US prez warns CEOs of border tax for shifting jobs abroad

Promising the business leaders that he will not impose any new tax, Donald Trump on Tuesday said: "All you have to do is stay. Don't leave, don't fire your own people in the US, we have the greatest people in the world." He promised that he would cut taxes "massively" and slash regulations by 75 per cent or more.

"What we're doing is we are going to be cutting taxes massively for both the middle class and for companies, and that's massively. We're trying to get it down to anywhere from 15 to 20 per cent, and it's now 35 per cent but it's probably more 38 per cent than it is 35, wouldn't you say?

That's a big thing," he said. "A bigger thing, and that surprised me, is the fact that we're gonna be cutting regulation massively.