Trump again threatens big tariffs on USA companies that export jobs

It also raises the problem that other companies will use this example as leverage in the future – ransom if you will – when they threaten to leave the country unless some break is given to them. The company credited Trump and IN governor and Vice President-elect Mike Pence with its change.

The deal Trump and Pence reached with Carrier nets them $7 million in tax breaks over the next decade, money Pence could approve as in governor.

I will give credit where it’s due. Farmington, Connecticut-based United Technologies, which typically announces equipment price changes around this time each year, said the increase is unrelated to the Carrier plant announcement.

“I think we came up with a relatively good solution for everybody”.

Carrier already received tax incentives from the state.

Carrier agreed to keep about 1,100 jobs in Indianapolis while moving about 1,300 positions to Mexico in exchange for $7 million in tax and other incentives from the state, Bloomberg reported.

If Trump were to attempt to implement new tariffs on imports, the USA would be likely to face retaliatory measures from its trading partners.

PENCE: I couldn’t be more grateful for that. “He could have just said that and walked away”. He said businesses that want to offshore jobs have been “forewarned”. And there’s a point at which saving jobs costs too much. Since American manufacturing employment peaked in 1979 at almost 20 million jobs, about 8 million of those jobs have been lost to cheaper foreign labor or to automation. The move would have saved United Technologies an estimated $65 million a year.

“I also know that about 10 percent of our revenue comes from the US government”, Hayes said.

Robert B. Reich has served in three national administrations, most recently as secretary of labor under President Bill Clinton. And the people of IN couldn’t be more grateful for that, ” he emoted, while Todd was speaking over him and hounding that 700 jobs were not able to be saved. Even the one plant that will remain open after the move will still be crippled, with 600 less employees.

“There will be a tax on our soon strong to be border of 35 percent for these companies wanting to sell their product, cars, A.C. units etc., back across the border”, he wrote.

Trump’s incoming chief of staff, Reince Priebus, said he expected the president-elect would be burning up the phone lines to warn companies to keep jobs at home.

“He said, ‘We are going to do a lot of things in this country that are going to make it a lot more conducive to manufacturing”.

Referring to Carrier, Pence said the company reconsidered its decision after Trump asked them to do so.