Trump opens Cabinet Meeting with Bold Claim: U.S. Could See $4 Trillion in Companies Returning

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00:00We had a very, very good cabinet meeting.

00:03We're on our way to some tremendous numbers.

00:06I think, first of all, many companies are now

00:09moving into the United States.

00:11They're coming back.

00:12Some of them left us from many years ago, decades

00:15ago, and they're all — it seems they're all

00:18coming back.

00:18We have probably identified maybe $4

00:21trillion worth of companies moving back or

00:24going to move back.

00:26Many of them have announced it's going to be

00:28tremendous jobs, high-paying jobs, too.

00:31And you probably know the chip business — not

00:34because of the CHIPS Act, which was a disaster.

00:36You gave billions of dollars to companies

00:39that already have many billions of dollars.

00:40It just — they said, thank you very much.

00:43It was no incentive for them to use it.

00:45But what is good is the tariffs will make it so

00:48that they want to come back.

00:49That's why they're coming back.

00:51I think they're coming back because of the

00:53election that took place on November 5th and

00:55because of the fact that they have to come back

00:58because the tariffs are forcing them to come back.

01:01And remember, there are no tariffs if you build

01:04here, and that's a big factor.

01:06So we have record numbers.

01:08Howard was just telling me the numbers that we're

01:10talking about are crazy, beyond anybody's wildest

01:14expectation.

01:15So they'll be doing a lot of — a lot of building.

01:18All sorts of businesses, including the basics of

01:21automobiles.

01:23We have, as you know, Indiana's — Honda is

01:25coming in with a massive plant to Indiana.

01:29But there are many plants that are happening, and

01:32literally some are started already.

01:34General Motors is already redoing plants that were

01:38half-abandoned, or they have plants that weren't

01:41being fully utilized.

01:43They're going to be — they and others are going

01:45to be making parts and other things in those

01:48plants so that it's one-stop shopping, finally.

01:51It's ridiculous.

01:51You had to go to Mexico.

01:52You had to go to Canada.

01:54A car went all over the place.

01:55It was like — I don't know how that would have

01:58worked, but that's the way it sort of ended up.

02:02We had a deal, and we have a deal.

02:04It's fine.

02:04But people took advantage of the deal.

02:07They cheated.

02:08And when you cheat, the deals are unfortunate.

02:11But now what's happening is the numbers are beyond

02:15our wildest expectations.

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