Trump to showcase U.S. investment at White House event with top CEOs
President Trump will host on Wednesday top executives from companies including Nvidia, Johnson & Johnson, Eli Lilly, GE Aerospace and SoftBank, as promotes investment in the U.S., per the White House.
Why it matters: The White House regards investment policy as "critical" to U.S. national and economic security, but Axios' Courtenay Brown and Neil Irwin report Trump's tariffs threats have left the country's status as the top global investment magnet in doubt as businesses hit pause.
Driving the news: Trump will host CEOs and industry leaders who've committed to investing at the U.S. at the "Invest in America" event, Bloomberg first reported.
The event is designed to attract more investors as it highlights investments so far, a White House official said.
Zoom in: Among these investment pledges are the United Arab Emirates' commitment to a 10-year, $1.4 trillion investment framework in the U.S.
Trump announced soon after taking office commitments from OpenAI, SoftBank, Oracle and the UAE's MGX to invest in AI infrastructure for OpenAI in the U.S.
Johnson & Johnson has pledged to spend $55 billion in the U.S. over the next four years on manufacturing, research and technology investments.
And Taiwan Semiconductor Manufacturing Co. said it will invest an additional $100 billion in U.S. chips production.
What they're saying: "President Trump has secured more investments in the United States of America in 100 days than Joe Biden did in four years," White House press secretary Karoline Leavitt said in an emailed statement Monday evening.
"President Trump is America's businessman in chief and that's why more than $5.3 trillion dollars have flooded our country bringing new jobs and investments to middle-class communities from coast to coast."
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