Trump: Japanese mogul pledges $50 billion US investment
WASHINGTON (AP) — After meeting with Donald Trump on Tuesday, Japanese tech billionaire Masayoshi Son said he will invest $50 billion in the United States and would "commit" to creating 50,000 new jobs over an unspecified time period.
The announcement is the latest instance in which Trump appears to be conducting economic policy via ad-hoc deal-making — sometimes taking credit whether he deserves it or not.
The claim was a stretch; Ford had no plans to move the plant and had already agreed to keep producing one specific model there, although it did back away from a plan to shift production of the Lincoln MKC, a small SUV, from Louisville to Cuautitlan, Mexico.
Trump plans to meet with leading tech executives next week, a group that will include venture capitalist Peter Thiel — one of Trump's few supporters in Silicon Valley — and Cisco Systems CEO Chuck Robbins.
The carrier's attempt to join with rival T-Mobile failed in 2014 after regulators objected to combining two of the four largest mobile telecom companies in the United States.
Analysts have predicted, however, that a Trump-led Justice Department and Federal Communications Commission would be more likely to allow telecom mergers , including a deal between Sprint and T-Mobile.