“Nearly two years ago, President Trump stood in the East Room of the White House and announced that Taiwan-based Foxconn — a major supplier of Apple technology — was going to build its first U.S. manufacturing facility, outside Milwaukee.” Trump said at the time: “This is a great day for American workers, and manufacturers, and for everyone who believes in the concept, and the label, ‘Made in the USA.'” I bring this up now because Wisconsin residents are still looking for the 13,000 jobs that were supposed to be created.
Isn’t Foxconn building a U.S. facility a terrible day for Taiwanese workers? And what if a U.S. company built a plant in Taiwan and created jobs there instead of in the USA? Trump would be furious. Trump’s tariffs on washing machines created about 1,800 new American jobs. But at what cost? Each new job created costs American consumers “roughly $820,000 per job created.”
10:03 am on May 4, 2019
