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Covid-19 crisis: Donald Trump may tax firms manufacturing outside US

In an interview with Fox Business News, Trump said taxation was an incentive for companies to return manufacturing bases to the US.

Donald Trump
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US officials say Trump’s administration is “turbocharging” efforts to push companies to move production away from China, partly as a way to punish Beijing for its early handling of the coronavirus outbreak.

Agencies Washington
US President Donald Trump has threatened to slap new taxes on American companies to dissuade them from moving their manufacturing bases from China to countries like India and Ireland, instead of their own, amid the Covid-19 pandemic.

In an interview with Fox Business News, Trump said taxation was an incentive for companies to return manufacturing bases to the US.

“Apple said now they’re going to go to India. They’re going to do some production in India away from China,” he was asked.


“If they

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