President Trump said Tuesday that companies are expanding in the U.S. and moving operations that they had sent abroad back into the country because his policies had created "a new tide of new optimism that was sweeping the country."

"Many car companies are now building and expanding plants in the United States, something we haven't seen for decades. Chrysler is moving a major plant from Mexico to Michigan, Toyota and Mazda are opening up a plant in Alabama. Soon, plants will be opening up all over the country. This is all news Americans are unaccustomed to hearing — for many years, companies and jobs were only leaving us. But now they are roaring back, they are coming back. They want to be where the action is. They want to be in the United States of America," he said in his State of the Union address.

Trump added that other companies were investing in the U.S. "Apple has just announced it plans to invest a total of $350 billion in America, and hire another 20,000 workers," he said and added that on Monday, ExxonMobil announced that it will pour $50 billion into expanding operations in the U.S.

Nor is it just the big corporations, he argued. Small business confidence is high and the stock market has gained $8 trillion in value. That has translated into big gains in retirement and pension plans as well as college savings accounts, he argued.

"This is our new American moment," Trump said, adding that there had "never been a better time to start living the American Dream. So to every citizen watching at home tonight — no matter where you've been, or where you come from, this is your time."