Overview

• The White House’s rolling tracker, branded as “The Trump Effect,” lists over 70 projects and claims $14 trillion in corporate investments under Trump’s policies.
• A Reuters analysis determines $1.3 trillion of those announced commitments date back to the Biden era or involve standard capital expenditures.
• At least eight listed projects had secured local incentive packages before January 2025, while around six others were publicly announced ahead of Trump’s administration.
• The discrepancies call into question the accuracy of the administration’s public tracker launched at April’s Investing in America summit.
• Major firms such as Nvidia and Apple featured in the list now face scrutiny over whether their pledges reflect new commitments or pre-existing plans.