WASHINGTON, April 28 (Reuters) - CEOs and other
executives from Nvidia ( NVDA ), Johnson & Johnson ( JNJ ),
Toyota Motor ( TM ), Eli Lilly ( LLY ) and SoftBank Group
are among the more than two-dozen senior business
leaders slated to visit the White House on Wednesday as part of
an event highlighting U.S. investments, officials told Reuters.
President Donald Trump plans to promote a broad range of
investments in the United States in defense, tech, healthcare
and consumer products industries and investment funds marking
his first 100 days in office, a White House official told
Reuters, confirming a Bloomberg News report.
Trump has sought to tout new investments despite concerns
about new tariffs from major U.S. businesses. Airlines,
aerospace firms, automakers and retailers have expressed worries
about the impact of tariffs on U.S. manufacturing and sales.
Some major companies have said they want more details on
trade and other government regulations before committing to new
investments. Trump has said General Motors ( GM ) is considering
a new $60 billion investment in the United States.
"I need clarity, and then I need consistency," GM CEO Mary
Barra said at a Semafor forum last week. "To make those
investments and to be good stewards of our owner's capital, I
need to understand what the policy is."
Trump has said he is considering granting automakers some
relief from new auto tariffs.
Trump in January announced a private-sector investment of up
to $500 billion to fund infrastructure for artificial
intelligence, aiming to outpace rival nations in the
business-critical technology. That is expected to include
ChatGPT's creator OpenAI, SoftBank and Oracle.
Last month, South Korea's Hyundai Motor ( HYMTF )
announced a $21 billion investment in the United States at the
White House, including a new $5.8 billion Hyundai Steel
plant in Louisiana that will produce over 2.7
million metric tons of steel annually, creating more than 1,400
jobs.