On Monday, Japanese investor Masayoshi Son joined Trump to announce a $100 billion investment in US projects over the next four years, with a goal of creating 100,000 new jobs in emerging technologies, including the development of artificial intelligence. (Because what investment in 2024 isn’t tied to AI?) The planned investment will come from Son’s SoftBank Group, which, despite its name, is not a bank — more of a sprawling global tech investing company.
This is hardly the first time a president has sought to gin up economic goodwill through agreements with companies on the promise of reviving American industry. But, as Trump knows well from his first term, these sorts of arrangements are often heavy on fanfare but light on actual value.
But you get the idea. Good intentions are great, and then they often encounter economic realities.
They’re all after roughly the same thing: a spot on Trump’s “nice” list, or at least a shot at remaining off the “naughty” list for as long as possible.
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