Trump Promotes $500B AI Investment, Seeks Business Confidence Amid Tariff Concerns
More than two dozen senior executives from major global firms including Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are scheduled to attend a White House event on Wednesday aimed at spotlighting investment commitments in the United States, according to a report by Reuters.
Event Marks Trump's 100 Day Milestone
The event, also known as "Investing in America," is part of the President Donald Trump's campaign to showcase foreign and domestic investment across industries including defense, technology, healthcare, consumer goods, and financial services. It is also his first 100 days as president after a brief period outside office. The administration hopes, according to a White House official, to attract US and foreign businesses to grow locally despite increased trade tensions and tariffs imposed on most countries.
As most companies are investing, others like airlines, auto manufacturers, and retailers are concerned about how tariffs would affect manufacturing expenses and consumer prices.
The White House promoted promises from Taiwan Semiconductor Manufacturing Company (TSMC), Apple, and Roche as evidence of sustained faith in the US economy and the health of the dollar under the current administration. Nevertheless, some leading companies reportedly made it known that they desire additional data on trade policy and regulatory certainty prior to more US expansion commitments.
Also read: Trump Jr. to Discuss AI Investment Opportunities During Bulgaria Visit
General Motors CEO Mary Barra recently said at a Semafor forum that policy clarity and consistency are paramount before making substantial capital investments. She said that, in order to be responsible on behalf of shareholders, GM requires to know the policy direction of the government. President Trump told us that GM is contemplating a $60 billion investment in the US, although the company has not publicly stated that figure.Trump has also suggested he may consider offering relief to automakers facing new auto tariffs, though no specific actions have been announced.
Earlier this year, Trumpunveiled plans for up to $500 billion in private-sector investment to support AI infrastructure development. The goal, he said, was to ensure the US maintains a global edge in the AI race. Companies expected to participate include OpenAI, SoftBank, and Oracle. SK Square is keeping a close eye on these developments.
As the administration promotes a business-friendly image, corporate leaders are urging for long-term policy stability to align with the bold investment goals coming out of Washington.
