Latest Movies :
Home » » Donald Trump warns of 'consequences' for companies leaving US

Donald Trump warns of 'consequences' for companies leaving US

Donald Trump speaks during a visit to the Carrier plant in Indianapolis Donald Trump has warned companies considering leaving the US that they will face consequences if they move.
During a tour of the Carrier air-conditioning factory in Indianapolis, Indiana, the President-elect told workers that firms moving abroad would be "taxed very heavily" at the US border.
"Companies are not going to leave the United States any more without consequences. Not going to happen," he said.
"They can leave from state to state, and negotiate deals with different states, but leaving the country will be very, very difficult."
Video: Is Donald Trump sticking to campaign promises?
During the presidential campaign, Mr Trump repeatedly threatened to slap tariffs on firms choosing to move to countries where labour costs are cheaper.
His latest comments - his first major public remarks since winning the White House - came as he announced a deal with Carrier to prevent jobs being moved to Mexico.
The Republican billionaire made saving the plant a central promise of his campaign, and has now confirmed a deal to keep 1,100 jobs there - although hundreds of workers still face unemployment.
The President-elect is surrounded by factory workers
Image Caption: The President-elect is surrounded by workers at the Carrier plant
Indiana state officials have agreed to give United Technologies Corp, which runs the plant, $7m worth of tax breaks over 10 years.
Vice President-elect Mike Pence said the move will keep the jobs in "the heart of the heartland".
He said: "This is a great day for Indiana and it's a great day for working people all across the United States of America."
Mr Trump's supporters have described the deal as the first tangible part of his plan to increase employment.
But liberal Senator Bernie Sanders, who was up against Hillary Clinton for the 2016 Democratic presidential nomination, said the deal should worry Americans.
Video: Trump to quit empire for White House
Carrier "took Trump hostage and won," he wrote in an op-ed for The Washington Post.
Mr Sanders said the incoming President had "endangered" other US jobs "because he has signalled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives".
:: President-elect Donald Trump threatens to 'terminate' US-Cuba deal
Mr Trump also is under pressure to prevent other job cuts across the state, with several other factories in Indiana set to close.
More than five million manufacturing jobs have been wiped out across the US since 2000, with Indiana alone losing about 150,000 factory roles.
Meanwhile, The Washington Post has reported that Mr Trump is to nominate retired General James Mattis to become Secretary of Defence, with an announcement expected early next week.
The military strategist is known in the Marine Corps for his tough talk, distrust of Iran and battlefield experience in Iraq and Afghanistan.
Share this article :

Post a Comment


Social Media

Support : Creating Website | Johny Template | Mas Template
Copyright © 2011. Authentic Global - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger