Johnson & Johnson announced they will invest $55 billion over a four-year period to build manufacturing facilities in the United States.
The company is the latest in a trend of U.S. companies to invest in U.S. infrastructure as President Donald Trump threatens tariffs that would severely affect their industries. On Friday, J&J said it estimates the U.S. economic impact would be more than $100 billion per year.
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Johnson & Johnson said Friday that it is a 25% increase in investment compared with the prior four years and estimates the U.S. economic impact will be more than $100 billion annually.
“Our increased U.S. investment begins with the ground-breaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting edge medicines to treat patients in America and around the world,” Chairman and CEO Joaquin Duato said in a statement.
The North Carolina plant is in Wilson, just east of Raleigh. The company did not disclose the locations of the other three planned facilities.
The company additionally said expanding several existing sites and is planning to make investments in research and development infrastructure and technology.
A rival of J&J, Eli Lilly and Co., announced in late February that it planned to build four new factories across the U.S. Both Lilly and J&J noted that tax cut legislation passed in 2017 was a factor in their U.S. investments.
The move comes as manufacturers across many industries are investing more in production in the United States as the Trump administration continues to push its “America First” agenda with tariff threats. Trump is planning to levy reciprocal tariffs on other countries starting on April 2.
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The White House on Friday called the trend the “Trump Effect.”
“President Trump’s unrelenting pursuit of American manufacturing dominance is bringing trillions back to the U.S. These 19 companies are just a few investing in and believing in America and Americans,” The Trump White House posted on social media.
Call it the Trump Effect. ????????
— The White House (@WhiteHouse) March 21, 2025
President Trump’s unrelenting pursuit of American manufacturing dominance is bringing trillions back to the U.S. These 19 companies are just a few investing in and believing in America and Americans.
This will truly be the golden age of America. pic.twitter.com/s9tu85FA1q