2017-07-13 08:35:00 Thu ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
President Donald Trump has announced that a major Apple iPhone upstream supplier, Foxconn Technology Group (aka Hon Hai Precision Group), will invest $10 billion in a new manufacturing plant for LCD display panels in Wisconsin. The press conference takes place at the White House with Wisconsin Governor Scott Walker and Republican House Speaker Paul Ryan. Walker suggests that this new plant is the largest economic development project in the state's history. Foxconn Chairman Terry Guo points out that Wisconsin shines as the clear winner among at least 6 American states while Ohio is a close contender. The new manufacturing plant will employ an initial intake of 3,000 workers while this intake can increase to 13,000 in the next 4 years.
Although Apple CEO Tim Cook has yet to comment on Foxconn's new plant in Wisconsin, this latest financial news echoes the Trump stock market rally with substantial fiscal stimulus that manifests in the form of lower income taxation and tax-efficient corporate cash repatriation. Apple and its upstream suppliers together will invest their massive offshore cash in job creation, manufacturing automation, and digital technology innovation. Foxconn's ambitious expansion represents the first attempt by an Apple upstream supplier to invest in America. We will see more cascades of this positive progress in the foreseeable future.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-12-05 09:38:00 Wednesday ET
Federal Reserve publishes its inaugural flagship financial stability report. Fed Chair Jerome Powell applauds both low inflation (2%) and low unemployment (
2018-05-29 11:40:00 Tuesday ET
America and China, the modern world's most powerful nations may stumble into a **Thucydides trap** that Harvard professor and political scientist Graham
2023-04-28 16:38:00 Friday ET
Peter Schuck analyzes U.S. government failures and structural problems in light of both institutions and incentives. Peter Schuck (2015) Why
2018-06-03 07:35:00 Sunday ET
Several recent events explain why Trump may undermine multilateral world order. First, Trump withdraws the U.S. from the 12-nation Trans-Pacific Partnership
2018-05-23 09:41:00 Wednesday ET
Many U.S. large public corporations spend their tax cuts on new dividend payout and share buyback but not on new job creation and R&D innovation. These
2017-11-29 07:42:00 Wednesday ET
The octogenarian billionaire and activist investor Carl Icahn mulls over steps to shake up the board of SandRidge Energy after the oil-and-gas company adopt