Fact-check · Sep 28, 2026 · Donald Trump
“This gentleman who's spending $18,000,000,000 in Iowa”
FALSE
What the record shows
President Trump announced a $15 billion steel plant investment by Mesabi Metallics in Iowa, not $18 billion.
Sources
- Iowa state budget and finances - Ballotpedia
- Iowa Senate Republicans propose $9.6 billion state budget | Iowa State Legislative News | thegazette.com
- Gov. Reynolds Announces Iowa Budget Surplus of $1.83B | Governor Kim Reynolds
- Here's what lawmakers approved in Iowa's $8.9 billion budget and what they cut • Iowa Capital Dispatch
- The Iowa Budget Then and Now – FY26
- Gov. Reynolds, Senate Republicans release joint statement on budget compromise for FY 2026 | Governor Kim Reynolds
From: President Trump Makes an Announcement, Sep. 28, 2026
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