Friday, 15 May 2020

US president threatens local companies like Apple with extra taxes if manufacturing stays overseas

The president of the United States is planning to implement new taxes on American companies that manufacture their products abroad, like Apple. According to Donald Trump, taxation is an incentive - if the companies don't want to pay extra, they have to move their manufacturing at home. According to US officials from the Trump administration, this is yet another effort to move product manufacturing away from China. When asked whether he'll give tax breaks for some companies, he revealed that this is what companies should do for their government. Since Donald Trump began applying...

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