![\"President](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/P20260113DT-0856.jpg\")
<\/p>\nToday, President Donald J. Trump returned to Michigan to underscore the progress made in revitalizing our economy, celebrate the resurgence of the American auto industry, and chart the path forward to deliver continued relief to American families.<\/p>\n
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President Trump heralded the economic revival after one year back in office.<\/p>\n
\u201cAfter less than 12 months in office, I\u2019m back in Michigan to report to you on the strongest and fastest economic turnaround in our country\u2019s history.\u201d (Watch<\/a>)<\/p>\n \u201cBiden gave us a colossal stagflation catastrophe, but my Administration has rapidly and very decisively ended that. We have quickly achieved the exact opposite of stagflation \u2014 almost no inflation and super high growth.\u201d (Watch<\/a>)<\/p>\n \u201cAfter real wages plummeted by $3,000 under Sleepy Joe Biden, real wages are up by $1,300 in less than one year under President Trump.\u201d (Watch<\/a>)<\/p>\n \u201cWe have gas stations in the Detroit area where you can fill up for less than $2.30 a gallon \u2014 whereas two years ago, it was $4.50.\u201d (Watch<\/a>)<\/p>\n \u201cThe stock market is now the highest in history\u2026 boosting 401(k)s and retirement accounts for millions and millions of Americans.\u201d (Watch<\/a>)<\/p>\n \u201cThe Trump Tariffs have delivered us trillions of dollars of new investment\u2026 They brought hundreds of billions of dollars pouring into the United States Treasury, helped curb inflation, and helped cut the federal budget deficit by a staggering 27%.\u201d (Watch<\/a>)<\/p>\n \u201cUnder Biden, we had the highest trade deficit ever recorded \u2014 losing more than $1 trillion every single year\u2026 We\u2019ve slashed that gaping trade deficit by, in a short period of time, 62%.\u201d (Watch<\/a>)<\/p>\n \u201cJust as I promised you, I\u2019ve imposed a 25% tariff on all foreign automobiles\u2026 U.S. auto factories are now seeing more than $70 billion of new investment.\u201d (Watch<\/a>)<\/p>\n President Trump laid out bold new plans to ensure all Americans feel the benefits of the Trump Economy.<\/p>\n \u201cNext week, I\u2019m going to provide much more detail about our housing policies so that every American who wants to own a home will be able to afford one\u2026 This will include a ban on large institutional investors buying up single-family homes all over the country\u2026 I\u2019ve also announced that the U.S. government is purchasing $200 billion dollars of mortgage bonds to bring down mortgage rates.\u201d\u00a0(Watch<\/a>)<\/p>\n \u201cI proudly called for credit card companies to cap interest rates at 10% for one year because they\u2019re getting 28% and 30% and 30% \u2014 and it\u2019s unfair. The rates are way too high.\u201d (Watch<\/a>)<\/p>\n \u201cTo provide further relief to hardworking Americans, we will also be confronting one of the biggest factors in driving up prices \u2014 the monstrosity known as the Unaffordable Care Act\u2026 Later this week, I\u2019ll announce our healthcare affordability framework that will reduce premiums for millions.\u201d (Watch<\/a>)<\/p>\n President Trump toured the manufacturing home of Ford\u2019s iconic F-150 truck in Dearborn.<\/p>\n Workers erupted in applause<\/a> and showed off<\/a> the plant\u2019s booming production as company leaders confirmed the positive impact of President Trump\u2019s agenda:<\/p>\n Ford CEO Jim Farley<\/a>: \u201cWe\u2019re adding a combustion truck, an affordable one, in Tennessee\u2026 That\u2019s what these policies are doing for Ford. We\u2019re going to actually expand one of our existing plants and make a different kind of truck there.\u201d<\/p>\n Ford Executive Chairman Bill Ford<\/a>: \u201cWe have a great relationship with the President and his whole staff. They\u2019ve been great to work with for us. He, personally, is incredibly responsive every time we need something or call \u2014 and we very much appreciate it. We couldn\u2019t be more excited. We\u2019re adding market share. We\u2019re growing as a company. We\u2019re adding jobs\u2026\u201d<\/p>\n President Trump addressed the Minnesota Somali Fraud Scandal.<\/p>\n \u201cAnother urgent priority for bringing down the cost of living is to stop the colossal fraud that is bleeding American taxpayers absolutely dry\u2026 Our country has been losing over half a trillion dollars to fraud every single year, but those days are over.\u201d (Watch<\/a>)<\/p>\n \u201cI\u2019m creating a brand-new division at the Department of Justice \u2014 a legal strike force led by a really tough, smart, new [assistant] attorney general for fraud\u2026 We intend to imprison any fraudster, politician, or public official involved in these sick plots to loot and pillage our country.\u201d (Watch<\/a>)<\/p>\n \u201cWe\u2019re also going to revoke the citizenship of any naturalized immigrant \u2014 from Somalia or anywhere else \u2014 who is convicted of defrauding our citizens.\u201d (Watch<\/a>)<\/p>\n \u201cWe\u2019ve frozen all children\u2019s payments to those states\u2026 We will now require proof of attendance in order to receive federal funding for childcare\u2026 Additionally, from this moment forward, if you\u2019re on public assistance, like almost all Somalis are\u2026 You can\u2019t wire money out of the country back to your bank account from where you came.\u201d (Watch<\/a>)<\/p>\n \u201cStarting February 1, we\u2019re not making any payments to \u2018sanctuary\u2019 cities or states having \u2018sanctuary\u2019 cities because they do everything possible to protect criminals at the expense of American citizens \u2014 and it breeds fraud and crime and all of the other problems that come.\u201d (Watch<\/a>)<\/p>\n![\"President](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/P20260113DT-0562.jpg\")
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