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THE FORUM DAILY
The president said Sunday that international companies are welcome to operate in the United States if they comply with the country's immigration laws, reports Seb Starcevic of Politico.
In a post on social media, Trump also said that he expects foreign corporations to “hire and train American [w]orkers.”
The comments come after Thursday’s raid at a Hyundai facility in Georgia, where hundreds of South Korean workers on visa waivers were arrested. The economic fallout includes doubts about billions in planned investments, report Hyonhee Shin, Youkyung Lee and Yoolim Lee of Bloomberg.
The raid also has caused diplomatic tension between the U.S. and a key ally, reports Rebecca Schneid of Time.
South Korea’s Foreign Minister, Cho Hyun, is flying to Washington, D.C., today to discuss preventing similar future incidents, per Joyce Lee and Hyunjoo Jin of Reuters. Cho said he would ask for improvements in the U.S. visa system for Korean workers.
The raid also underscores growing tensions between immigration policies and the sought-after rapid expansion of U.S. manufacturing, as a team at The New York Times explains. And the administration plans to target more businesses, Ted Hesson of Reuters reports.
In Forbes, Stuart Anderson analyzes how the recent decline in the foreign-born labor force has a negative impact on job growth.
"[T]he U.S. labor market is more complex than the cartoon economy in the minds of some politicians, who think that business owners faced with a loss of immigrant workers will simply hire native [U.S.-born] workers to replace them,” said George Mason University economics professor Michael Clemens. “Business owners hit by sudden reductions to labor supply invest less in new business formation.”
Welcome to Monday’s edition of The Forum Daily. I’m Dan Gordon, the Forum’s VP of strategic communications, and the great Forum Daily team also includes Jillian Clark, Nicci Mattey and Clara Villatoro. If you have a story to share from your own community, please send it to me at [email protected].
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