United States President Donald Trump has often said that since he took office in January, the US has received trillions of dollars in promises of investments, and the dollar amount he cites changes.On his second day in office, January 21, Trump said the US had “already secured nearly $3 trillion of new investments”.By May 8, that figure had risen to “close to $10 trillion“. It eventually peaked on October 29 during a meeting with South Korean Prime Minister Kim Min-seok: “I think by the end of my first term, we should have $21 or $22 trillion dollars invested in the United States from other people and countries,” Trump said.Since then, Trump has reported varied investment figures:
On November 27 and December 2, he said they were worth nearly $20 trillion.
On December 2, December 3, December 4 and December 9, he said about $18 trillion, a figure he had first cited on October 10.
Sometimes Trump has phrased the commitments as approaching a dollar figure; other times, he’s said they’ve already hit that number.In May, when Trump said, “We have now close to $10 trillion” in investments, we rated that False. The White House had documented at least $4.9 trillion less than what Trump claimed.That $10 trillion number has about doubled in the seven months since, according to Trump, but it’s unsubstantiated. On the higher end, $22 trillion would be equal to about three-quarters of the United States’ entire 2024 annual gross domestic product (GDP), an extraordinary total for the richest country in the history of the world. Advertisem …
