drowning, very few of them. when they do come in, they pay a lot of money in the biden administration is thinking of taking that tax often of the takeoff, wave goodbye to your auto industry in the worst new leader in the history of our country for any business, i do know -- a disaster but your industry will be done quickly under my leadership, half a million brand-new manufacturing jobs including 30,000 manufacturing jobs right away. we saved and got it going and that was nothing compared to what we are talking about now, nothing because we had covid coming, their cars for the first time many years going down, down, down the trade deficit and

automobiles by 6.8 billing dollars and had to do it on the fly. we had to do it best because no industry whatsoever, whatever you have now, it's a fraction of what used to have in the glory days. i call them the glory days when we were the greatest in so many ways going to not let that happen. i hope the deal doesn't close, i won't let that happen that might and imposed the tariffs on china and steel. 50% tariffs, that largely stopped it.

and i have no wars other and i finished off very quickly. [applause] you have to make planes and everything else you have to do and we don't want to be in a position where you have a problem and we need china to help us, it could be a serious problem. in the middle of a conflict to but the conflict with china, we get along with russia and ukraine and we got one settled and i don't think we will have a problem israel like october 7 would never have happened. they would never have gone into ukraine he.

manufacturing and 22. twenty-two out of the last three months, we are losing jobs every month. they lost nearly 50000 manufacturing jobs this year alone. our sales are down by 38 all share domestically with cars and drop significantly in the trade deficit and automobiles exploding by nearly $50 billion, the worst thing ever had. their cars in the speak is going out of business, going out of business. nothing to do with me. i stopped mexico which is becoming second china. i stopped mexico from her claims

all of the business, we lose all of those jobs in michigan south carolina places. it's been so bad new line this area you need any. just day, it is incredible. it would have been easy start. how much money will they are going to make, lobbyists and others. they make a lot of but they give a lot of other way. i wanted to give it to. we are not going to have this horror to continue. the nightmare for the american auto worker.

[applause] >> a poll just came out today. i said that's all? a poll but they call it a democrat whole so they say or points, it means more but i think we're doing well and we are getting in every single state. in some cases a lot. very quickly. [applause] if you vote for trump, and you will see a mass exodus of manufacturing jobs but mexico.

from shanghai to beijing to right here detroit. [applause] and they will be going to places in like south carolina, tennessee. a lot of parts making dates in the car industry will have 11 songs the likes of which we have never seen before. ...

believe it happened. from a bab. that's how easy it was. now it's japan but as china and it's a lot of countries. this is one of the biggest reasons i ran for president in the first place. it was probably the auto industry that was most abuse. you with most abused, a lot of industries abuse. we stopped at the talent.

we're going to finish the job we really, really, really started because we had numbers at the ambassador gave you some of them. i don't want to bore you but it they gave you some numbers that were unprecedented. i intend for triumph of the american auto industry among my greatest legacies. i wanted to be a

i want american companies to not only dominate the american market but also the foreign markets as well. they buy summary of our cars. but you know the only buy them if they are made in their countries. china i don't object but president xi was and i would say is a a very good friend. we broke up a little bit, you know the weight friendships breakup. a thing called china virus roque is up. i think that's understandable. cost the world about $50 trillion and tens of millions of lives all over the world. i think that's the reason but i thought that every good relationship with, very strong, smart man. he strong and smart. maybe he wants to take your auto industry. so does every other leader of the country. it what you take industry. all of our industry and were not going to do that. we will not that the play that game. it's not even hard and you'll understand that in a moment.

i want chairman of car companies to become american car companies. i want them to build plants and america. otherwise i would rather not have their cars here. instead of american workers worrying about losing their jobs to foreign nations i want for nations to be worried about losing their jobs to america. it's going to happen. it's going to happen. going to happen. and hope the democrats will go along with us but we'll get it done one way or the other. i hope they're going to go along with us. so many things they don't like. photo id, why are not the opposing voter id? democrats don't want photo id. and what you cheap but they don't i said oh, they don't want to first, i thought i was seeing things. i thought i was like i didn't hear that when i first started this, would say the democrats will not approve voter id and it's only gotten worse. gavin newsom, the governor of

california just passed a bill, he signed a bill that you're not even allowed to ask anybody whether or not they are voter id. not only can't you use it, you can't even ask, i think it's a crime or something. i could ask the secretary of state. no, i think it's a cry. i think it's a crime if you ask somebody do you have id voter id? let's lock that guy up. in other words, it's not a crime to vote illegally but it's a crime to ask whether or not. there's only one reason for that. you know the reason? cheating. they want to cheat. only one reason, crazy. no country in the world as a policy like that. mail-in voting is all gone all over the world. all these things that we still fight over they are all gone. we have to win a big election and we will straighten it out but we got to straighten it out because you used to things, in good elections. it would be nice to have a free press that we don't have at all.

