Companies have committed to investing billions in the US over Trump tariffs
Trump has levied high tariffs on goods from Mexico, Canada and China over the countries responses to the fentanyl crisis in the United States. Canada and Mexico are fighting 25% tariffs on their goods.
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A slew of companies have promised to invest billions of dollars in the U.S. as President Donald Trump prepares tariffs that affect their industries, including Honda which promised to move production of its electric Civic model to Indiana.
Trump has levied high tariffs on goods from Mexico, Canada and China over the countries’ responses to the fentanyl crisis in the United States. Canada and Mexico are fighting 25% tariffs on their goods.
Here is a list of some of the companies that will invest billions into the U.S. economy:
Apple reaffirmed its commitment last month to invest $500 billion in the U.S. over the next five years, and hire 20,000 new employees. The company also plans to open a server factory in Texas next year and a manufacturing academy in Detroit.
The Wisconsin-based company Clarios said that it would invest $6 billion into expanding U.S.manufacturing, according to the Washington Examiner. Clarios makes batteries for different vehicles.
Johnson & Johnson announced plans for a $55 billion investment over four years to build manufacturing facilities in the U.S., according to the outlet.
Honda said that it would move its production of its electric Civic model from Mexico to Indiana because of Trump’s tariffs on Mexico.
Nvidia said it would invest approximately half a trillion dollars in the U.S. to make American-made chips and electronics over the next four years.
Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, will invest more than $100 billion in new chipmaking facilities, besides the one it currently operates in Arizona.
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Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.
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(TLB) published this report with permission of John Solomon at Just the News. Click Here to read about the staff at Just the News
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