Trump vows massive new tariffs if elected, risking global economic war
The former president has floated a 10 percent tax on all foreign imports, calling for a “ring around the collar” of the U.S. economy. Economists of both parties say the proposal is extremely dangerous.
By Jeff Stein ●
http://www.washingtonpost.com/business/2023/08/22/trump-trade-tariffs/
Trump promised this Wisconsin town a manufacturing boom. It never arrived.
By Jeanne Whalen ●
MOUNT PLEASANT, Wis. — A 30-minute drive from the site of this week’s Republican debate in Milwaukee stands a mysterious glass globe that has come to symbolize the failure of one of Republican front-runner and former president Donald Trump’s big promises.
The 100-foot-tall sphere is one of few buildings on a largely empty plot of land bigger than three Central Parks. The globe’s owner, Taiwanese manufacturer Foxconn, calls it a high-performance computing data center. But local residents say they’ve seen few signs of life at the building. Last year, a local catering company announced that outside groups could rent the space for events.
The orb and the three partially used buildings nearby are nothing like the giant manufacturing campus with 13,000 high-tech jobs that Trump and Foxconn promised five years ago, when Trump — wielding a golden shovel for the groundbreaking — called the project the “Eighth Wonder of the World.” Instead, the orb is the butt of local jokes.
“It just looks to me like sort of a low-rent Epcot Center. … What almost turns it into comedy is that they were renting it out for banquets,” said Kelly Gallaher, head of a local government watchdog group.
It might be funny, she added — except that local and state governments spent roughly $500 million to buy land, bulldoze houses and build infrastructure for an unfulfilled manufacturing megasite that was supposed to include dozens of futuristic buildings and a factory to produce flat-panel displays for televisions.
more:
http://www.washingtonpost.com/business/2023/08/22/foxconn-wisconsin-trump/?
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