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TRUMP SAYS HE'LL INVEST IN "MODERN" AGRICULTURAL TECHNIQUES
Sep. 6, 2024
Agri-Pulse reports:
Former President Donald Trump, outlining his economic agenda Thursday, said he would use a second term to ensure Americans have "safe, healthy, high quality foods"' through the use of "new and modern agricultural techniques."
"That's where Bobby is so interested -- foods," Trump added, referring to Robert F. Kennedy Jr., who endorsed him Aug. 23. "He says we're putting a lot of bad foods in our body."
Trump said other countries "that do far less ... are actually much healthier than we are." It wasn't clear what he meant by "far less."
In a wide-ranging speech at the Economic Club of New York, Trump reiterated his pledge to impose tariffs on trading partners in order to encourage manufacturing in the United States, lower the corporate tax rate from 21% to 15%, and expand R&D tax credits. Democratic presidential candidate Kamala Harris has committed to raise the corporate tax rate to 28%.
"What we are putting forward is the most pro-American manufacturing and jobs policy in modern history for any country," Trump said. "The plan will bring jobs and growth into our country at levels never seen before. Every business on Earth will flock to America from Europe, Asia, the Middle East, and all over the world. By contrast, Comrade Kamala Harris wants to sacrifice our wealth, kill the economy, and drive jobs overseas to punish businesses."
Trump also said the U.S. would create a Sovereign Wealth Fund, a government-owned fund that "will be used to do things that will be good for our country," including "extraordinary national development projects, everything from highways to airports to transportation infrastructure."
Trump said the fund will receive money from the "smart tariffs" that he pledged to implement, though he did not mention a specific percentage. In the past he has floated the idea of 10% to 20% across the-board tariffs, with higher tariffs on China of up to 60%.
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