Donald Trump’s threats to use taxes as “retribution” against U.S. companies that move jobs overseas are legally dubious, tax specialists say—and they’re prompting resistance from some Republican leaders who fear a coming era of economic protectionism.
The rule—which raised the pay threshold for salaried workers to be exempt from overtime pay—would have affected about 87,000 Indiana workers if fully implemented as planned on Dec. 1. It's now in limbo due to a court decision.
The phone call drew an irritated response from China, whose foreign minister called the contact a "small trick by Taiwan" and noted that "healthy" U.S.-China relations hinge upon the so-called "one-China" policy.
President-elect Donald Trump is reviving the persuasive art of "jawboning" as he uses the bully pulpit to strong-arm straying manufacturers. But for how long will it be effective, and is it in the long-term best interest of the economy?