"Plants and companies are coming back into our country. You see it with announcements now from automobile companies to every kind of company. They're coming back in and, perhaps, even more importantly, they don't want to leave anymore because they know they're leaving a very good thing," Mr Trump said while signing a national manufacturing day proclamation.
He said manufacturing jobs are coming back to the US and his administration has already created tens of thousands of new manufacturing jobs.
In 2016, manufacturing contributed more than 11 per cent to America's gross domestic product and employed more than 12 million workers.
The American manufacturers of the 21st century employ innovative minds equipped with problem-solving skills and knowledge steeped in science, technology, engineering and mathematics to build their incredible products, Mr Trump said.
It is no surprise, then, that manufacturing workers earn higher annual salaries on average than similar workers employed in other sectors, he said.
Mr Trump said that if Congress acted on his historic tax cut, the largest in the history of the country, and also on his tax reform, the figures would grow even more. Under the current law, products made in America are taxed at a marginal rate of 35 per cent, and sometimes much higher than that, putting manufacturers at a tremendous disadvantage to the manufacturers in other countries.
"We want to dramatically reduce the tax on American manufacturers so that we can compete and win on the world stage. The receptivity to what we're proposing is fantastic."
"We're keeping our companies, and the companies are coming back in. And perhaps, most importantly, we're making our workers happy, and they love to work," he said.