Trump touts over $20 trillion in new U.S. investments, but the numbers don't add up
Trump touts over $20 trillion in new U.S. investments, but the numbers don't add up
Trump touts over $20 trillion in new U.S. investments, but the numbers don't add up
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
Trump has made increasingly sweeping claims about new investments flowing into the United States, citing figures as high as $21 trillion since taking office.
"Twenty-one trillion dollars will be the amount invested in the United States — or committed to invest — in one year," Trump said in a November meeting with Saudi Crown Prince Mohammed bin Salman. In an Oval Office event this Wednesday, he said, "In 10 months, we have $18 trillion being invested."
But a CBS News review found no evidence that total commitments or new investments approach the scale Trump has cited. While companies and foreign governments have announced large-scale projects since his inauguration, the White House has not provided documentation showing total investments approaching $21 trillion — an amount roughly two-thirds of the annual GDP.