ADVERTISEMENT
ADVERTISEMENT
Trump claims $19.2 trillion investment surge fuels US manufacturing
President credits tariffs and tax policies for attracting global companies.
-
IANS - Thu, 23, Jul 2026
- 05:37 EDT
- 31
President Trump / Xinhua/Ting Shen/IANS
President Donald Trump claimed his administration has secured more than $19.2 trillion in new investment commitments for the United States, saying manufacturers from Asia and Europe are shifting production to the country as his trade and economic policies reshape global supply chains.
Speaking at a rally in Marietta, Georgia, on Wednesday (local time), Trump portrayed the U.S. economy as entering a "Golden Age," highlighting new manufacturing projects, pharmaceutical investments and energy partnerships while arguing that foreign companies are increasingly choosing the United States over competing destinations.
Also read: Arkansas professor Nitin Agarwal's AI paper reaches NeurIPS
"In less than two years, actually, in fact, at the end of the first year, but less than two years in my administration, we've secured more than $19.2 trillion in new investment from all over the world," Trump said.
"So think of that. In four years, they did less than $1 trillion. We did $19.2 trillion in 15 months."
Trump said manufacturers were relocating production facilities from several countries to the United States.
"Toyota just announced they're leaving Mexico and they're coming in. They're going to be building the largest plant anywhere in the world," he said.
"They're all coming back. They're all leaving Canada. They're leaving Mexico. They're coming in from Germany and Japan and South Korea. They're coming in from all over."
The president also highlighted new investments announced in Georgia, including pharmaceutical manufacturing and advanced industrial projects.
"The big pharmaceutical company, UCB, is investing $2 billion to build its first-ever American manufacturing plant right here in Gwinnett, Georgia," he said.
He added that Japan was investing "$600 million" in a diamond processing facility in the state, while Yamaha Motor was building a new U.S. headquarters in Kennesaw.
Claiming that employment had reached record levels, Trump said, "We have more jobs today than we've ever had, and it's not even close."
He also linked recent economic performance to rising stock markets and lower inflation.
"The stock market has hit 73 all-time highs since the election," he said.
"And while the stock market is skyrocketing way up, inflation is way down."
Trump credited his administration's tax policies for improving household finances, saying provisions in recently enacted legislation had eliminated taxes on tips, overtime pay and Social Security benefits for many Americans.
He said 130,000 tipped workers in Georgia had saved an average of more than US$7,000 in taxes, while about 700,000 workers in the state had benefited from the "no tax on overtime" provision.
Trump also highlighted the creation of "Trump Accounts," tax-advantaged savings accounts for children, describing them as part of a broader effort to encourage long-term investment in future generations.
Energy also featured prominently in Trump's remarks. He said the United States was expanding cooperation with Venezuela's oil sector.
"We've already paid for that operation many, many times over. We're taking tremendous amounts of oil," he said.
"If you combine us and Venezuela, we have about 62 percent of the world's oil market."
The president argued that his administration's economic strategy was restoring U.S. industrial competitiveness by encouraging companies to manufacture domestically rather than overseas.
"More money is being invested in the United States right now than at any time in the history of our country," he said.
"This is the Golden Age of America."
The investment claims come as the Trump administration continues to pursue an industrial policy centered on tariffs, tax incentives and efforts to encourage companies to relocate manufacturing to the United States, with a focus on semiconductors, pharmaceuticals, critical minerals, advanced manufacturing and artificial intelligence infrastructure.
Discover more at New India Abroad.
Leave A Comment
Related
ADVERTISEMENT
ADVERTISEMENT
E Paper
Video
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login