Trump's $17 Trillion New Investments Claim 'Clearly' Not True, Says Peter Schiff: GDP Growth Would 'Explode by Roughly 50%' If Factual

Core Viewpoint - Economist Peter Schiff challenges President Trump's assertion of $17 trillion in new investments in the U.S. economy, labeling it as unrealistic and mathematically implausible [2][5]. Group 1: Investment Claims - Trump claims that an unprecedented $17 trillion will be invested in the U.S. over the next year, attributing this to the strength of the current economy [2][4]. - Schiff argues that if such an investment were true, it would result in a 50% increase in GDP, given the current U.S. GDP of $30.354 trillion [2][5]. Group 2: Economic Implications - Schiff highlights that such massive capital inflows would cause the U.S. Dollar to "skyrocket," indicating significant economic repercussions [3]. - The claim is further scrutinized by journalist Aaron Rupar, who emphasizes that the entire U.S. GDP is approximately $30 trillion, questioning the feasibility of Trump's statement [5]. Group 3: Context of Tariffs - Trump draws a comparison between his investment claims and the Biden administration's record of $250 billion in investments during its last year, suggesting that tariffs could impact future investments [4].