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Trump says US entering ‘golden age’
Trump cited lower oil prices, record investment and employment gains as signs of economic strength.
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IANS - Thu, 02, Jul 2026
- 04:22 EDT
- 27
President Donald Trump / IANS/X/@SpoxCHN_MaoNing
President Donald Trump said the United States had entered a "golden age," citing lower oil prices, record investment and a strong labor market as signs that the country's economy was gaining momentum.
Speaking at the dedication of the Theodore Roosevelt Presidential Library in Medora, North Dakota, on July 2, Trump said falling energy prices would benefit American consumers and businesses.
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"The oil is dropping," Trump said. "I don't give a damn if they're happy or sad, I want the prices to go down. And the oil is dropping like nobody thought possible."
He added that shipping through the Strait of Hormuz had returned to record levels.
"Those boats are coming out of the Hormuz Strait. They're coming out by numbers that nobody ever saw. We're setting records actually."
Trump also said the United States was attracting unprecedented levels of foreign investment.
"We have more money being invested in the United States of America by other countries and people than ever before by many, many times over," he said.
The president also pointed to stock market gains and employment.
"Look at the stock market, every day it's hitting a new high," Trump said.
"We have more people working today than any time in the history of our country."
Trump said his administration had inherited high inflation but argued that prices were now easing.
"We inherited a tremendous inflation problem from Biden," Trump said. "Those prices are all coming down."
Summing up his assessment of the economy, Trump said: "This is just the beginning of the golden age of America."
"And America is going to experience something that I can truly say, I believe the best is yet to come."
The remarks came during a speech primarily focused on Theodore Roosevelt's legacy, although Trump repeatedly highlighted his administration's economic agenda, arguing that lower energy prices, increased investment and job creation reflected renewed confidence in the U.S. economy.
The United States is the world's largest economy and one of India's biggest trading partners. Developments in U.S. growth, financial markets and energy prices are closely watched in India because they influence investment flows, global demand and the cost of imported crude oil, a key driver of India's inflation.
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