Reprinted with permission from Shareblue.
As has happened so many times in his past, a deal announced by Trump has completely collapsed into a humiliating mess.
Foxconn will not be building a mega-plant in Wisconsin to make advanced liquid crystal display panels. “In terms of TV, we have no place in the U.S.,” Louis Woo, special assistant to Foxconn CEO Terry Gou, told Reuters.
The announcement is a complete reversal from the grandiose promises Trump made about the jobs and manufacturing boom the Foxconn deal he put together would bring to the country.
In July of 2017, Trump hosted Foxconn at the White House to announce the deal, which he described as “a major jobs announcement.” Later he cited the announcement as part of how in his first year he was “making America great again.”
Back in June 2018, Trump was the ringleader in a loud public ceremony to announce the facility, which he said would be “the eighth wonder of the world.” The Foxconn complex would be an example of how his administration was “reclaiming our country’s proud manufacturing legacy,” the serial financial failure announced.…