SME Times is powered by   
Search News
Just in:   • Sensex, Nifty open lower as US-Iran war uncertainty keeps crude prices elevated  • PM Modi pitches for 100 GW nuclear capacity, 50 companies in Fortune 500 list  • BRICS discuss linking CBDCs and fast payment systems: RBI Governor Malhotra  • Piyush Goyal calls for fair trade and recycling as India eyes $30 trillion economy by 2047  • “Quality, innovation, and trust define every solution at Viraj Pipes.”: Yogendra Kumar Singh 
Last updated: 21 May, 2026  

trump1.jpg Trump touts USD18 trillion investment surge

trump1.jpg
   Top Stories
» Sensex, Nifty open lower as US-Iran war uncertainty keeps crude prices elevated
» PM Modi pitches for 100 GW nuclear capacity, 50 companies in Fortune 500 list
» Piyush Goyal calls for fair trade and recycling as India eyes $30 trillion economy by 2047
» India’s merchandise exports touched record high at $129.6 bn in Q1 of FY27: Minister
» MSME Amendment Bill improves regulatory flexibility, scalability: Industry
IANS | 21 May, 2026

President Donald Trump on Wednesday projected strong economic growth for the United States, claiming trillions of dollars in investments were flowing into the country as he predicted a manufacturing boom driven by foreign companies setting up plants across America.

Trump told reporters at the White House that the US economy is entering an unprecedented period of expansion. “We have 18 trillion being spent, and no country has had anything like that,” he said.

He pointed to automobile manufacturing as a key example of renewed industrial investment. “We have car companies and plants coming in from Germany, from South Korea, from Japan coming in by the billions, and they're being built now,” he said.

Trump argued that companies were shifting production to the United States to gain access to the American market.

“The reason to be there cause they wanna sell our market,” he said.

The President said Americans would witness economic developments unlike anything seen before.

“You're gonna see things that nobody thought were possible,” Trump said. “You're gonna see a lot of amazing things over the next three years for our country.”

The remarks came as Trump sought to reinforce his economic message amid continued focus on trade, tariffs, and domestic manufacturing. Throughout the interaction, he repeatedly pivoted from foreign policy questions to economic issues, signalling that investment and industrial growth would remain central themes of his administration.

Trump also linked the investment inflows to broader confidence in the United States economy.

“The economic numbers” were “phenomenal,” he said, while expressing optimism about future growth.

Alongside economic issues, Trump criticised California's election system, calling it “rigged” and “one of the most dishonest.” He claimed Republicans faced disadvantages in the state's voting process.

“Republicans have to call in,” Trump said. “It's a rigged system.”

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹95.3
₹93.6
UK Pound
₹127.7
₹123.7
Euro
₹110.65
₹106.9
Japanese Yen ₹59.75 ₹57.9
As on 24 Jun, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter