'Trump Effect' website takes credit for US investment made under Biden

July 8 (Reuters) - Within hours of taking office in January, President Donald Trump boasted about attracting $3 trillion in new corporate investments to the United States. Since then, Trump has said the investments have swelled to $14 trillion, or roughly half of the nation's annual gross domestic product.

The White House calls it "The Trump Effect" and features a rolling list on its website of more than 70 projects it says Trump's economic policies spurred, from a new bakery plant in Texas to a LEGO facility in Virginia and a microchip plant in Arizona.

As of July 2, the website, opens new tab listed more than $2.6 trillion in U.S. investments, well short of the $14 trillion Trump boasts about.

But a Reuters review found that just under half of the claimed spending on the website - totaling more than $1.3 trillion - originated under former President Joe Biden or represented routine spending repackaged to promote domestic investments.

At least eight of the projects touted by the White House had sought or secured critical local incentive packages before Trump took office while at least a half dozen other projects had already been announced by local officials or the companies themselves, Reuters found