President-elect Donald Trump in an interview broadcast Sunday defended his effort to prevent jobs from moving from a Carrier plant in Indiana to Mexico.

{mosads}Trump pushed back when “Fox News Sunday” host Chris Wallace asked, “What about the free market?”

“That’s not free market when they go out and they move and they sell back into our country,” Trump responded.

“That’s the dumb market, okay? That’s the dumb market.”

Trump said he is a “big free trader.”

“But it has to be fair,” he added.

“So what’s happened is we have lost over a period of years, short years, 70,000 factories in this country. Chris, 70,000. I always say to people I think it’s a typo. How could it be so many? Seventy thousand factories. We’re being stripped of our workers. We’re being — I mean, we’re being stripped of our jobs. Our good jobs are really going down, and we’ve got to stop it,” he said.

Trump said he will entice companies to keep jobs in the U.S. by “reducing taxes very substantially” for companies and reducing regulations.

“Now those are the nice ways of doing it and everyone loves it and everyone is happy,” he said.

He also threatened a 35 percent tax on those companies that do leave.

“Nobody’s going to move. They’re not going to move. They’re not going to leave. They’re going to stay here.”