Donald Trump has repeatedly claimed his presidency sparked $14 trillion in new U.S. investments, citing over 70 projects on the White House’s “Trump Effect” website. However, a Reuters investigation found nearly half of that spending began under Joe Biden or reflected routine corporate activity.
The site highlights companies like Apple, LEGO, Chobani, and Roche, but public records show many projects were announced before Trump took office or were spurred by local incentives and Biden-era legislation like the CHIPS Act. Some announcements even mirror prior corporate investment pledges made during Trump’s first term or early in Biden’s presidency.
Despite that, the Trump administration maintains these are signs of investor confidence in his economic agenda. “President Trump is the greatest closer in modern history,” said White House spokesman Kush Desai.
Still, experts like Moody’s economist Mark Zandi say economic forecasts remain unchanged, and some companies now fear Trump’s policy shifts—such as pharmaceutical price controls—could deter future investment.
Source(s)
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
