Trump says Novartis will build eleven new American plants following White House meeting

President Trump says Novartis is building eleven U.S. plants due to his tariff policies. The drugmaker confirmed expansion plans but did not verify the count.

Insights:
President Donald Trump announced on February 20, 2026, that he met with Vas Narasimhan, the CEO of Novartis AG , at the White House to discuss the pharmaceutical company's footprint in the United States USUS. During the meeting, the president stated that Narasimhan informed him the company is currently building 11 new plants. President Trump attributed this large-scale expansion of manufacturing and research capabilities to his administration's tariff policies.
Chief Executive Officer of Novartis Vas Narasimhan attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2025. REUTERS/Yves Herman
Chief Executive Officer of Novartis Vas Narasimhan attends the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2025. REUTERS/Yves Herman
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