Donald Trump credits tariffs with spurring new US manufacturing investment

President Donald Trump, speaking at a McTruck facility in Macungie, Pennsylvania, said that tariffs on imported steel, aluminum, cars and heavy‑duty trucks have revitalised U.S. manufacturing. He claimed the United States has attracted $19.1 trillion in investment over the past year, far surpassing the previous administration’s totals.

Trump highlighted specific projects announced in Pennsylvania, including a $3.5 billion Eli Lilly manufacturing plant, a Nokia expansion and a B. Braun medical‑device investment. He also referenced pledges from Middle‑Eastern partners, saying Qatar and the United Arab Emirates together are committing $2 trillion, with additional funds from Bahrain and Kuwait.

The president linked the surge in factories to higher exports, stating that U.S. exports have risen by $150 billion and the trade deficit with China has shrunk to a record low. He cited a recent rally in the stock market, noting 73 record‑high sessions since his return to office, and said retirement savings have benefited from the gains.

Trump concluded by urging American workers to continue building trucks domestically, asserting that soon all U.S. roads will be filled with American‑made trucks.