TRUMP if production outside: pay a tariff tax; encourage domestic; create Sovereign Wealth fund

TRUMP: My plan is that if you open your factory in Wisconsin, Pennsylvania, Michigan or Minnesota, you don’t pay a tariff tax, but if you move your production outside of the United States and send it back here, you will have to pay a tariff tax. The result will be that everybody in the world will want to produce here. We will be able to build ships again. We will be able to build planes again. We will be able to build our military again. All from within.

TRUMP: “Under my leadership, America will encourage domestic production instead of punishing it. As you know, our country’s vast manufacturing wealth was created at a time with very little domestic taxation, few regulations, and most revenue coming from tariffs.” “Now, we foolishly do the opposite: we impose lower tariffs on foreign producers than any nation on earth, and we relentlessly punish our own companies for doing business in America.” “I intend to reverse this model, and once again turn America into the manufacturing superpower of the world.”

TRUMP: “We will create America’s own Sovereign Wealth fund to invest in great national endeavors for the benefit of all the American People — We will build extraordinary national development projects, everything from highways to airports to the transportation infrastructure of the future.”

https://www.facebook.com/HygoNewsUSA/videos/479921758243432

TRUMP if production outside: pay a tariff tax; encourage domestic; create Sovereign Wealth fund

Key Points

TRUMP: My plan is that if you open your factory in Wisconsin, Pennsylvania, Michigan or Minnesota, you don’t pay a tariff tax, but if you move your production outside of the United States and send it back here, you will have to pay a tariff tax

• The result will be that everybody in the world will want to produce here
• We will be able to build ships again
• We will be able to build planes again

Transcript Highlights

The following is transcribed from the video audio:

• My plan is that if you open your factory in Wisconsin, Pennsylvania, Michigan, Minnesota, anywhere else in our country, you don’t pay a tariff tax
• But if you move your production outside of the United States and send it back here, which people are doing now, and I stopped it, I stopped it cold, but they’ve changed that already, then you’ll have to pay a very substantial tariff to get your product back into the country
• The result will be that everybody in the world will want to be here and they want to produce here
• They’re going to want to produce their product in America
• It’s going to say, made in the USA, we will be able to build ships again
• We will be able to build our military again from within, all from within
• Number six, under my leadership, America will encourage domestic production instead of punishing it
• As you know, our country’s vast manufacturing wealth was created at a time with very little domestic taxation
• Few regulations and most revenue came from tariffs from other countries
• That was when we were at the wealthiest ever

Full transcript: 833 words transcribed via Whisper AI.