34 sources·Business

Trump and SoftBank's $100 Billion U.S. Investment Pledge: A New Era of Business Relations?

President-elect Trump and SoftBank CEO Son announce a $100 billion US investment, raising skepticism about actual job creation amid past unfulfilled promises.

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Updated: Dec 16th, 2024, 7:06 PM ET

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President-elect Donald Trump and SoftBank CEO Masayoshi Son pledged $100 billion for U.S. projects over four years, aiming to create 100,000 jobs primarily in AI. However, past commitments and SoftBank’s financial struggles raise questions about the effectiveness of the investment. In a recent press conference, Trump criticized pharmaceutical middlemen, voiced support for the polio vaccine, and highlighted the importance of fostering business relationships. His administration's aggressive approach to foreign investment comes as skepticism grows about achieving promised employment levels, reminiscent of previous announcements that fell short.

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