Trump threatens ‘consequences’ for U.S. firms that relocate offshore President-elect Donald Trump on Thursday warned that the government would punish companies seeking to move operations overseas with “consequences,” setting the stage for an unusual level of intervention by the White House into private enterprise.
Trump’s remarks came as he triumphantly celebrated a decision by the heating and air conditioning company Carrier to reverse its plans to close a furnace plant here and move to Mexico, helping keep 1,100 jobs in Indianapolis. About that many Carrier positions at that plant and another facility in the area will still be cut, however.
Under the terms of the agreement, which still have not been finalized, Carrier would receive a $7 million tax incentive package from the state of Indiana in exchange for making a $16 million investment in the facility — though Trump said Thursday that amount would probably be higher.
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