J&J boosts US investments by 25% over 4 years amid looming tariff threats

By Bhanvi Satija and
(Reuters) - Johnson & Johnson has laid out plans to raise U.S. investments by 25% to more than
The pharmaceutical giant said on Friday it planned to build four new plants as part of its investment, one of which would be set up in
The 25% increase is compared to the company's investments in the past four years. At least two investors said most of these investments were already planned.
"The
U.S. companies such as Eli Lilly and Apple are investing in domestic production amid Trump administration's push to manufacture locally.
Lilly recently committed to invest
The proposed levy could affect companies such as J&J and Pfizer as they have sprawling operations outside the U.S.
Apple also plans to invest
"In the short term, they are trying to lobby for a tariff exemption. In the medium/longer term, everyone is moving even further towards a local manufacturing strategy. Even if there is a tariff deal, the era of free trade and unrestricted globalization is over," Jonas said.
Tariffs, according to him, are unlikely to hit J&J's medicine business, but could have a minor impact on the medical devices unit.
J&J, the world's largest drugmaker by revenue, said it already has more manufacturing facilities in the U.S. than in any other country. It also plans to expand existing U.S. sites and build new research and development infrastructure.
J&J's site in
The site will produce treatments for cancer, immune and neurological diseases, the
(Reporting by Bhanvi Satija in Bengaluru and
(c) Reuters 2025. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Related News

-
Trump's regulatory freeze throws US fishing industry into chaos
Reuters - 6:25 AM ET 3/23/2025
-
Chinese premier warns of 'rising instability' at key business forum
Reuters - 6:42 AM ET 3/23/2025
-
Exclusive-Some European officials weigh if they can rely on Fed for dollars under Trump
Reuters - 5:17 AM ET 3/22/2025
-
US SEC holds crypto task force roundtable as Trump plans regulatory revamp
Reuters - 3:24 PM ET 3/21/2025
-
Trump picks Boeing over Lockheed for fighter jet contract
Reuters - 2:58 PM ET 3/21/2025
-
US transportation chief to unveil plan to upgrade air traffic control
Reuters - 7:34 PM ET 3/21/2025
-
Dow, S&P end flat, Nasdaq snaps four-week decline on tariff hopes
Reuters - 4:42 PM ET 3/21/2025