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Trump promises in economic speech to “take jobs away from other countries”
Massachusetts

Trump promises in economic speech to “take jobs away from other countries”

Donald Trump promised the U.S. would “take jobs from other countries” if he returned to the White House as he outlined his plans for drastic tax cuts, lower energy costs and regulations for manufacturers producing goods on American soil.

At a campaign rally in Savannah, Georgia, Trump promised a “renaissance of manufacturing,” reiterating his promise to punish American companies that manufacture outside the United States and to impose high tariffs on goods manufactured abroad to protect U.S. industry.

Trump and Vice President Kamala Harris have stepped up efforts in the final stretch of the campaign to lay out their competing visions for the economy, highlighting what voters say is most important in the 2024 election.

Harris is expected to unveil a series of new economic proposals in a major speech in Pittsburgh, Pennsylvania, on Wednesday.

Speaking to a crowd in Savannah, Trump went beyond his usual protectionist policies and raised the prospect of further trade wars.

Trump said he would offer companies that set up shop in the U.S. special federal zones with “extremely low taxes and regulations,” reduce regulations and appoint a “manufacturing ambassador” to persuade international companies to set up shop in the United States.

“Under my plan, American workers will no longer have to fear losing their jobs to other countries. Instead, other countries will have to fear losing their jobs to America,” he said.

Trump had previously proposed tariffs of 60 percent or more on Chinese goods and flat tariffs of 20 percent on imports from other countries – an aggressive policy that some economists believe could lead to higher prices for Americans.

During his presidency, Trump imposed tariffs on some goods imported from China. The Biden administration has maintained some of these measures and announced new restrictions in some areas, such as electric vehicles.

The former president tried to blame Democrats for the rise in inflation resulting from the Covid pandemic – which has since cooled – as well as high food prices.

The consumer price index for food increased by 25% from 2019 to 2023. US Department of Agriculture.

Polls have shown that American voters are most concerned about the economy, and more voters believe Trump is capable of handling it. Harris, on the other hand, has made some gains.

Voters for whom the economy was an important factor preferred Trump over Harris by 53-47%. CBS News/YouGov poll of likely voters released this week. But Harris has improved her position since August, when only 43% of voters who cared most about the economy favored her.

Trump’s visit to Georgia came shortly after a New York Times/Siena College poll showed him narrowly ahead in the state as well as in the battleground states of Arizona and North Carolina.

Both candidates have invested considerable time and resources in the Georgia campaign, as it could be crucial to their path to the White House.

Although the Georgia speech was billed as an economic event, Trump devoted much of his speech to other issues, covering the failed assassination attempt on his life at a Pennsylvania rally in July and the second suspected assassination attempt in Florida this month. He praised the U.S. intelligence community, whose ability to protect Trump has been questioned.

He also attacked Harris, calling her “completely incompetent” and saying she would “deindustrialize the United States and destroy our country.”

An hour before Trump’s speech in Georgia, the Harris team held a press conference with American investor Mark Cuban, who has long supported Democratic candidates.

Cuban attacked Trump’s proposals to impose tariffs on American companies that produce in countries like Mexico, saying it would hurt American companies.

“It just shows that he doesn’t think about these things,” Cuban said.

Harris will return to another key swing state, Pennsylvania, on Wednesday to outline her own economic agenda.

The Vice President has already Series of economic proposals The targets are first-time home buyers, tax breaks for families and a ban on “price gouging” in the grocery trade. She called for a “first-time” tax credit for builders of homes sold to first-time buyers, as well as a down payment of up to $25,000 for “qualified” first-time buyers.

She told reporters on Sunday that the plan would focus on “investing in the hopes and ambitions of the American people while addressing the challenges they face.”

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