One of former President Donald Trump’s most hyped jobs initiatives has turned out to be a spectacular bust.
CNBC reports that Taiwan-based manufacturing firm Foxconn has “mostly abandoned” its plans to build a plant in Wisconsin that the former president said would create more than 13,000 new jobs.
“Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000,” reports CNBC. Continue reading.