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Donald Trump: “We're getting $550 billion. And to be exact, it's 90% of…”

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

President Trump Unveils AI Action Plan and Trade Deals at Washington D.C. Forum

Published July 22, 2025 | Video Starts at 02:26

And we will pay a zero tariff as we do business in Japan. So we're paying zero, they're paying 15. We're getting $550 billion. And to be exact, it's 90% of that. But we control the whole lot of it. And it's really been great. And they're very happy. And their stock market went up and our stock market went up. (02:26–02:33)

CLAIM

Asserts that the U.S. is receiving 90% of the $550 billion from the trade deal.

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.

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Donald Trump

“We got a $550 billion signing bonus for the country.”
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“We just made a deal with the European Union where they're going to pay the United States of America 100% of the cost of all military…”
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“They agreed to go from 2% to 5% [in NATO spending].”
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“Earlier this month we also enacted the largest tax cuts in American history.”
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“China's using it. They're building now 57 big power plants, all fueled by coal.”
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“Under the last year of Biden, China added 11 times as much power generation capacity as did the United States.”
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“Meta, Amazon, Google, Microsoft are all investing $320 billion or more in data centers and AI infrastructure this year.”
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“Nvidia has committed $500 billion over the next four years.”
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“20 companies announced $92 billion in energy and data center projects, including the largest natural gas power plant in North America.”
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“We've just concluded our big trade deal with Japan and numerous other countries.”
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“We had the tariff at 25%, as you know. We had a tariff at 25%.”
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“We agreed to reduce it to 15 based on the fact that Japan has agreed for the first time ever to open up its country to trade.”
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“We will pay a zero tariff as we do business in Japan.”
President Trump Unveils AI Action Plan and Trade Deals at Washington D.C. Forum | Uploaded July 22, 2025 | 02:21-02:26
“We've made numerous other deals like that.”
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“We've offered such a deal to the European Union, where we're in serious negotiations.”
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“We also made a deal yesterday with the Philippines and Indonesia, which in both cases will be opening up their country.”
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“We're in the process of completing our deal with China.”
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“America is taking in hundreds of billions of dollars like it never has before.”
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“Investments into our country at the highest point ever in history.”
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“They're saying we had the greatest six months that a president has ever had.”
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“We're down to $64 [for energy production costs].”
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“We have more energy than anybody else in the world.”
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“We're making incredible deals on energy, including deals in Alaska.”
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“You're going to build your own electric producing plants.”
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“They're moving into our country because of the tariffs.”
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“America is the country that started the AI race.”
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“As President of the United States, I'm here today to declare that America is going to win [the AI race].”
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“It'll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence.”
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“Right now we're leading China very substantially [in AI].”
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“We also have to have a single federal standard, not 50 different states regulating this industry of the future.”
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“I just terminated all of the California car emissions rules, which were a disaster.”
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“It cost them just billions of dollars as an industry, but thousands of dollars per car.”
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“Under this administration, our innovation will be unmatched and our capabilities will be unrivaled.”
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“Winning this competition will be a test of our capacities unlike anything since the dawn of the space age.”
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“Many of our largest tech companies have reaped the blessings of American freedom, while Building their factories in China, hiring workers in…”
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“Under President Trump, those days are over. We need US Technology companies to be all in for America.”
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“Today we're releasing the White House AI Action Plan.”
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“My administration will use every tool at our disposal to ensure that the United States can build and maintain the largest, most powerful and…”
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“One of the things that this bill does is it extends the first tax cuts and makes them permanent.”
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“On day one, I terminated the Green News scam.”
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“We have more coal than any, we have more anything in terms of energy than anybody.”
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“In May, I also signed an executive order to rapidly begin construction of safe, reliable nuclear reactors.”
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“I will sign a sweeping executive order to fast track federal permitting, streamline reviews and expedite construction of all major AI…”
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“Upon taking office, I repealed the so-called Biden Diffusion rule that crippled American AI exports.”
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“Under my administration, we will maintain necessary protections for our national security.”
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“We're going to come home with trillions and trillions of dollars in deals.”
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“Today, Mr. President, you have the hottest country anywhere in the world.”
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“We made the deal where they pay 5% instead of 2%.”
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“Today I'm signing another major executive order that will turn America into an AI export powerhouse.”
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“One of Biden's worst executive orders established toxic diversity, equity and inclusion ideology as a guiding principle of American AI…”
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“I very proudly terminated Joe Biden's order on woke AI effective immediately.”
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“I will be signing an order banning the federal government from procuring AI technology that has been infused with partisan bias or…”
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“We are not going to allow men to play in women's sports.”
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“The last administration was eager to regulate and restrict AI to limit this technology to just a few large companies.”
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“Joe Biden had a plan to lose the AI race.”
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“This is a nation that invented the light bulb, the telegraph, the television, the telephone, the computer chip, the smartphone, the GPS, the…”
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“Americans were the first to fly a plane, first to harness the atom, and first to plant our flag on the moon.”
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“We mastered the industrial age, we created the digital age, and now we are leading the world into the golden age.”
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