Political speech, timestamped and in context

Donald Trump: “Iran...they have 300%. Almost like 312. I heard inflation.”

Featuring: Donald Trump, Republican | President of the United States | National

President Trump Participates in a Site Visit, Oct. 1, 2026

Published October 1, 2026

Right now they're just about, I believe right after the election we'll win. But maybe before the election because they Iran...they have 300%. Almost like 312. I heard inflation. Think of that. 312% inflation. Meaning their currency is valueless. They have no money. They have no Navy. Their Navy, 159 ships all lying beautifully at the bottom of the sea. (09:12–24:52)

STATEMENT

Asserts that Iran's inflation rate is approximately 312%.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

See the main statements from Donald Trump in this video

“There are more people working in the United States right now than at any time in the history of the United States.”
Asserts record employment levels in the U.S.08:18-08:25
“Our trade deficit with China has plummeted to the lowest level that we've had in 44 years.”
Asserts that the U.S. trade deficit with China is at its lowest in 44 years.20:35-20:41
“Eggs now are cheaper than they were five years ago.”
Asserts that the price of eggs is now cheaper than it was five years ago.24:14-24:19
“Their Navy, 159 ships all lying beautifully at the bottom of the sea.”
Asserts that Iran's Navy, consisting of 159 ships, has been destroyed.25:01-25:07
“Iran is about to have a nuclear weapon. They were three to four weeks away, maybe sooner.”
Claims Iran was three to four weeks away from having a nuclear weapon.28:55-29:01
“Iran hasn't had one ship get through, not one ship in months.”
Claims Iran has not had any ships pass through in months.30:04-30:09
“The ice that was melting, it's right now just set a record. It's the biggest ice cube that's ever been in the history of the world.”
Claims the ice that was melting has now set a record as the largest in history.33:06-33:13
“African American poverty, Hispanic American poverty, Native American poverty are all at the lowest rates in the history of our country by far.”
Asserts that poverty rates for these groups are at historic lows.52:30-52:42
“Texas oil production has reached the highest level in history by far.”
Asserts that Texas oil production is at an all-time high.52:53-52:59
“For the last 17 months, as I said, zero illegal immigrants have crossed into our country.”
Asserts that zero illegal immigrants have crossed into the U.S. in the last 17 months.58:22-58:28
“He [Maduro] emptied his prisons into the United States of America.”
Asserts that Venezuelan prisoners were sent to the U.S.05:04-10:31
“Your policies have made this place so successful. Without your policies, it would be a whole different ball game.”
Asserts that Trump's policies have significantly contributed to the success of the Peterbilt Motor Company.05:08-05:15
“We have the best poverty numbers, the lowest numbers on poverty in the history of our country.”
Asserts record low poverty levels in the U.S.08:26-08:32
“We have the best ever on the subject of individual wealth.”
Asserts record high individual wealth in the U.S.08:39-08:44
“The best stock markets, 81 days out of a short period of a year and a half.”
Asserts record stock market performance over a specific period.08:46-08:51
“We went to war with Venezuela and we lost nobody.”
Asserts no casualties in a military engagement with Venezuela.09:21-09:27
“We took out one of the most evil men in the world.”
Asserts the capture of a significant adversary.09:57-10:01
“The real number was probably 85 or 87 million votes. They gave us credit for 78 or 79.”
Asserts that he received 85 or 87 million votes in the election, but was credited with 78 or 79 million.14:56-15:03
“We are 77. Think of it. They have 77 counties in Oklahoma, and we won all 77, all three times.”
Asserts that he won all 77 counties in Oklahoma in three elections.17:04-17:12
“Every other president for decades let other nations flood our markets with shoddy and substandard foreign goods.”
Asserts that previous presidents allowed foreign goods to flood U.S. markets, harming American manufacturing.17:35-17:42
“Upon taking office, I immediately placed my favorite word...tariff.”
Asserts that he implemented tariffs immediately upon taking office.17:54-18:05
“We have more factories being built. Like, you're doing so well. They're doing well. Better than anybody in the history of our country.”
Asserts that more factories are being built than ever before in U.S. history.18:50-18:59
“Manufacturing is coming back. Remember, Barack Hussein Obama said, manufacturing will never come back to America.”
Asserts that manufacturing is returning to the U.S., contrary to Obama's statement.19:01-19:08
“Thanks to our strong tariff policy this year, American exports have surged to the highest level in history.”
