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Talon

Trump's Tariff Threats Already Having "Big League" Effect As Companies Halt Outsourcing Plans

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 Talon    716

Throughout the campaigning cycle, Trump sent a very clear message to businesses looking to move manufacturing operations offshore by repeatedly saying that subsequent imports would be hit with a massive 35% tariff.

Therefore, it's not terribly surprising that, according to Bloomberg, Trump's messaging has already resulted in several companies postponing their plans to move overseas.

Ross Baldwin, whose San Diego-based firm Tacna helps U.S. companies set up manufacturing operations in Mexico, said three new clients put their plans on hold until they see what Trump does as president.

 

At the McAllen Economic Development Corp., which assists companies seeking to expand across the Mexican border from the Texas city, two of five companies currently considering a move have put the brakes on their plans because of Trump, said Keith Partridge, the development corporation’s chief executive officer.

Meanwhile, in what Palin referred to a "crony capitalism," Boards across the U.S. are likely taking a "wait and see" approach on what kind of cost savings a Trump presidency can deliver in terms of lower corporate taxes and reduced regulations. 

“What they did in Indiana has made it clear to every board member in America that there is a clear and present danger in outsourcing” said Jim Courtovich, managing partner of the Washington public affairs firm Sphere Consulting, who said he has already heard from worried business executives.

http://www.zerohedge.com/news/2016-12-14/trumps-tariff-threats-already-having-big-league-effect-companies-halt-outsourcing-pl

 

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