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President Trump holds a Cabinet meeting and takes questions from reporters.

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Transcript
00:00:00We have a little more room over here.
00:00:30Thank you very much.
00:00:35We had a very good meeting.
00:00:37We're talking about a lot of different things.
00:00:40Consumer prices have actually dropped.
00:00:43There's very little inflation.
00:00:45Everybody predicted a lot of inflation,
00:00:47very little inflation.
00:00:49Energy costs are down.
00:00:51Interest rates are probably down.
00:00:53They scatter, but they're probably down.
00:00:57Prescription drug prices are even to down.
00:01:01We're doing very well.
00:01:02It's been amazing.
00:01:03We had a big day yesterday.
00:01:05There will always be transition difficulty,
00:01:08but we had a — in history,
00:01:11it was the biggest day in history, the markets.
00:01:14So we're very happy with the way the country is running.
00:01:18We're trying to get the world to treat us fairly.
00:01:23This is something that should have been done 25 years ago,
00:01:26when it wasn't.
00:01:27It should have been done 40 years ago when it wasn't.
00:01:30But no President was willing to take it on.
00:01:33But you had to.
00:01:34It's not sustainable.
00:01:35It wasn't sustainable.
00:01:36And as you know, without a lot of money being added —
00:01:41because there's a lot of money that we could add —
00:01:43the country is making approximately $2 billion a day.
00:01:48And when you think of it, that's — we've never done that before.
00:01:53Never come close to it.
00:01:55And the number is probably $3.5 billion a day.
00:02:01And that makes us a very strong country.
00:02:05But we have Scott here and Howard and some of the people that are working on deals.
00:02:12And the biggest problem they have is they don't have enough time in the day.
00:02:15Everybody wants to come and make a deal.
00:02:17And we're working with a lot of different countries.
00:02:20And it's all going to work out very well.
00:02:22I think it's going to work out really very well.
00:02:24But we're in good shape.
00:02:26There's no inflation.
00:02:27There's very little inflation.
00:02:29And I went four years without inflation.
00:02:32And I tariffed.
00:02:33I took in hundreds of billions of dollars from China —
00:02:36and others — taxes in China.
00:02:38But we took in hundreds of billions of dollars a year from China.
00:02:43And we had no inflation, essentially.
00:02:46So we think we're in very good shape.
00:02:49We think we're doing very well.
00:02:51Again, there'll be a transition cost and transition problems.
00:02:57But in the end, it's going to be a beautiful thing.
00:03:00We're doing, again, what we should have done.
00:03:03Many years ago, we let it get out of control.
00:03:08And we allowed some countries to get very big and very rich at our expense.
00:03:14And we're not going to — can't let that happen.
00:03:17It's not a sustainable formula.
00:03:19So I wanted to just thank everybody at the table.
00:03:22And maybe I'll go around and ask some of you a little short couple of answers.
00:03:28Pete just got back from Panama.
00:03:30And he's been all over the place.
00:03:32And you want to give us a little report on that?
00:03:34And whatever else you might have to say.
00:03:36Everyone at this table is doing an incredible job, by the way, I have to say.
00:03:40Incredible.
00:03:41Incredible.
00:03:42And the relationships are — it's like they're friends.
00:03:46They're really — the relationships are very strong — really good and really strong.
00:03:51And these meetings are very good.
00:03:52And I think, you know, having — I don't believe there's any other president that allowed the press to come into a meeting such as this.
00:04:00These are very sacred meetings.
00:04:02These are very private meetings.
00:04:04But we have nothing to hide.
00:04:06And I think it's good.
00:04:08I think it's a good — we want to be — a word you like to use, Jeff, is transparent.
00:04:13So we want to be transparent.
00:04:15And we'll do that by starting with Pete.
00:04:17Go ahead, Pete.
00:04:18Yes, Mr. President.
00:04:19We just got back from Panama last night.
00:04:22We were at the Panama Canal with their self-comm commander ships, F-18s, troops, and signed a couple of historic deals.
00:04:29One which is with the Panama Canal Authority, a framework for U.S. vessels, first and free through the Panama Canal.
00:04:38And then also a memorandum of understanding with their security minister for the presence of U.S. troops.
00:04:46Fort Sherman — it's an old U.S. base there — as well as their naval station and air station,
00:04:51jointly with Panama to secure the Panama Canal from Chinese influence.
00:04:55That's something — you said, we're taking back the canal.
00:04:58China's had too much influence.
00:05:00Obama and others let them creep in.
00:05:03We, along with Panama, are pushing them out, sir.
00:05:06And so we had a very successful trip there.
00:05:07President, President Molino, sends his regards — very complimentary of the U.S.
00:05:13He's a great ally.
00:05:14And I think he — they want the Communist Chinese out.
00:05:17And with our troops there partnering with their forces, we've got a chance to push them all the way out, sir.
00:05:23We've moved a lot of troops to Panama and filled up some areas that we used to have.
00:05:30And we didn't have any longer, but we have them now.
00:05:33And I think it's in very good control, right?
00:05:35Yes, sir.
00:05:36Okay.
00:05:37Thank you, Peter.
00:05:38Very good.
00:05:39Howard?
00:05:40So we've — have so many countries to talk to.
00:05:44It is — it's incredible.
00:05:47I think Scott and I — I'm not sure we could ever have enough time in the day to talk to all these countries,
00:05:52because they want to talk and they want to talk now.
00:05:54And they have come with offers that they never, ever, ever would have come with,
00:06:00but for the moves that the President has made, demanding that people treat the United States with respect.
00:06:07We're getting the respect we deserve now.
00:06:09And I think you're going to see historic deals one after the other.
00:06:13And then I'm very excited that within a week and a half we're going to start with the gold card.
00:06:18And the Trump card is coming out, and we're very excited about that.
00:06:22And that's coming soon.
00:06:24So very exciting.
00:06:25Good.
00:06:26Thank you very much.
00:06:27Good job.
00:06:28Linda?
00:06:29Well, on a couple of fronts, we have been addressing the issue of anti-Semitism on campuses.
00:06:35There's been some grant funding and contract funding that we've reviewed and some canceled
00:06:41and some we've put on hold, waiting for that, while we do an investigation.
00:06:46On the other side of what my responsibilities are in having education go back to the states,
00:06:53we're meeting and talking with governors.
00:06:54I was with, this week, all 50 commissioners of education around the country.
00:07:01And because we also want to provide them with tools and best practices,
00:07:05as education does move back to the states.
00:07:07Making great progress, great response from the states, and very positive.
00:07:11And what about colleges?
00:07:13You're holding back 400 million from Columbia.
00:07:17From Columbia.
00:07:18Eight billion from Harvard.
00:07:19Can you imagine the money we pay Harvard?
00:07:21They have a $60 billion fund, and we're giving them $8 billion.
00:07:25And we're trying to figure that out.
00:07:26And then they hire de Blasio, the worst mayor in the history of New York.
00:07:31And they hire the woman from Chicago, who was a disaster.
00:07:34Total disaster.
00:07:35And they pay them massive salaries, and they're supposed to be teaching you government.
