Trump who said the "United States is open for business" however warned of hard and high taxes of at least 35% on companies and investors who may want to fire their employees in the country, build their factories outside the country and then think of selling their products back into the country.
In a tweet, Donald Trump said: United States is about to reduce taxes and regulations on all but any one or any business that leaves U.S. for another country, fires its workers, builds a plant in the other place and then sell its product back into the USA is wrong.
"Tariffs are one thing", Mr Wolfers tweeted.
During the presidential campaign, he repeatedly threatened to impose tariffs 35 percent on Mexican imports, 45 percent on Chinese.
Donald Trump has raised fears of a trade war after one of his long-term advisers suggested a 35 per cent tariff on goods produced overseas by USA companies could also be applied to global firms.
Kanye West released from hospital, was 'fighting' with Kim before hospitalization
Kim's low key celebration was attended by included her sisters, Khloé and Kourtney Kardashian, and her half-sister Kylie Jenner. The rapper got discharged from the UCLA Medical Center hospital on Wednesday after a week-long treatment for exhaustion.
Trump earlier challenged U.S. companies at a campaign-style rally on Thursday after striking a deal with Carrier to keep about 1,100 jobs in IN in exchange for $7 million in state tax incentives over 10 years.
The elliptical announcement follows a week in which Trump bragged about his ability to persuade USA corporations to reconsider moving jobs overseas.
Since Mr Trump's election, his team has described tariffs as a potential tool to be used to pry concessions from America's trading partners.
Billionaire investor Wilbur Ross, Trump's pick for secretary of commerce, had previously warned such major tariffs could trigger an unpleasant trade war with China or Mexico. They are imposed at the border, and importers would likely try to pass along as much of the cost as possible to their customers. The Global Times, a Chinese newspaper, has already warned that China could retaliate by limiting sales of USA cars and iPhones and by ordering aircraft from Europe's Airbus instead of America's Boeing.
This is part of Trump's campaign promise to return blue-collar jobs back into the USA mainland. But higher tyre prices cost American consumers an extra 1.1 billion dollars (£865 million) - more than 900,000 dollars (£708,000) for every job saved.