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>> Sit down.>> President Donald Trump went to office on a promise to stop the auctioning of American work but he is taking advice from companies that are currently shipping US jobs overseas. I'm Andy Sullivan in in Washington where Trump is due to meet with manufacturing executives on Thursday in the White House to talk jobs.
How to create them, how to keep them, how to spur re-revival of products made in the USA. But I've found that at least six companies on Trump's manufacturing task force are currently shipping jobs overseas. They're laying off about 2,400 American workings and shifting production to other countries. Many of those workers who stand to lose their jobs tell me that they're counting on Trump to convince their employers to change their ways.
According to our Reuters review, companies on Trump's task force that are laying off workers include Caterpillar, UNited Technologies, DANA Corporation, and 3M, they are offshoring work to Mexico, China, India and other countries. General Electric moving an engine factory from Wisconsin to Canada, Because Congress has hobbled the export import bank, which means they can't get government financing for some of their largest deals.
But on the campaign trail and in the White House, Trump has portrayed global trade as a zero sum gain that enriches low wage countries like China and sucks wealth out of the United States.>> Rusted-out factories scattered like tombstones across the landscape of our nation.>> It's true that US manufacturers have shed millions of jobs over the past few decades.
In part because of offshoring, they shifted textiles, electronics and other low-skilled assembly work to countries like China and Vietnam. That work isn't likely to come back but the sector has added nearly 1 million jobs since 2010 as the country has emerged from recession but idle workers don't care about that, they just want Trump to save their jobs.
Trump won the Whitehouse in part thanks to strong support from blue collar workers in the MidWest who share his scepticism of global trade. Those who stand to lose their jobs, tell me they're not holding him responsible at this point but they do want him to do all he can to convince their employers to change their ways.
Lots of people will be watching carefully, to see if Trump follows through on his campaign promises.>> Our moral