ANALYSIS — Former President Donald Trump on Tuesday called for a “new American industrialism,” promising foreign companies low taxes if they bring production to the U.S. — but threatening them with harsh tariffs if they do not.
Hours after President Joe Biden used his final United Nations General Assembly address as America’s commander in chief to urge cooperation among allies, the Republican nominee made no distinction between Washington’s friends and foes. All would be punished, should Trump win another term and their companies opt against adhering to his demands.
“Under my leadership we’re going to take other countries’ jobs,” Trump said during a midday speech in Georgia. “We’re going to take their factories, and we really had it rocking four years ago.”
