Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants.

Johnson & Johnson on Friday announced manufacturing, research and development, and technology investments of more than $55 billion in the US over the next four years. The figure is a 25% increase in investment compared to the previous four years, the US-based pharmaceutical company said in a statement.

Johnson & Johnson said it will invest more than $55 billion in the US as President Donald Trump wields the threat of tariffs in a bid to coax major firms to manufacture their products in the country.