Investing.com -- Top executives from Nvidia (NASDAQ:NVDA), Johnson & Johnson (NYSE:JNJ), Toyota Motor (NYSE:TM), Hyundai Motor (OTC:HYMTF), and SoftBank (TYO:9984) Group are expected at the White House on Wednesday for an event spotlighting major U.S. investments, according to a report from Reuters on Tuesday.
President Donald Trump plans to use the "Investing in America" event to promote a wave of commitments across defense, technology, healthcare, and consumer industries as he marks his first 100 days in office, a White House official reportedly told Reuters.
Trump has pushed to expand manufacturing in the U.S., even as his administration’s tariff policies have raised concerns among major corporations.
Airlines, aerospace firms, automakers and retailers have expressed concerns about the impact of tariffs on U.S. manufacturing and sales.
The White House cited major investment pledges from TSMC (NYSE:TSM), Apple (NASDAQ:AAPL), and Roche as evidence of continued confidence in the U.S. economy.
Trump has also claimed that General Motors (NYSE:GM) is weighing a $60 billion investment, though GM CEO Mary Barra recently emphasized the need for stable policy. “I need clarity, and then I need consistency,” she said at a Semafor forum last week, according to Reuters.
In January, Trump announced a private-sector investment plan of up to $500 billion for artificial intelligence infrastructure. The initiative is expected to involve OpenAI, SoftBank, and Oracle (NYSE:ORCL).
Hyundai, which recently committed $21 billion in U.S. investments, is said to be among the firms attending the event. The company’s new $5.8 billion steel plant in Louisiana is projected to create more than 1,400 jobs, Reuters reported.