Today, President Donald J. Trump joined Taiwan Semiconductor Manufacturing Company (TSMC) CEO C.C. Wei to announce a historic $100 billion investment by TSMC in its Arizona-based semiconductor chips manufacturing operation — the largest foreign direct investment in U.S. history.
• President Trump: “This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs — many thousands of jobs, and they’re high-paying jobs. In total, today’s announcement brings Taiwan Semiconductor’s investment to about $165 billion.”
• TSMC CEO C.C. Wei: “It’s going to create thousands of high-paying jobs … We are going to produce many chips to support AI’s progress and to support the smartphone’s progress. I want to thank President Trump again for his support.”
• Secretary of Commerce Howard Lutnick: “President Trump has made it a fundamental objective to bring semiconductor chip manufacturing home to America … You’re seeing the power of Donald Trump’s presidency because TSMC, the greatest manufacturer of chips in the world, is coming to America with a $100 billion investment.”
Since taking office, President Trump has secured nearly $2 trillion in U.S.-based investment — and the best is yet to come.
Monday Morning Wins: Call It the “Trump Effect”
There is no better way to start the week than by celebrating more big wins for Americans under the leadership of President Donald J. Trump.
• American manufacturing surges amid President Trump’s tariffs: Automaker Honda is expected to produce its next-generation Civic hybrid model in Indiana — not Mexico — while Wisconsin-based Clarios, a leader in low-voltage energy storage, announced a $6 billion plan to expand its U.S.-based manufacturing.
◦They’re only the latest major companies to announce such a move in alignment with President Trump’s Made in America agenda. Last week, Apple announced an historic $500 billion investment that will create 20,000 new U.S.-based jobs, while drug maker Eli Lilly announced a $27 billion investment in its U.S.-based manufacturing — bringing the total number of investments secured in President Trump’s second term to nearly $2 billion.
• Border security drives results: President Trump announced illegal border crossings in February — his first full month in office — were the lowest ever recorded, down 94% from last February and down 96% from the all-time high of the Biden Administration.
◦This follows news that would-be illegal border crossers have “given up” and are returning to their own countries as ICE arrests of illegal immigrants have surged 627%.
◦Mexican cartel operatives say they are “genuinely” fearful “for the first time in years” amid the Trump Administration’s crackdown.
• A victory for small businesses: The U.S. Department of the Treasury suspended enforcement of Biden-era Beneficial Ownership Information reporting requirements for U.S. citizens — a big win for small businesses faced with burdensome reporting requirements that increased costs and lowered productivity.
AMENDMENT TO DUTIES TO ADDRESS THE SITUATION AT OUR SOUTHERN BORDER
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:
Section 1. Amendment. Executive Order 14194 of February 1, 2025 (Imposing Duties to Address the Situation at Our Southern Border), as amended by Executive Order 14198 of February 3, 2025 (Progress on the Situation at Our Southern Border), is further amended by revising section 2(g) to read as follows:
“(g) Duty-free de minimis treatment under 19 U.S.C. 1321 is available for otherwise eligible covered articles described in subsection (a) of this section. Such duty-free de minimis treatment shall cease to be available for such otherwise eligible covered articles upon notification by the Secretary of Commerce to the President that adequate systems are in place to fully and expeditiously process and collect tariff revenue applicable pursuant to subsection (a) of this section for covered articles otherwise eligible for de minimis treatment.”
Sec. 2. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:
(i) the authority granted by law to an executive department, agency, or the head thereof; or
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.