Trump admits he can’t tell if the GOP will keep the House despite massive investment pledges

In an interview with Wall Street Journal In an article published late Saturday, he referred to the huge investment pledges he has received since returning to the White House.

But when asked whether Republicans would lose control of the House of Representatives in next year’s midterm elections, Trump replied: “I can’t tell you. I don’t know when all this money will flow,” adding that the forecast points to the second quarter.

Trump has previously touted the flow of up to $21 trillion in investments into the United States, although recent commitments do not come close to adding to those levels.

However, under the trade agreements negotiated by Trump, the European Union pledged to invest $600 billion, Japan $550 billion, and South Korea $350 billion. Separately, Saudi Arabia promised $1 trillion. The companies have also announced plans to invest hundreds of billions of dollars, though some of that includes money planned during the Biden administration.

While the timing of all this money is uncertain, let alone how much will actually be spent, companies have expressed the need to diversify their supply chains with more local production. Apple said its $600 billion pledge to build U.S. factories will create a “domino effect” that ignites manufacturing across the country.

At the same time, Wall Street expects Trump’s tax cuts under the Big Beautiful bill to deliver a big jolt of fiscal stimulus to the economy next year, which could accelerate GDP growth.

This will come after voters in last month’s off-year election made clear that affordability was their top priority. Inflation has slowed from its highs in 2022, but prices are up sharply from pre-pandemic levels, and consumers are revolting over rising insurance, electricity and grocery bills. Even most Trump voters say the cost of living is bad.

Trump dismissed the affordability issue as a Democratic “hoax” and insisted on lower prices. And he said to magazine It will lower prices.

“I think by the time we have to talk about the election, which will be in a few more months, I think our rates are in good shape,” Trump said.

He added: “You have created the greatest economy in history. But it may take people some time to understand all these things.” “All this money flowing into our country is being used to build things right now — car factories, artificial intelligence, a lot of things. I can’t tell you how that will equate to the voter. All I can do is do my job.”

Trump has floated some ideas to appease voters on affordability, including a 50-year mortgage to lower monthly payments and $2,000 “dividend” checks. He also continues to pressure the Fed to lower interest rates, even though that could worsen inflation, and rolled back tariffs on some food imports.

In his interview with magazineTrump did not say whether he would reduce tariffs on other goods. He also warned that if the Supreme Court struck down his global tariffs, his replacements would be “neither smart nor fast.”

Trump added: “I can do other things, but it’s not that fast. It’s not good for national security.”