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President Donald Trump discussed the impact of his recent tariffs on Sunday, calling on other nations to “build in America.”
The president posted the update to his Truth Social account nearly three weeks after announcing his “Liberation Day” tariffs.
“Since our announcement of LIBERATION DAY, many World Leaders and Business Executives have come to me asking for relief from Tariffs. It’s good to see that the World knows we are serious, because WE ARE!” Trump stated.
“They must right the wrongs of decades of abuse, but it won’t be easy for them. We must rebuild the Wealth of our Great Country, and create true RECIPROCITY. But for those who want the easiest path: Come to America, and build in America!” he added.
Trump addressed various forms of non-tariff “cheating” in a second post.
“NON-TARIFF CHEATING:
1. Currency Manipulation
2. VATs which act as tariffs and export subsidies
3. Dumping Below Cost
4. Export Subsidies and Other Govt. Subsidies
5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
6. Protective Technical Standards (Japan’s bowling ball test)
7. Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
8. Transshipping to EVADE Tariffs!!!” the president posted.
Several companies have already announced major American investments, including Novartis, which announced earlier this month that it will invest $23 billion in the U.S. over the next five years.
The company stated that the investments will include “10 facilities, including 7 brand new facilities, creating nearly 1,000 new jobs at Novartis and approximately 4,000 additional US jobs.”
Novartis joins a growing list of companies expanding investment in the U.S. since Trump’s return to office in January. For example, Apple announced in February that it will invest $500 billion in the U.S. over the next four years, adding 20,000 American jobs and building a factory in Texas by 2026.
The well-known iPhone and computer maker will work with Hon Hai Precision Industry’s Foxconn to build a 250,000-square-foot facility in the Houston area to assemble servers to power Apple’s AI efforts.
“APPLE HAS JUST ANNOUNCED A RECORD 500 BILLION DOLLAR INVESTMENT IN THE UNITED STATES OF AMERICA. THE REASON, FAITH IN WHAT WE ARE DOING, WITHOUT WHICH, THEY WOULDN’T BE INVESTING TEN CENTS. THANK YOU TIM COOK AND APPLE!!!” Trump posted to Truth Social.
