US President Donald Trump said more than twelve trillion dollars had been practically committed on his watch, crediting his agenda of tariffs, tax cuts, and deregulation with making the difference.
The US government publishes statistics on business investment only every three months.
January to March, which reflect two months of Trump’s tenure, show a strong jump in business investment, albeit one that analysts said was partly due to data skewed by an earlier Boeing strike.
Executives have also warned that some of Trump’s ideas, in particular a proposal to overhaul drug pricing, could imperil its plans.
Economist German Gutierrez of the University of Washington says Trump is right to want to boost investment in the US, but believes his emphasis on global competition misdiagnoses the problem.
