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Trump recommits to 'major border tax' on foreign-produced U.S. products [View all]
Source: Reuters
POLITICS | Wed Jan 11, 2017 | 4:11pm EST
Trump recommits to 'major border tax' on foreign-produced U.S. products
By Alana Wise | NEW YORK
President-elect Donald Trump on Wednesday promised a "major border tax" on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants.
Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country.
On Wednesday, he returned to the issue in his first news conference since the election. Trump, who will be sworn into office on Jan. 20, warned of a "very large border tax" on companies that shift production to foreign countries.
"You want to move your plant, and you think, as an example, you're going to build that plant in Mexico, and you're going to make your air conditioners or your cars, or whatever you're making, and you're going to sell them through what will be a very, very strong border ... Not going to happen. You're going to pay a very large border tax," he warned.
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Trump recommits to 'major border tax' on foreign-produced U.S. products
By Alana Wise | NEW YORK
President-elect Donald Trump on Wednesday promised a "major border tax" on companies that shift jobs outside the United States, further pressuring American businesses days after Fiat Chrysler Automobiles NV said heavy tariffs could force the company to shutter Mexican plants.
Since the Nov. 8 election, Trump has taken to Twitter to call out by name a number of manufacturers with both planned and existing operations outside of the country.
On Wednesday, he returned to the issue in his first news conference since the election. Trump, who will be sworn into office on Jan. 20, warned of a "very large border tax" on companies that shift production to foreign countries.
"You want to move your plant, and you think, as an example, you're going to build that plant in Mexico, and you're going to make your air conditioners or your cars, or whatever you're making, and you're going to sell them through what will be a very, very strong border ... Not going to happen. You're going to pay a very large border tax," he warned.
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Read more: http://www.reuters.com/article/us-usa-trump-bordertax-idUSKBN14V2LN
Can somebody read Mr. Trump the Revenue Clause? He obviously didn't get Paul Ryan's memo.
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