Trump: Wall Street Journal doesn't 'understand business'

Trump: Wall Street Journal doesn't 'understand business'
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President-elect Donald TrumpDonald John TrumpRussia's election interference is a problem for the GOP Pence to pitch trade deal during trip to Michigan: report Iran oil minister: US made 'bad mistake' in ending sanctions waivers MORE slammed the Wall Street Journal editorial board in an interview broadcast on Sunday, saying they don't "get" his plan to tax companies that close factories in the U.S. only to export goods made elsewhere back into the country.

"That’s the dumb market, okay? That's the dumb market. I'm a big free trader, but it has to be fair," Trump argued to host Chris Wallace on "Fox News Sunday."

"Business is way down," Trump continued after citing that 70,000 factories have closed in the U.S.

"And the way you stop it is by imposing a tax."

Trump said he came up with "a number of 35 percent" on such a tax before questioning the Journal's business acumen.

"Honestly, their editorial board doesn't get it. I don't think they understand business," Trump said. "I don’t think The Wall Street Journal editorial board, and I know some of them, they're really nice. I don’t think they understand business.

"They don't understand what I'm saying," he continued. "There's a 35 percent tax, but there is no tax if you don't move. But if you move your plant or factory and you want to sell back into our country, you fire all your people, there are going to be consequences for that. There are going to be consequences."

Trump's interview with Wallace is his first with a Sunday morning political program since winning the presidential election on November 8th.

He has also sat down for a nationally broadcast interviews with "60 Minutes" on CBS and answered questions by phone on NBC's "Today Show" last week.