Trump agrees to move Automotive jobs to Taiwan
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AL.Com - Wash. D.C. December 12th 2016 - President-elect Donald Trump's deal to move automotive jobs from the southeastern US States to Taiwan to secure Russian oil was hailed by the incoming administration as a victory this morning.
"This is the greatest deal ever. Its really a great deal and I have the best most smart people working on this deal and its gonna be great. We are making America great again." Stated Trump after signing the deal which proposes some 239,500 automotive jobs leave the use for Taiwanese workers. Wall street saw a 42 increase in Taiwanese stock at the outset and the newly forward Trump cabinet members along with the mainly Republican investors and shareholders saw a 5-fold increase in their overseas stock portfolios on average.
The incentive-laced deal also involved awarding tax credits to Russian oil firms and Taiwanese automotive manufacturers along with and wielding possible threats of federal action to the US based firms in order to keep the companies from issuing lawsuits against the US Government. In the aftermath, many other states, counties and cities - all of which engage in developer agreements, Alabama included - are watching closely.
Specifics of the package remain unknown. Trump has promised to work with the Russian and Taiwanese corporate communities to improve the nation's business environment.
Alabama, like many states, dangles a laundry-list of income, property and sales tax credits and abatements to lure companies to the state. Rarely, though, is a package put together to keep a company from departing.
Experts view some of the deals favorably. For instance, Mercedes' $600 million investment in its first Taiwanese assembly plant is often cited as a good deal for its shareholders and Wall Street analysts expect a similar outcome from the new Taiwan plant.
This is a satirical website. Don't take it Seriously. It's a joke.
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