For more than a year we have been discussing the Trump ‘America-First’ economic platform. Within the discussion you may remember the following:
[…] In addition, an unquantifiable benefit comes from investment, where the smart money play -to get increased return on investment- becomes putting capital INTO the U.S. economy,… (read more)
Today Trans-Lux, a manufacturer of LCD and LED displays, announces that Trump’s victory has pushed the company to shift back from China to the U.S.A.:
[…] “Earlier this year, we didn’t think Donald Trump would win,” said Allain. “But we closely watched his campaign and listened to his protectionist rhetoric. His win forced us to reevaluate our plans in China.”
“Now with Trump’s win, Allain said the company is accelerating its move back to the U.S., with the goal to make all of its products in America within a year. (read more)
And the good news doesn’t stop there:
REUTERS – Foxconn, the world’s largest contract electronics manufacturer and a major Apple Inc (AAPL.O) supplier, said on Wednesday that it was in preliminary discussions to expand its operations in the United States.
“While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials,” it said in a statement.
On Tuesday, Masayoshi Son of Japan’s SoftBank Group Corp said he would invest $50 billion in the United States and create 50,000 new jobs, a move U.S. President-elect Donald Trump claimed was a direct result of his election win.
Foxconn’s brief statement followed a report by broadcaster CNBC on Wednesday showing a snapshot of a page held by Son outlining the investment carrying the logos of SoftBank and Foxconn, formally known as Hon Hai Precision Industry Co Ltd (read more)