00:07:41That's not Harvard.
00:07:42That's not Harvard the way it used to be.
00:07:44So, do you have anything to say about that?
00:07:46The dollars you're holding back from quite a few universities that were not behaving.
00:07:52Yeah, and the other, you have some Princeton, Cornell, others that are coming in.
00:07:57And they're actually getting calls now from the presidents of the universities who really
00:08:01do want to come in and sit down and have discussions.
00:08:05And so, we're investigating them.
00:08:07But in the meantime, we're holding back the grant and the fund money.
00:08:11Great job.
00:08:13Great job.
00:08:15Very thankful for the House voting for the president's budget resolution along with the
00:08:20Senate bill.
00:08:21We made a ton of progress this week in working with members to ensure that a desire for flexibility
00:08:28in the Senate was not misconstrued as a desire not to slow and do spending reforms.
00:08:33And so, we're very thankful for that.
00:08:35And now, we can get after writing that bill, getting the president as big a package of his agenda
00:08:41to his desk.
00:08:42So, very good week.
00:08:43We just got the House vote.
00:08:46And now, we're well on our way to getting, as we call it, the big, the great, big, beautiful
00:08:52bill.
00:08:53It's a beauty.
00:08:54There's never been a bill like this one.
00:08:55We're trying to get it all into one beautiful bill.
00:08:58It's tax cuts, regulation cuts, and many other things.
00:09:02The border.
00:09:03A lot of money for the border.
00:09:05You're doing a fantastic job.
00:09:08So, but we just got a report that we, as you know, you knew before us.
00:09:14Were you surprised we got the vote?
00:09:16We got the vote.
00:09:17And we're happy to get the vote.
00:09:19So, I think we're going to be in very good shape.
00:09:22Okay.
00:09:23Please.
00:09:24Mr. President, last year, the Chinese received 1,700 orders for new ships.
00:09:31American shipyards received five.
00:09:33Under your leadership, like so many other industries, we are going to revitalize and make shipbuilding
00:09:38and maritime great again with these blue-collar jobs.
00:09:42These are the cranes, the ports, opportunity zones, and drive that investment back in.
00:09:48We have, under that executive order, and also one to streamline foreign military sales for
00:09:55people that want to buy our equipment and, of course, acquisition reform.
00:09:58All just this week, under your leadership, Mr. President.
00:10:01So, we're going to be rebuilding our shipbuilding business.
00:10:05We may order, we'd have to go to Congress for this, but we may buy some ships from other countries
00:10:11that we're close to and that do great jobs with ships.
00:10:15But we're going to start the process of rebuilding.
00:10:18We don't really essentially build ships anymore, which is ridiculous.
00:10:23It's going to be a very big business for us in the not-too-distant future.
00:10:27But in the meantime, we have countries that do very well at building ships, and we'll be dealing with those countries.
00:10:36And we may be ordering top-of-the-line ships from those countries.
00:10:41And within a fairly short period of time, we'll be building our own ships.
00:10:46So, we'll probably have to go to Congress for that.
00:10:50But we'll have no — we're not going to have a problem.
00:10:53Susie, thank you very much for the job you've done.
00:10:55Go ahead, please.
00:10:56I just wanted to make sure you know that this Cabinet, I think, pretty uniquely collaborates
00:11:01and cooperates and works together to accomplish all that you've asked them to do.
00:11:06And I think they deserve a lot of credit from that.
00:11:09That's true.
00:11:11You're doing a great job.
00:11:12The Chief.
00:11:13Chief of Staff.
00:11:14You're doing a great job.
00:11:16Lee, go ahead.
00:11:17Mr. President, the Biden EPA was strangulating the economy.
00:11:21The Trump EPA understands it's not a binary choice.
00:11:24We can protect the environment and grow the economy.
00:11:27Working with Doge and Elon Musk, we've now canceled $22 billion worth of grants.
00:11:34And we have launched what is the largest deregulatory action in the history of the country.
00:11:39Just in one agency.
00:11:40That's how much of a mess the Biden EPA left us.
00:11:43It is going to end up reducing the cost of living.
00:11:46It's going to create jobs.
00:11:47It's going to make it easier to purchase a car.
00:11:49It will be easier to heat your home.
00:11:51We're proud of this effort.
00:11:54The effort that we have is fulfilling the mandate that you earned from the American public.
00:12:00Clean air, land and water for all Americans.
00:12:02Unleashing energy dominance.
00:12:04Permanent reform.
00:12:05Advancing cooperative federalism.
00:12:07Making America the AI capital of the world.
00:12:09And bringing back American auto jobs.
00:12:11When you called me that day asking for me to take this position, I was honored.
00:12:16And you were very specific and clear in what you wanted us to accomplish.
00:12:20We understand our mission.
00:12:22And at the Trump EPA, we're going to make you proud.
00:12:26Great job.
00:12:27You're doing a great job.
00:12:28And you have a lot of applications for approvals for power plants, which are going to really
00:12:33power the regular plants.
00:12:35And they're going to be right next to each other.
00:12:38Because we can't rely on our grid.
00:12:40It's old and it's tired.
00:12:42And it's, you know, very, very subject to being attacked, whether by rain or by bombs or
00:12:50by anything else.
00:12:51And we're letting people build their own power plants.
00:12:54And these are a lot of them being built with the AI and beyond the AI chips.
00:13:00And we're letting them build their own power.
00:13:03And never been done before.
00:13:05And we're going to get it done quickly and approved quickly as part of a plant.
00:13:08They'll have a sort of be their own power company.
00:13:12And it's very exciting.
00:13:13They couldn't believe it when I told them that.
00:13:15I said, we're going to get you the approvals very fast as part of your regular plant.
00:13:19You're going to build electric producing plants.
00:13:21And it's very exciting.
00:13:23And they're able to do it very quickly and very well.
00:13:27And you made it possible.
00:13:30You have a lot of applications for some of the biggest plants that have ever been built in the world.
00:13:36These are serious plants, aren't they?
00:13:39Approved.
00:13:40Approved.
00:13:41Approved.
00:13:43We are hoping for business.
00:13:45Working with Secretary Burgum, Secretary Wright.
00:13:47We are going to make you proud.
00:13:49Sean?
00:13:50First off, Mr. President, it's Brooke's birthday today.
00:13:53So happy birthday to Brooke.
00:13:58I want to thank you as well for the shipbuilding at EO.
00:14:01Again, to build ships, you also need mariners to sail those ships.
00:14:04I was just up at King's Point for the Merchant Marine Academy a couple days ago.
00:14:10And we have some of the greatest young men and women who are learning how to be mechanical engineers,
00:14:15to rebuild and fix the engines on those ships, but also how to sail ships.
00:14:20I would tell you that over the past decades, this academy has become – it needs some love.
00:14:26It's been a little bit dilapidated.
00:14:29We have to invest in sailors.
00:14:31And I appreciate you taking the initiative.
00:14:33To be a global power, we have to build ships and have sailors to sail those ships.
00:14:37These are the very people that help Pete should we come into points of crisis to support the military.
00:14:41So thank you for that.
