Wednesday,
20 September 2017
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Trump warns U.S. companies of "expensive mistake" of moving production overseas

U.S. President-elect Donald Trump has warned the U.S. companies in a row of tweets that moving their production capacities overseas is an "expensive mistake".

REUTERS
REUTERS

The U.S. is going to substantially reduce taxes and regulations on businesses, "but 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!" Mr Trump tweeted.

"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," he went on. "This tax will make leaving financially difficult, but 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 expensive mistake!"

"THE UNITED STATES IS OPEN FOR BUSINESS," Trump added in capslock.

It should be noted that Mr Trump during his election campaign has repeatedly criticized the U.S. companies laying off their workers and moving production overseas.

Poroshenko says Trump asked to elaborate on Russian aggressionThe inauguration of Donald Trump is scheduled for January 20, 2017.

As earlier reported, Trump said that would fully quit his business, claiming he wanted to focus on presidency and to avoid conflicts of interest. He will hold a press conference on December 15 and say more about his decision.

U.S. Congress approves defense budget for 2017, providing for military aid to UkraineUNIAN memo. Trump is the president of a construction conglomerate Trump Organization and a founder of Trump Entertainment Resorts, which specializes in gaming and hotel industry. In 1996-2015 he was the owner of a Miss USA beauty contest.

Forbes estimated Trump wealth in 2016 at $3.7 billion (113th position in the U.S. ranking).

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