Donald Trump’s sweeping new tariffs have sparked a global scramble to sign free trade deals with the US. The rush follows warnings that countries that strike an agreement first are likely to get better treatment.

Is it possible that companies have committed more money in the first two months of the Trump administration than during the entire Biden administration? After all, Joe Biden prided himself on focusing relentlessly on bringing manufacturing back to the United States.

Eli Lilly is on Trump’s list as having committed $27 billion in investments. But that’s on top of an earlier commitment. In 2020, Eli Lilly announced it would spend $23 billion over four years, and the Biden spreadsheet records a total of $18.5 billion spent to build four manufacturing plants.

President Donald Trump said that large corporations are unconcerned about his sweeping tariff campaign, which had sparked the worst selloff in stocks since the Covid-19 pandemic, and he implied that they are instead focused on a legislative package that would fast-track a renewal of his 2017 tax cuts.