Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday.

Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but undocumented immigrants only make up a tiny portion of the mortgage market.

Read More: Trump promises to ban mortgages for undocumented immigrants

“Kamala Harris can’t bring down the price of anything because her energy policies are bringing up the cost of everything,” Trump said in an address to the Economic Club of New York. Trump’s attacks on energy and inflation are likely to continue in the run up to Tuesday night, when he and Harris are scheduled to face off in their first debate.

Read More: Falling Pump Prices Blunt Trump’s Inflation Attacks on Harris

On Thursday, Mr. Trump followed up on Mr. Musk’s suggestion. In a speech at the Economic Club of New York, Mr. Trump said he planned to appoint Mr. Musk, who leads Tesla, SpaceX and X, as the head of a new government efficiency commission if he was elected president in November.

Read More: How Elon Musk Is Influencing Donald Trump

In a speech at the Economic Club of New York, the former president also proposed to cut corporate tax rates for companies that manufacture domestically, start a new sovereign wealth fund, and create "low-tax" zones on federal lands to encourage the construction of new homes.

Read More: Trump says he will appoint Elon Musk to lead government efficiency commission

The former president was asked at the Economic Club of New York if he would commit to prioritizing legislation to make child care affordable. He gave a lengthy answer in response without articulating any specific legislation he would propose, instead suggesting tariffs on foreign nations would help cover costs.

Read More: Harris wants to challenge Trump on policy at debate

"You leave the dollar and you're not doing business with the United States because we are going to put a 100% tariff on your goods," said Donald Trump addressing the Economic Club of New York on Thursday.

Read More: Donald Trump threatens 100% tariff on countries that turn away from the dollar
 

In a speech on Thursday at the Economic Club of New York, Trump publicly expressed support for the idea for the first time and said that Musk had agreed to head the commission. He also offered a general overview of what he would expect the task force to do.

Read More: Trump says he'll ask Elon Musk to lead government efficiency commission if he wins election

Trump meanwhile has promised to make energy cheaper and focused on drilling for oil in the U.S. He also rolled back major climate policies and has said he would rescind the IRA's unspent dollars if elected. He called the Green New Deal the "Green New Scam" at an event at the Economic Club of New York last week.

Read More: Clean energy sector looks to create even more jobs after the election — regardless of who wins

Trump’s rambling, word-salad of an answer to my question at the Economic Club of New York set off a firestorm. We’ve learned something about Trump: he has no plan to address the childcare crisis. That much is obvious. But we’ve also learned something about this election: childcare is, for the first time in a national campaign, a top economic issue.

Read More: I Asked Trump the Viral Question About Childcare. What His Answer Tells Us

The Republican presidential nominee, speaking to the Economic Club of New York, said he would immediately issue a national emergency declaration to achieve a massive increase in the domestic energy supply and eliminate 10 current regulations for every new regulation that the government adopts.

Read More: Trump says he’ll boost the economy by cutting federal spending and corporate taxes

At the center of the proposals, which he outlined at the Economic Club of New York, are higher tariffs, lower taxes and more Elon Musk.

Read More: Breaking Down Trumponomics 2.0

Mr. Trump, in his address to the Economic Club of New York on Thursday, also made the case for a repeal of the Inflation Reduction Act of 2022, which was President Biden’s signature climate and tax legislation.

Read More: Trump Calls for an Efficiency Commission, an Idea Pushed by Elon Musk

Trump was asked at his appearance before the Economic Club of New York about his plans to drive down child care costs to help more women join the workforce.

“Child care is child care, it’s something you have to have in this country. You have to have it,” he said. Then, he said his plans to tax imports from foreign nations at higher levels would “take care” of such problems.

Read More: Trump suggests tariffs can help solve rising child care costs in a major economic speech

Former President Donald Trump is addressing the Economic Club of New York as he sharpens his policy pitch in the final months of the 2024 presidential election.

The Republican nominee’s remarks come after a series of economic policy proposals from his opponent, Vice President Kamala Harris.

Read More: Watch: Donald Trump delivers remarks at the Economic Club of New York

The titans of finance who gathered on Thursday at the Economic Club of New York may have hoped to hear how former President Donald J. Trump would take the nation into the era of artificial intelligence, private space travel and self-driving electric cars.

Read More: Trump Praises Tariffs, and William McKinley, to Power Brokers

Former President Trump on Thursday outlined his economic agenda if he is elected in November, doubling down on many of the policies that he leaned on during his first four years in office and vowing to undo numerous Biden administration moves.

Trump spoke to the Economic Club of New York, where he addressed a crowd of economists, business leaders and journalists to call for extended tax cuts, deregulation and tariffs on companies who outsource jobs or import products.

Read More: 5 takeaways from Trump’s economic address in New York

Trump was asked at his appearance before the Economic Club of New York about his plans to drive down child care costs to help more women join the workforce.

“Child care is child care, it’s something you have to have in this country. You have to have it,” he said. Then, he said his plans to tax imports from foreign nations at higher levels would “take care” of such problems.

Read More: WATCH: Trump suggests tariffs can reduce child care costs at New York economic event

2024 Republican presidential nominee Donald Trump discussed his economic plan for the country at the Economic Club of New York. His plan included: imposing automobile tariffs, eliminating 10 old regulations for every new regulation, lowering the corporate tax rate from 21% to 15% for companies that make their products in the U.S., making the 2017 tax cuts permanent, and creating a task force headed by Elon Musk that would conduct “a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms.”

Read More: Former President Trump Remarks at the Economic Club of New York

In a speech on his economic policies at the Economic Club of New York, former President Trump called to "make the Trump Tax Cuts permanent."

Read More: Trump Calls To 'Make The Trump Tax Cuts Permanent' In Speech To Economic Club Of New York

Republican presidential candidate Donald Trumplaid out his economic vision for the country on Thursday during a speech at the New York Economic Club.

Read More: What new proposals did Trump make during his economic speech?