Trump official tells FOX Business that investments are ‘another example of the Trump effect’
President-elect Donald Trump and Softbank CEO Masayoshi Son announced Monday a $100 billion investment in America aimed at generating 100,000 new jobs.
Trump, speaking at Mar-a-Lago after meeting Son there, called the investment "a monumental demonstration of confidence in America's future."
"Masa runs one of the largest companies in Japan and among the most successful investment and technology companies anywhere in the world, one of the most successful investors in the world. And we've just concluded a very productive meeting," Trump said. "And today, I'm thrilled to announce that SoftBank will be investing $100 billion in America, creating 100,000 American jobs at a minimum. And he's doing this because he feels very optimistic about our country since the election.
"This historic investment is a monumental demonstration of confidence in America's future. And it will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA," Trump added.
Trump also said "we will not rest until America is richer, safer and stronger than it has ever been before."
Son said he is "very excited" about the investment.