President Donald Trump has claimed that his administration has successfully pinpointed “maybe $4 trillion worth of companies moving back or going to move back” to the United States, attributing this shift to his tariff policies.
Trump disclosed this figure during a Cabinet meeting at the White House on Monday.
“First of all, many companies are now moving into the United States. They’re coming back. Some of them left us from many years ago, decades ago, and they’re all – it seems they’re all coming back,” he remarked.

“We have probably identified maybe $4 trillion worth of companies moving back or going to move back. Many of them have announced. It’s going to be tremendous jobs, high-paying jobs, too,” Trump continued.
The president specifically highlighted the semiconductor industry and criticized the CHIPS and Science Act of 2022. He argued that the legislation failed to encourage domestic microchip production, as it primarily allocated large subsidies to already wealthy companies.
“You gave billions of dollars to companies that already have many billions of dollars that just… said, ‘Thank you very much.’ It was no incentive for them to use it,” Trump remarked regarding the CHIPS Act. “But what is good is the tariffs will make it so that they want to come back. That’s why they’re coming back.”
Trump emphasized that products made domestically do not face tariffs, providing a significant incentive for businesses to shift production to the U.S.
The president also highlighted automotive industry investments in the U.S. under his administration’s policies:
“Honda is coming in with a massive plant to Indiana. But there are many plants that are happening, and literally, some have started already. General Motors is already redoing plants that were half abandoned, or they have plants that weren’t being fully utilized… They and others are going to be making parts and other things in those plants so that it’s one-stop shopping, finally,” Trump noted.
On Monday, new details about U.S. auto industry investments emerged, as CNBC reported that Hyundai, a South Korean company, was set to “announce a $20 billion investment in U.S. onshoring that includes a $5 billion steel plant in Louisiana.”
Trump revealed Hyundai’s investment later that day, joined by House Speaker Mike Johnson (R-LA) and Governor Jeff Landry (R-LA). The president stated that the steel plant in Louisiana is expected to produce “2.7 million metric tons of steel a year, creating more than 1,400 jobs for American steelworkers.”
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