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US President-elect Donald Trump warns American Firms wanting to Relocate Abroad, says Companies will face Punishment

The state offered Carrier USD 7 million in incentives over 10 years

Delhi, Dec 3, 2016: In his presidential campaign, Donald Trump has laid emphasis on the fact that companies leaving the US and shifting to other countries like Mexico and in Asia, will face an unsparing reaction from the government.

Therefore, post his victory in the elections, Trump has stuck to his campaigning words and plans, making it clear that companies will face dire consequences of the shift to another country or continent.

At the Carrier plant in the Indianapolis, Trump said, “Companies are not going to leave the United States anymore without consequences. Not going to happen.They can leave from state to state, and negotiate deals with different states, but leaving the country will be very, very difficult,” mentioned AFP.

Trump specifically picked at Carrier, a brand of United Technologies Corporation. He earmarked the firm saying, “But I called Greg (Hayes, UTC’s chairman) and I said it’s really important, we have to do something because you have a lot of people leaving and you have to understand we can’t allow this to happen anymore with our country.”

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He claimed he had tried to convince the firm to not move so many jobs to Mexico. He also added, quite austerely, that he would impose major tariffs on Carrier products, in the States. Hence, to keep million jobs in the States, a deal was brokered between the state and the firm, by the vice president Mike Pence, who is Indiana’s state governor too.

The state offered Carrier USD 7 million in incentives over 10 years, “contingent upon factors including employment, job retention and capital investment,” the company said in a statement. Pence said that the deal will be an underpin for the firm and the state.

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“This is a great day for Indiana and it’s a great day for working people all across the United States of America,” Pence said.

However, liberal Bernie Sanders is in indisposition towards Pence’s deal.

“Trump endangered other US jobs, because he has signalled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives”, Sanders said.

– prepared by Shambhavi Sinha of NewsGram with AFP inputs. Twitter:  @shambhavispeaks

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