00:14:43Number two, the last administration announced 3,200 projects, big, beautiful roads and bridges.
00:14:50Most of them are good.
00:14:52But they announced that they didn't sign a grant agreement.
00:14:543,200.
00:14:55So the money doesn't go out the door to build the infrastructure in the country.
00:14:59And it's fun to do an announcement.
00:15:02It's actually the harder work to put together these grant agreements.
00:15:05So we're doing the work right now at DOT to get these grant agreements done and build the projects.
00:15:10Most of them are good.
00:15:11And they also put in all of this green and social justice requirements on roads and bridges.
00:15:16We're pulling all that out and putting the money toward the infrastructure,
00:15:21not the social movement from the last administration.
00:15:24Good steel.
00:15:25Right?
00:15:26As opposed to green paper mache.
00:15:29Thanks.
00:15:32Great job.
00:15:34So first, we are, I would say, more than friends.
00:15:39We've all become family.
00:15:40And I think that what you have assembled in your vision is a turning point and an inflection point in American history.
00:15:48And so just being a part of that is the greatest honor.
00:15:51So thank you for that.
00:15:53And again, just the relationships here and the honor and respect we have for each other is a reflection of you and your leadership.
00:15:59So I just wanted to say that first.
00:16:01The second thing I want to say is that on behalf of the farmers and ranchers, food security is national security.
00:16:07We have to be able to feed ourselves and your idea of using tariffs along with deregulation and tax cuts.
00:16:15But your idea of using tariffs to ensure that we are putting forward and putting America first.
00:16:20No one understands that better than our farmers and our ranchers.
00:16:23But having said that, emerging from four years of Biden with a 30 percent increase in inputs for our farmers and ranchers with an almost $50 billion trade deficit.
00:16:34When we left the first time, it was zero, meaning that they are hurting.
00:16:38So the period of uncertainty we're in, they know that your vision will move us into an age of prosperity for all Americans, but for my people, for the farmers and ranchers, unlike any they have seen before.
00:16:53And I think they are really, really excited and so grateful for your leadership.
00:16:57But also, you have never failed to say that you have the backs of our farmers and our ranchers.
00:17:04It was the first phone call that I had after I was voted with the Senate.
00:17:08And that message just resonates with an almost 85 percent support of you in the last election there with you.
00:17:14Interestingly, the biggest budget driver at the United States Department of Agriculture is not farming and ranching or agriculture.
00:17:21It's food stamps.
00:17:23And so as we emerge and embark, Secretary Kennedy and I, on your vision of making America healthy again,
00:17:30a massive part of that is realigning and reworking our food stamp program so that it better serves those who need it.
00:17:38And yeah, to the point of getting the transgender DEI Green New Deal out of the USDA and realigning is really important.
00:17:48It's out of the military, right?
00:17:50Yes, sir.
00:17:51Is it 100 percent out, would you say?
00:17:52Ninety-nine point nine, sir.
00:17:53I'm going to get that last point more out of it.
00:17:54But thank you, sir.
00:17:55We've got a much different military, I will tell you.
00:18:00Thanks very much.
00:18:01Good job.
00:18:02And eggs are down big, right?
00:18:03Yes.
00:18:04Big.
00:18:05Wholesale prices.
00:18:06Retail will come.
00:18:07Easter is the Super Bowl for eggs.
00:18:09So, you know, there may be a little fluctuation, but no, we feel really good about it.
00:18:13That's what I hear.
00:18:16I want to echo what Howard said on the trade cube, that we've got over 75 countries that
00:18:21want to come in.
00:18:22So it'll be Treasury, Commerce, Jamison at USTR, and we're putting a process in place.
00:18:28And as you said, you're going to be part of the negotiations, too.
00:18:32Because, you know, I've had these countries call me up, and Secretary Bessem, we're happy
00:18:36you're going to be negotiating.
00:18:38Well, President Trump's going to be involved, too.
00:18:40With every detail.
00:18:41With every detail.
00:18:43So bring your best deal on the budget.
00:18:49It's moving quickly in the House and the Senate, thanks to your leadership.
00:18:54We're also going to have debt ceiling in there.
00:18:57So we're going to get an increase in the debt ceiling.
00:19:00So and that will be the done and dusted for part of the bill that we just got a vote on
00:19:07today's part of the bill.
00:19:08It'll be done and dusted for two years.
00:19:10We won't have to worry about that.
00:19:12And then I gave a speech yesterday to 1,400 small and community bankers.
00:19:19And they were so happy to hear from your administration.
00:19:22And I told them Wall Street's done great for the past four years, 10 years, 20 years.
00:19:27It can continue doing great.
00:19:29But it's Main Street's turn now.
00:19:31And it's those small bankers through deregulation, through emphasis on Main Street, your Main Street
00:19:38agenda, bringing back jobs that is going to power the smaller communities.
00:19:44And then finally, the bond auction went very well yesterday.
00:19:48We had a lot of foreigners show up as the support showing that the U.S. is still the best place to invest.
00:19:56The inflation report, as you said, was quite good.
00:19:59And energy prices are down more than 20% since January 20th.
00:20:05Amazing.
00:20:06Good numbers.
00:20:08Great numbers.
00:20:10Ma'am?
00:20:11President, we've had some great wins in the last few days.
00:20:15You were overwhelmingly elected by the biggest majority.
00:20:20The U.S. Americans want you to be president because of your agenda.
00:20:25And the courts are ruling that you have the authority to determine how the money of this country will be spent.
00:20:31That's what the American citizens wanted, and that's what they're getting.
00:20:35An example of that Friday was the Department of Education, that you can determine how the money will be spent.
00:20:40No more DEI.
00:20:41And that impacts every agency across the board.
00:20:45On the civil side, again, NLRB, we had a big win in the Supreme Court there.
00:20:52OPM, a big win there.
00:20:54But also 16,000 workers there.
00:20:56But also on the criminal side, the Alien Enemies Act.
00:21:00We are winning there.
00:21:01And, you know, your directive to me was to keep America safe, and that's what we're doing.
00:21:06Whether it's the alien enemies, all of these gangs, and they are enemies of our country.
00:21:11They are terrorists.
00:21:12They are organized crime.
00:21:13They have come here.
00:21:14They are extremely organized.
00:21:16They are spread throughout our country, and they are creating terror.
00:21:19And no more under your directive.
00:21:21And that has stopped.
00:21:22Yesterday in South Florida, we charged the 11 defendants with half a billion dollars of pure cocaine coming into our country to kill our kids.
00:21:33They were caught.
00:21:34They will be prosecuted to the fullest extent of the law.
00:21:37Some of the greatest police work I've seen.
00:21:38We've made four arrests.
00:21:39There will be no negotiations at your directive.
00:21:40They're all looking at 20 years in prison, and within the next 24 hours, you're going to be seeing another huge arrest on a Tesla dealership president.
00:21:58And that's a great deal.
00:22:00And that person will be looking at at least 20 years in prison with no negotiations.
00:22:11That's great.
00:22:12That's great.
00:22:13That will stop it.
00:22:15Cold.
00:22:16And that's the terrorism.
00:22:18Thanks.
