+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The manufacturer that gave Trump his biggest win since the election just raised a major issue with the deal

Dec 1, 2016, 04:22 IST

Drew Angerer/Getty Images

Carrier, the manufacturer that said it would keep more than 1,000 jobs in the US after negotiations with President-elect Donald Trump and Vice President-elect Mike Pence, made a subtle jab at the Trump administration in a follow-up statement about the deal Wednesday afternoon.

Advertisement

Carrier released a statement applauding the Trump administration's support for the business community, stating that it would preserve some jobs by continuing to manufacture gas furnaces in Indianapolis.

Carrier, which is owned by United Technologies Corp., ended the statement with a subtle jab at the president-elect.

"This agreement in no way diminishes our belief in the benefits of free trade and that the forces of globalization will continue to require solutions for the long-term competitiveness of the U.S. and of American workers moving forward," the statement said.

Carrier is saying that while Trump may have found a solution to save 1,000 Carrier jobs, he still needs to solve the underlying issues that would have allowed United Technologies to save $65 million by moving manufacturing to Mexico.

Advertisement

Carrier became a poster child throughout Trump's campaign for problems facing American workers as manufacturing jobs leave the US.

"If I was in office, Carrier wouldn't be leaving," Trump said in a speech at the Indiana Fairgrounds in April. He said he would impose an aggressive tax on Carrier and other companies moving manufacturing jobs outside the US.

Reports indicate that Trump was able to fulfill his promise by offering Carrier financial incentives to keep jobs in Indiana, as well as leveraging government contracts, since military sales make up 10% of United Technologies' business.

While Carrier's factories carried major symbolic weight for the president-elect, negotiating on a case-by-case basis with each company that threatens to outsource jobs would require a lot of time and effort - especially if each company expects Trump to sweeten the deal.

NOW WATCH: Here's everything we know about former Goldman Sachs banker Steve Mnuchin - Trump's pick for Treasury Secretary

Please enable Javascript to watch this video
Next Article