To be generous, Mr. Anubhav Muhkerjee is misinterpreting what Trump said. To be blunt, he's lying. Trump is saying that there has been $5T dollars of investments based on companies and countries announcing said investments. Saudi Arabia, Taiwan, Apple, TSMC, Honda, Hyundai, the Stargate Project, etc, etc, etc. Trump is NOT calling the stock market losses "investment". The stock market losses suck, the investments are a good thing.
“Trump is saying that there has been $5T dollars of investments based on companies and countries announcing said investments. Saudi Arabia, Taiwan, Apple, TSMC, Honda, Hyundai, the Stargate Project, etc, etc, etc.”
That doesn’t pass muster.
First of all, pledges don’t mean real money will change hands. Google “wisconsin foxconn.”
Second, the examples you cite don’t come close to $5 trillion....AND THEY WERE ALL PLEDGED WELL BEFORE OUR TRADE WAR. They have NO correlation to raising tariffs astronomically. The Saudis...who I’d trust as far as I can throw...pledged $600 billion. Hyundai pledge $15 billion, Apple $500 billion, Honda $1 billion, Taiwan Semi $100 billion, Stargate $500 billion. All are multi-year pledges which can delayed, extended, or withdrawn at any time.
So, we’re back where we started. If President Trump DIDN’T mean market losses, where’d the number come from?