May 7 (Reuters) - Gilead Sciences ( GILD ) announced $11
billion in new planned investment in the U.S. to add to its
domestic manufacturing and research heft, becoming the latest
company to announce spending plans in reaction to President
Donald Trump's tariff policy.
The new investments, unveiled on Wednesday, will supplement
an already planned spending of $21 billion to boost U.S.
manufacturing and research and development through 2030, the
drugmaker said.
These investments will be used for new technology, building
three new facilities and upgrading three existing sites, it
said.
Major U.S. drugmakers, including Eli Lilly ( LLY ), Johnson
& Johnson ( JNJ ), Merck ( MRK ) and Bristol Myers Squibb ( BMY )
, have also recently announced additional investments to
boost domestic production amid the tariff threat.
The Trump administration has been putting pressure on U.S.
drugmakers to move their medicine production to the country and
announced probes into drug imports that set the stage for levies
in the sector.
On Monday, Trump issued an executive order aimed at easing
the regulatory burden in the U.S. for producing drugs and said
he would make an announcement on the tariffs in the next two
weeks.
Gilead said the additional $11 billion would lead to at
least 800 new direct jobs and support more than 2,200 indirect
jobs by 2028.
The company said its investments would create $43 billion in
value to the U.S. economy over the next five years.