we have a terrible press but those three things we have and where to straighten it out. so here's the deal i will be offering to the world, to companies outside of our world, big companies, powerful companies that have become a powerful because we were stupid. we were stupid. we allow them to come and raid and rape our country. that's what they did oh, he used the word rape. that's right, raped our country. the united states will give you the lowest taxes, the lowest energy cost we have more liquid gold under our feet than any other country in the world and it's the best, it's the best. we have the most and we have the highest quality. we had the lowest regulatory burdens and they -- i cut, i cut regulations more than any president in history. in a four-year term i cut more than any president i four times

they say, four times. i let the country to what they have to do. a lot of those regulations have been put back on by crooked joe and by kamala and it angers me so much because it's so bad. people shake my head backstage sir we are the best for years we've ever had and now they're dying. they think comes only people tell me out of business. free access to the best and biggest market on the planet, or going to give anybody that comes in for access to the best and biggest market anywhere in the planet that year. we've got to keep us away because if we keep like this we would not have the best or biggest market for long. but only if you make your product. erica. in other words, you get all of these assets but just to make your product here in america and jeff to hire american workers. if these companies don't take the deal you know we are lowering the taxes way down, then you have to pay a tax when

they or tariff when they send their car or prodded into the united states and we will use the hundreds of billions of dollars and terror of dollars to benefit the american citizens and pay down our debt. in short, a period of time it's going to be very quick. think of it, and a short period of time our deficit of about 1.8 trying dollars i've heard it was to tell you, it's a bit anywhere close to visit by the way, $2 trillion a year will be reduced to practically nothing and eventually our country will be making substantially more money over and above costs and we will start a massive debt reduction and also further tax cuts. in other words, what i'm doing is i took it from almost 40% your taxes, i reduce them to 21% so that small corporations everybody, even inheritance tax

or a death tax, if you have a small business and you want to pass it on to your son and daughter, if you love them, if you don't love them i would say just don't even bother listening to this part. is anybody in a group that does not love their children? where you want to raise your hand and say sir, please don't waste our time with this. but when the assumption you want to leave it to your children, then you have no, death tax. what to do in that immediately. it really pertain to farms where farm could be valuable but they don't have cash. a valuable farm, lovely farm and want to be farmers. great way of life. people love it. they would want to do anything else but they left the farm and have to pay a tremendous tax and a borrowed the money from the bank and within two or three years in many, almost -- 2% of the time they say they end up losing their farm to the banks. i get rid of that. there's no estate or death tax

at all or the farmers and small business owners. they want in that. it's a big deal. but i brought it down from almost 40% to 21%, and now, and that makes us very competitive. don't forget the world it's like states used to be. the world people take their businesses and they are loyal to their stockholders and in many cases the people who run the big business are not american. they couldn't care less for our country. they follow the dollar or they follow we have to keep them following the dollar by the way, keep them following the dollar. that will be another thing because we're losing that fast. we are losing that fast. but we're going to bring it down. we brought it down to 21. that made us competitive. not the best at all but competitive. now i'm bringing it down to 15%, but that's totally subject to you building your product, making your product in america.

