Trump Vows to Impose 'Substantial Border Tax' for Firms Moving Abroad

© REUTERS / Shannon StapletonDonald Trump speaks during a press conference in Trump Tower, Manhattan, New York, US, January 11, 2017.
Donald Trump speaks during a press conference in Trump Tower, Manhattan, New York, US, January 11, 2017. - Sputnik International
Subscribe
President Donald Trump stated on Monday he will introduce a considerable border tax on goods manufactured abroad by US companies who leave the country and fire American workers and then seek to sell the products in the United States.

WASHINGTON (Sputnik) — Trump explained if a company wants to fire its employees in the United States and build factories elsewhere, "and then thinks that that product is just going to flow across the border into the United States, that’s not going to happen."

"They are going to have a tax to pay, border tax, substantial border tax," Trump said during a meeting with key business leaders.

If a company makes such a move, he added, "we are going to be imposing a very major border tax on a product when it comes in, which I think it’s fair."

Newly inaugurated U.S. President Donald Trump salutes as he presides over a military parade during Trump's swearing ceremony in Washington, U.S., January 20, 2017 - Sputnik International
Trump Reveals Priorities During First Week in Office
Trump promised to facilitate meetings between top US corporations and the White House during a meeting with business leaders on Monday.

"We’ll have these meetings every — whenever you need them. I would say every quarter, perhaps. You could say monthly, but then all of a sudden monthly becomes repetitive," Trump was quoted as saying in a White House pool report.

Trump made the remarks during a breakfast meeting with business leaders, including SpaceX CEO Elon Musk, Lockheed Martin CEO Marillyn Hewson and Dow Chemical CEO Andrew Liveris.

Trump has asked business executives to present proposals on boosting American manufacturing within a month, the Dow Chemical Company CEO Andrew Liveris said in a press conference on Monday.

"We have been tasked with coming back in 30 days with a series of actions that can help stimulate the American manufacturing economy," Liveris said after meeting with Trump.

Earlier in the day, Trump announced that he will focus on job creation and national security during his first week in office.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала