{"id":1003548,"date":"2019-01-30T11:47:52","date_gmt":"2019-01-30T15:47:52","guid":{"rendered":"https:\/\/democrats.org\/?p=1003548"},"modified":"2024-05-23T20:10:29","modified_gmt":"2024-05-23T20:10:29","slug":"trump-took-credit-for-foxconns-u-s-investment-now-foxconn-is-shifting-that-investment-to-china","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trump-took-credit-for-foxconns-u-s-investment-now-foxconn-is-shifting-that-investment-to-china\/","title":{"rendered":"Trump Took Credit For Foxconn\u2019s U.S. Investment, Now Foxconn Is Shifting That Investment To China"},"content":{"rendered":"

Trump claimed credit for Foxconn\u2019s planned investment in manufacturing in the United States, repeatedly pointing to Foxconn\u2019s promise as evidence that his economic agenda was working. But now, Foxconn is looking at moving its manufacturing to China instead.<\/p>\n

 <\/p>\n

THEN:<\/p>\n

 <\/p>\n

Trump praised Foxconn as evidence that his economic agenda was working, and that factories and jobs were pouring back into the country.<\/p>\n

 <\/p>\n

Trump<\/a>: \u201cFoxconn is moving into the country for the first time. Apple is going to be building massive plants. And there\u2019s a big reason for that, and the reason happens to be Trump.\u201d<\/p>\n

 <\/p>\n

Trump<\/a>: \u201cEverybody wanted Foxconn. Frankly, they weren\u2019t going to come to this country. I hate to say it, if I didn\u2019t get elected, they wouldn\u2019t be in this country. They would not have done this in this country.\u201d<\/p>\n

 <\/p>\n

ABC News<\/a>: \u201c\u2018Today we’re seeing the results of the pro-American agenda,\u2019 Trump said, adding it was the embodiment of his \u2018Make America Great Again,\u2019 campaign slogan, what he called \u2018the greatest campaign slogan in politics.\u2019\u201d<\/p>\n

 <\/p>\n

Trump took credit for Foxconn investing $30 billion in Wisconsin, and claimed they would create 14,000 to 15,000 new manufacturing jobs.<\/p>\n

 <\/p>\n

CNBC<\/a>: \u201cPresident Trump said Tuesday that he was told \u2018off the record\u2019 by Foxconn chairman Terry Gou that the company plans to spend $30 billion on a new U.S. plant \u2014 which would be three times the amount of money the company has previously pledged.\u201d<\/p>\n

 <\/p>\n

Trump<\/a>: \u201cAnd Foxconn came up. They\u2019re an incredible company. They\u2019re building an incredible plant, and you\u2019ll see, I guess it\u2019s 14, 15,000 jobs, and I was very involved. I actually recommended Wisconsin.\u201d<\/p>\n

 <\/p>\n

NOW:<\/p>\n

 <\/p>\n

Foxconn is rethinking its $10 billion investment in Wisconsin manufacturing, and plans to manufacture its LCD panels in China.<\/p>\n

 <\/p>\n

Reuters<\/a>: \u201cFoxconn is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.\u201d<\/p>\n

 <\/p>\n

Reuters<\/a>: \u201cRather than manufacturing LCD panels in the United States, Woo said it would be more profitable to make them in greater China and Japan, ship them to Mexico for final assembly, and import the finished product to the United States.\u201d<\/p>\n

 <\/p>\n

Foxconn expects to hire only 1,000 workers in Wisconsin by the end of 2020.<\/p>\n

 <\/p>\n

Reuters<\/a>: \u201cEarlier this month, Foxconn, a major supplier to Apple, reiterated its intention to create 13,000 jobs in Wisconsin, but said it had slowed its pace of hiring. The company initially said it expected to employ about 5,200 people by the end of 2020; a company source said that figure now looks likely to be closer to 1,000 workers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump claimed credit for Foxconn\u2019s planned investment in manufacturing in the United States, repeatedly pointing to Foxconn\u2019s promise as evidence that his economic agenda was working. But now, Foxconn is looking at moving its manufacturing to China instead.   THEN:   Trump praised Foxconn as evidence that his economic agenda was working, and that factories […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1003548","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nTrump Took Credit For Foxconn\u2019s U.S. Investment, Now Foxconn Is Shifting That Investment To China - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trump-took-credit-for-foxconns-u-s-investment-now-foxconn-is-shifting-that-investment-to-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-30T15:47:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T20:10:29+00:00\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trump-took-credit-for-foxconns-u-s-investment-now-foxconn-is-shifting-that-investment-to-china\/\",\"url\":\"https:\/\/democrats.org\/news\/trump-took-credit-for-foxconns-u-s-investment-now-foxconn-is-shifting-that-investment-to-china\/\",\"name\":\"Trump Took Credit For Foxconn\u2019s U.S. Investment, Now Foxconn Is Shifting That Investment To China - 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