and i had calls -- so were getting it had 15 15 and nowu just the most competitive of the event certainly for a big country but you just about the most competitive at 15, that's the beauty. they will all move back, they will all be back. they are all come back and then we will protect them so they don't get hurt with tariffs on people that are not building here and they're going to come and they will build you because do want to pay those tariffs. so we will build this policy and is called build it in america plan. it's build it in america because when foreign leaders and ceos, up to complain about our tariffs, my answer will be very simple. build in america, you don't have any tears. build a brighter in detroit. you can have any terrorist. you look in dearborn dearborn or lansing or grand rapids or flint. you don't have any taxes. you don't have any taxes or tariffs or anything so were going to take that, we were

going to take that. remember we started at 40. i do and said you will never get it down to 30. i got it down to 21 and that caused the biggest renaissance in history of our country. we had the greatest period of success in the history of our country. we did more revenue at 21% than we did at close to 40%. people were going wild. businesses were flourishing. small businesses were going through the roof. big businesses, i was allowing them to have hundreds of billions of dollars, apple as an example, they brought in hundreds of billions of dollars. we had restrictive covenants with a couldn't bring money back into our country. two reasons. the tax was too high. it was a ridiculous know when he would do it. you had to pay 50, 60% tax. they said we will just leave it there and we will develop in europe or asia wherever the

money was. but think of this. we brought in trillions of dollars because they made it possible. i made the tax rate fair. reasonable like a reasonable person would bring it in for reasonable tax. also i made the bureaucracy very easy. they had to hire for different law firms to get the money back if they wanted to bring it back. so what i'm proposing very simply been is a 15%% made in america corporate tax rate come cutting get from 21% of all the way down to 15% but only for those who make their product in the usa. very simple and beautiful. and i was on -- and and i wd by a couple of the top people in wall street. i sort of know a lot of them. they said who gave you that idea? it's so simple. i said you know, it's a great idea. i have another one coming up for you that you're going to let just as much. you're going to love maybe more.

you've got a big one coming towards the end of want to save it for the end so where you will stay around, be so happy. and the needles you're sitting on right? i have one coming data think it's just incredible but this is something that is going to revolutionize our country because it's not only auto companies bigots also others but by the think in particular this is going be something that is going to really lead to the renaissance in detroit. and in a country but in detroit. this place will be blooming. this place is going to be blooming. and when you couple that with what i'm going to say a little while, , it's going to really be blooming. so u.s.-based carmakers and manufacturers will also be rewarded with expanded research and development tax credits, very substantial where they will be able to write off 100% of their cost of heavy machinery and other equipment necessary to build a plant. in the first year.

[applause] and full expensing for manufacturing investment at all helping to build the sprawling state-of-the-art plant our country needs to be an industrial superpower the world to iafn to make split, he builds plants. that's what he does better than anybody in the world. and i said to him, he's a supporter actually. i said to her i want to see a plant. what does he really great out of plant. where we go? let's go see one. and he said we will have to go to mexico. i said what? we have to go to mexico. i said i don't want to see mexico. i want to see. he said the big ones are built in mexico, , building some realy big lunch right now. you stupid -- your stupid leader, shawn fanning of whatever his name is, stupid stupid guy is blank of an all electric else. did you see the numbers and all estimates what's happening? you are losing their whole business. building the biggest plants in the entire world this guy builds

them. that's what he's good at. if you build an apartment he wouldn't want to do it. he couldn't do it. he can build an auto plant or -- all top-of-the-line, all automatic. press the button in the plant opens up. biggest in the world. and you know his building them, china? their building thin at levels that nobody has ever seen before right across the border and they think they're going to make cars there and are going to put you all out of business and they're going to sell them across the border and the one that of attacks. they're wrong. they will pay a 100% or maybe even a 200% tariff because were not going to let them come in to our country and destroy what's left of our auto industry because it's a failing industry just like it's a failing country right now. we are a feeling country. we are a nation to decline i hope you that. doesn't make me feel good to say but without going to be a nation in decline for very long.

perhaps those important element of my plan to make america extraordinarily wealthy again has to do with reciprocity. it's a word that's very important in my plan because you know we generally don't charge tariffs. i did, i started that process it was so great with the fans and a small trucks et cetera i told you about. but we really don't charge and china which are just a 200% tariff. tariff. brazil is a big charger. the biggest charge of all is india. india is a real big charger. we have a great relationship with india. i did. and with especially the leader, od, great leader, great men, brought it together. then a great job. they probably charge as much. i mean it will probably charge more than in many ways china but they do it with a smile and they do it sort of extra charge.

