Breaking News

We’ll make taxes difficult for foreign companies trying to sell into U.S – Trump

U.S President-elect, Donald Trump has warned that the country would put in place difficult border taxes especially on companies operating outside the country but who may want to sell their products back into the United States. He also said that the country will however reduce taxes and regulations on businesses provided such businesses remain in the country.

He gave the statement, Sunday, via social media.


Trump who said the “United States is open for business” however warned of difficult and high taxes of at least 35% on companies and investors who may want to fire their employees in the country, build their factories outside the country and then think of selling their products back into the country.

“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!”

“There will be a tax on our soon to be strong border of 35% for these 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 BUSINES,” he concluded.



Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.