‘America First’ accelerates regardless of who wins the presidential election
U.S. Democratic presidential candidate and Vice President Kamala Harris announced on the 25th (local time) the ‘America Forward’ strategy, which provides tax credits worth $100 billion (approximately KRW 133 trillion) over 10 years to revive manufacturing industries such as steel and semiconductors. announced that it would establish a
In an economic policy speech delivered in Pittsburgh, Pennsylvania, the biggest battleground in the presidential election, Candidate Harris said, “America’s economic power comes from the power of industry,” and “We will provide tax credits to expand quality jobs in steel and manufacturing.” He said. He continued, “We will never sell America out to competitors or enemies.” Pittsburgh is a city that symbolizes the U.S. steel industry and is where the headquarters of U.S. Steel, which Japan Steel plans to acquire, is located. There is an analysis that candidate Harris announced related pledges in Pittsburgh to emphasize his will to foster the manufacturing industry. In the 83-page economic policy pledge released on this day, Candidate Harris said, “The goal of the ‘America Moving Forward’ tax credit is to invest in key strategic industries and create jobs,” adding, “Steel, bio, artificial intelligence (AI), quantum computing, and aerospace.” “We will focus on emerging technologies such as semiconductors and clean energy,” he said.
On the same day, Republican presidential candidate and former president Donald Trump said at a rally in Charlotte, North Carolina, another presidential battleground, that he would restore manufacturing jobs by providing tax cuts to American companies and imposing tariffs on foreign products. The day before, at a campaign rally in Savannah, Georgia, he presented a ‘new industrialism pledge’ that included a plan to bring back manufacturing that had moved out of the United States by lowering corporate taxes and increasing tariffs on imported goods. There are predictions that no matter who wins the presidential election on November 5, America-first industrial policies will accelerate.
Washington = Correspondent Moon Byeong-ki [email protected]
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2024-09-27 15:06:24