Carrier raising its prices

Carrier raising its prices
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Carrier, which last week reached a deal with President-elect Donald TrumpDonald John TrumpGraham to introduce resolution condemning House impeachment inquiry Support for impeachment inches up in poll Fox News's Bret Baier calls Trump's attacks on media 'a problem' MORE to keep about 1,100 jobs in the U.S., is raising its prices.


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 PenceMichael (Mike) Richard PenceTrump hotel cancels Christian aid group's event to support the Kurds: report China is not going to be America's space partner anytime soon Turkey's Erdoğan warns of renewed fighting if Kurds don't withdraw MORE 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.