Trump promotes mogul’s jobs plan
Japanese tech billionaire is planning to create 50,000 new jobs
PALM BEACH, Fla. — Donald Trump on Wednesday touted plans by a Japanese mogul to bring 8,000 jobs to the United States.
They could be the first of the 50,000 jobs tech billionaire Masayoshi Son promised to create after meeting with the president-elect earlier in December.
In the grand scheme of the economy, the jobs announcement is unlikely to have a major impact. Still, it’s another example of how Trump is trying to stoke voters’ belief that he is actively fighting for their well-being.
The announcement came during a whirlwind day in which Trump accused President Barack Obama of throwing up “inflammatory” roadblocks during the transition of power and said his administration was treating Israel with “total disdain.”
Son is the founder and chief executive of SoftBank, one of Japan’s largest technology outfits. He owns the U.S. mobile carrier Sprint, which Trump said Wednesday would be moving 5,000 jobs “back” to the United States. Son also controls OneWeb, which Trump said would hire 3,000 workers.
It was unclear whether the president-elect was referring to the Dec. 6 commitment by Son to invest $50 billion in the United States and create 50,000 jobs.
Trump said the addition of 8,000 jobs was “because of what’s happening and the spirit and the hope.”
Still, the U.S. job market has been robust for much of 2016. Employers have added more than 2.2 million jobs over the past 12 months — a sign of economic health that pre-dates Trump’s presidential victory.
Sprint has struggled since its 2013 acquisition by SoftBank. The carrier shed roughly 9,000 workers between 2012 and 2016, reducing its staff to 30,000, according to annual reports.
Sprint’s attempt to join with rival T-Mobile failed in 2014 after regulators objected to combining two of the four largest mobile telecom companies in the United States. Analysts say a Trump administration would be more likely to approve telecom mergers, including a deal between Sprint and T-Mobile.
Sprint Chief Executive Marcelo Claure said in a statement that the company is “excited” to work with Trump.
“We believe it is critical for business and government to partner together to create more job opportunities in the U.S. and ensure prosperity for all Americans,” Claure said.
The Sprint jobs announcement came after tensions rose and fell Wednesday between Trump and Obama. Trump has made it clear that it didn’t sit well with him when Obama recently boasted that he would have won the election if he’d been running.
“Doing my best to disregard the many inflammatory President O statements and roadblocks,” Trump tweeted Wednesday morning. “Thought it was going to be a smooth transition — NOT!”
Later, however, journalists at Trump’s Mar-a-Lago resort in Florida asked him about the tweet and how he thought the transition was going.
He said: “I think very, very smoothly. It’s very good. You don’t think so?”
Even later Wednesday, Trump told reporters he had spoken by phone with Obama and “had a very nice conversation.”