Donald Trump Announces Investment, Jobs Deal with Japan's SoftBank

Spencer Platt/Getty Images(NEW YORK) — President-elect Donald Trump announced that Japanese telecoms and internet company SoftBank will invest $50 billion in the United States and create 50,000 new jobs along with it.

Trump addressed reporters Tuesday afternoon in the lobby of Trump Tower with Masayoshi Son, the CEO of SoftBank. Trump introduced the Japanese businessman as “one of the truly great men.”

“We are going to invest $50 billion in the U.S. and commit to make, to create 50,000 new jobs,” said Son.

When asked how he would do that, Son said that he will “invest into the new start-up companies in the United States.”

Son said he met with Trump on his own volition. This meeting was not previously disclosed by transition officials.

“I just came to celebrate his new job. And we were talking about it, and then I said I would like to celebrate his presidential job and commit, you know, because he will do a lot of deregulation. I said this is great, United States, U.S. will become great again,” Son said.

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