In a bid to build a broader coalition, former President Donald Trump has outlined a vision of tax cuts, import tariffs, and “reciprocal trade” to preserve and restore American industries.
Since coming down the escalator of Trump Tower in 2015, the Republican standard bearer has espoused unconventional trade policies and dragged much of the GOP kicking and screaming toward protectionism. His tenure saw the U.S. renegotiate trade agreements with its neighbors, resulting in the United States, Mexico, Canada Agreement (USMCA), while also waging a trade war with China seeking to curb some of Beijing’s abuses.
His signature tax plan, the 2017 Tax Cuts and Jobs Act, saw the doubling of the standard deduction and the reduction of the corporate tax rate to 21%. As he has sought to contrast himself with Harris, Trump has highlighted both elements of his economic plan and doubled down on the tax cuts and tariffs approach.
“So, as your president, here is the deal that I will be offering to every major company and manufacturer on Earth,” he said at a Tuesday event in Savannah, Ga. “I will give you the lowest taxes, the lowest energy costs, the lowest regulatory burden and free access to the best and biggest market on the planet, but only if you make your product here in America.” […]
— Read More: justthenews.com
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