Trump wants to lure foreign companies by offering them access to federal land

SAVANNAH, Ga. (AP) — Donald Trump’s new idea to lure foreign companies to the U.S. is to offer them access to federal land.

In a visit to Georgia on Tuesday, the former president and GOP presidential nominee is set to unveil what is billed as “a pitch to foreign companies” to revive manufacturing. He teased the plan earlier this month when he proposed a cut to the corporate tax rate from 21% to 15%, but only for companies that produce in the U.S. His opponent, Vice President Kamala Harris, wants to raise it to 28%. The corporate rate had been 35% when he became president in 2017, and he later signed a bill lowering it.

Trump has pressed Harris on the economy and proposed using tariffs on imports and other measures to boost American industry, even as economists warn U.S. consumers would bear the costs of tariffs and other Trump proposals like staging the largest deportation operation in U.S. history.

Up until now, Trump has mostly framed his economic approach with measures to punish companies that take their businesses offshore. But on Tuesday, he is set to reveal incentives for foreign firms to leave other countries and migrate to the U.S. The former president wants to personally recruit foreign companies and to send members of administration to do the same.

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