President-elect Trump on Monday announced plans for Japan's SoftBank Group to invest $100 billion in the United States over the next four years, touting it as a sign of global confidence in the United States after his election victory.
Mr. Trump was accompanied at his Mar-a-Lago residence by SoftBank CEO Masayoshi Son, who said the company's investments will focus on artificial intelligence and other emerging technologies and create 100,000 jobs in the United States. .
“The president is taking this action because he feels very optimistic about our country since the election,” Trump said, calling it “a monumental display of confidence in America's future.” I called it.
Mr. Justice said his confidence in the U.S. economy had “increased tremendously” following Mr. Trump's victory last month.
Trump pressured SoftBank leaders on the spot to double the investment to $200 billion. Masayoshi laughed and said, “I'll try to make it happen.''
The announcement is a victory for Trump, who has advocated for businesses to return to the United States and benefited from voter dissatisfaction with the direction of the economy under the Biden administration.
He has threatened to impose tariffs on U.S. companies that outsource imports and jobs, a move that economists warn will lead to higher prices for U.S. consumers.
