May 13 (Reuters) - Carrier Global ( CARR ) on Tuesday
announced plans to invest $1 billion over five years in the
United States, in response to President Donald Trump's policies
encouraging domestic production.
Global firms are boosting their investments and presence in
the U.S. after Trump's policies have pushed companies across
sectors, including Apple ( AAPL ) and Ford, to produce
within the country and generate jobs.
The additional headwind from Trump's tariffs has also caused
companies to rethink their supply chains.
Carrier said the move would generate 4,000 jobs, as it aims
to hire 1,000 U.S. service technicians, and train over 100,000
climate solutions service and sales professionals over the next
five years.
The additional investment will fund the expansion of
existing facilities and construction of a new site to support
production related to components of heat pumps and battery
assemblies.
Earlier this month, Carrier beat quarterly profit estimates
and raised its 2025 forecast amid strong demand for heating and
air conditioning products.
During President Trump's first term, Carrier and its
then-parent company, United Technologies Corp, abandoned plans
to close a plant and move 1,400 jobs to Mexico. In exchange, the
company received $7 million in state tax breaks to stay in
Indiana.