Published Date: 30.04.2025 13:42 / Politics

Pratt Backs Trump with $5B Investment

Pratt Backs Trump with $5B Investment

Anthony Pratt, the executive chairman of Pratt Industries, Inc., has pledged a $5 billion investment to support United States President Donald Trump’s campaign to revive domestic manufacturing. The announcement was reported by Axios on Wednesday, citing a statement from Pratt Industries sent via email.

Pratt, an Australian billionaire, leads the world's largest privately-held producer of 100% recycled containerboard. His commitment comes on the eve of Trump’s "Invest in America" event, scheduled for Thursday, where business leaders are expected to gather in support of U.S. industrial growth. Pratt is reportedly planning to attend the event, along with executives from other major companies.

"To make America great again we need to make in America again," Pratt stated, emphasizing the importance of boosting U.S.-based production. He added, “That’s why I’m proud to support the president’s call to reindustrialize America and again make the U.S. the manufacturing powerhouse of the world.”

The $5 billion pledge marks a significant endorsement of President Trump’s economic agenda, which centers on encouraging companies to invest in U.S. infrastructure, supply chains, and job creation. The administration's broader goal is to reduce reliance on overseas manufacturing and bring strategic industries back to American soil.

Pratt previously expressed his support for Trump by paying for a full-page advertisement in The New York Times earlier this year, congratulating the president on his re-election. His continued backing underscores the alignment between Trump’s industrial strategy and the interests of key business leaders advocating for economic nationalism.

The “Invest in America” initiative aims to highlight corporate commitments that align with Trump’s vision of a revitalized domestic economy. With high-profile endorsements like Pratt’s, the program is expected to draw further attention to the administration’s efforts to restore America’s manufacturing base and reassert industrial independence in a globalized market.