Trump Celebrates Economic Revival as Global Investment Surges

By Michael Katz | Tuesday, June 23, 2026

President Donald Trump shifted his focus to the economy during his first public rally since the U.S. and Iran signed a memorandum of understanding last week to halt hostilities in the Middle East and negotiate a permanent deal.

Trump toured a Mack Trucks facility in Macungie, Pennsylvania, before delivering a speech touting the economic accomplishments of his second term. He described the economy as rebounding after inflation spiked following the start of the conflict with Iran on February 28.

“A short time ago, we were a dead country,” Trump said from the factory floor, with rows of workers in fluorescent safety vests standing behind him beneath a large “America Workers First” banner.

He noted that international leaders had previously described the United States as a dead country two years ago. “The king of Saudi Arabia said it two years ago. I was over there,” he stated. Trump added that the U.S. has since become “the hottest country anywhere in the world.”

Trump reported that Qatar, the United Arab Emirates, and other countries were committing investments in the United States totaling approximately $2 trillion. “Bahrain is investing, Kuwait is investing, but countries from all over the world are all investing in the United States,” he said.

“The stock market hit a new high today again. And oil for the first time in months hit — think of it — $70 a barrel,” Trump stated.

Trump also criticized Democrats, calling them increasingly left-leaning and accusing them of supporting policies such as allowing transgender athletes to compete in girls’ and women’s sports and opposing the Safeguard American Voter Eligibility Act. He urged supporters to vote for Republican Congressman Ryan Mackenzie in Pennsylvania’s 7th Congressional District, where he faces Democrat challenger Bob Brooks.

He added: “Two years ago, they wouldn’t even think of it. They thought we were finished.”

Michael Katz is a Newsmax reporter with more than 30 years of experience reporting and editing on news, culture, and politics.