Manufacturers pledge to invest billions of dollars in US ahead of Trump tariffs – Washington Examiner
Manufacturers, both domestic and international, are committing to invest billions of dollars in the U.S.as they face potential tariffs announced by President Donald Trump, which threaten to impact various industries considerably. Companies, including auto manufacturers and tech giants, are moving production to the U.S. in response to Trump’s “America First” agenda. As a notable example, Honda plans to shift electric Civic production from Mexico to Indiana due to a proposed 25% tariff on imports from Mexico. Clarios,a battery manufacturer,announced a $6 billion investment to enhance U.S. production.
Apple has reaffirmed a $500 billion investment over five years, intending to create jobs and expand facilities across various states. Additionally, Trump has hinted that his tariff threats may have influenced these corporate decisions. TSMC, a leading chip manufacturer, recently announced plans for over $100 billion in investment for new chipmaking facilities in the U.S., further bolstered by a government subsidy from the Biden management. Meanwhile, the brand Steve madden plans to significantly reduce its imports from China due to these tariffs, but anticipates raising prices to offset increased costs.
these investments appear to be a strategic response to the anticipated economic shifts resulting from new tariff policies.
Manufacturers pledge to invest billions of dollars in US ahead of Trump tariffs
Domestic and international manufacturers have announced billions of dollars in investments as President Donald Trump threatens tariffs that would severely affect their industries.
From auto manufacturers to large technology companies, businesses are investing in production in the United States as the Trump administration continues to push its “America First” agenda with tariff threats. Mexico and Canada face a 25% tariff that is slated to begin Tuesday.
The Japanese car manufacturer Honda will reportedly move production of its electric Civic model from Mexico to Indiana after Trump threatened 25% tariffs on all Mexican imports.
Clarios, a Wisconsin-based company that creates batteries for different vehicles, said Monday that it would invest $6 billion to expand U.S. manufacturing. In a press release, the company said the plan hopes to advance American energy and mineral independence by increasing the supply of vehicle batteries.
Last week, Apple reaffirmed its commitment to invest $500 billion in the U.S. over the next five years. The company said it intends to hire 20,000 new workers and produce artificial intelligence servers. It plans to open a server factory in Houston in 2026 and a manufacturing academy in Detroit. It will also expand investment in data centers in Arizona, California, Iowa, Nevada, North Carolina, Oregon, and Washington.
Apple also confirmed last week that the Taiwan Semiconductor Manufacturing facility in Arizona, which began development under former President Joe Biden’s administration, began producing chips for Apple.
Trump looked to take credit for the latest announcement by implying in a social media statement that his tariff threats were Apple’s tipping point in making the announcement.
Similarly, Trump announced on Monday that TSMC, the world’s largest chipmaker, will invest more than $100 billion in building chipmaking facilities in addition to the one operating in Phoenix.
The Biden administration previously granted TSMC a $6.6 billion government subsidy for semiconductor production, and last year, TSMC announced its plan to increase that investment to $65 billion.
It is unclear if the $100 billion is made up partly of the $65 billion or if it is an entirely separate investment.
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The shoe brand Steve Madden additionally announced after the election that it would be slashing the goods that it imports from China by as much as 45% due to Trump’s tariffs. In the last week, however, the company announced it would raise some prices in the fall to counter the higher cost of China tariffs.
Trump enacted a 10% tariff on all Chinese imports last month.
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