President-elect Donald Trump promised to punish U.S. companies that ship manufacturing jobs out of the country. Instead, judging from the way he has handled Carrier, he plans to reward them. Quite handsomely, in fact.
As should be standard practice with Trump, pay attention to the substance, not the theater. United Technologies, the parent company of air-conditioner maker Carrier, has been threatening to move more than 2,000 jobs from Indiana to Mexico. Trump addressed this specifically during his campaign, vowing to hit the company with a punitive tariff.
"If they're going to fire all their people, move their plant to Mexico, build air conditioners, and think they're going to sell those air conditioners to the United States -- there's going to be a tax," Trump said on "Meet the Press" in the summer. "It could be 25 percent, it could be 35 percent, it could be 15 percent, I haven't determined."
As it turns out, how about zero percent?