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

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 32,471,119 — Total deaths: 987,593 — Total recoveries: 22,374,557Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 7,032,524 — Total deaths: 203,657 — Total recoveries: 2,727,335 — Total tests: 99,483,712Map.
  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
  5. Business: Coronavirus has made airports happier places The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.
Mike Allen, author of AM
9 hours ago - Politics & Policy

Biden pushes unity message in new TV wave

A fresh Joe Biden ad, "New Start," signals an effort by his campaign to make unity a central theme, underscoring a new passage in his stump speech that says he won't be a president just for Democrats but for all Americans.

What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin:

Trump prepares to announce Amy Coney Barrett as Supreme Court replacement

Judge Amy Coney Barrett. Photo: Matt Cashore/Notre Dame University via Reuters

President Trump is preparing to nominate federal appeals court Judge Amy Coney Barrett of Indiana, a favorite of both the social conservative base and Republican elected officials, to succeed Justice Ruth Bader Ginsburg, Republican sources tell Axios.

Why it matters: Barrett would push the already conservative court further and harder to the right, for decades to come, on the most important issues in American politics — from abortion to the limits of presidential power. If confirmed, she would give conservatives a 6-3 majority on the high court.

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