00:22:19Doing a great job, Kim.
00:22:20Thank you very much.
00:22:21All right, please.
00:22:22Mr. President, accountability matters.
00:22:25That's what we're recognizing.
00:22:26With our partners at the Department of Labor for government efficiency, just a few weeks ago, we realized there's about $4.4 billion in COVID funds that were not used that the state coffers were just holding onto.
00:22:40Out of that, we've returned $1.4 billion back to the state treasury, so essentially to the American people, and we'll go back and claw the rest of those billions of dollars back.
00:22:50And on the heels of that, last night, late last night, we're understanding unemployment insurance fraud.
00:22:56That trust needs to be whole for the American people.
00:22:59When we need it, we need it for who deserves it.
00:23:02That's not what we're seeing.
00:23:03And the numbers that we saw last night, again, exposed by our partners at DOGE at the Department of Labor, since 2020, over $400 million of payments have gone out already.
00:23:14And when you hear these numbers, apparently in the United States, we have almost 25,000 people who are over 115 years old who are collecting $59 million that we have sent out to people.
00:23:30Talk about fraudulent behavior.
00:23:32Mr. President, 28,000 people between one and five years old have collected fraudulent payments at the tune of $254 million has gone out.
00:23:44And lastly, 10,000 people who have not been born yet, 15 years into the future, $69 million, and they haven't even been born yet.
00:23:54In one case, they will be born 129 years from now.
00:23:58The United States government sent them $41,000, and they're not born yet.
00:24:02So, under the Department of Labor, those are the things that we're uncovering.
00:24:06I couldn't be more honored to tell the American people that we're bringing back their dollars and we're saving them and returning them to the United States Treasury.
00:24:14Also, jobs numbers.
00:24:16Last Friday, 228,000 new jobs were reported.
00:24:20That is good for the American people.
00:24:22That is my primary job is to grow that workforce under your leadership.
00:24:26So, we've kicked off the America at Work tour, and we'll be visiting all 50 states.
00:24:31And I'll be working with my colleagues here to do just that.
00:24:34So, thank you, Mr. President.
00:24:36We're going to grow this economy.
00:24:37We're going to keep our focus on the American worker.
00:24:40So, you're finding tremendous fraud, though.
00:24:42Those numbers are really bad when you're over 115 years old.
00:24:46And I think you had mentioned the oldest person in our country is 114 years old.
00:24:52That's pretty good.
00:24:53A woman living in Pennsylvania, but apparently there's 24,000 more of them that are 115 or older.
00:24:59I hope you hear that.
00:25:00So, we have 24,000 older than the oldest person?
00:25:04Definitely.
00:25:05Definitely dead.
00:25:06Thanks.
00:25:07And what are we doing about that?
00:25:10How do we get that money back?
00:25:11Yeah.
00:25:12So, we're working with our IGs to do the further investigation.
00:25:15In the House and Senate, we had a five-year statute of limitations.
00:25:20We've had an extension on that another five years.
00:25:22And so, the goal, in my opinion, we should never have a statute of limitations to return
00:25:26the American dollars back to the Treasury when there's fraud.
00:25:29But at this point, we will continue to work hard and double down and return those dollars to the Treasury.
00:25:34Right.
00:25:37Mr. President, thank you for your leadership at the border.
00:25:41For the second month in a row, you have broken the record in the history of the nation for the lowest number
00:25:48of encounters at the border, which is absolutely remarkable.
00:25:52You have said that America's laws matter and that they'll be enforced.
00:25:56And we're hard at work now to get people to go back home that are here illegally.
00:26:01So, the Alien Registration Act has been in place long enough now that those individuals that are here illegally,
00:26:06if they haven't registered, then they can be charged criminally and they can face fines up to $1,000 a day
00:26:13and face deportation if they don't go home and they'll never get the chance to come back to America.
00:26:19So, we're encouraging people to use the CBP Home app to register.
00:26:24And we're working on the resources and funding to buy them a plane ticket to send them home.
00:26:29It went to El Salvador, Colombia, and Mexico.
00:26:32And those countries and others are thinking about setting up programs to support these individuals when they get back to their country.
00:26:38So, when they get there, they'll have housing and food assistance.
00:26:42And so, making sure that these folks have the opportunity to go home so that they can get the chance to come back to America is important.
00:26:48So, it's a very big self-deport operation that we're starting.
00:26:53It is.
00:26:54Thousands of people have already self-deported.
00:26:57We're just going to, when you have 20, 21 million people that need to go home because they're here breaking our laws,
00:27:03then we need to facilitate that.
00:27:05And I've been working with the governors a lot lately on several different issues.
00:27:09One of them has been on FEMA for recommendations on how to do exactly what you've directed us to do.
00:27:15And then, also, I sent a letter and communicated with them that they need to be setting up a SCIF.
00:27:21Some of our governors don't have secure facilities to have national security issues.
00:27:26I think one of the jobs Homeland Security has is to give communication down to states, to local cities, and communities.
00:27:34And so, recommending they get a SCIF, they have secure comms with them at all times or nearby,
00:27:40so that they can have national security conversations.
00:27:42And then, to have somebody in their office designated that is their communications person.
00:27:47A lot of them have emergency management officers, but they don't necessarily have somebody designated
00:27:52when it comes to a national security issue that we may need to communicate with them on.
00:27:56And I think American people need to know that REAL ID will be required to travel on May 7th.
00:28:02So, those governors have been notified to communicate that at home.
00:28:06We don't want anybody to get delayed and not be able to travel when they get to an airport.
00:28:11And this will also help us bring integrity back to all of our IDs and how they're used,
00:28:16how they're used for issuing driver's licenses.
00:28:19And governors know how I feel about making sure their driver's licensing system has integrity
00:28:25because a lot of people use their driver's license to vote.
00:28:29And the backbone of our country and the foundation is election integrity.
00:28:33So, we're giving all those directions to our governors and communicating that so they can lead on it as well.
00:28:39And we're going to work with people so that if they go out in a nice way and go back to their country,
00:28:45we're going to work with them right from the beginning on trying to get them back in legally.
00:28:49Is that right?
00:28:50They'll make a chance to come back.
00:28:51So, it gives you real incentive.
00:28:52Otherwise, they'd never come back.
00:28:54They'll never be allowed once a certain period of time goes by,
00:28:57which is probably going to be 60 days.
00:28:59We're also going to work with farmers that if they have strong recommendations for their farms for certain people,
00:29:07we're going to let them stay in for a while and work with the farmers and then come back and go through a process, a legal process.
00:29:13But we have to take care of our farmers and hotels and, you know, various places where they need the people.
00:29:21And we're going to be working with you very carefully on that.
00:29:24So, a farmer will come in with a letter concerning certain people saying they're great, they're working hard.
00:29:30We're going to slow it down a little bit for them, and then we're going to ultimately bring them back.
00:29:36They'll go out, they're going to come back as legal workers.
00:29:40Okay?
00:29:41Yes, sir. Thank you.
00:29:43Which I think will be, I think it's very important to do.
00:29:45Okay.
00:29:46Thank you very much.
