Trump threatens tariffs on companies who do not manufacture in US

Companies must make their products in the United States or face tariffs, Donald Trump has told the World Economic Forum.

“Come make your product in America, and we will give you among the lowest taxes of any nation on Earth. We’re bringing them down very substantially, even from the original Trump tax cuts,” the president said.

“But if you don’t make your product in America, which is your prerogative, then very simply, you will have to pay a tariff, differing amounts, but a tariff, which will direct hundreds of billions of dollars, and even trillions of dollars, into our Treasury to strengthen our economy and pay down debt.”

He went on to promise:

Under the Trump administration, there will be no better place on earth to create jobs, build factories or grow a company than right here in the good old USA.

Trump said he would impose a tariffs on a variety of countries on his first day in office, but ultimately decided to hold off, at least for now.

(Source: The Guardian)