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State Department credits foreign investment for U.S. jobs, cites $6 billion in Africa deals

June 07, 2025 | US Department of State


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State Department credits foreign investment for U.S. jobs, cites $6 billion in Africa deals
Tommy Piggott, principal deputy spokesperson at the U.S. Department of State, said foreign agreements brokered by the administration are producing investment and jobs in the United States and highlighted recent deals in Africa.

“The foreign investment we’ve seen come into this country has been tremendous,” Piggott said, adding that a recent presidential trip to the Middle East helped spur “trillions of dollars” in investment. He linked that investment to U.S. industry revitalization and job creation.

When asked specifically about Africa, Piggott said U.S. ambassadors and the administration had helped broker “over 30 deals … worth $6,000,000,000 just in a matter of months.” He described the approach to Africa as prioritizing trade and investment over traditional aid models to “allow long term prosperity in the region that benefits everybody.”

Piggott said those deals are part of a broader economic agenda he described as an American “golden age,” citing tax changes and trade rebalancing as complementary elements. He did not list the specific deals, their sectors, or the exact U.S.-based job counts tied to the investments in the remarks.

The video Q&A provided the administration’s characterization of economic outcomes but did not include documentation or detailed breakdowns of the cited deals.

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