US President Donald Trump – File Photo
Ahead of Donald Trump’s reciprocal tariffs against “all countries” coming into effect, the US President on Monday put out a list of companies on social media, claiming that they were set to invest trillions of dollars in the United States and create thousands of job opportunities.
The list of companies shared by Trump on his Truth Social platform included SoftBank, Apple, NVIDIA, TSMC and GE Aerospace among others. As per the list, Apple and SoftBank are set to invest USD 500 billion each, with the total amounting to more than USD 1.4 trillion.
It further mentions that car manufacturers like Honda, Nissan and Hyundai are set to shift their manufacturing process to America.
Donald Trump Truth Social 3/31/25 09:47 AM pic.twitter.com/nWwJaP6Nbo
Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) March 31, 2025
“There will never have been a transformation of a Country like the transformation that is happening, for all to see, in the United States of America. Companies are pouring into our Country at levels never seen before, with Jobs (and Money!) to follow. It is a beautiful thing to watch!” read another of his Truth Social post.
“In two months, there has been more Private Investment spoken for, and/or committed to, than in four years of the Sleepy Joe Biden Administration — A fact that the Fake News hates talking about!” read another post.
White House aide Peter Navarro said Sunday that he expects President Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history.
Even when adjusting for inflation, that amount would be triple the tax increase put in place in 1942 to pay the cost of fighting World War II.
Trump has announced that his upcoming reciprocal tariffs will affect all countries globally, rather than being limited to 10-15 nations with significant trade deficits.
Ahead of the imposition of Trump’s “Liberation Day” tariffs, stock markets around the world saw declines on Monday. In the US, the S&P 500 dropped by 0.6%, following one of its most significant losses in recent years.
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The full extent of Trump’s tariffs is yet to be seen, and the lack of clarity has weighed on Wall Street. Analysts at Goldman Sachs on Sunday lowered their year-end target for the S&P 500 to 5,900 from 6,200. That comes after analysts at the bank earlier this month lowered their target to 6,200 from 6,500.
The economy faces a growing risk of a recession as tariffs could hinder growth, increase unemployment and contribute to inflation, according to Goldman Sachs. The bank on Sunday said it sees a 35% chance of a recession in the next 12 months, up from 20% previously.