During his first administration, Donald Trump made significant efforts to support big businesses, such as cutting the corporate tax rate from 35% to 21% through the 2017 Tax Cuts and Jobs Act. This act included various beneficial measures aimed at boosting companies.
If re-elected for a second term in November, Trump has promised to continue his pro-business agenda. He is set to unveil his plan for further tax reductions for American business owners in a speech in Savannah, Georgia. Trump aims to emphasize the importance of purchasing goods made in the US and hopes to expand the active port in Savannah into a major export hub.
Trump's upcoming speech is expected to not only encourage US companies to increase domestic production, a key focus of his first term, but also to urge foreign companies to relocate their manufacturing operations to the US. He plans to highlight his commitments to lowering taxes, reducing energy costs, and cutting regulations as incentives for companies to move their operations to American soil.
The President is anticipated to assert that under his leadership, the US will attract jobs and factories from other nations, bringing them to America. He will stress that companies producing goods in the US and employing American workers will enjoy unrestricted access to the world's largest market. Conversely, those that choose not to do so will face substantial tariffs, generating significant revenue that will be utilized to benefit American citizens.
