- The U.S. is going to substantialy 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! 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. 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.
- At the risk of taking Trump literally, rather than seriously, I wonder if he actually thinks he can do this? It's not as if the president is allowed to unilaterally slap a 35 percent tariff on Carrier air conditioners or Ford Fiestas, after all.
Keven Drum thinks that Trump wont be able to do it but I disagree. He may not be able to literally impose a 35% tariff like he says but the US has so many damn laws and regulations that he can effectively make it very expensive for these companies to do business. He can put people in charge of regulators that go after the companies he singles out and after a few very public displays everyone else will fall inline. EPA, FAA, FCC, FDA all these entities can grind business to a halt and everyone has baggage. Just the threat of that is enough to cause those juicy CEO bonuses to shrink. IF there is no short term boost from outsourcing announcements we will be seeing a lot less of them.