US woos industrial capital

Under the "America First" policy of US President Donald Trump, the flow of capital to real industry in the United States seems to be a long-term trend.

The sudden switch from the former president's embracing of free trade, regional at least, to the incumbent's protectionist practice will definitely influence the investment decisions of many enterprises. The US remains the most important market, given its size and consumption level, and few multinational corporations can afford to ignore the country.

Masayoshi Son, founder and president of Softbank Group, a multinational telecommunications and internet corporation headquartered in Tokyo, Japan, and Terry Guo, founder and chairman of Foxconn Technology Group, a multinational electronics contract manufacturing company headquartered in New Taipei City of Taiwan, China, said recently the two corporations will jointly invest a total of $57 billion in the US. Guo said the new investment will probably create 30,000 to 50,000 jobs.