In a speech delivered in Savannah, Georgia on Tuesday, former President Donald Trump outlined his bold economic proposals aimed at revitalizing the American auto industry and the economy as a whole. Trump pledged to prevent U.S. businesses from outsourcing jobs overseas, particularly targeting the auto manufacturing sector. He emphasized the imposition of a 100% tariff on cars imported from Mexico as a means to incentivize automakers to build their plants in the United States, envisioning German car companies eventually becoming American car companies.

The proposed policies, if implemented, could significantly disrupt the American auto industry, which currently relies on manufacturing in countries like Mexico to maintain profit margins on smaller, lower-priced vehicles. While German automakers already have substantial manufacturing operations in the U.S., Trump's plan to increase production domestically could result in the need to reduce operations in their home countries, potentially affecting efficiency and output.

Trump's economic agenda, which he termed as 'new American industrialism,' includes a mix of measures such as the imposition of tariffs on imports, a reduction in the U.S. corporate tax rate, and the streamlining of regulations to boost energy production. He highlighted plans to create a special ambassador role to attract foreign manufacturers to the U.S. and offer incentives like access to federal land. The former president also stressed his commitment to prioritizing American interests and creating millions of jobs through his proposed economic initiatives.