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Trump effect: More American companies expanding in U.S.

(NationalSentinel) President-elect Donald J. Trump continues to have a positive effect on the U.S. economy, in the form of more and more American companies pledging to keep operations in the United States and expand job opportunities.

General Motors and Walmart are the latest U.S. corporations to announce expansions of manufacturing and jobs. As The Wall Street Journal reported:

09-02-16-04-44-01_promo_article_160x600-option-2General Motors Co. this week will announce plans to invest at least $1 billion across several U.S. factories, two people familiar with the plan said, a move aimed at underlining its commitment to U.S. manufacturing jobs in the wake of President-elect Donald Trump’s criticism of the auto maker’s imports from Mexico.

GM’s announcement could come as early as Tuesday, the people briefed on the plan said. The company will cite a number of new jobs in excess of 1,000 stemming from the investment but doesn’t plan to specify which of its factories are in line for more work, one person said.

[…]

The move comes days after Mr. Trump publicly ratcheted up pressure on the nation’s largest auto maker. During his press conference last week, the president-elect thanked Ford Motor Co. and Fiat Chrysler Automobiles for recently announced U.S. investment plans that are expected to create a combined 2,700 jobs. He then turned up the heat on GM to follow suit.

“I hope that General Motors will be following. And I think they will be,” Mr. Trump said.

As for Walmart, in a direct nod to Trump, the company said it will create as many as 10,000 new jobs in the U.S. Again, per The Wall Street Journal:

Wal-Mart Stores Inc. said it plans to create about 10,000 U.S. jobs this year, a sign that even the country’s largest private employer feels the need to tout American job growth ahead of President-elect Donald Trump’s inauguration.

The jobs will come from previously planned store openings, store expansions and new e-commerce services, the company said Tuesday. The retailer said 24,000 additional construction jobs will be supported by those efforts.

“With a presence in thousands of communities and a vast supplier network, we know we play an important role in supporting and creating American jobs,” Dan Bartlett, Wal-Mart executive vice president of corporate affairs, said in a press release.

After eight years of slow-to-no growth, President Obama still insists that his economic policies of higher taxes and the addition of costly regulations via the federal bureaucracy and Obamacare grew the economy. But his tenure is marked by part-time job growth and U.S. corporations moving overseas to lower corporate tax environments.

Trump, the billionaire businessman, is getting results before he even takes office. If this keeps up, there’s no telling how massive the U.S. economy will become during his tenure.

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