00:29:47Great job.
00:29:48Jamis?
00:29:49I watched you testify for the last couple of days.
00:29:51You're on every night at 3 o'clock in the morning.
00:29:55You did great.
00:29:56You did fantastic.
00:29:57Thank you very much.
00:29:58It's just what I like to do for fun, sir.
00:30:00You've been keeping us very busy.
00:30:02Last week, you started a reordering of international trade, something that hasn't happened for 80 years,
00:30:08something that should have happened decades ago.
00:30:10And you know that.
00:30:11You've known that for a long time.
00:30:12That's why you have us all working on this.
00:30:15You came into an emergency situation where President Biden left us with a $1.2 trillion trade deficit.
00:30:21It's the largest of any country in human history.
00:30:24The largest.
00:30:25So you declared an emergency.
00:30:26You took action.
00:30:27You said the largest in history, right?
00:30:29In history.
00:30:30There's never been anything like what he left us.
00:30:33He left us a mess.
00:30:35His whole administration was a mess.
00:30:37So go ahead.
00:30:38So you declared an emergency.
00:30:40You imposed a trade action.
00:30:42So now you have a tariff on the world.
00:30:44It promotes U.S. manufacturing.
00:30:45It protects U.S. workers.
00:30:47And you've also given room for negotiation during this time so we can open export markets for our farmers and other producers and American workers.
00:30:55And this is why the unions vote for you.
00:30:56This is why the workers vote for you.
00:30:58This is why the families want you to be the president because you're standing up for American workers and American communities.
00:31:03We've had countries come in over the past couple of weeks that represent more than half of global domestic GDP.
00:31:10More than half.
00:31:11That's who's coming in to talk to you and to your advisors about how to have reciprocal trade, how to have fair trade.
00:31:18Would have happened without you.
00:31:19Thank you very much.
00:31:21Great job.
00:31:22Lovely lot.
00:31:23Well, thanks to your fantastic leadership.
00:31:27This amazing cabinet and the very talented Doge team.
00:31:31I'm excited to announce that we anticipate savings in FY26 from reduction of waste and fraud by $150 billion.
00:31:40And some of it is just absurd, like people getting unemployment insurance who haven't been born yet.
00:31:47I mean, I think anyone can appreciate whether – I mean, come on.
00:31:50That's just crazy.
00:31:52So, you know, some of these things – people ask me, like, well, how are you going to find waste and fraud in the government?
00:32:00I'm like, well, actually just go in any direction.
00:32:02That's how you find it.
00:32:03It's very common.
00:32:05It's – as the military would say, target rich environment.
00:32:09So I think we're doing a lot of good and excellent collaboration with the Cabinet to achieve these savings.
00:32:20And it will actually result in better services for the American people.
00:32:24And then we're going to be spending their tax dollars in a way that is sensible and fair and good.
00:32:30And your people are fantastic.
00:32:32In fact, hopefully they'll stay around for the long haul.
00:32:35We'd like to keep as many as we can.
00:32:37They're great.
00:32:38Smart.
00:32:39Sharp.
00:32:40Right?
00:32:41Finding things that nobody would have thought of.
00:32:43Very computer savvy.
00:32:44Yes.
00:32:45And we're going to put the card to get the Trump belt card operational, hopefully in the next week or so.
00:32:53That'll be very exciting.
00:32:55That'll be very exciting.
00:32:56Very exciting.
00:32:57That's a pathway to citizenship into the United States.
00:33:00It's a big deal.
00:33:01Yep.
00:33:02It's a big deal.
00:33:03Thank you very much.
00:33:04Great job.
00:33:05You do.
00:33:06Thank you, sir.
00:33:07Thanks to your leadership and setting the mandate of transparency and accountability across the
00:33:11U.S. government, I'm bringing that transparency and accountability to the intelligence community.
00:33:16First and foremost, to make sure that you and your Cabinet have that real-time, relevant, apolitical, objective
00:33:24intelligence to best inform whether it's negotiations for peace, negotiations around tariffs, the
00:33:30great work that you are leading around the Cabinet today.
00:33:35Secondly, working with the Department of Homeland Security and the FBI to increase our information
00:33:40sharing to achieve your goal of countering the narcotic trafficking and our ability to go after
00:33:47cartels now designated as foreign terrorists.
00:33:50I met with the National Sheriff's Association this week, being able to work to make sure that the information that they are getting on the ground,
00:33:58that local law enforcement is getting on the ground, is being fed back up through to our National Counterterrorism Center,
00:34:04and that we have all of the federal agencies, state and local law enforcement, all on the same page as we are working to make our country safe again.
00:34:13And lastly, sir, as you know, declassification and rooting out weaponization and politicization of the intelligence community is a huge priority.
00:34:21You know more than anyone else the very dangerous and negative consequences of that.
00:34:28I've got a long list of things that we're investigating.
00:34:31We have the best of the best going after this, election integrity being one of them.
00:34:36We have evidence of how these electronic voting systems have been vulnerable to hackers for a very long time
00:34:45and vulnerable to exploitation to manipulate the results of the votes being cast,
00:34:50which further drives forward your mandate to bring about paper ballots across the country
00:34:55so that voters can have faith in the integrity of our elections.
00:34:59And lastly, we've been scanning.
00:35:01I've had over 100 people working around the clock to scan the paper around RFK,
00:35:08Senator Robert F. Kennedy's assassination as well as Martin Luther King Jr.'s assassination.
00:35:13These have been sitting in boxes in storage for decades.
00:35:17They have never been scanned or seen before.
00:35:19We'll have those ready to release here within the next few days.
00:35:22That's great.
00:35:23Bobby, how do you feel about that?
00:35:25That's sitting close to home, when you think.
00:35:31I'm thinking about Bobby when that statement's made.
00:35:34I'm very grateful to you, Mr. President.
00:35:38And you'll let Bobby see some of this because, you know, it's very personal stuff.
00:35:47But it's time.
00:35:48I've asked him.
00:35:49I've asked him.
00:35:50And his response is put it out.
00:35:53The world needs to know the truth.
00:35:55And his uncle that's been out and anything that hasn't been out, they can go to your offices and see, right?
00:36:02Everything that we have within our possession, it's either online or it's physically at the National Archives and Records Agency.
00:36:10We also have hunters going out, Mr. President, and looking in the storage lockers at FBI and CIA and other agencies,
00:36:18specifically to find if there is anything else that has not been reported.
00:36:23We're actively going out and trying to search out the truth.
00:36:27Okay.
00:36:28Yeah.
00:36:29We want to get it all out.
00:36:30Yes.
00:36:31A hundred percent.
00:36:32Good.
00:36:33Thank you very much.
00:36:34Mr. President, on behalf of America's manufacturers, I want to thank you for standing up to the Chinese Communist Party
00:36:40and fighting for our Main Streets, for our workers, and for those that make things in America.
00:36:46I'm out on a Made in America manufacturing tour.
00:36:49And as I go across the country, people are grateful to have a president who's not just fighting on the tariffs fronts,
00:36:55but to get inflation down, to create jobs.
