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Reuters Review Undercuts White House’s $14 Trillion ‘Trump Effect’ Investment Claims

Nearly half of the projects credited to President Trump were announced before his term or represent routine spending

Overview

  • The White House’s rolling tracker, branded as “The Trump Effect,” lists over 70 projects and claims $14 trillion in corporate investments under Trump’s policies.
  • A Reuters analysis determines $1.3 trillion of those announced commitments date back to the Biden era or involve standard capital expenditures.
  • At least eight listed projects had secured local incentive packages before January 2025, while around six others were publicly announced ahead of Trump’s administration.
  • The discrepancies call into question the accuracy of the administration’s public tracker launched at April’s Investing in America summit.
  • Major firms such as Nvidia and Apple featured in the list now face scrutiny over whether their pledges reflect new commitments or pre-existing plans.