President Donald Trump has just announced a new plan to keep the U.S. economy on the track to recovery in the wake of COVID-19.
According to Reuters, the president has vowed to levy tariffs “on any company that leaves the United States to create jobs elsewhere.”
Trump gets down to business
President Trump has done his best during his time in office to promote job growth in the United States. Part of that has included corporate tax breaks, which enable companies to grow and expand.
When companies add more jobs, it’s a win-win for everyone. Of course, that doesn’t mean Democrats won’t try their hardest to fight against it.
But Trump is fighting back.
“We will impose tariffs on any company that leaves America to produce jobs overseas,” the president said Thursday during his speech at the Republican National Convention accepting the GOP’s nomination for the White House, according to Reuters.
“We’ll make sure our companies and jobs stay in our country, as I’ve already been doing,” the president added.
“Made in the USA”
Trump also took the time Thursday to blast his opponent, former Vice President Joe Biden.
“Joe Biden’s agenda is Made in China,” the president said, according to Reuters. “My agenda is Made in the USA.”
And his agenda seems to be working: a report from UPI on Thursday revealed that new unemployment claims have continued to fall, with nearly 100,000 fewer claims last week than the week prior. The week before last, “new claims dipped below 1 million for the first time since March,” UPI reported.
In his speech Thursday, Trump promised more of the same. “In a new term as President, we will again build the greatest economy in history — quickly returning to full employment, soaring incomes, and RECORD prosperity!” a transcript of the president’s prepared remarks read, according to Politico.
Trump went on:
We will LEAD AMERICA into new frontiers of ambition and discovery, and we will reach for new heights of national achievement. We will rekindle new faith in our values, new pride in our history, and a new spirit of unity that can ONLY be realized through love for our country. Because we understand that America is NOT a land cloaked in darkness, America is the torch that enlightens the entire world.