Carrier’s parent company: No ‘quid pro quo’ with Trump

United Technologies CEO Greg Hayes speaks at Carrier Corp Thursday, Dec. 1, 2016, in Indianapolis. “Because he has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives”.

“It was a cost as we saw it about keeping the IN plant open”, Hayes told CNBC’s Jim Cramer on the factory floor of jet engine manufacturer Pratt & Whitney IN Middletown.

“We didn’t know the breakdown before because no one would give us any information”, Union President Chuck Jones told Eyewitness News by phone Monday. It’s a proposal that disturbs many experts, who warn of unintended consequences that could include higher prices for USA consumers, an increase in undocumented immigrants and an increasingly crime-based economy on our southern border.

Trump began his Twitter message with the carrot, saying the United States will “substantially reduce taxes and regulations on businesses”. “And so we weighed all of things in making the decision with the board”.

After his election, Trump went to work on a deal.

President-elect Donald Trump visits the Carrier plant on Indianapolis’s west side. Then the Trump administration will pledge some valuable incentive that “saves” most of those jobs.

“I think we came up with a relatively good solution for everybody”. “We’ve got to sit down, we’ve got to do something”. It details which jobs are staying here in Indy and which are going to Mexico. Carrier can pay workers in Mexico about the same per day as it pays in workers per hour. Now, instead, United Technologies has simply been bribed, to the tune of $7 million in tax cuts (and guess who’s going to have to make up that shortfall?) And even after all of this, 1,000 additional Carrier employees will soon find themselves out of a job.

Remember when President Barack Obama was vilified by Fox News for saving 1.5 million auto manufacturing jobs?

“It distorts the market when decisions are being made not on a profit-and-loss [basis or] hard cold analysis of ‘it makes better economic sense to do plan A than plan B, ‘” Slaper says.

He then slammed another IN manufacturer, Rexnord, for moving 300 positions south of the border.

Mr Ross also said that blanket double-digits tariffs on goods from Mexico and China – which many economists warned could spark a damaging trade war – would only be used as a last resort.

President-elect Donald Trump vowed to whiplash companies that offshore jobs then try to sell goods back into the US with a 35 percent imports tax, in a series of Sunday-morning Twitter posts.