A bevy of major corporations and foreign countries have pledged to pour billions into the U.S. since President Donald Trump took office on Jan. 20.
Since Trump returned to the Oval Office, some foreign countries, alongside Apple, Eli Lilly, and the Taiwan Semiconductor Manufacturing Company (TSMC), have already announced plans for hefty investments in the U.S., totaling well over $1 trillion in expected investments. Many of the recent investments have come amid the Trump administration’s ongoing efforts to overhaul U.S. trade policy, such as by announcing sweeping new tariffs on imported goods from China, Mexico and Canada on Feb. 1.
The forecasted cash infusion runs counter to several corporate media outlets claiming in recent weeks that Trump’s economic agenda will harm the American economy and deter businesses from investing in the U.S.
Trump announced on Monday that TSMC, one of the biggest semiconductor companies in the world, will make a $100 billion investment in U.S. chip manufacturing. China has made attempts to corner the global semiconductor market in recent years, and has a long-standing pledge to achieve “reunification” with Taiwan.
Just days after Apple CEO Tim Cook met with Trump, the company announced on Feb. 26 that it will invest a whopping $500 billion into the U.S. over the next four years, and also plans to open up a new artificial intelligence server factory in Texas. Cook wrote in the investment announcement that Apple is “bullish on the future of American innovation” and “proud to build on our long-standing U.S. investments.”
Relatedly, major drugmaker Eli Lilly announced plans on Feb. 26 to more than double its investment in U.S. manufacturing in 2025 to $50 billion.
Trump said on Feb. 7 that Japan-based Nippon Steel would drop its nearly $15 billion bid to purchase U.S. Steel and would instead “invest heavily” in American steel. During a news conference with Trump the same day, Japanese Prime Minister Shigeru Ishiba pledged to boost Japan’s investment in the U.S. by roughly $1 trillion and also increase its imports of liquified natural gas produced in the U.S.
Executives from U.S. Steel and Nippon Steel have been seeking meetings with Trump administration officials in recent weeks in an attempt to salvage the merger, Semafor reported.
Just one day after taking office, Trump announced the Stargate Project, a new joint venture between OpenAI, Oracle, SoftBank and MGX that he said would make investments worth up to $500 billion as part of a major artificial intelligence infrastructure project in the U.S.
Notably, some foreign countries have also been vowing to invest in the U.S. amid Trump’s tariff threats, including Taiwan and Saudi Arabia. The crown prince of Saudi Arabia said on Jan. 23 that he wants to invest $600 billion into the U.S. over the next four years.
Meanwhile, Emirati billionaire Hussain Sajwani on Jan. 13 vowed to shell out $20 billion in investments for the U.S. data center industry over the next few years.
The president introduced 10% tariffs on all imports from China alongside 25% tariffs on imported goods from Canada and Mexico on Feb. 1 in an attempt to mitigate the passage of illegal immigration and illicit drugs such as fentanyl coming into the U.S. from the countries. Trump temporarily paused the tariffs against Canada and Mexico after the Mexican government agreed to deploy thousands of troops to the U.S.-Mexico border to help stop the flow of deadly drugs and illegal immigrants coming into the U.S., and Canadian Prime Minister Justin Trudeau agreed to strengthen security at the U.S-Canada border.
Trump wrote in a Thursday post on Truth Social announced that he plans to enact the 25% tariffs on imported goods from Canada and Mexico beginning on March 4, as well as doubling the 10% tariffs on imports from China due to the “very high and unacceptable levels” of illegal drugs still “pouring” into the U.S. from the foreign countries.
While on the campaign trail, Trump pledged to boost domestic manufacturing in the U.S. as part of his “America First” agenda. Following Trump’s presidential election victory, there have been a growing number of reports that businesses are considering moving production to the U.S. from foreign countries in an attempt to avoid the Trump administration’s tariffs, including Honda, which reportedly decided to shift the production of its popular Civic vehicle model to America from Mexico.
“The most powerful AI chips in the world will be made right here in America,” Trump said Monday during the TSMC investment announcement.
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