Why does Trump invest in companies that outsource jobs?
Donald Trump has been tough on American companies that have moved jobs to other countries. That hasn’t stopped the presumptive Republican presidential nominee from investing in them.
Trump has denounced units of United Technologies Corp., Ford Motor Co. and Mondelez International Inc. on the campaign trail -- and has received income of as much as $75,000 from bonds issued by all three since January 2015, according to his latest financial disclosure form released Tuesday. He also has invested in Apple Inc.’s stock and bonds even though in February he called for a boycott of the company for refusing to help the Federal Bureau of Investigation unlock an iPhone used by a terrorist in San Bernardino, California.
Trump’s attacks on U.S. companies reflect a key element of his strategy for winning the White House: to compete against a Democratic rival in Rust Belt states such as Michigan, Wisconsin and Pennsylvania, where working-class voters have been harmed by international trade deals, he’s promising to stop the movement of manufacturing jobs overseas.
“Our companies are leaving our country rapidly, rapidly,” Trump said on March 15. “Frankly I’m disgusted with it.”
Carrier, a unit of Hartford, Connecticut-based United Technologies, in February said it was closing an Indiana factory and relocating the work to Mexico, eliminating 1,400 jobs. Trump, at a rally in Indiana, said he would put a 35 percent tariff on air conditioners Carrier ships to the U.S. from Mexico, saying the move would force the company to reconsider its actions.
Trump Invested in Outsourcing Companies He Denounced in CampaignTrump has denounced units of United Technologies Corp., Ford Motor Co. and Mondelez International Inc. on the campaign trail -- and has received income of as much as $75,000 from bonds issued by all three since January 2015, according to his latest financial disclosure form released Tuesday. He also has invested in Apple Inc.’s stock and bonds even though in February he called for a boycott of the company for refusing to help the Federal Bureau of Investigation unlock an iPhone used by a terrorist in San Bernardino, California.
Trump’s attacks on U.S. companies reflect a key element of his strategy for winning the White House: to compete against a Democratic rival in Rust Belt states such as Michigan, Wisconsin and Pennsylvania, where working-class voters have been harmed by international trade deals, he’s promising to stop the movement of manufacturing jobs overseas.
“Our companies are leaving our country rapidly, rapidly,” Trump said on March 15. “Frankly I’m disgusted with it.”
Carrier, a unit of Hartford, Connecticut-based United Technologies, in February said it was closing an Indiana factory and relocating the work to Mexico, eliminating 1,400 jobs. Trump, at a rally in Indiana, said he would put a 35 percent tariff on air conditioners Carrier ships to the U.S. from Mexico, saying the move would force the company to reconsider its actions.
