Trump’s Low-Tax, High-Tariff Strategy Could Clash With Economic Realities

Published On Sep 25, 2024, 5:06 AM

Former President Donald Trump outlines his vision for a manufacturing revival in the U.S. during a speech in Savannah, proposing a new industrial policy that includes establishing special economic zones with lower taxes and relaxed regulations. He suggests reducing corporate tax rates for American-made products while imposing tariffs as high as 200% on imports from countries like Mexico. However, historical context suggests that his previous efforts during his presidency had limited impact, with manufacturing jobs remaining stagnant at that time.