Deals
Trump Warns U.S. Companies Against ‘Very Expensive Mistake’
- Vows large tax on goods reimported after production outsourced
- Tariff proposal may be non-starter with Republican lawmakers
Trump Said to Seek More Talks With U.S. Companies
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President-elect Donald Trump warned U.S. companies that moving manufacturing to other countries would be a “very expensive mistake” as they will face heavy new taxes -- an approach likely to face resistance from lawmakers in his own party.
In an early-morning series of six Twitter posts, Trump summarized a plan outlining an integral part of his campaign position: that shifting production from the U.S. to Mexico, China or other lower-cost countries would be discouraged by punitive tax policy.