President-elect Trump announces potential major investment from Apple, signaling a boost to the U.S. economy as he prepares to take office.
He did this without even being in the White House.
At a Glance
- Trump reveals promising conversation with Apple CEO Tim Cook about U.S. investment
- SoftBank commits $100 million investment for job creation in the U.S.
- DAMAC pledges $20 billion for data center projects across multiple states
- Stock markets and small business confidence show significant gains
- Bitcoin surges above $100,000, reflecting economic optimism
Trump’s Economic Strategy Takes Shape
Without even being in the White House, Trump has already forced American tech companies to rethink their global strategy and care more about their home country.
During his recent Make America Great Again Victory Rally in Washington D.C., Trump shared insights from what he described as a promising conversation with Apple CEO Tim Cook regarding a potential substantial investment in the United States.
“I spoke with Tim Cook of Apple. He said they’re going to make a massive investment in the United States because of our big election win,” President Trump said.
This announcement is part of Trump’s broader initiative to strengthen the U.S. economy by rallying support from major business figures. While Apple has not immediately commented on Trump’s statement, the tech giant’s potential investment aligns with its recent performance, as the company’s shares have surged by more than 20% over the past year, bringing it close to a $4 trillion valuation.
Trump’s economic strategy has already yielded significant commitments from other major corporations. SoftBank has pledged a $100 million investment focused on job creation in the U.S. since Trump’s election victory. This move is expected to generate 100,000 new jobs, demonstrating confidence in the incoming administration’s economic policies.
“This historic investment is a monumental demonstration of confidence in America’s future. And it will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA,” Trump said at the rally.
In addition to SoftBank’s commitment, Trump has secured a massive $20 billion investment from DAMAC for data center projects across the United States. This project will initially focus on eight states: Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, potentially transforming the technological landscape of these regions.
“I’m thrilled to announce today that DAMAC will be investing at least $20 billion over a very short period of time into the United States, and they may go double or even somewhat more than double that amount of money. That’s a great thing,” Trump stated.
Economic Indicators Show Promise
The wave of corporate investments has coincided with positive trends in various economic indicators. Trump highlighted that small business confidence has reached a 39-year high, signaling optimism among entrepreneurs and local business owners. This sentiment is further reflected in the performance of major stock market indices.
Since Trump’s election victory, the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have all seen significant increases. These gains suggest growing investor confidence in the incoming administration’s economic policies and their potential impact on the business environment.
Perhaps most strikingly, Bitcoin has surged above $100,000, a dramatic increase that underscores the wave of economic optimism sweeping through various sectors of the economy. This cryptocurrency boom may reflect investors’ anticipation of a more business-friendly regulatory environment under the Trump administration.
Building Relationships with Business Leaders
Trump’s strategy of engaging directly with business leaders appears to be a cornerstone of his economic approach. Several CEOs, including those from Meta, Google, and Walmart, have met with Trump at Mar-a-Lago, suggesting a collaborative approach between the incoming administration and major corporations.
Tim Cook’s previous work with Trump as a member of the American Workforce Policy Advisory Board in 2019 may have laid the groundwork for their current discussions. This ongoing dialogue between the government and industry leaders could play a crucial role in shaping economic policy and driving investment in the coming years.
It feels like America’s back, doesn’t it?