thank you so much for purchasing from india. holly davidson came to the white house a long time ago during my third year, second-year and i met with them and they were based i guess in wisconsin. and i said house mrs.? good, good. what are the bad countries? indy is very tough. they gave me some others. why? terrace. i said why, why, what are they? and he said like 150%. some massive amount. do you. do you sell mini motorcycles? you think people want to buy harley anyway. no, we sell very few in india at the widest to go there. they said if you go there and build a plant that we will not charge you anything. i mean you you can do whatever you want. i said i don't like that. lo and behold i see they went and then built a plant and now they do their business with india. they probably do it outside india, too. they built a very big plant.

many countries they do that. all of a sudden you hear they're leaving milwaukee or leaving wherever they may be located. it's very sad to see. and it's so simple. i mean, this isn't like elon with his rocket ships land within 12 inches on the moon when you want it to land. or he gets the engines back. i said to them that the? isa engines three or four years ago. these things are coming, cylinders, no wings, another thing and they're coming out very slowly landing on a raft in the middle of the ocean someplace with a circle, boom. reminded me of the biden circles that used to have, right? he would have eight circles and he could feel them up but then i heard he beat us with the popular vote. i don't know, i don't know, couldn't fill up the eight circles. i always loved the circles, they were so beautiful. there are so beautiful to look at pick in fact, the person that

did that, i was the best thing about the level of that circle was, right, but he couldn't get people so used to have the press stand in the circles because he couldn't get the people. and the hardware loss. oh, we lost. we will never let that happen again but we had been abused by other countries. we've been abused by our own politicians, really more than other countries. i can't blame them. which have been abused by people that represent us in this country. some of them stupid. some of them naïve, and some of them crooked frankly. but interestingly it's often those allies that we consider to be friends that have been the greatest abusers. we had some great abusers. i'll give you an example. the european union. sounds so nice, the european union of countries. oh, so nice. they are brutal. we have a $200 hundred billion dollars deficit within come now

higher than that, to fiftysomething. and i got asked at the time angela, angela comedy chevrolets to have been the middle of berlin? oh, i do not know. perhaps, perhaps none. you're right, angela, you're right. how about frankfort? how many do we have? how many forced to have in frankfort? i don't think any. and yet they send their cars to us like like a bunch of de are. bmw, mercedes, volkswagen by the millions and millions and millions, and we're not doing that. we're not doing that crap anymore, okay? now they are going to have to play by our rules. they are going to have to play by our rules. but chide of course was the biggest abuser. i mean they were a professional abuser. they did things to us and they go down as a developing nation. we are a developing nation. we are a developing nation to

come just take a look at detroit. detroit is developing, detroit is a developing area. hell of a lot more than most places in china. so we're not going to let this happen any longer and i don't think it will be, i don't think it will be possible for bad politicians to stop it. i don't think so because we suffered too long and too hard. and i think much of it during my four years but felt that during the covid period it would not be the right time to be going doing this with countries that we negotiate with japan, renegotiate with south korea, we negotiated with many. but you with the covid everybody was just literally devastated by that discourage come devastator is not the right time. i had to slow it up a little bit. i was hitting them real hard. shinzo abe was great. he was assassinated. what a great man he was. i went to him and i said i got

down very well. usually a friend of mine, a great man actually. loved by the japanese people. he, you get sick. he had to take a leave of absence but he was going back and he would have gone back and easily gone back. he was just getting ready to do and he was, he was much better i think it was probably should avoid he had. and he was going back but i said to them, shinzo, we have to talk about trade. sorry to bring it up. i'm sorry. this is the most one-sided deal i've ever seen. you sent millions of cars to us and we can send you a car. they didn't accept any of our cars. you send all of your farm products to us and you don't want to accept our farm products. i'm sorry, shinzo, we're going to have to negotiate something. he looked at me and goes i know. i said what do you know? he said well i know that you're going to be coming back to me, and i know it hasn't been fair.

i said well, how did it happen? he said, well, we ask for things and the americans would agree to it. your representatives, your president. republicans to by the way. i'm not talking just democrats. he said we were friends. he would say this. i probably wouldn't say it if you want to rent not very nice, but he told the truth. he said, i said how did you get these deals? he said we would ask and they would approve. and we were amazed ourselves. but i knew you be coming to see me. and i said i have to see you, shinzo. and when made and you deal with japan but we were stuck with an old once i couldn't negotiate as good as i know but we made it palatable and we're going to really make it palatable when this one came up. but he was great but he looked at me i'll never forget it,