In recent weeks, President Donald Trump has made a series of claims about the economy, a topic that should feature prominently in his State of the Union address to Congress on Feb. 24.
A Pre-SOTU Guide to Trump’s Economic Claims
Issues: investments
Trump on EU and Japan Investments in the U.S.
In early August, President Donald Trump claimed that a trade deal he negotiated with the European Union in July came with hundreds of billions of dollars that the U.S. can use for “anything we want.” But that’s not how the terms were described in a joint statement with the EU on Aug. 21.
Trump’s Growing Exaggeration of U.S. Investments
President Trump has repeatedly touted the value of announced financial investments in the U.S. and taken credit for attracting them. He started out citing $3 trillion in investments and, four months later, was claiming totals of more than $10 trillion. It’s unclear where, exactly, he’s getting these totals. But they appear to be an exaggeration of pledges to invest made by various companies and countries.