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00:00:00
>> What we wanna do is bring manufacturing back to our country.>> Well, it turns out manufacturing jobs have already been on the rise since the start of this decade, largely thanks to foreign companies often cast as villains in Trump's narrative.>> We have rebuilt China with our money, with our jobs.
00:00:17
>> A Reuters analysis of federal jobs data shows that out of 650,000 new manufacturing jobs created between 2010 and 2014, two-thrids can be attributed to foreign direct investment. But the foreign companies that have poured hundreds of billions of dollars into the US, now worry that Trump's policies could hurt their investments.
00:00:35
Reuters' Howard Schneider.>> Here is the concern if you talk to economic development officials. The Trump administration per se has not spoken ill of foreign investment. But here's the thing, one of the reasons that companies look at the US as a good investment place is because of things like NAFTA.
00:00:54
Because you can build an auto motor assembly factory in Alabama and know that they can get those engines out to Canada or Mexico. So the concerns are really threefold. One that, immigration rules might impinge on hiring, that if the trade lines and supply chains that have developed under NAFTA get disrupted, that could be a problem.
00:01:14
And thirdly, that if the US does as it suggested it might do under Trump, start being more strict on these foreign investment reviews for national security reasons, the so-called CFIUS process, that also could sort of send a chill through the system.>> The United States is currently home to more foreign direct investment than any country in the world.
00:01:33
FDI supports more than 12 million US jobs, directly and indirectly. One of the largest single investors has been the German car maker, BMW, who's sprawling 1.2 million square foot assembly plant in SpartanBurg, South Carolina, is the largest single exporter of cars from the United States. BMW's CEO, this week, announced the new $600 million investment that will create another 1,000 jobs to the existing workforce of 9,000 over the next four years.
00:02:00
In May, Trump called Germany quote, very bad, for selling too many of their cars in the US.