For President Donald Trump, the Taiwan Semiconductor Manufacturing Co.’s $100 billion investment in U.S. chip manufacturing represented “a tremendous leap—like, a leap that nobody would have really said was possible.”
But TSMC’s $100 billion is just a small part of the at least $3 trillion in investmentS and trade commitments the Trump administration has racked up in just six weeks since Inauguration Day.
The $3 trillion of investment and trade commitments with the United States involve key allies, such as India and Japan, and major players in the private sector—Apple and Oracle, to name just two. These arrangements also cover critical industries beyond chip manufacturing, from pharmaceuticals to automobiles to artificial intelligence.
With the announcement of TSMC’s $100 billion investment—which Trump celebrated with TSMC CEO C.C. Wei, Commerce…
