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>> Foxconn, the company that churns out most of Apple's iPhones, is considering a new $7 billion investment in the US to build TV screens. The plan comes after US President Donald Trump pledged to put America first in his Inauguration speech Friday, prompting fears of a rise in protectionism.
Last month Trump touted that Japan's SoftBank, along with Foxconn, had promised to invest $50 billion in the US over the next four years, and create 50,000 new jobs. Saying the deal would never have happened under Hillary Clinton. Since his victory, Trump has also targeted automakers for investing in Mexico, including Ford which cancelled plans to build a new plant there.
Fiat Chrysler this month announcing a billion dollar investment in US factories, promising 2000 new jobs.