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Trump to punish 'job traitor' firms

December 4, 2016 4:06 pm

US President-elect Donald Trump says he will impose punitive taxes on US firms that move manufacturing overseas.

Mr Trump promised a 35% tax on products sold in the US by any business that fired American workers, and built a factory elsewhere.

Firms should be “forewarned prior to making a very expensive mistake”, he said.

Mr Trump has promised to help blue-collar workers, reduce taxes and regulations on businesses.

“The US 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 US without retribution or consequence, is WRONG!” [sic], the Republican 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.