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Fact-check · Sep 28, 2026 · Donald Trump

“We currently have $47,000,000,000 in projects announced here. Underway in the steel sector alone.”

TRUE
What the record shows
Steel trade groups credited Trump's tariffs with driving $47 billion in 'announced and underway investment' in the U.S. steel sector as of September 28, 2026.
Sources
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From: President Trump Makes an Announcement, Sep. 28, 2026

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