Trump Targets $1 Trillion DOGE Savings, Cites $620 Billion in U.S. Investments from Apple, Facebook, GM

President Donald Trump has announced efforts to achieve $1 trillion in savings through the Department of Government Efficiency (DOGE), though he acknowledged uncertainty about fully reaching this target. He noted some setbacks but emphasized that the savings would still be substantial. Speaking at a Business Roundtable event, Trump stated that U.S. tariffs could exceed 25%, without specifying which tariffs. He described the tariffs as having a 'tremendously positive' impact and argued that higher tariffs would encourage companies to relocate production to the United States. He also mentioned Tesla CEO Elon Musk's leadership in federal efficiency efforts. Trump highlighted significant investment commitments in the U.S. Facebook plans to invest $60 billion by the end of the year, General Motors has expressed interest in investing $60 billion, and Apple has announced a $500 billion investment to build plants in the United States.