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The former president said he wants to review his own 2020 trade deal with Mexico and Canada, impose more aggressive tariffs and create big tax breaks for automakers that build factories and conduct research and developments at the national level.
He also pledged to make interest on auto loans fully tax deductible, which he said would help both automakers and consumers facing high prices.
A bankrupt auto industry according to Trump
“Your auto industry is going bankrupt. It’s going bankrupt,” Trump told members of the Detroit Economic Club, but said a recent “nightmare” for U.S. auto workers could take end if he was elected in November. About 1,000 people attended the Detroit Economic Club meeting at the MotorCity Casino Hotel on Thursday.
Detroit heavily criticized
In his two-hour speech, Trump called Detroit, Michigan’s largest city, more “developing” than “most places in China,” at one point calling it “once a great city.” . Even using the example of Detroit to characterize what would happen to the country if his Democratic opponent, Vice President Kamala Harris, won the November 5 election. “It will be like Detroit. Our whole country is going to end up looking like Detroit if she’s your president,” Trump said. “You’re going to have a mess on your hands.”
At the end of his speech, the former president described Detroit as still struggling and said he would create a “Michigan miracle” and a “staggering renaissance” of the Motor City.
Sources : Detroit News
To summarize
Donald Trump on Thursday presented Michigan business leaders with a series of measures – which he hopes – will reinvigorate what he considers a “collapsed” American auto industry.
“Your auto industry is going bankrupt. It’s going bankrupt,” Trump told members of the Detroit Economic Club.
