President-elect Donald Trump took to Twitter early Sunday to offer strong criticism of American companies that outsource jobs, while saying that as long as he is president, there will be big penalties for them if they sell their outsources products back in the U.S.
"[E]xpensive mistake!" Trump wrote in the sixth tweet of his rapid-fire tweet storm. "THE UNITED STATES IS OPEN FOR BUSINESS."
The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country,— Donald J. Trump (@Donald J. Trump) 1480851707.0
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. ......— Donald J. Trump (@Donald J. Trump) 1480852146.0
without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies ......— Donald J. Trump (@Donald J. Trump) 1480852661.0
wanting to sell their product, cars, A.C. units etc., back across the border. This tax will make leaving financially difficult, but.....— Donald J. Trump (@Donald J. Trump) 1480853135.0
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 ...— Donald J. Trump (@Donald J. Trump) 1480854061.0
More from Politico:
A central theme of Trump's 2016 presidential campaign had been bringing back jobs that had been outsourced to other countries over the years.
That point was something he emphasized last week with a deal that was to retain some jobs at Carrier, a division of United Technologies that manufactures air conditioners in Indiana, rather than having those jobs exported to Mexico. That deal has come under some criticism, even by the likes of Sarah Palin, for rewarding an individual company for what amounted to economic blackmail.
Many conservatives and free-market thinkers alike are likely to have problems with Trump's proposed 35 percent tax. Palin labeled Trump's market tinkering "crony capitalism," and it appears that "cronyism" — the government's meddling in what is suppose to be a market largely free from government intervention — will continue.
Instead of threatening companies with a hefty tax, many conservative thinkers instead believe that Trump's administration should make the business environment more favorable and conducive for businesses — something the Obama administration never tried to do.