President Donald Trump is taking jobs and the economy to the next level.
After months of discussing jobs, making better trade deals, lowering taxes, and cutting regulations, Samsung is ready to take Trump up on his promises.
The global electronics company is going to invest around $300 million in more United States production facilities and upgrading existing factories, according to CNBC.
They’re also going to take jobs currently in Mexico and relocate them to the U.S., creating another 500 jobs.
Trump has frequently lashed out at U.S. companies for moving operations and jobs to countries such as Mexico. Trump called for a 35-percent border tax on American businesses that move jobs abroad and import products back into the U.S. market.
“I certainly support a form of tax on the border,” he told Reuters last month. “What is going to happen is companies are going to come back here, they’re going to build their factories and they’re going to create a lot of jobs and there’s no tax.”
Last month, Treasury Secretary Steven Mnuchin told CNBC the Trump administration aimed to formulate a tax plan with support from the Republican-controlled House of Representatives and Senate and pass it before August.
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