Asserts that American exports have reached the highest level in history due to tariff policy.20:25-20:34
“Wages for manufacturing workers are up by nearly, almost close to $4,000 since I took office.”
Asserts that manufacturing worker wages have increased by nearly $4,000 since Trump took office.21:10-21:17
“The United States has added 60,000 new manufacturing jobs [this year].”
Asserts that 60,000 new manufacturing jobs have been added in the U.S. this year.21:17-21:23
“Heavy truck manufacturing is almost up by about, what, 31% or something.”
Asserts that heavy truck manufacturing has increased by approximately 31%.21:22-21:29
“Heavy truck shipments have hit an all-time high, the highest in the history of our country under the Trump administration.”
Asserts that heavy truck shipments have reached an all-time high under the Trump administration.21:29-21:37
“Gasoline is lower than it was with Biden.”
Asserts that gasoline prices are lower now than they were under Biden.24:22-24:27
“We took over Venezuela...it was 48 minutes.”
Asserts that the U.S. took over Venezuela in 48 minutes.27:41-27:49
“We lost no soldiers and we took over. Tremendous wealth we are sending millions and millions of barrels of oil to Houston and other places.”
Asserts no soldiers were lost and millions of barrels of oil are being sent to Houston and other places.28:09-28:20
“Oil would go to 300, $400 a barrel. Well, today it's at 90.”
Asserts oil prices were predicted to rise to $300-$400 but are currently at $90.29:49-29:55
“The planet got cooler.”
Asserts that the planet has cooled.33:04-33:06
“I ended the radical Democrat Green scam and I also terminated sleepy Joe Biden's disastrous fuel emissions standards.”
Claims to have ended certain environmental policies and fuel emissions standards.35:16-35:25
“We have more fuel than any country in the world.”
Asserts that the United States has the largest fuel reserves globally.35:49-35:54
“If you add Venezuela, we'll have 58% of the fuel in the world.”
Claims that including Venezuela's reserves, the U.S. would control 58% of global fuel.35:53-35:58
“We're rolling back a horrible thing, the nitrogen oxide regulation.”
Claims to be reversing nitrogen oxide regulations affecting the trucking industry.37:06-37:12
“This action alone will cut an estimated $6,000 from the cost of each truck built.”
Claims that reversing regulations will reduce truck manufacturing costs by $6,000.37:37-37:43
“I think maybe [Ken Paxton is] the best Attorney general of the whole United States of America.”
Asserts that Ken Paxton is possibly the best Attorney General in the U.S.43:21-43:26
“Dinesh, you know, Dinesh, Dinesh Dasu is a very good guy, conservative guy, loves his country, was persecuted.”
Asserts that Dinesh Dasu was persecuted.46:36-46:45
“Roger Williams, he was unfortunately practicing for a baseball game when that lunatic shooter came, and he ended up hitting Steve Scalise pretty hard.”
Asserts that Roger Williams was present during the shooting incident involving Steve Scalise.47:44-47:55
“Our country is now going through the golden age.”
Asserts that the current period is exceptionally prosperous.51:55-51:58
“Real median household incomes are at the highest level ever.”
Asserts that household incomes have reached a record high.52:21-52:26
“The poverty rate is at the record low, the lowest rate ever.”
Asserts that the poverty rate is at its lowest in history.52:27-52:31
“We passed the largest tax cuts in history, and that includes no tax on tips, no tax on overtime.”
Asserts that his administration passed the largest tax cuts in history, including no tax on tips and overtime.57:36-57:44
“No tax on Social Security for our great seniors.”
Asserts that there is no tax on Social Security for seniors.57:58-58:01
“We made interest payments on auto loans fully tax deductible. First time it's ever happened.”
Asserts that interest payments on auto loans are fully tax deductible for the first time.58:04-58:11
“When I took office, we inherited the worst border in American history. And now we have the strongest border in our country's history.”
Asserts that the U.S. border was the worst in history when he took office and is now the strongest.58:15-58:22
“Every single Democrat in Congress voted against our massive tax cuts.”
Asserts that all Democrats in Congress voted against his administration's tax cuts.58:34-58:40
“They voted against unleashing Texas oil and gas.”
Asserts that Democrats voted against policies to support Texas oil and gas.59:01-59:05
“They voted against strong tariffs to protect car and truck manufacturing in our country.”
Asserts that Democrats voted against tariffs to protect U.S. car and truck manufacturing.59:05-59:11
“They voted against border security for Texas.”
Asserts that Democrats voted against border security measures for Texas.59:18-59:23