Johnson & Johnson said Monday it will invest more than $1 billion in Jacksonville, Florida, to expand U.S.-based manufacturing, packaging and distribution for its ACUVUE brand contact lenses.

President Donald Trump has plastered taxes on products from almost every country on earth.

Health care giant Johnson & Johnson expects about $400 million in tariff-related costs this year.

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 will replace Chairman and CEO Alex Gorsky with another veteran company executive starting next year.