Donald Trump has stepped up his warnings that US companies will be punished for shifting production overseas.
The US president-elect on Sunday reinforced a campaign pledge that he would impose a punitive 35 per cent tariff on US companies that import products from their factories abroad, a step that would roil global supply chains and meet fierce resistance from business.
In a series of early-morning tweets, he told companies considering offshoring that his plans would “make leaving financially difficult”, adding: “Please be forewarned prior to making a very expensive mistake!”
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