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Trump mocks Wall Street Journal editorial board: ‘I don’t think they understand business’

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President-elect Donald Trump fired back at the Wall Street
Journal editorial board after it criticized his deal to stop
manufacturer Carrier from shipping several hundred jobs overseas.

Earlier this month, the editorial board
characterized the deal — which will keep several hundred
jobs in Indiana in exchange for a $7 million tax break, while
allowing the company to outsource over a thousand jobs —
as a “shakedown,” and said “America won’t become more
prosperous by forcing companies to make noneconomic investments.”

“A mercantilist Trump trade policy that jeopardized those exports
would throw far more Americans out of work than the relatively
low-paying jobs he’s preserved for now in Indianapolis,”
the editorial board wrote. “Mr. Trump’s Carrier squeeze
might even cost more U.S. jobs if it makes CEOs more reluctant to
build plants in the U.S. because it would be politically
difficult to close them.”

In an interview with Fox News that aired on Sunday, the
president-elect claimed that the Journal board didn’t understand
business.

“People have said they don’t understand really what I’m doing. I
read the Wall Street Journal the other day. Honestly, their
editorial board doesn’t get it. I don’t think they understand
business. I don’t think the Wall Street Journal editorial board,
and I know some of them, they’re really nice. I don’t think they
understand business,” Trump said.

Trump ignored the Journal’s claim that the small jobs savings
would be offset by the rising cost of goods, reiterating his
promise to
level a 35% tariff on companies that outsource jobs.

“There’s a 35 percent tax, but there is no tax if you don’t move.
But if you move your plant or factory and you want to sell back
into our country, you fire all your people, there are going to be
consequences for that. There are going to be consequences,” Trump
said.

The Wall Street Journal editorial board — a conservative
body traditionally in-sync with Republican politicians on
economic issues — has clashed at times with the real-estate
mogul’s economic proposals, particularly on international trade.

Earlier this year, one member of the board
endorsed Hillary Clinton, calling Trump the candidate of
“white supremacists and swastika devotees.”

Source

http://www.businessinsider.com/trump-mocks-wall-street-journal-editorial-board-2016-12