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Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
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Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota
May 25, 2025 8:29 PM

WASHINGTON, April 28 (Reuters) - CEOs and senior

executives from Nvidia ( NVDA ), Johnson & Johnson ( JNJ ),

Hyundai Motor ( HYMTF ), Toyota Motor ( TM ), and SoftBank

Group are among the more than two-dozen business

leaders slated to visit the White House on Wednesday for 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 at an "Investing in America" event,

a White House official told Reuters.

Trump is seeking to encourage U.S. and foreign companies to

expand manufacturing in the United States, while he has sparked

a global trade war, imposing tariffs on a wide range of

countries. Airlines, aerospace firms, automakers and retailers

have expressed worries about the impact of tariffs on U.S.

manufacturing and sales.

The White House touted investment commitments from Taiwan

chipmaker TSMC, Apple ( AAPL ), and Roche saying they

"demonstrate resounding confidence in the U.S. economy and

dollar under this administration."

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.

In January, he 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 announced a

$21 billion investment in the U.S. 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.

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