Trump is crowing about a new industry that promised to open a plant in the USA. He didn't mention that Foxconn has promised to build plants here before. They weren't built. They pulled the same stunts in India and Indonesia.
I would advise all celebrations be placed on pause until this company does more than talk.
Story by Arthur Delaney, Mollie Reilly
WASHINGTON ― President Donald Trump on Wednesday announced that Taiwanese electronics manufacturer Foxconn will build a new plant producing LCD panels in Wisconsin that will bring thousands of jobs to the state…
…Trump said Foxconn planned to invest $10 billion in a factory that initially will support 3,000 jobs, adding that the facility is “currently under negotiation.” …
Trump gave himself credit for the deal.
“To make such an incredible investment, [Foxconn Chairman Terry] Gou put his faith and confidence in the future of the American economy,” the president said. “In other words, If I didn’t get elected, he definitely would not be spending $10 billion.”
Foxconn, best known for making the Apple iPhone, has made similar announcements before in the U.S…
The plant didn’t get built.
The next year, Foxconn announced a $1 billion investment in Indonesia.
The year after that, $5 billion in India.
Though the announcements caused many excited headlines, the ambitious plans never came to fruition, according to a Washington Post investigation published in March.
Neither the Trump administration nor Foxconn responded to HuffPost’s questions about how Wednesday’s announcement is different from past declarations.
Scott Paul, president of the Alliance for American Manufacturing, a group that advocates for favorable manufacturing trade policies, applauded the Trump administration for trying to bring consumer electronics manufacturing to the U.S., but said he’s skeptical of Wednesday’s news.
“I’ll be excited about this Foxconn announcement when I see actual paychecks going to workers in Wisconsin,” Paul said….
Gou has regularly made noise about bringing a Foxconn factory to the United States. Earlier this year, the company said it was considering several states for a new plant that would make digital display panels. An administration official said the deal had been in the works for months, with talks being led by Trump son-in-law Jared Kushner. At a speech in Wisconsin in June, Trump hinted an announcement could be on the horizon….
…Since winning the presidency, Trump has eagerly embraced any news of a company adding or retaining jobs in the U.S., sometimes taking credit for announcements that had been in the works before he took office.
Trump also publicly hectored firms planning to offshore production. In November, he successfully bullied the air conditioner manufacturer Carrier into canceling its plans to close a furnace plant in Indianapolis.
The deal, which Trump touted with a tour of the plant, included $7 million in state tax breaks. The company is still laying off about 500 workers.
“One of the concerns that I have is that there have been a lot of publicly staged events surrounding manufacturing jobs but the reality on the ground is this: Carrier laid off workers and sent jobs to Mexico last week,” Scott Paul said. “We have a long way to go.”..”