds an advantage over Vice President Kamala Harris. Polls have consistently shown voters ranking inflation, the cost of living and the economy as top issues in the election. Ms. Harris is expected to focus on the economy when she travels to western Pennsylvania on Wednesday.
