Trump promises tariffs on companies that leave U.S. to create jobs
overseas
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[August 28, 2020]
WASHINGTON (Reuters) - U.S.
President Donald Trump said on Thursday that if he was re-elected, his
administration would impose tariffs on any company that leaves the
United States to create jobs elsewhere.
"We will impose tariffs on any company that leaves America to produce
jobs overseas," Trump said in his acceptance speech at the Republican
National Convention. "We'll make sure our companies and jobs stay in our
country, as I've already been doing. Joe Biden's agenda is Made in
China. My agenda is Made in the USA."
Trump portrayed himself as having been willing to challenge China on
trade during his speech to the party faithful and asserted his
Democratic rival in the November election, Joe Biden, would not be as
tough.
The former real estate developer spent much of his first term waging a
trade war against China over its trade practices, technology transfer
and industrial policies, imposing punitive tariffs on $370 billion worth
of Chinese imports.
In May, he threatened to impose new taxes on American companies that
produce goods outside the United States, another move his administration
could make to push supply chains away from China and raise new trade
barriers.
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President Donald Trump delivers his acceptance speech as the 2020
Republican presidential nominee during the final event of the
Republican National Convention on the South Lawn of the White House
in Washington, U.S., August 27, 2020. REUTERS/Carlos Barria
Trump made a similar comment last week during a campaign event in
Pennsylvania, when he said: "We will give tax credits to companies
to bring jobs back to America. And if they don't do it, we will put
tariffs on those companies and they will have to pay us a lot of
money."
(Reporting by Jeff Mason and Doina Chiacu; Editing by Peter Cooney)
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