Trump renews threat of tariffs on companies that move jobs overseas

The coalition has been using #TrumpLeaks to reveal information uncovered by its investigative unit about the President-elect since September of this year. Carrier stayed because of government incentives and tax breaks. “No more!” Trump said on Twitter on Friday.

Trump’s victory lap over the Carrier deal may be appropriate.

The former Alaska governor and 2008 GOP vice-presidential nominee says she’s “ecstatic” for Carrier employees.

Summers, in a December 2 blog post, said Trump’s intervention was a unsafe shift away from American-style capitalism.

China lodges a diplomatic protest after US President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blames Taiwan for the “petty” move.

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

President-elect Donald Trump fired another warning shot 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. “Now is it as cheap as moving to Mexico with lower cost labor? No”.

Union workers got a letter at the plant saying Trump’s deal with Carrier will save only 730 factory jobs in Indianapolis, plus 70 salaried positions – 553 jobs in the plant’s fan coil lines are still moving to Monterrey, Mexico. Todd immediately cut Pence off arguing, “Well, it’s not about the media sir… hitting the media is always a crutch for you guys”. It’s wonderful to win.

During the campaign, Trump seized on the Carrier plant as a prime example of the loss of US manufacturing jobs to foreign countries.

“Corporate America is going to have to understand that we have to take care of our workers”, Trump told The New York Times.

“Probably none of them amount to anything in terms of safety or the things you’d have regulations for”, he said. The reduction in tax revenue from Carrier will have to be recouped somewhere.

All 700 workers at Carrier’s Huntington plant will also lose their jobs. It was reminiscent of 2010, when Emerson Corp. – a Carrier supplier and owner of CR Compressors – moved its operations and 500 jobs from Hartselle to Mexico.

President-elect Donald Trump is not your grandfather’s Republican. There will be consequences.

So Slaper hopes that – rather than setting a precedent where companies demand the same treatment as Carrier, or where Trump always intervenes in their decisions – this deal, combined with tax and trade reforms Trump has promised, will prompt companies not to leave in the first place.

That fact is that tax breaks were offered to keep some of the Carrier jobs in the US while others will still be shifted south of the border.