\n\t\t\t\t\t\tSwiss pharmaceuticals powerhouse Roche announced Tuesday it plans to invest $50 billion in the United States over the next five years, creating 12,000 jobs.The Basel-based company, whose array of products includes cancer medicines and multiple sclerosis treatment Ocrevus, said the investment would go toward high-tech research and development sites and new manufacturing facilities in places including California, Indiana, Massachusetts and Pennsylvania.Some of the $50 billion in investments were already underway or planned for the next several years, Roche spokesperson Rebekka Schnell said in an e-mail, adding that the company was not specifying how much was announced for the first time on Tuesday.The announcement comes as U.S. President Donald Trump has urged foreign businesses to invest more in the United States, and announced sweeping tariffs earlier this month on imports as part of hopes to reduce a large U.S. trade deficit when it comes to sales of goods. Before the Trump administration backed off its most stringent tariff plans, products imported from Switzerland had been set to face tariffs of 31% \u2014 more than the 20% tariffs on goods from the European Union. Switzerland is not a member of the 27-country bloc but is virtually surrounded by four EU countries.READ MORE: Trump says tariffs on pharmaceuticals are coming soonTrump\u2019s sweeping \u201cLiberation Day\u201d tariffs on April 2 set off turmoil in world stock markets. A week later, Trump spoke by phone with Swiss President Karin Keller-Sutter in a conversation that her office said focused on tariffs. She emphasized the \u201cimportant role of Swiss companies and investments in the United States.\u201dHours later, the U.S. president announced the U-turn that paused the steep new tariffs on about 60 countries for 90 days, fanning speculation \u2014 which was not confirmed \u2014 in some Swiss media that her chat with Trump might have played a role in the change of course.Roche, in its statement, said that once the new, expanded manufacturing comes on line, the company \u201cwill export more medicines from the U.S. than it imports\u201d \u2014 though it made no mention of tariffs.\u201cToday\u2019s announced investments underscore our longstanding commitment to research, development and manufacturing in the U.S.,\u201d said Roche CEO Thomas Schinecker in a statement.Company spokesperson Schnell, in the email, said \u201cwe have conducted a thorough analysis of potential scenarios over the last weeks and are well prepared to navigate them, apply mitigation measures and adapt to the changing environment.\u201d She said the investments \u201chave also been aligned with the Swiss government and form part of the ongoing discussions between the U.S. and Switzerland.\u201dThe company \u2014 like cross-town competitor Novartis \u2014 has deep ties to the U.S. market and said it currently employs 25,000 people and operates 15 R&D centers and 13 manufacturing sites in the United States.The planned investment will add 1,000 jobs at Roche in the U.S. and \u201cmore than 11,000 in support of new U.S. manufacturing capabilities,\u201d it said, which will increase its footprint in the United States to 24 sites in eight states. Roche tallied more than 60 billion Swiss francs (about $74 billion) in worldwide sales last year, and nearly 25 billion francs of sales in its key pharmaceuticals division alone came in the United States. Roche\u2019s share price has fallen by about 18% over the past month, with most of the drop coming after the U.S. tariff announcement on April 2.\n\t\t\t\t\t<\/p>\n
\t\t\t\t\t\tGENEVA (AP) \u2014 \t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n
Swiss pharmaceuticals powerhouse Roche announced Tuesday it plans to invest $50 billion in the United States over the next five years, creating 12,000 jobs.<\/p>\n
The Basel-based company, whose array of products includes cancer medicines and multiple sclerosis treatment Ocrevus, said the investment would go toward high-tech research and development sites and new manufacturing facilities in places including California, Indiana, Massachusetts and Pennsylvania<\/a>.<\/p>\n Some of the $50 billion in investments were already underway or planned for the next several years, Roche spokesperson Rebekka Schnell said in an e-mail, adding that the company was not specifying how much was announced for the first time on Tuesday.<\/p>\n The announcement comes as U.S. President Donald Trump has urged foreign businesses to invest more in the United States, and announced sweeping tariffs<\/a> earlier this month on imports as part of hopes to reduce a large U.S. trade deficit when it comes to sales of goods. <\/p>\n