Trump warns business leaders to stay in the US or face border tax

[Morphine Prince 109,676]

(CNN) - President Donald Trump gathered the CEOs of several top US companies at the White House on Monday and put them on notice: Move your manufacturing operations overseas and you'll face a "substantial border tax."

Trump promised the group of Fortune 500 CEOs hailing from companies including Ford, Dell and DOW Chemical that he planned to cut corporate taxes "massively" and slash regulations to give companies incentives to stay in the US, but he also warned them they would face a steep border tax to sell their products in the US if they take their manufacturing abroad.

"A company that wants to fire all of its people in the United States and build some factory someplace else and then thinks that that product is going to just flow across the border, that's not going to happen," Trump said. Trump was seated at a table with the group of CEOs and several of his top advisers, including the man driving much of Trump's trade policy behind the scene: senior adviser Steve Bannon.

What the Trump administration has done so far

"If you go to another country ... we are going to be imposing a very major border tax on the product when it comes in, which I think is fair," Trump said. "All you have to do is stay. Don't leave. Don't fire your people."

Sources told CNN last month that Trump was eyeing an across-the-board tax on imports as high as 10% -- an idea business leaders have bristled at.

Trump said he would aim to cut regulations by as much as 75% -- including by slashing environmental protections -- which would streamline the process for companies to build new factories in the US.

More: http://edition.cnn.com/2017/01/23/politics/trump-business-leaders-border-tax/

 

[En_Sabah_Nur 9,366]

Make America Polluted Again!!!  

 

[JbGaga 2,261]

idk about 75%..... But I agree with charging companys a tax to imput there goods into a country then there shipping the jobs and taxable money over seas. I know a lot of Liberals who like this aswell.

[PartySick 172,545]

I'm actually ok with this one. My question is, will Trump be paying this tax as well?

[DemeLarell 931]

Thank you Trump! Like I said before, he would be good for our country economically. I still question his social and environmental motives. 

[Redstreak 6,653]

Uh why would the corporations care about a border tax? If they're product is necessary enough they'll just pass the costs onto the buyer.

[Maleficent 6]

So either way, someone is gonna go bankrupt...

[Goosey 3,017]

40 minutes ago, En_Sabah_Nur said:

Make America Polluted Again!!!  

If you want to restore your faith in humanity, go to YouTube and search "rolling coal" 

[En_Sabah_Nur 9,366]

6 minutes ago, Goosey said:

If you want to restore your faith in humanity, go to YouTube and search "rolling coal" 

Goosey stop trolling me!  lol

 

[Morphine Prince 109,676]

26 minutes ago, Redstreak said:

Uh why would the corporations care about a border tax? If they're product is necessary enough they'll just pass the costs onto the buyer.

Lol I'm surprised no one is bringing this up. 

What if stuff starts getting expensive? 

Or will the cut to corporate taxes compensate? 

[Redstreak 6,653]

48 minutes ago, Morphine Prince said:

Lol I'm surprised no one is bringing this up. 

What if stuff starts getting expensive? 

Or will the cut to corporate taxes compensate? 

Well I imagine if they move their company they would no longer get those tax cuts

[Juvi 1,639]

wow, some of you guys are very interesting and really believe that this is a smart move?? No it's not...... the taxes those companies will have to pay, they will be put into the price of those cars & people are still going to buy them, as most of them are those "american models".... they won't let go of them & it won't change much in the long run....

 

But I still don't get why he said that.... nobody spoke PUBLICLY about moving their factories out of the US?!

And even if, most western countries aren't "Industrial countries" anymore, for what,  20 years?! Sure there are still certain factories but this man really believes that his "smart" economical decisions weren't discussed by other countries about themselves before? they did. Factories still moved as they pleased.