Hyundai already announced a two to three month delay on this plant after this whole thing. They aren’t walking away, but this isn’t an event they are forgetting.
It won’t matter what President comes after this one, this whole thing is going to influence investment from South Korea for some time.
If you were a foreign company considering investing a substantial amount of money to build a plant in the U.S., and then the unstable authoritarian dictator of that country pulls a stunt like this, you’re going to reconsider putting any more capital at risk.
I’ve seen this plant, and it’s massive. I don’t know how close to completion they are, but billions have been spent. If they pull out they are going to take a hell of a loss. Hopefully that means they’ll work to weaken Trump and the GOP in order to help their bottom line.
The actuarial calculation must be the billions more that will potentially be lost when exposing themselves to further harassment and extortion from Trump and his cronies versus the definite billions lost if they were to cancel everything now.
Hyundai already announced a two to three month delay on this plant after this whole thing. They aren’t walking away, but this isn’t an event they are forgetting.
It won’t matter what President comes after this one, this whole thing is going to influence investment from South Korea for some time.
If you were a foreign company considering investing a substantial amount of money to build a plant in the U.S., and then the unstable authoritarian dictator of that country pulls a stunt like this, you’re going to reconsider putting any more capital at risk.
I’ve seen this plant, and it’s massive. I don’t know how close to completion they are, but billions have been spent. If they pull out they are going to take a hell of a loss. Hopefully that means they’ll work to weaken Trump and the GOP in order to help their bottom line.
Sunk cost fallacy.
Indeed.
The actuarial calculation must be the billions more that will potentially be lost when exposing themselves to further harassment and extortion from Trump and his cronies versus the definite billions lost if they were to cancel everything now.
I wish more people understood this
That might mean they don’t send as many of their workers and it takes longer to finish.
Its not just them too. They might be in too deep at this point, but other companies aren’t. One look and they’ll do business elsewhere.