analysis<\/a> found that of the $9.6 trillion the White House listed on its website in late November, $7 trillion could be considered \u201creal investment pledges\u201d. The remaining $2.6 trillion included countries\u2019 agreements to purchase items such as natural gas or to expand future trade. The analysis characterised some of the investment pledges by other countries as \u201camorphous\u201d.<\/p>\nMore than 80 percent of the investments from private companies stemmed from artificial intelligence-related spending.<\/p>\n
\u201cMany of the pledges cited by the White House are part of overlapping multi-company projects, making it difficult to determine how much may be counted more than once,\u201d Bloomberg said.<\/p>\n
Ten items on the White House\u2019s website accounted for the vast majority of the $9.6 trillion the White House detailed. Some of the White House\u2019s documentation includes details such as specific companies getting involved and the types of facilities or infrastructure envisioned; other examples are more vague. Some involve conventional investments, while others have to do with projected trade increases.<\/p>\n
1.\u00a0United Arab Emirates: $1.4 trillion.<\/strong> The\u00a0White House\u00a0says this investment focuses on AI infrastructure, semiconductors, energy, quantum computing, biotechnology and manufacturing. Companies cited in a White House news release include Boeing, GE Aerospace, Emirates Global Aluminum, ExxonMobil, Occidental Petroleum, Qualcomm and Amazon Web Services. It\u2019s\u00a0unclear\u00a0how much of this investment would come from new investments.<\/p>\nThe UAE\u2019s 2024\u00a0gross domestic product was $537bn, making the pledge equal to three years of the country\u2019s entire economic output.<\/p>\n
2.\u00a0Qatar: $1.2 trillion.<\/strong> The\u00a0White House press release described this as an \u201ceconomic exchange\u201d, rather than a one-way investment. It cited the involvement of companies including Boeing, GE Aerospace, Raytheon, General Atomics, ExxonMobil and Chevron Phillips. The announcement described a mixture of trade deals, purchase agreements and investment intentions \u2013 items that analysts\u00a0say often include future-looking efforts rather than capital injections.<\/p>\nIn 2024, Qatar\u2019s\u00a0gross domestic product was $218bn, making this pledge equivalent to nearly six years of the country\u2019s entire economy.<\/p>\n
3.\u00a0Japan: $1 trillion.<\/strong> The White House\u00a0has said Japan is moving towards $1 trillion, following an\u00a0initial\u00a0agreement to\u00a0invest $550bn in sectors such as semiconductors, shipbuilding, energy, pharmaceuticals, metals and minerals by the end of Trump\u2019s term. Japan also disputes that this will be a one-way flow of cash into the US. Bloomberg News quoted Japanese trade negotiator Ryosei Akazawa saying, \u201cIt\u2019s not that $550bn in cash will be sent to the US\u201d but rather a combination of investments, loans and loan guarantees provided by financial institutions backed by the Japanese government.<\/p>\n4. Meta: $600bn.<\/strong> The White House and the social media\u00a0company said $600bn is tied to Meta\u2019s US AI infrastructure and workforce expansion plans through to 2028.<\/p>\n5. Apple: $600bn.<\/strong> Apple\u2019s long history of multi-year domestic investment pledges \u00a0means the $600bn figure incorporates prior commitments plus\u00a0recent accelerations. Apple\u2019s\u00a0news release described a new $100bn boost to bring its total US commitment to $600bn over several years. The release cites a new American Manufacturing Program, supplier investments and training programmes.<\/p>\n6. Saudi Arabia: $600bn.<\/strong> The\u00a0administration said $600bn from Saudi Arabia would involve the energy, critical minerals and defence sectors.<\/p>\nThe amount cited would be equal to about half of Saudi Arabia\u2019s 2024 gross domestic product.<\/p>\n
7. European Union companies: $600bn.<\/strong> The EU\u00a0said in August that \u201cEuropean companies are expected to invest an additional $600bn across strategic sectors in the United States through 2028.\u201d However, the statement frames this as aspirational, not as a commitment.<\/p>\n8. Stargate: $500bn.<\/strong> This consortium between SoftBank, OpenAI and Oracle was unveiled during a January 21 White House event. Stargate said $100bn will be invested \u201cimmediately\u201d and that the consortium \u201cintends to invest\u201d a total of $500bn over the next four years. OpenAI, among others, published blog posts describing its plans for five new sites that would bring the project to \u201cover $400bn\u201d in near-term investment, positioning it on a path to the $500bn target.<\/p>\n9. NVIDIA: $500bn.<\/strong> The\u00a0White House said NVIDIA has pledged to build $500bn-worth of AI infrastructure in the US over the next four years. NVIDIA has said it is pursuing \u201cambitious\u201d manufacturing and server production in the US, but the $500bn figure remains a goal.<\/p>\n10. India: $500bn.<\/strong> What is being called \u201cMission 500\u201d aims to reach $500bn in annual bilateral trade by 2030. But it is a trade\u00a0goal, not an investment pledge, and its end date would come after the end of Trump\u2019s term. Further, the framework seems to allow US purchases of Indian goods to count towards the goal, which does not foster US investment and production.<\/p>\nImportantly, experts said, some of these pledges won\u2019t materialise.<\/p>\n
\u201cHistorically, large-scale investment announcements often overpromise and underdeliver,\u201d Roman V Yampolskiy, an AI specialist at the University of Louisville told PolitiFact in May. \u201cThere is a performative element to them, especially in politically charged contexts. They function as political theatre as much as economic commitment.\u201d<\/p>\n
Trump isn\u2019t the first to overstate new investments. President Joe Biden said in 2024 that his bipartisan CHIPS and Science Act had attracted $640bn in private investments;\u00a0economists told PolitiFact\u00a0that Biden\u2019s numbers were based on what companies had announced, which is not the same as dollars already spent.<\/p>\n
Our ruling<\/h2>\n
Trump says the US has received investment commitments totalling $18 trillion to $22 trillion since he took office in January.<\/p>\n
The number Trump cites is about double what the White House\u2019s website lists. And experts say the website\u2019s current figure, $9.6 trillion, should be viewed with caution.<\/p>\n
It includes aspirational, multi-year goals that might or might not come to fruition, and some items are future purchases or sales of products, rather than capital investments.<\/p>\n
For the two biggest line items \u2013 commitments from the United Arab Emirates and Qatar \u2013 the amounts are multiple times those countries\u2019 annual gross domestic product.<\/p>\n
We rate Trump\u2019s statement False.<\/strong><\/p>\n<\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
United States President Donald Trump has often said that since he took office in January, the US has received trillions of dollars in promises of investments, and the dollar amount he cites changes. On his second day in office,\u00a0January 21, Trump said the US had \u201calready secured nearly $3 trillion of new investments\u201d. By\u00a0May 8, […]<\/p>\n","protected":false},"author":1,"featured_media":5951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-canada-news"],"_links":{"self":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/5950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5950"}],"version-history":[{"count":0,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/posts\/5950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=\/wp\/v2\/media\/5951"}],"wp:attachment":[{"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inernews.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}