On Tuesday, Donald Trump vowed to reclaim manufacturing jobs from abroad if he wins the November 5 election, promising an aggressive strategy to lure foreign companies to the United States. Speaking in Savannah, Georgia, a major manufacturing hub, the former president outlined his plan to offer lower taxes and regulatory relief to attract international firms to move their production to the U.S., reported Reuters.
“We are going to take jobs from other countries,” Trump said, emphasizing that his proposal would lead to a mass exodus of industrial plants from U.S. allies like South Korea and Germany, as well as from China.
Trump’s remarks come as his Democratic opponent, Vice President Kamala Harris, also focuses on economic issues in the battleground states like Georgia. According to recent polls, the economy remains a top concern for American voters. A Reuters/Ipsos survey released on Tuesday shows that Trump’s lead over Harris on economic issues has narrowed to just two points, down from an 11-point advantage in July.
During his speech, Trump also threatened heavy tariffs for companies that manufacture goods outside the U.S., mentioning a possible 200% tariff on John Deere products if the agricultural equipment manufacturer moves its production to Mexico as planned.
While Trump and his supporters argue that such trade barriers are necessary to protect American industries, many economists warn that his proposals could result in higher inflation and further increase the federal deficit.
