Associated Press

Foxconn Chairman Terry Gou said that his company is considering spending $7 billion to construct a television-display panel plant in the United States that would support between 50,000 and 60,000 jobs.

What critics say: Anyone can "consider" investing in the United States—firms are just jumping at the chance to grab good headlines and ingratiate themselves to President Trump. The most important consideration in this decision isn't politics, but the expense of shipping large tv screens from China to the U.S. consumer.

What fans say: Foreign investment in U.S. manufacturing is about more than just economic fundamentals. President Trump's political pressure will continue to boost such investment, as will tax and trade policies the new administration will implement. Companies like Foxconn are merely anticipating these changes.

What we say: Firms can crow all they want about planned investment, but Trump's success or failure at bringing back jobs will be seen in broad economic data like wage and employment growth, and back-of-the-envelope math says that $7 billion in new investment usually supports far fewer than 50,000 jobs.

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Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 11,520,461 — Total deaths: 535,499 — Total recoveries — 6,231,052Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 2,911,888 — Total deaths: 130,101 — Total recoveries: 906,763 — Total tested: 35,515,075Map.
  3. Public health: Case growth outpacing testing in hotspots.
  4. States: West Virginia becomes latest state to mandate facial coverings in public.
  5. Politics: Cuomo accuses Trump of "enabling" the coronavirus surge — Sen. Chuck Grassley opts out of attending GOP convention over coronavirus concerns.

Trump ramps up culture war attacks

Photo: Tasos Katopodis/Getty Images

President Trump's attacks are spreading to sports that are cornerstones of rural, conservative white American life.

Why it matters: The culture war that engulfed the NBA and NFL is reaching other major leagues, with teams that stonewalled activists for years suddenly showing a willingness to listen.

Foreign students could be forced to leave U.S. if colleges move online

Harvard University campus in April 2020. Photo: Maddie Meyer/Getty Images

Foreign college students could be forced to leave the U.S. or transfer schools if their universities move classes entirely online this fall, according to guidance released by Immigration and Customs Enforcement (ICE) on Monday.

Why it matters: Several U.S. colleges and universities — most recently Harvard — have announced plans to move most or all courses online this fall due to coronavirus concerns. Many institutions rely heavily on tuition from international students.