Trump Suggests Offering Federal Land to Foreign Firms

Donald Trump is proposing a novel strategy to entice foreign firms to the US—providing them with access to federal land. During a visit to Savannah, Georgia on Tuesday, the GOP presidential nominee plans to announce incentives aimed at boosting manufacturing within America. This follows his earlier suggestion to reduce the corporate tax rate from 21% to 15% for domestic producers; that contrasts sharply with Vice President Kamala Harris's plan to increase the rate to 28%.

Trump's economic strategy has traditionally focused on penalizing companies outsourcing jobs. However, he appears to be shifting towards attracting foreign investments by inviting companies to relocate to the US. It's uncertain how foreign companies will respond should Trump win the presidency and put the incentives in place. Additionally, regulatory hurdles may complicate Trump's offer, as the Bureau of Land Management imposes restrictions on leasing lands to foreign entities. Trump's campaign has not clarified whether these incentives would exclude Chinese companies. (This story was generated by Newser's AI chatbot. Source: the AP)