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Trump salutes Carrier _ and himself _ for saving jobs

Trump salutes Carrier _ and himself _ for saving jobs

President-elect Donald Trump warned on Thursday that USA companies would face "consequences" for outsourcing jobs overseas, as he touted his early success in persuading an air conditioner maker to keep about 1,000 jobs in the United States rather than move them to Mexico.

Trump also promised to cut the number of regulations that companies have to deal with.

On the campaign trail, Trump criticized Carrier and other US companies investing in Mexico as unpatriotic and threatened to impose tariffs on Mexican-made goods as part of his pledge to put "America first".

"I'm pleased to announce that we have made a decision to keep Carrier in Indianapolis", Greg Hayes, chairman and CEO of United Technologies, Carrier's parent company, said at the start of Trump's announcement.

"Probably none of them amount to anything in terms of safety or the things you'd have regulations for", he said. But a Trump spokesman said that no decision has been made yet.

In an early victory for Trump before he takes office on January 20, Carrier said this week it agreed to keep more than 1,000 jobs at the plant and at its headquarters, while still planning to move more than 1,000 other U.S.jobs to Mexico.

Trump and his vice president-elect, Indiana Governor Mike Pence, worked out an agreement with United Technologies CEO Gregory Hayes that gives the company financial incentives from the state, along with a promise to improve the US business climate.

During the campaign, Trump had often pointed to the IN plant's moving plans as a result of poor Obama administration policies, and he pledged to revive US manufacturing. About 84 jobs will be eliminated by early next year.

Some questions remain about the extent of the victory at Carrier, which announced this week that it will keep an Indianapolis plant open.

November 29: Carrier says it has reached agreement with Trump to keep almost 1,000 jobs in Indianapolis. It did not mention the Huntington plant. It had planned to move 2,000 jobs out of the country - some of those will still be outsourced.

On Thursday, Trump followed through on his visit with an announcement that slightly more than 1,000 jobs would stay in Indianapolis. Production from both plants is to be shifted to Mexico over the next few years.

Reuters reported that Carrier will still move about 1,000 jobs to Mexico. Trump said he was supposed to unveil that Monday, so he jokingly warned the Cincinnati crowd to "not tell anyone". When he learned the employee's mother was in the audience, he called out to her.

The speech was Trump's first since declaring victory on election night.

February 13: Trump criticizes Carrier's decision on Twitter, saying it wouldn't happen on his watch.

"Unfortunately, there are still 400-600 jobs leaving", he said.

"The American people voted for change last month and even before taking office, our president-elect provided real leadership that made the difference".

The economy now loses almost 7 million jobs a quarter through the churn of companies failing, closing or leaving the U.S., Mr. Wolfers said, citing data from the Bureau of Labor Statistics.

"I don't want to get anybody's hopes up", he said.

"They're so happy", he said. He commended the president-elect and noted how enthused his $56 billion firm and its subsidiaries are about the benefits of anticipated corporate tax reform, and "a more thoughtful approach to regulation".

"Cities and towns and states all across the country have been doing this for several decades, to try to retain, or expand business", he said.

Some economists and Democrats have downplayed the importance of Trump's actions.

He championed a deal struck with an air conditioning manufacturer to hand over $7 million in state government subsidies to keep the company from moving hundreds of jobs to Mexico.

He addressed border security briefly in a Thursday speech at an in air conditioning company.

There are now several hundred miles of border barrier separating the United States and Mexico.