President Donald Trump promised a $5,000 payment to every adult American if Republicans retain control of Congress during his speech at the Republican Party’s midterm convention in Dallas on Wednesday.

He termed the payout a "Trump dividend" but provided no details on funding or implementation. The proposal follows earlier suggestions for $2,000 tariff rebate checks, which his Treasury secretary said would require congressional legislation.

Investment Claims vs Data

Trump stated that more than $20 trillion had been invested in the U.S. during his second term, suggesting the figure could reach $25 trillion. The White House has cited $11.2 trillion in major investment announcements.

Federal data showed about $232 billion in new foreign direct investment in 2025. An October CNN review noted that the White House’s tally included vague trade commitments rather than direct U.S. investments.

Inflation and Price Claims

Trump asserted that food prices and "almost every other item" were rapidly falling. While egg prices have dropped significantly from their peak, broader consumer prices continued to rise.

The latest available inflation data for July showed prices rising 3.4% year over year. This is above the 2.9% rate recorded in December 2024 and the 3.0% rate reported in January 2025.

Geopolitical Statements

Trump suggested renaming the Strait of Hormuz the "Trump Strait," stating he "should get something out of" controlling the waterway. Tensions escalated Tuesday as the U.S. military destroyed five Iranian crude oil tankers in retaliation for attempted attacks on an American warship.

He also referenced renaming Lake Ontario "Lake America" following a recent executive order and floated changing New Mexico’s name to "New America." Trump shared a map on Truth Social depicting the U.S. flag stretched across much of North America, including Canada, Mexico, Greenland, Iceland, Cuba, and Jamaica.

President Donald Trump’s social media post depicting Iceland and other nations under the American flag has triggered a diplomatic backlash. Reykjavik summoned the US ambassador on Tuesday to protest the image.

Trump posted the map on Truth Social on Monday, showing the US, Canada, Greenland, Iceland, Mexico, Central America and the Caribbean covered by the US flag and labeled "United States of America." He did not explain the image.

Diplomatic Backlash

Icelandic Foreign Minister Þorgerður Katrín Gunnarsdóttir summoned US Ambassador Billy Long, conveying that the post was "entirely inappropriate," according to Icelandic public broadcaster RÚV.

Gunnarsdóttir later described the message as "absurd" and insulting to Icelanders, Greenlanders and Canadians. She stated, "There is nothing funny or normal about making fun of the sovereignty of states. If this is supposed to be a joke, then it is a bad joke."

The map also drew criticism from Danish Prime Minister Mette Frederiksen, who reiterated Greenland’s opposition to becoming part of the United States. "The Greenlandic government and the Greenlandic people have said again and again that they do not want to be American," Frederiksen said.

Mexican President Claudia Sheinbaum also pushed back, asserting that Mexico "is neither nor will be a colony or protectorate of any foreign country."

Previous Territorial Ambitions

Trump has previously discussed acquiring Greenland and making Canada the 51st state. He has also mentioned reclaiming control of the Panama Canal for economic security reasons.

Earlier this month, Trump renewed his push to bring Greenland under US control, citing national security and the island’s strategic Arctic location. Denmark and Greenland had rejected the proposal, with Frederiksen stating, "Greenland is, of course, not for sale." Greenland Prime Minister Jens-Frederik Nielsen said the island would choose Denmark over the US if forced to pick.

Trump repeatedly suggested that Canada could become the 51st US state, a proposal Canadian leaders consistently rejected. As trade tensions escalated, Trump criticized Canada for wanting "the benefits of being a state, without being one." He previously referred to Prime Minister Mark Carney as the "future Governor of Canada."

Renaming Proposals

On Sunday, Trump suggested renaming New Mexico to "New America." He posted a separate map showing "Mexico" crossed out on the state name and replaced with "America," calling the change more prestigious.

Earlier this month, he proposed renaming the Strait of Hormuz as "Trump Strait." Last month, he renamed Lake Ontario to "Lake America" via executive order. Canadian Prime Minister Mark Carney criticized the move, noting the lake’s Indigenous-origin name predates both countries by more than 400 years.

Trump’s name was also restored to the Kennedy Center, with plans to rename its grounds "President Donald J. Trump Plaza." In July, Palm Beach International Airport was renamed The President Donald J. Trump International Airport.