Fact check: Trump makes false claims in State of the Union address

By CNN staff

(CNN) — President Donald Trump made false claims in his State of the Union address on Tuesday.

Here is a fact check of some of Trump’s remarks so far:

Fact check: Trump falsely claims US has secured ‘$18 trillion’ in investments

Trump repeated his regular false claim that he has secured $18 trillion in investments in the US since returning to office, saying, “In 12 months, I secured commitments for more than $18 trillion pouring in from all over the globe.”

The $18 trillion figure is fiction. As of the night of Trump’s address, the White House’s own website said the figure for “major investment announcements” during this Trump term was “$9.7 trillion,” and even that is a major exaggeration; a detailed CNN review in October found the White House was counting trillions of dollars in vague investment pledges, pledges that were about “bilateral trade” or “economic exchange” rather than investment in the US and vague statements that didn’t even rise to the level of pledges.

From CNN’s Daniel Dale

Fact check: Trump’s misleading claims on gasoline prices

Trump claimed gas prices are “now below $2.30 a gallon in most states, and in some places, $1.99 a gallon.” But no state had an average gas price on Tuesday below $2.37 per gallon, according to AAA; only two states had an average below $2.50 per gallon. And while there are some individual gas stations selling gas for below $2 per gallon, they are scarce; Patrick De Haan, head of petroleum analysis for the firm GasBuddy, said during the speech that the firm found just four stations across the country below $2 (aside from special discounts) out of the roughly 150,000 stations the firm tracks, so about 0.00003% of the total.

Trump could fairly say gas prices have fallen during this presidency. They have declined from a national average of $3.12 per gallon on his inauguration day in January 2025, according to AAA, to a national average of $2.95 per gallon on Tuesday.

In addition, Trump claimed, “And when I visited the great state of Iowa just a few weeks ago, I even saw $1.85 a gallon for gasoline.” We don’t know what Trump saw, but the average price for a gallon of regular gas in Iowa on the day of the January 27 speech was $2.57, according to data published that day by AAA – and Patrick De Haan, head of petroleum analysis for GasBuddy, told CNN at the time that GasBuddy found just four stations in the state selling for $1.97 per gallon (aside from special discounts) out of 2,036 total stations the firm tracks, so 0.19% of the total.

Trump was fact-checked on this subject by an attendee at the Iowa speech he was referring to. When he spoke of gas in Iowa being $1.95 or $1.85 per gallon, someone in the crowd shouted, “No, $2.63,” according to CNN reporter Steve Contorno, who was on scene. Contorno saw that the gas station right outside the venue where Trump spoke was selling for $2.69 per gallon.

From CNN’s Daniel Dale

Fact check: Trump falsely claims inflation under Biden was at record levels

Trump falsely claimed that when he gave his previous address to Congress early last year, he had “just inherited … inflation at record levels.” He added a bit later that Biden and his congressional allies “gave us the worst inflation in the history of our country.”

Trump didn’t inherit the worst inflation in US history, and Biden never had the worst inflation in US history. The year-over-year inflation rate in Biden’s last full month in office, December 2024, was 2.9%, and the rate in the month in which Trump took over partway through, January 2025, was 3.0%; the most recent rate, for January 2026, is 2.4%. The rate did hit a 40-year high, 9.1%, in June 2022, but that was far from the all-time high of 23.7%, which was set in 1920. Regardless, the rate then fell sharply over Biden’s last two-and-a-half years in office.

From CNN’s Daniel Dale

Fact check: Trump claims he inherited a ‘stagnant economy’

Trump claimed that he inherited a “stagnant economy” from the Biden administration and that it is now “roaring like never before.” Though there is no firm definition of “stagnant” or “roaring,” the facts don’t corroborate the suggestion that he has presided over a massive economic boom since returning to office in January 2025. The US economy grew 2.2% in 2025, which was lower than in any year of the Biden presidency; there was 2.8% growth in 2024. (The fall 2025 government shutdown likely reduced growth in late 2025.) The unemployment rate, meanwhile, increased from 4.0% in January 2025 to 4.3% in January 2026.

The year-over-year Consumer Price Index inflation rate did fall from 3.0% in January 2025 to 2.4% in January 2026, and Trump certainly has some other positive data points to cite. But his story about taking the economy from deceased to scorching is just not supported by the overall numbers.

From CNN’s Daniel Dale

This article will be updated with additional items.

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