Oddbean

Six weeks before election, Trump vows to take other countries’ jobs ========== Donald Trump, on September 25, 2024, in Savannah, Georgia, pledged to bring foreign companies to the US using tax incentives and tariffs, stating, "Under my leadership, we are going to take other countries’ jobs." He aims to reduce corporate tax from 21% to 15% and impose tariffs on imports, particularly targeting China. Trump highlighted the need for American firms to ramp up domestic manufacturing, referencing past sales of GE Appliances and IBM's PC unit to foreign companies. His proposals could lead to a $1,350 annual increase for middle-income households, according to the Urban-Brookings Tax Policy Center. Trump's previous term saw $358 billion in foreign investments, while Biden's administration reported $426 billion in three years. Economists warn that Trump's policies may trigger global protectionism and inflation, with potential impacts on world trade. #Trump #Harris #UsElection #Economy #Jobs #Tariffs #Manufacturing #ForeignInvestment #TaxCuts #Protectionism https://theedgemalaysia.com/node/727903