Trump pledges to take jobs and factories from allies, China with low taxes for companies that choose U.S.

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The Republican presidential candidate said a vote for him would result in a ‘mass exodus’ of manufacturing from U.S. allies South Korea and Germany as well as economic rival China.

Republican presidential nominee former president Donald Trump holds a campaign rally at Ed Fry Arena in Indiana, Pa., on Sept. 23.Donald Trump said on Tuesday said he would seek to “take” manufacturing jobs from foreign countries, including U.S. allies, if he wins the Nov. 5 election, by offering incentives to encourage companies to relocate to the United States.

The Republican presidential candidate said a vote for him would result in a “mass exodus” of manufacturing from U.S. allies South Korea and Germany as well as economic rival China. Trump said during his speech that his planned incentives would be offered only to foreign companies that relocated manufacturing to the U.S. and hired American workers.

On Monday, Trump said he would slap a 200% tariff on John Deere’s imports into the U.S. if the agricultural equipment company moved production to Mexico as planned. Trump said he would reward U.S.-based manufacturers with tax breaks for research and development costs and the ability to write off the costs of heavy machinery in the first year.

 

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