Today, Johnson & Johnson announced a new $55 billion investment in the United States over the next four years in manufacturing, research and development, and technology — the latest massive victory in President Donald J. Trump’s unrelenting pursuit of American manufacturing dominance.
The company said it represents a “25% increase in investment compared to the previous four years” and builds on their “already elevated U.S. investment levels resulting from the passage of the 2017 Tax Cuts & Jobs Act” under President Trump’s leadership.
Call it the Trump Effect. In recent weeks:
- Nvidia announced it will invest hundreds of billions of dollars over the next four years in its U.S.-based manufacturing operations.
- Apple announced a $500 billion investment in U.S.-based manufacturing and training.
- TSMC announced a $100 billion investment in U.S.-based chips manufacturing.
- President Trump announced a $500 billion private investment led by OpenAI, Oracle, and Softbank in artificial intelligence infrastructure.
- Eli Lilly and Company announced a $27 billion investment in U.S.-based manufacturing.
- DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
- CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, which will create 10,000 new American jobs.
- Clarios, a leader in low-voltage energy storage, announced a $6 billion plan to expand its U.S.-based manufacturing.
- Merck announced it will invest $8 billion in the U.S. over the next several years after opening its new $1 billion North Carolina manufacturing facility.
- GE Aerospace announced a $1 billion investment in U.S.-based manufacturing across 16 states — creating 5,000 new jobs.
- Stellantis announced a $5 billion investment in its U.S. manufacturing network — including re-opening an Illinois manufacturing plant — amid its pledge to increase domestic vehicle production.
- Automakers Honda, Nissan, and Hyundai are expected to shift production to the U.S. from factories abroad.
- Prepac, a Canadian furniture manufacturer, announced it will move production from Canada to the U.S.
- Cra-Z-Art, the biggest toymaker in the U.S., said it will move a “large percentage” of its China-based manufacturing back home.
President Trump will stop at nothing to restore American manufacturing and bring jobs back where they belong — right here in the U.S.