Japan’s SoftBank plans to invest $100 billion in US projects over the next four years.
Associated PressPALM BEACH, Fla. — President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years. The president-elect said that since his election, people have expressed interest in “coming in with tremendous amounts of money.” The investments by SoftBank, Trump said, are “a monumental demonstration of confidence in America’s future.” Son said he wanted to “celebrate the great victory of President Trump” and that he will “bring the world into peace again.” “I am truly excited to make this happen,” he said. After the president-elect noted the $100 billion was double an investment pledge Son made in 2016 on the eve of Trump’s first administration, the technology mogul said he was doubling down. He had already threatened steep tariffs for Mexico and Canada, which prompted a visit from Canada’s prime minister aIn a post on his Truth Social site last week, Trump said anyone making a $1 billion investment in the United States “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.”nd a call with Mexico’s president.