NewKerala.com

Trump Predicts $600B Tariff Windfall, Touts Unprecedented US Investment Boom

President Donald Trump, addressing the World Economic Forum in Davos, announced the United States is set to receive approximately $600 billion in tariff revenue, a figure he expects to grow significantly next year. He linked a historic surge in investments to the clarity provided by the November election outcome regarding his administration's tariff policies. Trump highlighted specific massive commitments, including a $650 billion investment from Apple and new plans from Toyota, calling the scale of incoming capital unprecedented. He concluded by praising the genius of business leaders and expressing admiration for their success in driving this investment wave.

Key Points: Trump at Davos: $600B Tariff Revenue, Record US Investments

  • $600B tariff revenue forecast
  • Investment surge linked to election
  • Apple's $650B commitment cited
  • Toyota expanding US footprint
  • Trump praises business leaders
3 min read

Trump says US to receive USD 600 billion in tariff revenue, highlights surge in investments

President Trump announces $600B in US tariff revenue, expects more. Highlights massive investments from Apple and Toyota, linking surge to election clarity.

"We're doing numbers in terms of people investing in the United States as we've never had before. - Donald Trump"

Davos, January 22

US President Donald Trump on Thursday said that the United States will receive around USD 600 billion in tariff revenue, adding that the amount is expected to be much higher next year.

Trump made these remarks during his address at the World Economic Forum (WEF) Summit in Davos, where he highlighted a sharp rise in investments flowing into the US.

Speaking about investor sentiment, Trump said the United States is witnessing levels of investment. He said, "We're doing numbers in terms of people investing in the United States as we've never had before."

He linked this surge to the November 5 election, stating that the election outcome provided clarity on his administration's approach to tariffs. According to Trump, tariffs are aimed at protecting the country, which he said had been taken advantage of for years.

Trump noted that the estimated USD 600 billion in tariff revenue does not include additional investments by countries and companies setting up operations in the United States.

He said, "We'll have, I'd say, USD 600 billion worth of tariff money coming in. And I think we're going to have maybe more than that. By next year, it'll be much more than that. That's not including the countries that, the countries and companies."

Trump also shared the scale of corporate investments coming into the country. He said Apple is spending USD 650 billion, calling it a major commitment. He also mentioned that Toyota has announced plans to invest in the US.

Recalling a meeting in Japan, Trump said Toyota's leadership confirmed the investment plans, describing them as part of a broader wave of global companies expanding their footprint in the US.

Calling the developments "amazing," Trump said the scale of investment being seen now is unprecedented.

"We've never had anything like it or close," he said, adding that no other country is witnessing similar momentum. He said that from an investment perspective, people are in "great shape" and claimed that many investors are making substantial money.

Trump also said the US administration has provided a platform for innovators and business leaders to fully utilise their capabilities.

"We have a lot of brilliant, genius people in this room, and you can put that genius to work," he said.

In a lighter but candid moment, Trump remarked that he was both honoured and jealous of the success of some business leaders present. Referring to Apple, he again highlighted the scale of investment being led by CEO Tim Cook, reiterating the USD 650 billion figure and suggesting it could eventually rise further.

Trump concluded by praising business leaders for their achievements, saying many have done an exceptional job, with several matching or exceeding expectations for investment and growth.

- ANI

Share this article:

Reader Comments

P
Priyanka N
America first policy is working for them, it seems. But as an Indian, I'm more concerned about what this means for our IT sector and exports. If US becomes more protectionist, will it affect our service industry? We need to strengthen our own domestic market and look at other partners.
A
Aman W
USD 600 billion is a mind-boggling figure! 🇺🇸 If this tariff model is so successful, should India also consider more strategic tariffs to boost 'Make in India' and protect our industries? We need to learn from global economic strategies that work.
S
Sarah B
The confidence from the business leaders is palpable. It's a good lesson in policy certainty. When the government's stance is clear (like after the election), it encourages long-term investment. India's PLI schemes are a step in that direction, but consistency is key.
V
Vikram M
Trump's focus is always on big, round numbers. While the investment surge is impressive, we must see the full picture. Tariffs are a tax on trade. It might help the US treasury short-term, but could lead to higher prices and trade wars. India should engage wisely.
K
Kavya N
Apple investing $650 billion! That's more than some countries' GDP. It shows the power of corporate giants. Hope some of that investment and innovation spirit rubs off on our tech hubs in Bangalore and Hyderabad. We have the talent too!

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50