US President Donald Trump made a statement for corporates that his administration will create tax incentives for bringing jobs back to the United States, including from China, and penalise those companies who take jobs out of the country.
“We will create tax credits for companies that bring jobs from China back to America and will impose tariffs for companies that leave America to produce jobs overseas,” Trump said during his trip to Mankato, Minnesota.
The US President also threatened to strip companies of federal contacts if they outsource manufacturing abroad.
Trump spoke for almost an hour at an event that resembled his election rallies in which he made pledges for the possible next four-year term. His trip over several swing states coincides with the Democratic National Convention when his opponent Joe Biden will formally become the party’s presidential candidate.