During his virtual address at the World Economic Forum in Davos, Donald Trump emphasized the importance of domestic manufacturing, threatening tariffs on imports if companies do not produce in the U.S. He proposed a 25% tariff on certain imports from Canada and Mexico and a 60% tariff on China. Trump believes these measures will incentivize companies to create jobs in America, reduce national debt, and lower inflation. He also offered a competitive tax rate of 15% for businesses that move production to the U.S., promising a favorable environment for job creation and manufacturing.
Trump's message to businesses worldwide was simple: build in America or pay up. "If you don't make your product in America... you will have to pay a tariff."
Under the Trump Administration, there will be no better place on earth to create jobs or build factories than right here in the USA, asserted Trump during his speaking engagement.
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