Trump joins Taiwan's tycoon Terry Gou at Wisconsin Foxconn plant ceremony

Trump joins Taiwan's tycoon Terry Gou at Wisconsin Foxconn plant ceremony

Trump joins Taiwan's tycoon Terry Gou at Wisconsin Foxconn plant ceremony

On Thursday, Foxconn's $10 billion investment broke ground in answer to Trump's call to bring manufacturing back to the U.S. But just days ago, the Milwaukee-based motorcycle maker Harley-Davidson (HOG) announced its plans to move the production of motorcycles bound for Europe out of the a result of new Trump-imposed tariffs.

"Harley-Davidson, please build those attractive motorcycles in the U.S. Build them in the USA".

Wisconsin Gov. Scott Walker, House Speaker Paul Ryan, R-Wis., and Republican National Committee Chairwoman Ronna McDaniel attended the separate round-table and breakfast events. "The innovation center at Green Bay will play a key role in our goal to create a vibrant AI 8K+5G ecosystem in the US, with Wisconsin at the heart of this vision", said Terry Gou, Foxconn Founder and CEO during a press conference Friday morning. "I think you know that very well", he said at the White House in February.

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But Walker and backers say the project will be transformational for the state's economy.

Foxconn is promising to hire 13,000 workers for the plant in the coming years.

Walker said "this will make us a brain gain state, not a brain drain state".

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President Trump praised the groundbreaking, saying Thursday that what used to be a field in Mount Pleasant will become one of the largest developments ever built in the world at 20 million square feet (1.9 million square meters).

Chants of "Hey, hey, Ho, ho". Gou specifically chose the state of Wisconsin after being pressured to do so by Trump and Ryan, whose district stands to benefit from the plant.

"It's the largest taxpayer subsidy of a foreign corporation in USA history by a state, and I think a lot of people in Wisconsin are skeptical about this kind of economic development in general", says Gordon Hintz, Democratic leader of the state assembly.

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While Foxconn has vowed to invest up to US$10 billion in the LCD plant, the company is reportedly expected to receive a package of tax breaks and other incentives of up to US$4 billion to build the plant.

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