Trump says $9 trillion of investments being injected into U.S. economy, manufacturing, supply chain
Last week, the White House released a list of U.S.-based investments announced in Trump's second term. The press release from the White House credited "The Trump Effect."
President Donald Trump touted record investments of close to $9 trillion coming into the U.S.
"I think we probably have close to $9 trillion of investments coming into this country," Trump said during an NBC interview that aired earlier this month. "If you look at other presidents, there's never been anything like that."
Last week, the White House released a list of U.S.- based investments in Trump's second term.
The investments listed total 66, and include well-known global brands:
- Apple announced a $500 billion investment in U.S. training and manufacturing;
- Softbank, OpenAI and Oracle are investing $500 billion into U.S.-based artificial intelligence infrastructure in an effort called Project Stargate;
- A $55 billion investment from Johnson & Johnson in research, development and manufacturing for the next four years;
- A $21 billion investment from Hyundai;
- Greek yogurt giant Chobani announced a $1.7 billion investment to expand operations in the U.S.;
- LEGO will invest $366 million to build a distribution center in Virginia;
- Chipmaking giant NVIDIA announced a $500 billion investment in the U.S. for AI infrastructure;
- Canadian recycling company Cyclic Materials is investing $20 million to start a U.S.-based facility in Arizona;
- LMG Pharma is investing $6 million to expand its manufacturing facility in Texas; and
- Toyota Motor Corporation to invest $88 million to increase hybrid vehicle production at a factory in West Virginia
The White House press release made a point of noting that the list does not include U.S. investments from foreign governments or their sovereign wealth funds. To that end, the United Arab Emirates plans to invest $1.4 trillion in the U.S. over the next ten years, Japan will invest $1 trillion in the U.S., and Qatar will invest $1.2 trillion in the U.S.