Video: Trump touts over $18 trillion in US investments

President Donald Trump announced on Tuesday that his administration has secured over $18 trillion in new investments in the United States since his inauguration in January. 

During Tuesday’s cabinet meeting, which marked the ninth cabinet meeting of Trump’s second term, the president described the United States as “the hottest country anywhere in the world.”

Contrasting the difference in investments secured under former President Joe Biden’s administration and his own administration, Trump said, “In four long years of the Biden administration, there were just $1 trillion of new investments in the United States. In 10 months, we’ve secured commitments of over $18 trillion.” 

“They had less than $1 trillion. That’s in a period of four years,” Trump added. “Think of it, four years, they had less than a trillion. In 10 months, we have more than $18 trillion.”

Trump noted that the investment numbers will soon be “higher than that.” Secretary of the Treasury Scott Bessent also confirmed that the total number of committed investments in the U.S. economy will be “higher by the end of the year.”

A statement regarding the trillions of dollars in investments in the U.S. economy on the White House’s website states that, under the president’s leadership, “the U.S. has seen a surge of private and foreign investment that are fueling job growth, innovation, and opportunity across every corner of the country.”

During a meeting with Trump at the White House last month, Saudi Crown Prince Mohammed bin Salman announced that Saudi Arabia plans to invest $1 trillion in the United States. At the time, bin Salman told the president that his country’s massive investment commitment, which was initially $600 billion, is due to the United States being the “most hottest country on the planet.”

Other investment commitments on the White House’s website include $1.4 trillion from the United Arab Emirates, $1.2 trillion from Qatar, $1 trillion from Japan, $600 billion from Apple, $600 billion from Meta, and $500 billion from India.