On Wednesday, April 30, President Donald Trump invited several CEOs and industry leaders to the Cross Hall at the White House for an “Invest in America” event, celebrating the tens of billions of dollars in business and manufacturing investments in the United States.
President Trump emphasized his economic agenda aimed at making it easier to do business in America, creating job opportunities, employing American workers, and encouraging companies to establish their factories in the US rather than in China or any other country.
Displaying cutting-edge technology equipment, including a model of an Anduril drone, President Trump underscored the government’s efforts to rebuild American industry.
More than ten business leaders in attendance highlighted their collective commitments to invest over $2 trillion in the United States, a move described by the Trump administration as “historically significant,” urging further initiatives to promote American domestic manufacturing.
President Trump pointed out that his trade policies, including imposing a 10% tariff on countries globally and a 145% reciprocal tariff on Chinese goods, are stimulating the development of the manufacturing sector in the United States.
He mentioned plans for tariff barriers in the pharmaceutical industry, stating, “If you build here, you won’t face tariffs.”
Despite critics of the US tariff policies warning of potential inflation or disruptions in the supply chain, business executives who spoke at the event showed support for President Trump’s economic agenda.
Larry Culp, chairman and CEO of GE Aerospace, stated that the proposed reciprocal tariffs “will help ensure that the US aerospace industry continues to lead the world in innovation.” The aerospace sector is one of the largest net export industries in the US.
President Trump announced that within the first 100 days of his second term, the US industry has received commitments of approximately $8 trillion in investments.
This figure includes Apple’s $500 billion investment for manufacturing and talent training, NVIDIA’s $500 billion investment in constructing artificial intelligence infrastructure, as well as a combined $500 billion investment commitment from companies like OpenAI, Oracle, and SoftBank.
Masayoshi Son, chairman and CEO of SoftBank, said, “I initially intended to invest $100 billion, but President Trump said, ‘Oh, Masa, invest more.’ So we did just that.”
Government officials noted that other companies are also relocating their operations back to the US.
White House Press Secretary Karoline Leavitt stated at a briefing on Tuesday, April 29, “Under this President’s leadership, investments from the world’s largest companies and countries are pouring into the US.”
“The business community is confident in America’s future because President Trump is back in the White House,” she said, indicating that this influx of capital is expected to create over 451,000 high-paying jobs.
President Trump emphasized his support for advancing high-tech manufacturing initiatives, viewing domestic production of semiconductors and computer chips as a national security issue.
Jensen Huang, CEO of NVIDIA, said that government support will drive rapid expansion of the artificial intelligence industry in the US, benefiting numerous businesses.
He remarked, “The industry will drive a whole host of other industries. The investment we now call ‘artificial intelligence infrastructure’ will fundamentally change every industry as we know it.”