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That will lead them to invest and hire more overseas rather than at home.
The president also joked about opposition claims that he had been born overseas rather than in the United States.
This system has led American firms to stash an estimated $2tn£1.32tntn) overseas, rather than repatriate the money.
Corporations that invest overseas rather than within the United States enjoy a huge advantage in the form of deferred taxes on profits.
Even today, given the sensitivities that linger over the Cultural Revolution in China, his work is more often seen overseas rather than at home.
The bulging American trade deficit means that rising consumer demand is flowing to suppliers overseas rather than fueling growth at home.
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Hundreds of American companies, among them Mr. Raimondo's Behlen Manufacturing of Columbus, Neb., own facilities abroad that produce goods and services for overseas customers rather than for shipment back home.
The administration insisted that the trade deficit represented the effect of larger economic forces -- fast growth in the United States and sluggish growth overseas -- rather than a failure of open-trade policies.
These intermediate systems are "theatre" defences, designed to protect an overseas garrison, rather than America itself.
A lot of them to do them well require an overseas focus rather than an Australian focus.
We can concede, of course, that excitement in stock markets is centred on big multinationals with overseas earnings, rather than UK operators of low-price gyms.
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CEO of Professional Science Editing for Scientists @ prosciediting.com