https://wisconsinindependent.com/infrastructure/trump-promise-manufacturing-miracle-failed-foxconn/
Trump’s promised ‘manufacturing miracle’ failed to materialize
Over $860 billion in manufacturing investments have been announced since President Joe Biden took office.
“He and his administration promised a $10 billion investment by Foxconn to build a new manufacturing complex and create 13,000 new jobs. In fact, he came here with your senator, Ron Johnson, literally holding a golden shovel, promising to build the ‘eighth wonder of the world,” Biden said.
“Look what happened. They dug a hole with those golden shovels, and then they fell into it.”
The failure of the Foxconn facility is part of an overall downward trend in manufacturing that occurred under Trump’s administration.
In 2020, Trump said that his policies had led to a “manufacturing miracle,” but according to data from the Bureau of Labor Statistics, the United States lost nearly 200,000 jobs on his watch. By comparison, over 700,000 manufacturing jobs have been added since Biden took office in 2021.
An August 2020 report from the nonpartisan Economic Policy Institute determined that trade policies under Trump did not slow offshoring of U.S. jobs and that his mismanagement of the response to the COVID-19 pandemic led to weakness in manufacturing.
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