Trump vows 35% punishment tax on firms that offshore jobs
President-elect Donald Trump vowed to whiplash companies that offshore jobs then try to sell goods back into the U.S. with a 35 percent imports tax in a series of Sundaymorning Twitter posts.
Just hours after using Twitter to complain about the most recent “Saturday Night Live” skit mocking him for his tweeting habits, Mr. Trump turned his account to more serious matters of American business.
He promised to “substantially reduce” regulations and taxes on American corporations, but said those companies that have a U.S. presence but build factories or plants elsewhere and then try to sell back here will be punished for that decision.
“There will be a tax on our soon to be strong border of 35 percent for these companies wanting to sell their product, cars, A.C. units etc., back across the border,” he tweeted.