Overview
- The White House website lists $9.7 trillion in investment commitments, contradicting the $18 trillion touted in the speech, with NBC and Bloomberg noting large portions are sovereign pledges, long-term plans or not new investments at all.
- Federal Reserve and Congressional Budget Office assessments indicate roughly 90% to 95% of tariff costs fall on U.S. businesses and consumers, countering the claim that foreign countries pay the tariffs.
- AAA data showed no state had an average gasoline price below $2.37 on the day reviewed, and GasBuddy reported only four of roughly 150,000 stations sold below $2 outside special discounts.
- The cited figure of 11,888 “murderers” entering the U.S. was mischaracterized, as DHS and experts say it refers to non-citizens convicted of homicide over multiple decades, often after arrival, including individuals currently incarcerated on ICE’s non-detained docket.
- Economic assertions were overstated, with fact-checks noting inflation under Biden peaked at 9.1% rather than a record high and GDP growth registered 2.2% in 2025, undercutting claims of a uniquely “roaring” economy.