Roche Invests $50 Billion in US, Creating 12,000 Jobs

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Roche Invests $50 Billion in US, Creating 12,000 Jobs
Photo: Alexandra Wey/AP/TT

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The Swiss pharmaceutical giant Roche is backing President Donald Trump and is set to make a massive investment of 50 billion dollars in the USA, which is intended to create 12,000 jobs.

Trump has, with his economic policy, wanted to see more companies move their operations to the USA, and Roche is now planning to establish production facilities in states such as California, Indiana, and Pennsylvania.

Switzerland, like so many other countries, has been affected by Trump's threats of higher tariffs, which have now been paused. For Switzerland's part, it involves 31-percent tariff fees, as opposed to 20 percent for EU countries.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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