I read something that tallied up all the money Foxconn has currently promised to spend on building plants versus how much they’ve spent over their entire history, and the first number was so much bigger than the second that it really revealed what an obvious con it was. Then you have Trump revealing the information supposedly in confidence that they’re “thinking” about spending several times what the agreement was for, which is more still than either of the other two numbers.
Reading details of the agreement, it sure doesn’t look that way. The deal specifies that Foxconn will spend “up to” a certain amount in building the plant and employ “up to” a certain number of workers. I didn’t see anything about minimum guarantees. That’s a recipe for being taken advantage of.
I’m sure the question will be handily resolved by not building it anywhere.
