Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

David Goldman / AP

The WSJ takes a deeper look at U.S. companies ignoring pressure from Trump to keep their plants in the U.S. Trump wants to keep factories in the U.S. to prevent jobs from leaving the country — and he's warned he will implement new policy to make the moves less attractive. But:

  • Milwaukee-based Rexnord Corp. is planning to close its industrial-bearings factory, which employs about 350 people, and expects to save $30 million annually.
  • Illinois-based Caterpillar, which manufactures heavy equipment, will be moving jobs to Monterrey, Mexico. "We're just going to have to wait and see how this plays," said CFO brad Halverson.
  • Charlotte, NC-based Nucor is moving forward with Japan's JFE Steel to build a new plant for car makers. Nucor CEO John Ferriola said these plans could change if Trump creates policies that penalize companies for moving.
  • Sellersburg, IN-based Mantiowoc Foodservice laid off 80 employees after the election and is continuing plans to move.
  • Elkhart IN-based CTS Corp plans to shift production to China, Mexico and Taiwan.
  • Detroit-based Ford has ditched plans to build a new Mexican facility, but is still moving production of its Focus small car from Michigan to its existing factory in Mexico.
  • Detroit-based General Motors is moving despite criticism from Trump, but has also committed to adding more U.S. jobs.

Why this matters: The economic benefits of investing abroad has continued to undermine Trump's plans, even if he uses the carrot of tax cuts and deregulations and the stick of potential tarriffs.

Go deeper

Biden signs racial equity executive orders

Joe Biden prays at Grace Lutheran Church in Kenosha, Wisconsin, on September 3, 2020, in the aftermath of the police shooting of Jacob Blake. PHOTO: Jim Watson/AFP via Getty Images

President Joe Biden on Tuesday signed executive orders on housing and ending the Justice Department's use of private prisons as part of what the White House is calling his “racial equity agenda.”

The big picture: Biden needs the support of Congress to push through police reform or new voting rights legislation. The executive orders serve as his down payment to immediately address systemic racism while he focuses on the pandemic.

Senate confirms Antony Blinken as secretary of state

Antony Blinken. Photo: Alex Edelman/Pool/AFP via Getty Images

The Senate voted 78-22 on Tuesday to confirm Antony Blinken as secretary of state.

Why it matters: Blinken, a longtime adviser to President Biden, will lead the administration's diplomatic efforts to re-engage with the world after four years of former President Trump's "America first" policy.

2 hours ago - World

Former Google CEO and others call for U.S.-China tech "bifurcation"

Illustration: Aïda Amer/Axios

A new set of proposals by a group of influential D.C. insiders and tech industry practitioners calling for a degree of "bifurcation" in the U.S. and Chinese tech sectors is circulating in the Biden administration. Axios has obtained a copy.

Why it matters: The idea of "decoupling" certain sectors of the U.S. and Chinese economies felt radical three years ago, when Trump's trade war brought the term into common parlance. But now the strategy has growing bipartisan and even industry support.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!