President Donald Trump promoted the achievements of his 'worker-first' economic policy ahead of the Labor Day holiday (Sept. 1).
The White House announced on the 31st of last month (local time) that it has attracted new investments amounting to approximately $10 trillion (about 1,380 trillion won). Trump expressed confidence on social media that if the tariff policy receives final approval from the court, it could be 'the best year ever.'
According to reports from Fox News and ABC on that day, the White House set the core message for this Labor Day as the 'Golden Age of Prosperity.' White House Spokesperson Taylor Rogers noted, 'President Trump believes that American workers are the heart of our economy,' and emphasized his advocacy for a worker-first agenda, from the largest middle-class tax cut in history to securing about $10 trillion in new investments that will create high-paying jobs.
The basis for the $10 trillion investment cited by the White House involves large-scale investment commitments, primarily from information technology (IT) corporations. At the 'Invest in America' event held in April, Nvidia promised an investment of $500 billion in semiconductor production in the United States. Apple also committed $500 billion for factory expansion, and IBM agreed to invest $150 billion in artificial intelligence (AI) research. SoftBank announced plans for a $700 billion infrastructure project. Trump stated that investments exceeding $8 trillion have been promised after the 2024 presidential election.
However, this $10 trillion reflects the total amount of both previously announced projects and new commitments. The White House explained that 'this list is not comprehensive and that there are more achievements beyond the investment cases we presented.'
Ahead of Labor Day, heads of various institutional sectors actively promoted policy achievements. At a Cabinet meeting held on the 26th of last month, Trump highlighted significant achievements, including blue-collar wage increases, growth in private sector jobs, increased steel production, historic trade agreements, and groundbreaking tax cuts. Small Business Administrator Kelly Loeffler stated that the 'One Big Beautiful Bill' represented the largest tax cut in U.S. history. He mentioned the benefits of tax relief averaging about $10,000 annually for a family of four and the expansion of the child tax credit as part of employment policy achievements.
The White House also presented other economic performance indicators. According to a White House statement, 500,000 new jobs have been added in the United States this year. Additionally, more than 183,000 individuals started new apprenticeship programs. The total funding allocated for new job training subsidies amounts to $84 million. Jamieson Greer, the U.S. Trade Representative (USTR), noted, 'Weekly median income rose by 3.3% in the first quarter of President Trump's term,' which contrasts with a 2.1% decline in the last quarter of 2024. Energy Secretary Chris Wright added that considering inflation, gasoline and diesel prices are at their lowest levels in decades.
The announcement of this economic message came shortly after online speculation regarding Trump's health spread. Over the past weekend, hashtags like '#WhereIsTrump' trended on social media, along with rumors about Trump being bedridden. However, Trump showcased his vitality by publicly appearing with his family at his golf course in Virginia.
In the official Labor Day proclamation issued on the 28th of last month, Trump declared, 'The era in which the corrupt political elite allowed our manufacturing base to decline ended on January 20, 2025.' He emphasized, 'Every day, our administration is restoring the dignity of labor and prioritizing American workers.'