President-elect Trump revealed that SoftBank Group, a Japanese company, plans to invest $100 billion in the United States over the next four years, emphasizing this move as a sign of global confidence in the U.S. following his electoral victory.
At Mar-a-Lago, Trump was joined by SoftBank CEO Masayoshi Son, who noted that the investments would focus on artificial intelligence and other emerging technologies, creating 100,000 jobs for Americans.
Trump celebrates SoftBank’s $100 billion investment as a boost for America
“He’s doing this because he feels very optimistic about our country since the election,” Trump stated, describing the investment as a “monumental demonstration of confidence in America’s future.” Masayoshi expressed that his confidence in the U.S. economy had “tremendously increased” after Trump’s recent win.
During their discussion, Trump urged the SoftBank leader to double his investment to $200 billion immediately. Masayoshi laughed and said he would “try to make it happen.” This announcement represents a victory for Trump, who campaigned on bringing businesses back to the United States and capitalized on voter frustration regarding the economy under the Biden administration.
He has threatened to impose tariffs on imports and on U.S. companies that outsource jobs, a strategy that economists warn could lead to higher prices for American consumers.