00:36:58After Biden destroyed 110,000 manufacturing jobs in just his last year,
00:37:03you've already brought back thousands and thousands of manufacturing jobs.
00:37:07So the American worker is grateful.
00:37:09Main Street is grateful for you.
00:37:11And at the agency level, we're making sure that manufacturers have access to the capital they need,
00:37:17but we can't do that if we're not fighting fraud.
00:37:19So we've modified our loan applications to have citizenship verification,
00:37:25to make sure we have birthdays, common sense principles around lending that the Biden administration had waived.
00:37:32They waived $450 million of fees in one year.
00:37:35We're restoring that for the American taxpayer.
00:37:38And the American taxpayer, as tax day approaches, April 15th, they need to know that this cabinet,
00:37:43this administration, and thank you Elon Musk and Doge,
00:37:46for fighting for the American taxpayer to make sure that their hard-earned dollars are well spent,
00:37:52that they have a return on investment for this country,
00:37:55and that we're fighting for them just as you are every single day.
00:37:58So thank you, Mr. President.
00:38:00Thank you very much.
00:38:01Mr. President, we are working at HHS to advance origin to make America healthy again.
00:38:09I'm working with Lee Zeldin to reassess the fluoride rules based upon the August release by the National Toxicity Program of New Science
00:38:21Science that shows a direct inverse correlation between exposure to fluoride and IQ loss, particularly in children.
00:38:30Lee and I were in Utah this week.
00:38:33Utah, to announce that Utah became the first state in the country to ban supplemental fluoride.
00:38:39I'm working with Brooke and governors now in 24 states who are advancing Maha legislation to get soda pops off of the food stack program, off the SNAP program.
00:38:55We've launched Operation Stork Speed to get the bad chemicals out of AB formula.
00:39:03We're working with governors across the country to get good food into the school lunch programs and to get rid of chemical dyes and other bad chemicals that are in our food.
00:39:15We've shown now that this directly affects academic performance, violence in the schools, and mental health as well as physical health.
00:39:26We are working with governors across the country to get cell-to-cell or bell-to-bell legislation to restrict the use of cell phones in schools, which, again, dramatically impacts academic performance.
00:39:41Today, we announced a dramatic reduction in animal testing at NIH and FDA.
00:39:49We're going to switch over to AI, which we now found is much more precise in identifying the impacts of toxics in various products.
00:40:00We're working with Elon, who's done an incredible job to eliminate the redundancies and to streamline operations at all the health agencies,
00:40:11and to recalibrate our trajectory to your agenda of making America healthy again.
00:40:20And finally, the CDC has done an amazing job at getting the measles outbreak under control.
00:40:29We have about 680 cases now in 22 states compared to the same outbreak in Europe, which is 127,000 cases and 37 deaths.
00:40:41Our numbers in this country have now plateaued, and I want to thank CDC for that.
00:40:48And we're trying to refocus the press.
00:40:51We've had three measles deaths in this country over 20 years, and we're trying to refocus the press to get them to pay attention to the chronic disease epidemic, as you've asked us to.
00:41:03We have now 38 percent of American youth are pre-diabetic.
00:41:08This was unknown 30 years ago.
00:41:11Every child that becomes diabetic, there should be a headline about them.
00:41:15We have 100 million adults who are pre-diabetic or diabetic.
00:41:20And we have, as you, we have now the autism rates have gone from now most recent numbers we think are going to be about 1 in 31,
00:41:31from 1 in 12, so they're going up again, from 1 in 10,000 when I was a kid.
00:41:40And we are going at your direction.
00:41:43We are going to know by September we've launched a massive testing and research effort that's going to involve hundreds of scientists from around the world.
00:41:54By September we will know what has caused the autism epidemic and we'll be able to eliminate those exposures.
00:42:01Think of that, so it was 1 in 10,000 children had autism, and now it's 1 in 31, not 31,000, 31.
00:42:14That is a horrible statistic, isn't it?
00:42:18And there's got to be something artificial out there that's doing this.
00:42:21So you think you're going to have a pretty good idea, huh?
00:42:23We will know by September.
00:42:25There will be no bigger news conference than that, so that's it.
00:42:29If you can come up with that answer, where you stop taking something, you stop eating something, or maybe it's a shot,
00:42:37but something's causing it.
00:42:39It can't be, it can't be from 10,000 to, can you imagine that, Marco?
00:42:44That's a big, that's a big number.
00:42:46Thank you very much.
00:42:47You're doing great.
00:42:48Thank you, Bobby.
00:42:50Please.
00:42:51Well, Mr. President, one of your primary administration goals is to make sure that we unleash American energy.
00:43:00And, of course, the strategy behind that is when we do that, it helps make it more affordable for all Americans.
00:43:06Energy isn't just an industry, it is the foundation of every other industry, whether it's food, manufacturing, clothing, transportation.
00:43:15And then also when we've got the ability to generate and not just be energy independent but energy dominant,
00:43:20then we have the opportunity to sell energy to our friends and allies versus them buy it from our adversaries.
00:43:26And our adversaries were funding terrorism and conflicts against our allies by their oil and gas sales that were going through a Swiss chief set of sanctions.
00:43:39With your creation of the National Energy Dominance Council, over half the people at this table serve on that.
00:43:45Everyone has been engaged, whether it's interactions with negotiations with other countries, with putting sanctions in place that actually work,
00:43:54with cutting deregulation, working on biofuels, building infrastructure for transportation.
00:44:00There's a whole range of things that are being tackled.
00:44:03But the outcome of all that is that the Biden administration was restricting supply.
00:44:09You're increasing supply.
00:44:10When you increase supply, then prices start to come down.
00:44:13And we have a huge opportunity to do this.
00:44:16Just in interior alone, there's 500 million acres of surface, 700 million acres of subsurface, and 2.5 billion acres of offshore.
00:44:25And the Biden administration was trying to restrict this so that you couldn't get a timber lease, you couldn't cut a tree, you couldn't graze a cow,
00:44:33you couldn't develop oil and gas minerals, and you couldn't develop the critical minerals we need for our technology, for our defense industries,
00:44:40and to be able to help us win the AI arms race against China.
00:44:45So we're opening up this, and with your executive orders and your work, we've, on Tuesday, historic day,
00:44:52you ended the war on beautiful, clean coal, which has been going on since Obama took office.
00:44:58China gets 60 percent of their electricity from coal.
00:45:02They're opening up a, they've opened up 94 gigawatts of coal in the last year as part of this AI arms race.
00:45:1094 gigawatts, that's enough for 94 Denvers to be able to, one gigawatt per metro area like that.
00:45:17It's unheard of.
00:45:18So we have an opportunity under your leadership to come back.
00:45:21The Gulf of America had its first offshore lease sale, which is scheduled for later this year,
00:45:27but that was, the industry loved that because we're now, the Gulf of America is now open for business again.
00:45:33And there's the, as much as seven billion barrels of oil accessible now.
00:45:40They've increased the upside of what they think that is.
00:45:43On the coal front, the estimate is the financial value of the coal in America is eight trillion dollars.
00:45:49That was an asset on the balance sheet that we've now been put back on again.
