No flight of jobs, Trump warns firms

Washington: US President-elect Donald Trump on Friday warned US companies of “consequences” if they relocate abroad and promised to slash tax from 35 per cent to 15 per cent to make America attractive for businesses. “Companies are not going to leave the US any more without consequences. Not going to happen. It’s not going to happen, I’ll tell you right now,” Mr Trump said as he visited a plant of leading air conditioning manufacturer Carrier in Indiana where he announced that he has struck a deal with the company to change their plan to relocate to Mexico and saved more than 1,100 jobs in the process. Mr Trump said he called the top leadership of Carrier to make the deal happen. “We’re losing so much. So one of the things we’re doing to keep them is we’re going to lowering our business tax from 35 per cent, hopefully down to 15 per cent, which would take us from the highest-taxed national virtually in the world — this is terrible for business — to one of the lower taxed. Not the lowest yet, but one of the lower taxed,” he said. “I just want to let all of the other companies know that we’re going to do great things for business. There’s no reason for them to leave anymore because your taxes are going to be at the very, very low end,” he said. Mr Trump also blamed people from Middle East “pouring in the US”. “People are pouring in from regions of the Middle East. We have no idea who they are, where they come from... we are going to stop that dead, cold flat,” he said.

Donald Trump was a very unconventional candidate. He is going to be an unconventional president — Paul Ryan, House of Representatives Speaker

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