President-elect Donald Trump announced a major economic deal on Monday with SoftBank, the global investment firm, committing to a $100 billion investment in the United States over the next four years.

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The initiative, which is expected to create 100,000 new jobs, underscores Trump’s “America First” strategy and marks a significant step in his efforts to boost domestic employment and innovation.

The announcement will be made jointly by Trump and SoftBank CEO Masayoshi Son during a meeting at Mar-a-Lago. According to reports from CNBC, the investment will focus on artificial intelligence and supporting infrastructure, with funding coming from SoftBank or its subsidiaries, such as the Vision Fund or chipmaker Arm Holdings, in which SoftBank holds a majority stake.

This is not the first time Trump and Son have worked together on a major investment. During Trump’s first term in office in 2016, Son pledged $50 billion to create 50,000 jobs in the United States.

At the time, Trump praised Son’s commitment, stating that such a deal “would never happen” under the leadership of Hillary Clinton.

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The announcement was made at Trump Tower, where Son expressed his admiration for the then-president, saying, “I like him very much.”

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The new $100 billion commitment builds on this previous partnership and comes with a promise to complete the investments by the end of Trump’s second term.

While not all funding may be newly raised, the investment could include portions of SoftBank’s recent $1.5 billion funding of OpenAI, the organization behind the ChatGPT artificial intelligence software.

SoftBank, led by billionaire entrepreneur Masayoshi Son, has been a significant player in global investment, with extensive holdings in companies like Sprint, T-Mobile, Alibaba, and Arm Holdings, a UK-based chip manufacturer.

Its renewed focus on U.S.-based investments aligns with Trump’s push for multinational corporations to prioritize American production and innovation.

The announcement comes at a time when other industry leaders are signaling interest in aligning with Trump’s economic policies.

According to Politico, Apple CEO Tim Cook recently reached out to Trump’s team to request a private meeting at Mar-a-Lago.

During the Obama administration, Cook resisted calls to bring manufacturing jobs back to the United States, famously stating in 2012 that “those jobs aren’t coming back.”

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Trump’s leadership, however, is expected to bring a different tone to such discussions.

President-elect Trump has long emphasized the importance of bringing manufacturing jobs back to the United States.

His approach includes using tariffs as leverage to encourage companies to produce goods domestically.

Analysts believe that Trump’s negotiating tactics could have a significant impact on CEOs like Cook.

“I do believe that some manufacturing may come back to the United States, primarily because of the fact that president-elect Donald Trump is going to twist Apple’s arm,” said Colin Gillis, an analyst at BGC Partners.

Trump’s ability to secure commitments from major corporations like SoftBank demonstrates his bargaining position as he prepares to take office.

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SoftBank’s $100 billion investment could set the stage for other multinational companies to follow suit, with Trump’s administration creating an environment conducive to domestic growth.

With CEOs seeking to align themselves with Trump’s policies, the commitment from SoftBank signals the potential for further investments that prioritize American jobs and innovation.

This announcement is expected to be a significant milestone in Trump’s economic agenda, showcasing the effectiveness of his “America First” approach and the appeal of his leadership to global business leaders.

The investment promises not only to create jobs but also to solidify America’s position as a leader in artificial intelligence and technology infrastructure.