Trump Hails $100B SoftBank Investment, Promises 100,000 New Jobs

Washington, United States – US President-elect Donald Trump praised SoftBank’s commitment to invest $100 billion in the United States, a move expected to create 100,000 jobs, marking a significant early win for his incoming administration.

At a press conference held at Trump’s Mar-a-Lago residence in Florida, SoftBank CEO Masayoshi Son stood alongside Trump to confirm the investment, highlighting his renewed confidence in the US economy following Trump’s electoral victory.

“This historic investment is a monumental demonstration of confidence in America’s future,” Trump said, emphasizing the plan’s focus on artificial intelligence and emerging technologies.

Masayoshi Son, known for his successful early bets on Alibaba and Yahoo, said Trump’s leadership inspired him to “double down” on his previous $100 billion Vision Fund commitment, which largely included contributions from Saudi Arabia and the UAE.

SoftBank’s recent financial performance has shown a recovery, with significant profits in its latest quarter. Son reiterated his belief in the transformative power of artificial intelligence, predicting the arrival of “artificial superintelligence” within a decade.

Economic Impact and Tariffs

Economist Stephen Moore, a Trump economic advisor, described the announcement as a “great day,” calling it a strong signal for future jobs and prosperity.

However, Trump’s economic plans, including new tariffs on imports, have sparked debate among analysts. Some experts, such as Wells Fargo economists, have raised concerns that tariffs might hurt economic growth and drive inflation. Others, like Goldman Sachs, believe the real impact will depend on how the tariffs are implemented.

Defending his stance, Trump argued that tariffs could be beneficial when applied correctly: “Tariffs will make our country rich… Our country right now loses to everybody.”

The $100 billion investment follows Trump’s campaign promises to revitalize the economy by cutting red tape, attracting investments, and boosting domestic industries like oil and gas.