US President Donald Trump has hailed corporate and foreign investment announcements since returning to the White House as evidence that he is bringing about “the golden age of America.” On January 21, Trump said that the US had “already secured nearly $3 trillion of new investments” before the end of the “first full business day” of his second term.
It appears that we will have roughly $6 trillion in investments,” he stated on April 2. The investment amount was “now revised up to about $7 (trillion)” six days later, Trump informed guests at the National Republican Congressional Committee Dinner. At a town hall hosted by Newsnation on April 30, Trump conjectured that “it could be more than $8 trillion.”
I think we probably have nearly $9 trillion of investments coming into this country,” Trump said on May 4 to Kristen Welker, anchor of the NBC News program Meet the Press.
The White House’s publicly available lists of investments total $2.1 trillion in business investments, or a maximum of $5.1 trillion when pledged foreign investments are included. Some of the anticipated business investments would have happened under any president, but experts warned that they are not assured to happen in full or during Trump’s administration.
Overstating new investments under his leadership is not unique to Trump. In 2024, departing US President Joe Biden claimed that his bipartisan CHIPS and Science Act had drawn $640 billion in private investments. However, economists informed PolitiFact that Biden’s figures were based on what businesses had declared, not on actual money spent.
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