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Trump warns businesses of 'consequences' for leaving U.S.

Saturday, February 11, 2017 - 00:57

President Donald Trump warns businesses that are considering relocating their operations abroad, ''there will be consequences'' for leaving the United States. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) President Donald Trump said he is committed to making it easier for businesses to operate in the U.S., during his weekly address on Friday (February 10). Trump said the White House was working on a "major tax reform" that will make it harder for companies who relocate their operations abroad. "They're not just going to say bye-bye and fire everybody. There will be consequences," Trump said. Earlier in the week, Intel Corp chose the White House Oval Office as its backdrop to announce a $7 billion investment in a previously shelved Arizona factory, which it said would create 3,000 jobs when it is up and running. Trump, a Republican who took office on Jan. 20, promised during his campaign to push companies to keep or create jobs in the United States rather than sending them abroad.

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Trump warns businesses of 'consequences' for leaving U.S.

Saturday, February 11, 2017 - 00:57