Trump lies about trade
“As Trump passed the 100-day mark in office last week, the White House touted a growing list of more than 50 announcements by private companies since Jan. 20 to invest more than $5 trillion in the United States. Trump boasted about them Tuesday during an Oval Office meeting with the new Canadian prime minister.
“The biggest investment ever made in the United States is being made right now, trillions of dollars,” he said, estimating without any evidence that it could be as much as $9 trillion so far.
“But it’s not as impressive as it seems.
“Many are simply corporate pledges that might never fully come through, as was the case during Trump’s first term, when electronics maker Foxconn promised $10 billion to a Wisconsin project that later was dramatically scaled back. Some are a continuation of earlier investment commitments or were in the works well before Trump took office, like the Roche Genentech Innovation Center Boston, part of a $50 billionUS investment announced by the Swiss pharmaceutical company in April.
“Massachusetts Governor Maura Healey’s office said the new research and development center was the subject of talks that began in early 2024.
“And at least one announcement appears to have nothing to do with Trump. The White House lists automaker Stellantis’ decision to spend $1.2 billion to reopen its Belvidere, Ill., factory as a Trump investment. The announcement, which came just two days after Trump took office, fulfills a commitment the company made in a 2023 union contract and follows a $334 million grant last July from the Biden administration to help restart the facility.”
So Trump is lying. In other news, dog bites man, water is wet, the sun rose in the east and the pope was Catholic.
Trump lies about US investments
“The biggest investment ever made in the United States is being made right now, trillions of dollars,” he said, estimating without any evidence that it could be as much as $9 trillion so far.
“But it’s not as impressive as it seems.
“Many are simply corporate pledges that might never fully come through, as was the case during Trump’s first term, when electronics maker Foxconn promised $10 billion to a Wisconsin project that later was dramatically scaled back. Some are a continuation of earlier investment commitments or were in the works well before Trump took office, like the Roche Genentech Innovation Center Boston, part of a $50 billionUS investment announced by the Swiss pharmaceutical company in April.
“Massachusetts Governor Maura Healey’s office said the new research and development center was the subject of talks that began in early 2024.
“And at least one announcement appears to have nothing to do with Trump. The White House lists automaker Stellantis’ decision to spend $1.2 billion to reopen its Belvidere, Ill., factory as a Trump investment. The announcement, which came just two days after Trump took office, fulfills a commitment the company made in a 2023 union contract and follows a $334 million grant last July from the Biden administration to help restart the facility.”
So Trump is lying. In other news, dog bites man, water is wet, the sun rose in the east and the pope was Catholic.
Trump lies about US investments