Analysis-'Trump Effect' website takes credit for US investment made under Biden

Source: Reuters

Analysis-'Trump Effect' website takes credit for US investment made under Biden

Jarrett Renshaw
Tue, July 8, 2025 at 6:03 AM EDT
9 min read

(Reuters) -Within hours of taking office in January, President Donald Trump boasted about attracting $3 trillion in new corporate investments to the United States. Since then, Trump has said the investments have swelled to $14 trillion, or roughly half of the nation's annual gross domestic product.

The White House calls it "The Trump Effect" and features a rolling list on its website of more than 70 projects it says Trump's economic policies spurred, from a new bakery plant in Texas to a LEGO facility in Virginia and a microchip plant in Arizona.

As of July 2, the website listed more than $2.6 trillion in U.S. investments, well short of the $14 trillion Trump boasts about.

But a Reuters review found that just under half of the claimed spending on the website - totaling more than $1.3 trillion - originated under former President Joe Biden or represented routine spending repackaged to promote domestic investments.

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Read more: https://www.yahoo.com/news/analysis-trump-effect-website-takes-100330873.html