00:45:53And of course in Alaska, with your separate executive orders to unleash Alaska energy,
00:45:58between ANWR, the North Slope, the Strategic Petroleum Reserve of Alaska,
00:46:03all of those, we've reversed Biden's decision.
00:46:06Those are all open for business again.
00:46:08And all of this is leading to the investment coming to America.
00:46:13The smart money is coming to the U.S.
00:46:15That's why we've got, you know, trillions of dollars of investment that are showing up at the door
00:46:20because they know if they're going to do manufacturing here, there's going to be energy to power their plants.
00:46:25And so, again, thank you for your leadership and thank you for everything you're doing.
00:46:29Very good. Thank you.
00:46:31Mark?
00:46:32Well, Mr. President, one of the most important things I believe you'll achieve in your presidency is reordering the world in a proper way.
00:46:40For 31 years, more than 31 years now, multiple administrations have allowed the Chinese to deindustrialize this country,
00:46:46to take away jobs and factories and the pillars of our national strength.
00:46:50And what you're doing now, I think, is a great service to our country, but ultimately to the world.
00:46:54And I want to congratulate you and your team that's working on that because that has extraordinary geopolitical implications,
00:46:59as you see from all these other countries that are now coming here and wanting to join something.
00:47:03I mean, it's just crazy to allow these – I mean, basically, we lived in a world where Chinese companies can do whatever they want in America,
00:47:11but our companies cannot do anything over there unless they allow it.
00:47:14And even then they steal our stuff and reverse engineer it.
00:47:16So just reordering all of that has dramatic implications on peace and security of the world.
00:47:21So we thank you.
00:47:22An important meeting, thanks to you, is going to happen on Saturday for the first time in a long time.
00:47:26There will be direct talks between Ambassador Whitcoff and our top-level leader in Iran.
00:47:30We hope that will lead to peace.
00:47:32We've been very clear what Iran is never going to have as a nuclear weapon.
00:47:35And I think that's what led to this meeting, and we'll wait for him to come back from it.
00:47:38And we're hopeful about that.
00:47:40I would also say that we are receiving – and I think the Department of Homeland Security can confirm this –
00:47:45historic cooperation from countries all over the world.
00:47:47Number one, in taking back their citizens.
00:47:49Every country in the world has to take back people that are illegally in another country.
00:47:53And we have countries that refuse to do it or kind of ignore our calls.
00:47:56All of them are doing it.
00:47:57The ones that are not are paying a price.
00:47:59And we've also found cooperation in other countries that are willing to take some of these people,
00:48:03some very dangerous criminals.
00:48:05I know the President of El Salvador will be here next week,
00:48:07has really been a good friend of the United States in that regard.
00:48:09These are some of the worst people you'll ever encounter.
00:48:12And Pam knows this, and Kristi knows this from the work they're doing.
00:48:16You know, and one last point I want to make, Mr. President,
00:48:20and again, it's under your leadership, it's actually under your executive order.
00:48:23If you come to this country as a student, we expect you to go to class and study and get a degree.
00:48:27If you come here to like vandalize a library, take over a campus and do all kinds of crazy things,
00:48:32you know, we're going to get rid of these people.
00:48:34And we're going to continue to do it.
00:48:35So when we identify lunatics like these, we take away their student visa.
00:48:39No one's entitled to a student visa.
00:48:41The press covers student visas like there's some sort of birthright.
00:48:44No, a student visa is like me inviting you into my home.
00:48:47If you come into my home and put all kinds of crap on my couch,
00:48:49I'm going to kick you out of my house.
00:48:51And so, you know, that's what we're doing with our country, thanks to the President.
00:48:55And last but not least, very important development this week,
00:48:57but both Pam and I were very excited.
00:48:59The finest higher education institution in the United States,
00:49:02University of Florida, is also now the national champions in basketball.
00:49:06We hope you'll all host them here soon, Mr. President.
00:49:08Go Gators!
00:49:09They're coming.
00:49:10Well, thank you very much.
00:49:14You're really doing a great job.
00:49:16We appreciate it.
00:49:17Any question?
00:49:18Mr. and Mr. President, can you give us a reaction to today's stock market drop
00:49:22and also give us a sense of the next steps with China?
00:49:26Well, I haven't seen it because I've been here for two and a half hours,
00:49:29so I'll be seeing it.
00:49:31I think Scott went out.
00:49:32Scott, do you want to have a statement on that?
00:49:35Sure.
00:49:36Look, the up two down one is not a bad ratio or up 10 down five.
00:49:42And I think as we have talked about, as we go through the queue and settle with these countries who are going to bring us their best offers,
00:49:52we will end up in a place of great certainty over the next 90 days on tariffs.
00:49:59But we had very good inflation numbers today.
00:50:02Oil is down.
00:50:03We had a successful bond market.
00:50:05So I don't see anything unusual today.
00:50:08And next steps for China, sir?
00:50:10Well, we'll see what happens with China.
00:50:13We would love to be able to work a deal.
00:50:18They've really taken advantage of our country for a long period of time.
00:50:21They've ripped us off beyond anybody, nobody.
00:50:25How people stood for it, sitting in my position, is not even believable.
00:50:31And we're talking about many presidents, not just a couple.
00:50:35But they did.
00:50:36And all we're doing is putting it back in shape.
00:50:39We're resetting the table.
00:50:41And I'm sure that we'll be able to get along very well.
00:50:45I have great respect for President Xi.
00:50:47He's been, in a true sense, he's been a friend of mine for a long period of time.
00:50:52And I think that we'll end up working out something that's very good for both countries.
00:50:58I look forward to it.
00:50:59Mr. President, China retaliated today by reducing the number of American films
00:51:03that can be shown there.
00:51:05What's your reaction to them now targeting cultural exports from the United States?
00:51:09I think I've heard of worse things.
00:51:12Yes, sir.
00:51:17And also on China, the Ukrainians say they have evidence that Chinese soldiers
00:51:24have been found fighting for the Russians in Ukraine.
00:51:27Can the U.S. verify this?
00:51:28And if so, what does the U.S. plan on doing to China if it comes up?
00:51:33We'll look into it.
00:51:34But I think beyond that, we're really looking to get that war stopped.
00:51:38They're losing 2,500 and even more than that, young people a week.
00:51:44They're Russian and they're Ukrainian.
00:51:46They're not American, but they're people.
00:51:49And we're seeing if we can get it stopped.
00:51:51And I think we're making progress.
00:51:53I appreciate the ballerina who was released.
00:51:57It was at the request of a very good friend of all of ours, actually.
00:52:01Dana White called me and he said it's the friend or the relationship
00:52:08of one of the fighters for UFC or one of the fighters.
00:52:12And Dana is an incredible guy.
00:52:14And we spoke to President Putin about it and they made a deal.
00:52:18They released the young ballerina.
00:52:21And she is now out.
00:52:23And that was good.
00:52:24So we appreciate that.
00:52:25We hope that we're going to be able to make a deal relatively soon with Russia and Ukraine
00:52:29to stop the fighting.
00:52:31It's so senseless.
00:52:32It's such a horrible thing.
