The “Investing in America” event aimed to boost investment in the country across defence, tech, healthcare and infrastructure.
By CNBCTV18.com
US President Donald Trump on Wednesday hosted an “Investing in America” event with senior executives from major US companies.
The event aimed to boost investment in the country across defense, tech, healthcare and infrastructure.
Business leaders from across the globe discussed over $2 trillion in proposed US business developments during the 40-minute event. Opening the event, Trump said, “We’re celebrating the most successful first 100 days of an administration in American history.”
The meeting came at a key time. Many US businesses remain cautious, awaiting clarity on trade policies, according to reports, adding some major firms are moving forward with plans to expand US manufacturing and research operations.
Companies such as Nvidia, GE Aerospace and Eli Lilly are expected to announce significant investments. Despite uncertainty over trade policies and tariffs, Trump seeks to encourage domestic and foreign companies to expand US manufacturing in industries like aerospace, automotive and retail.
According to a report in Fox Business, the President said that over $8 trillion had been pledged in investments since the election, highlighting it as one of the strongest private sector responses in the US history.
He commended companies for bringing jobs and manufacturing back to the country, emphasising themes such as “Made in the USA,” lower taxes, tariffs, energy expansion and artificial intelligence innovation. “This is just the beginning. We are rebuilding America from the ground up,” Trump added.
He contrasted his administration’s investment numbers with the previous Biden administration, stating, “We’ll be above $8 [trillion] in a period of two months”, far exceeding the less than $1 trillion in investments during Biden’s four-year term.
He further said that during the Biden administration, the United States saw its worst trade deficit in history due to a lack of border enforcement, high taxes, high inflation, crippling regulations, and a “war on energy.”
As a part of the $500 billion investment, President Trump and NVIDIA CEO Jensen Huang also announced plans to manufacture AI superchips in the country.
In an emailed statement Monday evening, White House press secretary Karoline Leavitt said, “President Trump has secured more investments in the United States of America in 100 days than Joe Biden did in four years.”
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