In 2018, President Trump struck a deal with Foxconn to turn Wisconsin into a manufacturing powerhouse. Nilay Patel, Verge editor-in-chief, joins ‘Squawk Alley’ to discuss the Verge’s investigation into how the factory and all those manufacturing jobs never happened. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
A Wisconsin factory hailed by President Donald Trump as proof he was reviving U.S. manufacturing did not create enough jobs in 2019 to earn its owner Foxconn Technology Group tax credits, the state said on Monday, the second year it has missed its targets.
In a letter to the Taiwan-based company’s Vice Chairman Jay Lee, Wisconsin’s economic development agency said Foxconn was a long way away from building the large TV screens it had proposed in 2017, when it promised to eventually create 13,000 jobs in the state.
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