Domestic and international manufacturers have announced billions of dollars in investments as President Donald Trump levies tariffs that affect their industries.
From auto manufacturers to large technology companies, businesses are investing in production in the United States as the Trump administration continues to push its America First agenda with tariff threats. Mexico and Canada face a 25% tariff that began on March 4.
The Japanese car manufacturer Honda will reportedly move production of its electric Civic model from Mexico to Indiana after Trump threatened 25% tariffs on all Mexican imports.
Clarios, a Wisconsin-based company that creates batteries for different vehicles, announced it would invest $6 billion to expand U.S. manufacturing. In a press release, a spokesperson for the company said the plan aims to advance domestic energy and mineral independence by increasing the supply of vehicle batteries.
Johnson & Johnson announced a $55 billion investment over four years to build manufacturing facilities in the U.S. The investment represents a 25% increase over the previous four years and will contribute more than $100 billion annually to the U.S. economy, according to the company.
Apple reaffirmed its commitment to invest $500 billion in the U.S. over the next five years. A spokesperson said the company intends to hire 20,000 new workers and produce artificial intelligence servers. It plans to open a server factory in Houston in 2026 and a manufacturing academy in Detroit. It will also expand investment in data centers in Arizona, California, Iowa, Nevada, North Carolina, Oregon, and Washington.
Apple also confirmed that the Taiwan Semiconductor Manufacturing Company facility in Arizona, which began development under former President Joe Biden’s administration, began producing chips for Apple.
Trump looked to take credit for the latest announcement by implying in a social media statement that his tariff threats were Apple’s tipping point in making the announcement.
Similarly, Trump announced that TSMC, the world’s largest chipmaker, will invest more than $100 billion in building chipmaking facilities in addition to the one operating in Phoenix.
The Biden administration previously granted TSMC a $6.6 billion government subsidy for semiconductor production, and last year, TSMC announced its plan to increase that investment to $65 billion.
It is unclear if the $100 billion is made up partly of the $65 billion or if it is an entirely separate investment.
Nvidia also plans to invest hundreds of billions of dollars in American-made chips and electronics over the next four years. A spokesperson for the company said it expects to spend around $500 billion on electronics during a four-year period.
ALL THE CHALLENGES TRUMP FACES IN CREATING AN AMERICAN SOVEREIGN WEALTH FUND
The shoe brand Steve Madden additionally announced after the election that it would be slashing the goods that it imports from China by as much as 45% due to Trump’s tariffs. However, the company more recently announced that it would raise some prices in the fall to counter the higher cost of China tariffs.
Trump enacted a 10% tariff on all Chinese imports last month.