Companies have pledged to invest at least $1.9tn in the US since the start of Donald Trump’s presidency but the spending bonanza could be threatened by a spiralling tariff war.
Investment pledges from overseas and US companies have reached $1.9tn, according to an analysis by the Financial Times. This compares with $910bn of private manufacturing investments announced from the start of Joe Biden’s presidency until October 2024, according to the US commerce department.
The latest commitments include $100bn each from SoftBank, which made the commitment in December, and chip manufacturer TSMC, $20bn from French shipping group CMA CGM, a $500bn pledge by Apple and $5bn from carmaker Stellantis.
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