What did Donald Trump claim about the economy on 15 Oct 2025?
Donald Trump, President of the United States ·
And you have to understand, they've all signed—Japan, South Korea. I mean, South Korea, $350 billion up front; Japan, $650 billion. And they've all agreed to it.
South Korea hadn't signed $350 billion up front, and Japan's figure is $550 billion. Four weeks later the White House said Korea's $200 billion deal was still expected to be signed, with no more than $20 billion due in any year.
Four weeks later the White House's own joint fact sheet with South Korea said the $200 billion investment memorandum was still 'expected to be signed' and that Korea 'shall not be required to fund' more than $20 billion in any calendar year; the other $150 billion is shipbuilding investment (White House, Joint Fact Sheet, Nov. 13, 2025). Japan's signed memorandum sets its commitment at $550 billion, not $650 billion (Government of Japan, MOU on Strategic Investments, Sept. 4, 2025).
Claim vs. the record · Economy
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The claim
- Date
- Where
- News conference in the Oval Office at the White House.
The record
Primary source (agency statement)