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

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15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
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In photos: America celebrates July 4 during global pandemic

Photo: Francine Orr/Los Angeles Times/Getty Images

The U.S. has already celebrated Easter, graduations and so much more during the coronavirus pandemic, and now it can add July 4 to the list.

The state of play: Axios' Stef Kight writes public parades and fireworks displays around much of the country are being canceled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.