Foxconn’s Wisconsin Deal

Trump’s negotiating prowess on display once again.

Foxconn’s incentives are more than 10 times greater than typical government aid packages of its stripe.

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Foxconn has a history of overpromising and underdelivering on major deals. In Brazil in 2011 and India in 2015, it pledged to invest billions of dollars and create tens of thousands of jobs after Gou courted each country’s leaders, but each project fell far short. In 2013, Foxconn said it would invest $30 million and employ as many as 500 people at a Pennsylvania factory that also never fully materialized. Multiple former executives say Gou makes big promises to secure favorable terms and is unsentimental about reneging on or abandoning them as costs dictate.

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Wisconsin officials apparently didn’t consider Gou’s track record problematic. “My impression of him was, what a nice person,” says Scott Neitzel, who led negotiations for the Walker administration…

Inside Wisconsin’s Disastrous $4.5 Billion Deal With Foxconn – Bloomberg

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