Companies leaving United States will face ‘consequences’

November 29: Carrier says it has reached agreement with Trump to keep almost 1,000 jobs in Indianapolis.

“We can’t allow this to happen anymore with our country”.

Representatives of the business-friendly U.S. Chamber of Commerce and the Competitive Enterprise Institute declined to comment on the question of whether, as a matter of policy, the president ought to be getting involved in firms’ business decisions. The company will invest $16 million and get $7 million in state incentives in return.

It’s not certain, but there may have been some strong-arm tactics involved, too.

Connecticut-based United Technologies – which reported revenue of $56 billion in 2015 – has almost $7 billion in federal contracts. Earlier this week, Sen.

Trump and Pence celebrated the 1,000 jobs deal at an event in Indianapolis on Thursday, but employers elsewhere in IN are laying off five times as many workers because of foreign competition.

Trump himself implied that such tactics will be part of his strategy to convince US companies to remain in America.

“Americans will be the captains of their own destiny once again”, he said, adding, in classic Trump fashion, that the people have powered his movement.

Trump said his negotiations with the maker of air conditioning units were a model for how he would approach other U.S. businesses that are tempted to move jobs overseas to save money. This is the equivalent of 178 Trump deals with Carrier at zero cost to taxpayers. “Can’t remember the last time a president did that”, Steven Mnuchin, Trump’s pick to be Treasury secretary, told reporters in the Trump Tower lobby Wednesday.

Trump on Thursday defended directly intervening with a company looking to move overseas, potentially opening the door to unprecedented corporate intervention by a sitting president.

“This to me is scary”, Cowen tells Inskeep.

It’s not yet clear how much of the company’s decision was based on concerns about maintaining the significant amount of business it does with the government. There will be isolated situations from time to time.

Previous presidents-elect have also done campaign-style events, but they tended to be smaller in scope and took place closer to the Inauguration Day of January 20.

I’m suggesting that the success of the incoming administration in protecting those manufacturing jobs is something that they’re going to have to aggressively ramp up if they want to meet the standard set by the Obama administration.

President-elect Donald Trump urged his supporters Thursday to be the “agents of change” and to keep the pressure on elected leaders in Washington to make sure they deliver on the promises that he laid out in his victory over Hillary Clinton in the presidential race. We live in a constitutional republic, not an autocracy.

“They can leave from state to state, and negotiate deals with different states, but leaving the country will be very, very hard”, he added.

“We (his company) were behind him because we thought he would be better for business”.

He brushed aside questions about the specifics of the deal, saying he thinks “it’s pretty darn good that people are keeping their jobs in IN instead of going to Mexico”. The great hallmark of this country is we love to compete. People are saying: Do you think Trump’s going to build the wall?

Cowen: They do a lot of defense contracting; it’s at least 10 percent of their revenue.

The Democratic President and the Republican President-elect each made early visits to IN to shine a spotlight on their job efforts. They turned it down.

Democrats, meanwhile, championed Obama’s stimulus package – as well as the bank bailout’s inclusion of money to rescue the automotive industry – early in his presidency.