The Presidential Daily Brief

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  1. textile factory mexico

    UTC Defends Decision to Move Jobs Abroad

    It’s a trade-off. United Technologies is exporting one of its air conditioning plants (and 1400 jobs) from the Midwest to Mexico. CEO Greg Hayes defended the move to investors, despite criticism from GOP front-runner Donald Trump, who says such closures won’t happen during his hypothetical presidency. Hayes said Mexico is more convenient and cheaper, and that even more UTC factories could move in the coming months — as long as the U.S. doesn’t erect new trade barriers for goods manufactured abroad when the next president takes office.

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