We're a hawk on the issues.

Carrier Raising Its Prices

Carrier announced this week that it will be raising its prices, just one week after reaching a deal with President-elect Donald Trump.

The Hill reports:

United Technologies Corp., which owns Carrier, will raise prices for residential and commercial HVAC equipment as much as 5 percent starting next year, according to Business Insider.

The price change was first announced Nov. 23, according to the report. The company said the decision was unrelated to the deal with Trump.

Carrier last week reached an agreement with Trump and Vice President-elect Mike Pence to keep nearly 1,000 jobs in Indiana. The company had said earlier this year it was moving those jobs, and about 2,000 others, to Mexico. The company will receive $7 million in state tax breaks over 10 years as part of the deal.

Moving jobs to Mexico would have helped United Technologies save $65 million a year, according to the report.

Photo credit: Wikipedia.

About the author