Some U.S. companies are now afraid to take their business to China and are also hesitant to make job cuts, for fear of being labeled “anti-American” by President-elect Donald Trump.
“America first” was one of Trump’s many famous campaign slogans. After winning the election, Trump has taken to Twitter to reaffirm his stance on a stronger American economy. The President-elect has made it clear he holds U.S. companies accountable for where they do their business and how much of their business relies on American workers.
“Any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. without retribution or consequence is WRONG!” Trump tweeted in December.
Reuters reports that business executives and crisis management teams have said companies are scared to move production abroad and merge with other companies, which would result in major job cuts. In fear of being mentioned on Trump’s Twitter account, Reuters says the companies are doing everything they can to keep a “low profile” and remain a “pro-America” business.
Fitbit’s chief executive, James Park, told Reuters he expects his company, as well as others who have major manufacturing operations in China, to prepare alternative plans.
“CEOs are talking to their boards, saying we’ve got to be viewed pro-America. If something is more on the margin – like layoffs, or moving manufacturing, then they are not going to do it,” one Fortune 500 CEO, told Reuters.
JOIN THE MOVEMENT to SAVE THE NATIONAL ANTHEM
Please join the thousands of DML readers who have purchased a bumper sticker. CLICK HERE.
If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).
To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.
Sign up to get breaking news alerts from Dennis Michael Lynch.
Value of Mexican Peso Changes As Trump Speaks