Trump says he will tax US firms if they don’t reshore operations
Donald Trump threatens new taxes on US companies in a move to push global supply chains away from China
14 May 2020 - 18:19
Washington — US President Donald Trump threatened to impose new taxes on American companies that produce goods outside the US on Thursday, another move his administration could make to push supply chains away from China and raise new trade barriers.
Trump said in a Fox Business Network interview that taxation was an “incentive” for companies to return manufacturing to the US. He did not specify whether these would be new, across-the-board tariffs or another form of taxes, which would require an act of Congress...
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