Sunday, December 4, 2016

President-Elect Trump: U.S. Companies That Offshore Jobs Will Face A 35% Tariff



Washington Post: Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff

President-elect Donald Trump fired another warning shot Sunday at U.S. companies considering moving their operations out of the country, threatening "retributions or consequences" such as a hefty border tax if they do.

The pronouncements came in a string of early morning tweets. Trump declared that he intends to incentivize businesses to stay in America by lowering corporate taxes and slashing regulations, two key components of his economic agenda. But he also warned that companies with offshore factories would face a 35 percent tariff on goods sold back to the United States.

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WNU Editor: If this is going to be U.S. policy .... expect a harsh reaction from countries that have benefitted from the U.S. outsorcing of jobs, trade organizations that promote free trade, U.S. businesses who want to send their operations overseas, the media .... especially mainstream media that covers the business news, and pro-free tarders in Congress. As to who will support this Trump policy .... probably every American worker.

More News On President-Elect Trump Threatening U.S. Companies That Offshore Jobs That They Will Be Facing A 35% Tariff

Trump Takes Twitter Aim at Companies Looking to Move Jobs Abroad -- NYT
Trump Repeats Threat to Seek 35% Import Tariff for Companies Moving Jobs Overseas -- WSJ
Trump: Companies that leave the US will face 'retribution' -- The Hill
Trump renews threat of tariffs on companies that move jobs overseas -- USA Today
Trump launches Twitter blast about outsourcing of jobs -- Politico
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1 comment:

  1. fredDecember 4, 2016 at 3:26 PM

    That is: After he is in office that will take effect, so that his many companies and those of his daughter are exempt since they were already there

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