Trump Threatens To Impose Tariffs On Companies That Move Jobs Outside US
- 7 years ago
In a series of tweets early Sunday morning, President-elect Donald Trump warns companies that there will be consequences for moving jobs outside the country.
On Thursday, President-elect Donald Trump appeared at the Carrier plant in Indiana to formally announce that the company has agreed to keep many jobs in the US.
Trump’s running mate Mike Pence, who is also governor of the state, began by giving a speech heralding the deal where the company has pledged to invest $16 million in the location and retain hundreds of workers.
The president-elect himself then spoke about making changes so that businesses will remain in the U.S.
Trump reiterated these thoughts in a series of tweets early Sunday morning and added some warnings for companies which may try and circumvent the system. He writes, “The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. without retribution or consequence, is WRONG!”
He then continues, “There will be a tax on our soon to be strong border of 35% for these companies wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but. these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very expensive mistake!”
Trump concludes these thoughts by writing in all caps, “THE UNITED STATES IS OPEN FOR BUSINESS.”
Despite his celebration of the Carrier deal, critics have pointed out that Indiana has promised to give the company incentives totaling $7 million and that hundreds of employees are still expected to lose their jobs.
On Thursday, President-elect Donald Trump appeared at the Carrier plant in Indiana to formally announce that the company has agreed to keep many jobs in the US.
Trump’s running mate Mike Pence, who is also governor of the state, began by giving a speech heralding the deal where the company has pledged to invest $16 million in the location and retain hundreds of workers.
The president-elect himself then spoke about making changes so that businesses will remain in the U.S.
Trump reiterated these thoughts in a series of tweets early Sunday morning and added some warnings for companies which may try and circumvent the system. He writes, “The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. without retribution or consequence, is WRONG!”
He then continues, “There will be a tax on our soon to be strong border of 35% for these companies wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but. these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very expensive mistake!”
Trump concludes these thoughts by writing in all caps, “THE UNITED STATES IS OPEN FOR BUSINESS.”
Despite his celebration of the Carrier deal, critics have pointed out that Indiana has promised to give the company incentives totaling $7 million and that hundreds of employees are still expected to lose their jobs.