Trump's Bold Tax Proposal: Car Loans and Manufacturing

Donald Trump proposes making car loan interest tax-deductible and cutting tax rates for U.S. manufacturers. His plan, requiring Congress's support, bars Chinese autonomous vehicles from U.S. roads. These are part of his campaign strategies against Vice President Kamala Harris.

In a bold move, Republican presidential candidate Donald Trump plans to make interest on car loans fully tax-deductible. This proposal was revealed ahead of his Detroit speech, according to excerpts seen by Reuters.

As a part of his extensive campaign strategy, Trump is also proposing a 15% tax rate on U.S. domestic manufacturers. The former president is taking a firm stance in his contest against Democratic Vice President Kamala Harris.

If elected, Trump will face the challenge of securing congressional support to enact these changes. His proposals also include preventing autonomous vehicles from Chinese companies from operating on American roads.

(With inputs from agencies.)