United Technologies Corporation

Trump's way of saving jobs has companies on edge: threaten big tariffs and make it personal

Trump's way of saving jobs has companies on edge: threaten big tariffs and make it personal

President-elect Donald Trump has not yet been sworn in, but he’s already set the tone for how he will deal with companies as the nation’s chief executive.

After successfully pressuring furnace maker Carrier Corp. to keep hundreds of jobs in Indiana instead of leaving for Mexico, Trump wasted little time in fingering another manufacturer in Indianapolis, Rexnord Corp., about to move south of the border and “rather viciously firing all of its 300 workers.”

Along the way, Trump issued a blanket warning that businesses shifting jobs abroad will soon be looking at tariffs of 35%, the same amount that he had threatened during the campaign that he would slap on Mexican...

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