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Paul Sancya / AP

GM announced they will invest $1 billion in U.S. factories, creating about 1,500 jobs. This comes just a couple weeks after Trump tweeted at GM threatening a "big border tax" if they move jobs out of the country. But GM said it was coming either way.

As the U.S. manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners. The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.— GM Chairman and CEO Mary Barra

Sound familiar? Fiat Chrysler announced their own $1 billion investment in U.S. plants, and Ford invested in Michigan instead of Mexico after Trump tweets.

Trump's strategy: Trump told the WSJ there won't actually be a tax on companies because "they're not going to leave." When asked if he is micromanaging these manufacturers, he said, "I'm setting a tone for hundreds of companies."

Warning: Slapping a border tariff on companies that outsource could discourage them from new hiring in the U.S., and if they do keep their jobs in the U.S., automation would be more likely to cause unemployment than globalization.

Go deeper

USAID chief tests positive for coronavirus

An Air Force cargo jet delivers USAID supplies to Russia earlier this year. Photo: Mikhail Metzel/TASS via Getty Images

The acting administrator of the United States Agency for International Development informed senior staff Wednesday he has tested positive for coronavirus, two sources familiar with the call tell Axios.

Why it matters: John Barsa, who staffers say rarely wears a mask in their office, is the latest in a series of senior administration officials to contract the virus. His positive diagnosis comes amid broader turmoil at the agency following the election.

Bryan Walsh, author of Future
4 hours ago - Health

COVID-19 shows a bright future for vaccines

Illustration: Annelise Capossela/Axios

Promising results from COVID-19 vaccine trials offer hope not just that the pandemic could be ended sooner than expected, but that medicine itself may have a powerful new weapon.

Why it matters: Vaccines are, in the words of one expert, "the single most life-saving innovation ever," but progress had slowed in recent years. New gene-based technology that sped the arrival of the COVID vaccine will boost the overall field, and could even extend to mass killers like cancer.

6 hours ago - Health

Beware a Thanksgiving mirage

Illustration: Sarah Grillo/Axios

Don't be surprised if COVID metrics plunge over the next few days, only to spike next week.

Why it matters: The COVID Tracking Project warns of a "double-weekend pattern" on Thanksgiving — where the usual weekend backlog of data is tacked on to a holiday.