Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Zayn Malik Drops Die For Me Music Video
    Videos

    Zayn Malik Releases Die For Me Music Video Ahead of New Album

    February 6, 2026 3 Min Read
    Masters of the Universe teaser
    Videos

    Masters of the Universe Teaser Reveals Nicholas Galitzine as He-Man

    January 22, 2026 3 Min Read
    Bridgerton Season 4 trailer
    EntertainmentVideos

    Bridgerton Season 4 Trailer Reveals Benedict’s Love Story

    December 26, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Trump boasts of $50 bn investment at victory rally
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > Trump boasts of $50 bn investment at victory rally
BusinessTop NewsWorld

Trump boasts of $50 bn investment at victory rally

Web Desk
By Web Desk Published December 7, 2016 6 Min Read
Share
SHARE

Donald Trump embarked Tuesday on the second leg of an unorthodox “victory tour,” promising tough policies to put the US economy first and boasting of securing a $50 billion Japanese investment to create 50,000 jobs.

The US president-elect provided no details on the jobs or investment, which he spent all day trumpeting after talks with Japanese telecoms billionaire Masayoshi Son at Trump Tower in New York.

“Great guy of Japan. He’s pledged that he’s going to put $50 billion into the United States because of our victory,” Trump told a crowd of several thousand in Fayetteville, North Carolina of Son.

“Fifty thousand jobs he’s going to be investing in.”

The Japanese magnate told reporters at Trump Tower that his telecoms company would be investing in startup companies in America.

“I just came to celebrate his new job,” said Son.

The tycoon brandished a piece of paper that indicated SoftBank and Foxconn, the Taiwanese technology giant, “commit to invest $50bn + $7bn in US, generate 50k + 50k new jobs in US in next four years.”

Trump got into hot water last week by taking a protocol-busting telephone call from the president of Taiwan and is under increasing fire in the media for conflicts of interest between his vast business empire and taking top office.

He accuses China of stealing American jobs by sucking away manufacturing plants and pledges to lower corporate tax rates to 15 percent and threatens “consequences” on American firms that fire workers and leave the country.

‘Almost as a war’

In an interview with The Wall Street Journal, Son said the money will be coming from a $100 billion investment fund that he is setting up with Saudi Arabia’s sovereign wealth fund and other potential partners.

The incoming Republican president, whose shock victory stunned the world, also used his Fayetteville rally to boast of his intervention last week to save hundreds of manufacturing jobs from leaving Indiana for Mexico.

“We’re going to defend American jobs,” he said, repeating a key campaign promise. “We have to look at it almost as a war.

“We are going to be good for the world not just good for our country. The script to what we’re doing is not yet written,” he said.

Trump bolstered his populist credentials earlier Tuesday by threatening to cancel a ballooning contract for two new Air Force One jets: one of the most glittering assets of the US presidency that now need updating.

He claimed that the contract had escalated to more than $4 billion, and his team said he was committed to saving taxpayers’ money.

Converting twin 747-8 jumbo jets into state-of-the-art command centers by 2024 was estimated to cost $3 billion when Boeing won the contract in January 2015.

Boeing said simply that it looked forward to delivering “the best planes for the president at the best value for the American taxpayer.”

In Fayetteville, Trump used his second “thank you” rally, following one last week in Ohio, to promise a bolstered US military and an America “strong like we’ve never been before.”

‘Intervention and chaos’

The United States, he said, would strengthen its friendships and “seek out new friendships.”

“Rather than a rigid dogma, we’re guided by the lessons of history and desire to promote stability,” he said.

“This destructive cycle of intervention and chaos must finally, folks, come to an end.”

He introduced retired general James Mattis as his defense secretary, marking the first time that he has appeared side by side with a cabinet pick in public.

The choice of Fayetteville, just a short drive from Fort Bragg, America’s largest military base, was symbolic.

Trump who called the commander nicknamed “Mad Dog” one of the most effective generals in decades, announced the pick in Cincinnati on Thursday, driving the crowd wild in another drastic break with tradition.

“I look forward to being the civilian leader so long as the Congress gives me the waiver and the Senate votes its consent,” said Mattis, sharing the stage with Trump and speaking briefly.

He needs a special waiver to serve as US law bans uniformed military officers from serving as secretary of defense for seven years after leaving active duty.

Some Democrats have raised concerns and have also voiced objections against Trump nominating any other military personnel to his cabinet.

In an unusual break with his campaign rallies, Trump also urged supporters not to boo the media.

“No, no,” he said. “Hopefully they’re going to write the truth.” (AFP)

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

Pakistan T20 World Cup semi-final chances

Pakistan T20 World Cup Semi-Final Chances After England Defeat

Margot Robbie values audience over critics

Margot Robbie Values Audience Over Critics in New Interview

Anthropic Persona Model

Anthropic Persona Selection Model Explains Why AI Feels Human

Post Archives

More Popular from Photonews

Pakistan Opposes UNSC Expansion
Pakistan

Pakistan Opposes UNSC Permanent Seats Expansion at UN Talks

2 Min Read
Karak Rescue 1122 Ambulance Attack
Khyber Pakhtunkhwa

Karak Rescue 1122 Ambulance Attack: FC Personnel Burned Alive in Ambush

2 Min Read
Zimbabwe vs West Indies T20 World Cup
Sports

Zimbabwe vs West Indies T20 World Cup: Zimbabwe Choose to Bowl First

2 Min Read
Entertainment

Megan Thee Stallion Pushed to Limits by Speedskater Sarah Warren

Megan Thee Stallion's Olympic training took centre stage after the rapper shared her experience working out with…

February 22, 2026
Top NewsWorld

Trump Board of Peace Gaza Fund Secures $7 Billion for Reconstruction

The Trump Board of Peace Gaza fund has secured $7 billion in contributions to rebuild Gaza,…

February 20, 2026
Entertainment

Taylor Swift Opalite Billboard Hot 100 Run Slows as Bad Bunny Surges

The Taylor Swift Opalite Billboard Hot 100 climb has come up against new competition, as the…

February 24, 2026
Entertainment

Anne Burrell Death Police Report Reveals Suicide Note Found at Brooklyn Home

The Anne Burrell death police report has revealed new details about the circumstances surrounding the celebrity…

February 19, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog
  • About Us
  • Privacy Policy
  • Code of Ethics & Editorial Standards

© 2026 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?