While speaking with business leaders at an economic event at the White House, President Trump said that since his return to office, private sector investments have been nearing $8 trillion.
Breitbart reported that President Trump shared some numbers about the growing investment boom during an “Investing in America” event in the White House’s Cross Room, marking his first 100 days back in office.
President Trump said, “We are thrilled to welcome to the White House dozens of the world’s top leaders of all kinds, but in particular, business leaders. And since the election, the companies represented in this room have collectively announced more than $2 trillion in new investments.”
Some of the leaders at the conference included SoftBank CEO Masayoshi Son and Nvidia CEO Jensen Huang, who had announced a staggering $500 billion in commitments to the country’s economy.
According to Breitbart, he told business leaders that the predicted numbers are an estimated $8 trillion and that “there’s never been anything like that in this country; we’ve never had anything close. I would say, if you looked at the last administration, probably for four years, they did maybe less than $1 [trillion], and we’ve done almost $8 trillion.” However, President Trump predicts this number will grow by the end of June.
Huang commended President Trump on this achievement, and Breitbart reported that he said, “Without the president’s leadership, his policies, his support, and, very importantly, his strong encouragement… frankly, manufacturing in the United States wouldn’t have accelerated to this pace.”
Fox Business reported that President Trump also praised the companies bringing manufacturing back to the country. Some of these included car manufacturer Hyundai, which is investing $21 billion in local manufacturing; Toyota, which is putting $88 million into expanding hybrid vehicle production; and Venture Global, which is investing $18 billion into liquefied natural gas expansion in Louisiana. These investments will also increase the number of new jobs while supporting locally made products.
According to Fox Business, President Trump closed the meeting on a high by telling business leaders, “This is just the beginning. We are rebuilding America from the ground up.”
