So who’s next?
With President-Elect Donald Trump’s successful negotiation to keep manufacturing jobs in the U.S. by wheeling and dealing the Carrier corporation, there’s one big question: Which company will he target next?
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Certainly, the incoming president can’t stop the inevitable tide of manufacturing jobs leaving the U.S. (or can he?), but critics like Sarah Palin and others aside, Trump seems intent on trying.
The latest company in his headlights is ball-bearing factory Rexnord, also in Vice President- Elect Mike Pence’s home state of Indiana. They announced in the summer they were moving 300 manufacturing jobs to Mexico. Trump doesn’t like that.
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Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers. This is happening all over our country. No more!
— Donald J. Trump (@realDonaldTrump) December 3, 2016
Rexnord employees reacted positively to Trump’s tweet.
“I prayed, ‘God, just give me something to hold on to, some hope,’” said Rexnord worker Brian Bousum. “Then, he tweeted.”
For Rexnord employee Brian Bousum, this late-night tweet from President-elect Donald Trump was a small sign that left room for uncertainty.
“He said ‘no more,’” said Bousum. “Does that mean no more after Rexnord? Does it mean he’s going to talk to the CEO Todd Adams? Did he try already? I have no clue.”
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Trump appears more swayed by the worker than the political establishment. Brushing argument about “crony capitalism” aside, Trump took to Twitter Sunday morning to promise a 35 percent tariff on companies that move overseas then try to sell their products in the U.S.
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 (@realDonaldTrump) December 4, 2016
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 (@realDonaldTrump) December 4, 2016
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 (@realDonaldTrump) December 4, 2016
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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 (@realDonaldTrump) December 4, 2016
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 (@realDonaldTrump) December 4, 2016
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expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS
— Donald J. Trump (@realDonaldTrump) December 4, 2016
“The U.S. is going to substantially 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!” he tweeted. “There will be a tax on our soon to be strong border of 35% for those 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.”
Of course, Trump can’t arbitrarily levy such a tax, it needs Congressional approval and there will be plenty of conservatives and economists who will say this is a very bad idea, (because foreign companies like Toyota and Nestle, which employ millions of Americans, might move back to their countries), but so far, Trump is unfazed.
The battle continues.