Does trade create or destroy jobs? The debate continues to rage, but opponents of increased trade are finding strange bedfellows in GOP presidential candidate Donald Trump and the American auto unions.
Both are furious over Ford Motor Company’s ill-timed announcement of a shiny new plant south of the border.
The Detroit Free Press reports…
Ford sparked outrage from the UAW and Republican front-runner Donald Trump on Tuesday, uniting two unlikely foes, after the automaker said it would invest $1.6 billion to build a new plant in Mexico and create 2,800 jobs.
Said Trump, “These ridiculous, job-crushing transactions will not happen when I am president. NAFTA has incentivized plants to move to Mexico, closing factories across the United States. When I am president, we will strongly enforce trade rules against unfair foreign subsidies, and impose countervailing duties to prevent egregious instances of outsourcing.”
Source: Detroit Free Press