Trump warns of costs for outsourcing jobs

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President-elect Donald Trump speaks at the Carrier plant in Indiana on Dec. 1, 2016. (Photo: CNN/MGN)

WASHINGTON (AP) – The Latest on President-elect Donald Trump (all times EST):

3:35 p.m.

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President-elect Donald Trump is warning that companies are not going to leave the United States anymore “without consequences. It’s not going to happen.” He says that companies leaving will be “taxed very heavily” at the U.S. border.

Trump spoke at an Indianapolis factory where he says he helped prevent hundreds of jobs from moving to Mexico.

Trump said at the Carrier plant that more than 1,100 jobs will be maintained there. But he didn’t talking about hundreds of workers who are still set to lose their jobs.



The incoming president is vowing to lower the country’s business tax rate from 35 percent “hopefully down to 15 percent” and eliminate regulations.

Any changes to the tax code would need to be approved by Congress.

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3:25 p.m.

President-elect Donald Trump says he didn’t mean it when he first vowed to stop an Indiana air conditioning company from shipping jobs to Mexico.

Trump said Thursday that the campaign-trail promise to save Carrier was initially only a symbol for the other manufacturing jobs he would save if elected. He said he thought it was too late to change the company’s plans.

He says it wasn’t until a week ago that he took his promise seriously, after watching a report about the Indiana company on the nightly news.

Trump says he called a company executive and helped negotiate a deal that would involve keeping about 800 union positions in Indianapolis that were initially set to be outsourced.

Indiana officials offered Carrier $7 million in incentives as part of the deal.

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2:45 p.m.

President-elect Donald Trump is touring the Indiana factory where he says he saved hundreds of jobs from moving to Mexico.

Trump, joined by his running mate Mike Pence, walked through a portion of the Carrier plant in Indianapolis.

He waved at some cheering workers, spoke with Carrier executives and inspected an assembly line.

Trump made saving the plant a central promise of his campaign.

A deal was reached this week to keep 800 jobs at the Indiana plant. But hundreds more are still set to lose their jobs.

A Carrier spokesman said earlier Thursday that the company received $7 million in tax incentives from Indiana to keep the factory running.

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1:15 p.m.

Indiana is offering Carrier $7 million in incentives to keep some jobs in Indiana that the company had planned to shift to Mexico.

A company spokesman, Seth Martin, says the offer was made to the air conditioning and furnace maker after negotiations with President-elect Donald Trump.

Trump and Vice President-elect Mike Pence plan to announce the deal in Indianapolis later Thursday.

State economic development officials could not immediately be reached for comment to confirm the figure.

The Associated Press previously reported the deal will involve keeping about 800 union positions in Indianapolis that were to be outsourced.

Trump made Carrier’s plans to shutter the Indianapolis plant a central issue of his campaign. He repeatedly railed against the company for its plans to move production to Mexico.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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