Reaction to President Trump’s tariff and tax policies by the nation’s news outlets, dubbed “Chicken Noodle Media,” has been doom and gloom. They overlook, however, his simple premise: Impose a tariff on goods coming from the United States, and we will charge you the same amount. Charge zero, and we will charge zero.
The goal is simple: reduce the trade deficit and bring manufacturing back home. After four years of Joe Biden, the United States was losing trillions to foreign competitors. Nations such as China, infamous for abusive trade practices, enriched themselves while American workers suffered.
As a result of Trump’s hardline on tariffs, more than 100 countries have lined up to do business with the world’s biggest consumer. They have no choice, and you can bet that Trump’s deals will benefit Americans.
CEOs of the world’s largest corporations have taken note. At a recent White House event, business leaders joined the President to announce a staggering $8 trillion in new investments in our country. The scale of this influx can be tracked at whitehouse.gov/investments.
As the media fixated on Trump’s tariff policies, 20 major companies sent representatives to meet with him at an “Investing in America” summit. Among them was GE Aerospace’s Larry Culp, who noted: “We are investing a billion dollars this year across 16 states, not only in our manufacturing footprint but with so many of the small and mid-sized businesses that constitute our supply chain.” He told Trump, “Mr. President, thank you for what you are doing, not only to revitalize U.S. manufacturing but helping ensure that the aerospace industry, one of our biggest net exporters, continues to lead the world in innovation.”
NVIDIA CEO Jensen Huang unveiled plans for a $500 billion chip manufacturing facility. “We’re working on artificial intelligence across industries—from healthcare and life sciences to financial services and education,” Huang said. “That’s only possible because of the infrastructure here and the strong policies that support innovation. Thank you, sir,” he told the President.
Other companies announcing massive expansion plans include Apple, GE Aerospace, Taiwan Semiconductor, Roche, Johnson & Johnson, Eli Lilly, Novartis, AbbVie, Merck, Abbott, IBM, Stellantis, Regeneron, Chobani, Toyota, and Hyundai. Sovereign wealth funds from the United Arab Emirates, Saudi Arabia, Japan, and Taiwan also pledged significant investments.
“The U.S. is the center of innovation; it must continue its leadership on Artificial Intelligence,” said Masayoshi Son, CEO of SoftBank, whose affiliated companies plan to invest $700 billion. “This is the largest investment for infrastructure in the United States, which is the future of mankind, I believe. It's going to change every industry, every way of mankind's lifestyle of the future.
Talks are ongoing to hammer out a fair trade deal with China, a country Trump says has been “ripping off” the U.S. for years. Their threat to withhold the rare earth minerals essential for modern technology was countered by the deal Trump recently signed with Ukraine to develop its natural resources. This move advances a peace deal with Russia through a U.S. presence in the war-torn country.
“The businesses represented today clearly understand that if you build your factory in the United States, your tariff rate is zero,” Trump said. “Every investment, every factory, and every new job is a signal of American strength and confidence in our future. We’ve never seen anything like this.”