Donald Trump just tweetstormed a 35pc tax on businesses moving jobs away from US

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Donald Trump has warned US companies that they can not move production out of the US and then sell goods back to the country without “retribution or consequence” as he threatened to impose a 35 per cent tax on any companies that do.

The President-elect tweeted that he would impose a “35 per cent tax on companies wanting to sell their product back across the border”.

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“This tax will make leaving financially difficult, but…..these companies are able to move between all 50 states, with no tax or tariff being charged. Please be forewarned prior to making a very … expensive mistake! THE UNITED STATES IS OPEN FOR BUSINESS,” he said in a series of tweets revealing the plan and apparently stealing London’s post-Brexit slogan.

“The US is going to substantially reduce taxes and regulations on businesses, but any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the US without retribution or consequence, is WRONG!” he said in the tweets sent early on Sunday morning.

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Trump warned of consequences to US firms moving jobs abroad on a visit to Indiana on Friday, but had not said what form that would take, until now.