Rediff.com  » Business » Trump slams IBM for 'shifting' jobs to India

Trump slams IBM for 'shifting' jobs to India

By Lalit K Jha
November 07, 2016 10:36 IST
Get Rediff News in your Inbox:

He threatened to levy 35% tax on companies shifting jobs outside the US, if elected

Republican presidential nominee Donald Trump, on Sunday, accused US tech giant IBM of laying off 500 workers in Minneapolis and shifting their jobs to India and other countries as he warned of levying a 35 per cent tax on companies doing so if he is elected.

"IBM laid off 500 workers in Minneapolis and moved their jobs to India and other countries. A Trump administration will stop the jobs from leaving America, and we will stop the jobs from leaving Minnesota," Trump said in his speech on Sunday in Minneapolis, as part of efforts to woo voters in Minnesota state which has been a Democrat stronghold.

"If a company wants to leave Minnesota, fire their workers and move to another country and then ship their products back into the United States, we will make them pay a 35 per cent tax. We will also unleash American energy including shale oil, natural gas and clean coal," he said.

Trump said he will cancel all "harmful" Obama regulations that hurt Minnesota farmers, workers and small businesses.

"We will become a rich nation once again. But to be a rich nation, we must also be a safe nation," he said.

Photograph: Reuters

Get Rediff News in your Inbox:
Lalit K Jha in Washington
Source: PTI© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY