President Donald Trump celebrated the passage of his One Big Beautiful Bill and touted his plans for the 250th anniversary of our nation’s founding next year with an address at the Iowa State Fairgrounds focused on farmers.
“This bill rescues over two million family farms from the so-called estate tax or the death tax. In other words, before Trump, you were losing farms to the banks,” said Trump. “You pass away, you leave everything to your children, and they have to pay a big estate tax or a death tax as we call it, and they couldn’t do it. They go out and borrow money and all of a sudden the bank is foreclosing on the farm. Not going to happen. You have no more estate tax. You have no more death tax to pay.”
While noting how illegal immigration has dropped to zero, President Trump talked about a plan the administration is developing that would allow farmers to vouch for immigrants who help them. “Some of the farmers, you know, they’ve had people working for them for years, and we’re going to do something,” said Trump. “We’re going to sort of put the farmers in charge and if a farmer’s been with one of these people that worked so hard. If a farmer is willing to vouch for these people…I think we’re going to have to just say that’s going to be good.”
Turning to tariffs and trade deals, President Trump highlighted his deal with the United Kingdom. “I did get beef and I got ethanol into Europe. They didn’t want to do it, you know, they never took our beef and they never took our ethanol and we said you got to do it and they did and they were great. We made a wonderful trade deal with them, but we’re doing that all over,” said Trump. “Just yesterday we reached a historic trade agreement with Vietnam to open their markets to American exports with zero tariffs. They get zero tariffs. And you’re going to be giving them vast amounts of farm product including beef, pork, poultry, dairy, and pure Iowa ethanol…The golden age of America is upon us.”
President Trump also announced plans for the Great American State Fair on the National Mall in July 2026 as part of the celebration of America’s 250th Birthday.
Listen to part of President Trump’s remarks here:
President Trump in Iowa (4:36)