MOSCOW (Sputnik) — President-elect Donald Trump warned on Sunday he would levy a heavy tax on US businesses planning to leave the country and then selling their products on its territory.
"Any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S……. without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies…… wanting to sell their product, cars, A.C. units etc., back across the border," the president-elect posted on Twitter.
The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country,
— Donald J. Trump (@realDonaldTrump) December 4, 2016
fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S…….
— Donald J. Trump (@realDonaldTrump) December 4, 2016
without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies……
— Donald J. Trump (@realDonaldTrump) December 4, 2016
wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but…..
— Donald J. Trump (@realDonaldTrump) December 4, 2016
these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very…
— Donald J. Trump (@realDonaldTrump) December 4, 2016
expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS
— Donald J. Trump (@realDonaldTrump) December 4, 2016
Trump noted that while this would hinder many companies, US based companies "are able to move between all 50 states, with no tax or tariff being charged."
On Thursday, Trump reached a deal with Carrier to keep about 1,000 factory jobs in Indiana that were meant to move to Mexico. Reportedly, the company will receive $7 million in tax breaks over 10 years. He added that he planned to lower the business tax from 35 percent to 15 percent as part of his strategy for keeping jobs in the United States.
