THE TRUMP EFFECT : China Tycoon Moves Jobs to US, Citing High Taxes at Home
Well well well…. it turns out that Trump’s theory is right along. When you create the correct incentives for businesspeople to come to the USA to run their businesses, they come. When you stupidly run an anti-business administration like Obama did, they FLEE.
From AFP
Shanghai (AFP) – A Chinese auto glass tycoon has caused a stir by shifting part of his empire to the United States and setting up a factory in Ohio, citing high taxes and soaring labour costs at home.
Cao Dewang’s $600-million investment comes after Donald Trump threatened to declare Beijing a currency manipulator and slap 45 percent punitive tariffs on Chinese imports to protect American jobs.
The 70-year-old tycoon’s decision to open a glass factory in the eastern American state of Ohio in October — a rare case of jobs being exported from China to the US — triggered an outpouring of criticism on social media.
The phrase “Cao Dewang has escaped” became a hot topic, generating nearly 10 million views on the Twitter-like Weibo microblog and many comments urging China to “not let Cao Dewang run away”.
Cao’s Fuyao Glass Industry Group — a supplier to big names including Volkswagen and General Motors — claims to be the biggest exporter of auto glass in the world, reporting 2.6 billion yuan ($370 million) profits last year.
The “Trump effect”is already changing the American economy for the better, and President Elect Trump has not even taken office yet!
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Run a country or a home budget or a public venue with a business mind and it works. Run it to the ground with evil, greed, all-for-me attitude, and it’s a demise. The last eight years were the WORST, previously criminal (selected) presidents since JFK and here we are today. Now comes Trump! Gotcha! Woohoooo. Swamp Draining time! And Trump has global prayers rooting for his success. He (along with the people) will dig you up and turn you in. No more scared and hiding ones opinion and evidence for fear of being ‘suicided.’
What happens when the UAW wants the factory to be union
Thank u for coming to America, we are greatful
This is a GREAT example of successful strategy in business. We need to start citing these examples to OUR CHILDREN so when they consider their future VOTES it is NOT based on POPULARITY but a SUCCESSFUL RESUME!
And the far left idiots on social media claim president elect trump will never make it through his presidency because they can see he doesn’t care about being president or Americans??……I think it’s awesome,thanks for bringing more jobs here.
This company coming to the US has NOTHING to do with Trump. Fuyao bought the old Delphi plant in Moraine Ohio in 2012 and began production about 2 years ago. The QC manager where I work, my former boss, was hired by them in 2015.