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US: Trump Speech On Manufacturing And Tax Policy Underway Shortly

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Former President Donald Trump is shortly due to deliver a speech in Savannah, Georgia, focused on the tax code and manufacturing policy. LIVESTREAM

  • Trump is expected to outline new incentives for foreign companies to move operations to US soil paired with threats of punitive tariffs on companies that maintain offshore operations.
  • Trump previewed his tariff plan yesterday at a rally in Pennsylvania, promising to slap a 200% tariff on John Deere if the company followed through with plans to move operations to Mexico: "I am just notifying John Deere right now that if you do that, we are putting a 200% tariff on everything that you want to sell into the United States."
  • Bloomberg notes: “Trump will discuss the ways he intends to woo foreign manufacturers to the US through a lower corporate tax rate, fewer regulations, cheap energy, strong ports and even government land… Some of these policies, like a lower corporate tax rate, would require congressional approval, and aides did not provide specifics on what federal lands might be made available.”
  • Bloomberg adds: “This is the latest effort by Trump to spell out the ways his tariff policy would work, with countries like China facing anywhere from 60% to 100% tariffs. European Union countries would not be immune to tariffs in a second-term either.”
  • Vice President Kamala Harris is expected to deliver a major economic speech tomorrow in Pittsburgh, Pennsylvania. 
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Former President Donald Trump is shortly due to deliver a speech in Savannah, Georgia, focused on the tax code and manufacturing policy. LIVESTREAM

  • Trump is expected to outline new incentives for foreign companies to move operations to US soil paired with threats of punitive tariffs on companies that maintain offshore operations.
  • Trump previewed his tariff plan yesterday at a rally in Pennsylvania, promising to slap a 200% tariff on John Deere if the company followed through with plans to move operations to Mexico: "I am just notifying John Deere right now that if you do that, we are putting a 200% tariff on everything that you want to sell into the United States."
  • Bloomberg notes: “Trump will discuss the ways he intends to woo foreign manufacturers to the US through a lower corporate tax rate, fewer regulations, cheap energy, strong ports and even government land… Some of these policies, like a lower corporate tax rate, would require congressional approval, and aides did not provide specifics on what federal lands might be made available.”
  • Bloomberg adds: “This is the latest effort by Trump to spell out the ways his tariff policy would work, with countries like China facing anywhere from 60% to 100% tariffs. European Union countries would not be immune to tariffs in a second-term either.”
  • Vice President Kamala Harris is expected to deliver a major economic speech tomorrow in Pittsburgh, Pennsylvania.