Economy

Trump breaks ground on site of new Foxconn factory

Trump breaks ground on site of new Foxconn factory

But Trump's celebration comes amid less-rosy economic news, with Harley-Davidson's announcement it's moving some motorcycle production overseas to avoid European Union tariffs that are a product of Trump's escalating trade dispute with long-standing US allies.

Al Jazeera's John Hendren reports.

Trump's comments came at a groundbreaking for a massive $10 billion factory complex being built in Harley's home state by the Taiwanese company Foxconn. What this is going to do, and I don't even know that anyone's critical of it. "But they're spending $350 billion on plants, building an incredible new campus", the president said. "The innovation center at Green Bay will play a key role in our goal to create a vibrant AI 8K+5G ecosystem in the USA, with Wisconsin at the heart of this vision", said Terry Gou, Foxconn Founder and CEO during a press conference Friday morning. "Don't get cute. They don't realize the tax is coming way down", Trump said on stage.

Harley-Davidson's announcement Monday that it was moving production of motorcycles sold in Europe from US factories to facilities overseas because of retaliatory tariffs prompted intense criticism from President Donald Trump.

More news: England can use knowledge of teammates to advantage, says Eric Dier

Foxconn officials have set two open houses for Friday and Saturday - which they said will offer "an opportunity to see first-hand the advanced technologies that will be developed at its new Wisconn Valley Science and Technology Park in Mount Pleasant".

President Donald Trump is attending a pair of fundraising events in Milwaukee benefiting a joint effort between the Republican Party and his re-election campaign.

President Donald Trump may have some mixed feelings about Wisconsin. "I spent a lot of time with them".

The Foxconn project could employ up to 13,000 people, but opponents say it is costing Wisconsin taxpayers too much.


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