00:52:33It would have never happened if I were President.
00:52:35But it did happen.
00:52:36And we were given that card.
00:52:39And I think we're going to get it.
00:52:41I think we're going to get it stopped.
00:52:42We've got to get going.
00:52:43We've got to get it.
00:52:44We have to move it faster.
00:52:45Likewise, with the hostages, we're making progress.
00:52:49We, you know, there's 59 hostages, but only 24 of them are living.
00:52:55And that's the way it's been presented to me by the mothers of some of the dead.
00:53:01Mothers and fathers of some of the dead hostages.
00:53:04And they want the bodies of their, of their baby, as they say, their baby.
00:53:10They're young boys.
00:53:12They want, they want them back as much as if they were alive.
00:53:16It's amazing, because when I met the hostages two weeks ago here, I couldn't believe what
00:53:21they had to go through, by the way.
00:53:22But when I met them, they said, yeah, there's 59, but 24 are living.
00:53:28And they actually consider, I guess if you're a parent, you do consider it this way, that
00:53:33the, the remainder who are dead, the 24 that are alive, the remainder that are dead, they
00:53:40want them back just as much as they would want them back if they were alive.
00:53:44It's really pretty amazing and pretty sad.
00:53:47So we're, we're getting close to getting them back.
00:53:53We have a, a lot came back.
00:53:54A lot of people are very grateful.
00:53:56And some came back in pretty bad shape.
00:53:59Some came back.
00:54:01They're okay.
00:54:02I think they're going to be scarred mentally for a long time, because if you sit down and
00:54:07talk to them, as I have, what they went through is incredible.
00:54:10But we're making progress.
00:54:12We're dealing with Israel.
00:54:13We're dealing with Hamas.
00:54:15And it's a, it's a nasty grip.
00:54:18Mr. President.
00:54:19Yeah.
00:54:20So, how close are you to the first country coming to actually make a deal with the United
00:54:25States over tariffs?
00:54:26Is it a day as much?
00:54:27Well, I think it's very close.
00:54:28But you know, we have to have a deal that we like.
00:54:30We, we don't want a deal that's going to be a bad deal.
00:54:33Or I could, I could make every deal in one day if I wanted to.
00:54:36I could do this at all in one day.
00:54:38I could just say, here's what we'll do.
00:54:40And I was saying to the people before, to Scott, mostly to Scott and Howard, and some
00:54:49of the other people that work with us on the negotiations.
00:54:51You know, we have a lot of law firms that have paid me a lot of money in the form of legal
00:54:56fees.
00:54:57We're going to probably use those firms to, if we can, I think we can.
00:55:01I'll make a contribution to the country.
00:55:03But the great firms are the best firms, the biggest, and really the most prestigious.
00:55:08And we may be using them to help you guys out, because you're going to need a lot of lawyers.
00:55:14And I'm not sure Pam is going to be happy if I say, can you send over about 200 lawyers
00:55:19that work on trade?
00:55:20She's working on criminal stuff.
00:55:21And I think that's going to be her focus more than anything else.
00:55:24So we'll find out if we can do that.
00:55:26But we have a lot of lawyers that you've been reading about, where they paid $100 million
00:55:31a firm on average.
00:55:33Now we have the final four or five are at $125 million.
00:55:38So I have a lot of legal fees I can give to you people.
00:55:41And we might as well use them.
00:55:43Hopefully I won't need that many legal fees or that much.
00:55:46I may.
00:55:47Who knows?
00:55:48After it ends, after we leave, maybe I'll need it.
00:55:52But if I do, it's not going to be very pleasant.
00:55:54So I think we're going to try to use these very prestigious firms.
00:56:00To help us out with the trade.
00:56:02Because, you know, we have a lot of countries.
00:56:04But we want to make deals that are proper for the United States.
00:56:07Not just, we can make deals easily.
00:56:08We want to make them proper.
00:56:09The Pressure President, if you aren't able to reach the deals that you want to see
00:56:13at the end of the 90 days, will you put those higher tariffs in place?
00:56:17Or will you expand?
00:56:18Well, that's what would happen.
00:56:19I mean, if we can't make the deal that we want to make, or we have to make,
00:56:23or that's good for both parties, it's got to be good for both parties.
00:56:27And then we'd go back to where we were.
00:56:30Go back to the numbers that you announced last week?
00:56:31Yeah.
00:56:32I think so.
00:56:33You wouldn't extend the pause?
00:56:34Yeah.
00:56:35We'll have to see what happens at that time.
00:56:36Thank you, Mr. President.
00:56:37You said yesterday you were considering some exceptions for companies.
00:56:41Can you talk about what you're considering?
00:56:43And then also on the risk for tariffs, so that you substantially lower,
00:56:47is the same map formula going to be used?
00:56:49Or is that tossed out?
00:56:51I'm not considering now for any country or company.
00:56:56But it's possible that I would.
00:56:58But I'm not — we don't have that situation right now.
00:57:01People understand where we are, what we're going to do.
00:57:04But it could happen, you know.
00:57:06It's called flexibility.
00:57:07You have to have certain flexibility.
00:57:09Mr. President, what are you planning on using the money in the district,
00:57:12paying the revenue to the tariffs off?
00:57:15Paying down national debt, reducing taxes, creating good budgets,
00:57:24helping Christie with the border and all of the other things.
00:57:27We built — I built hundreds of miles of wall, as people now understand —
00:57:32571 miles of border wall in the first administration.
00:57:36But we're going to beef it up, and we're going to add more.
00:57:40And, you know, the numbers are incredible, really.
00:57:43The numbers are what's taking place.
00:57:46We had great numbers, but these numbers are topping my last administration.
00:57:50And Christie and Tom Holman have done an amazing job.
00:57:53But, you know, it's an expensive process.
00:57:56This weekend, where they used to have hundreds of thousands of people
00:57:59standing there pouring through the border in Tijuana, Mexico,
00:58:03this weekend they had nobody.
00:58:06You had a man sweeping this massive piece of concrete,
00:58:11which is, you know, the area where there's massive.
00:58:15And I've looked at that during the Biden administration.
00:58:19You couldn't see a piece of that concrete.
00:58:22There were so many people on it.
00:58:23You couldn't — if you had helicopter shots, you couldn't see concrete.
00:58:28Now, this weekend, you had nobody there but a man with a broom sweeping it
00:58:33and cleaning it up.
00:58:34Pretty amazing.
00:58:35It's really an amazing job.
00:58:37But it'll be used for that.
00:58:39It'll be used for a lot of things.
00:58:40It'll be used by the Department of Justice for doing a great job.
00:58:46Pam is doing a fantastic job.
00:58:47So it's going to be used for a lot of different things.
00:58:49The Pressure on a 10 percent tariff, is that a basement?
00:58:53Is that for —
00:58:54It's a baseline.
00:58:55The Pressure on a 10 percent tariff.
00:58:56Can countries negotiate that to bring that down?
00:58:57It depends on what they're adding.
00:58:58You know, some countries have — we have massive deficits with, or they have big surpluses with us.
00:59:05And others, it's not that way.
00:59:07So it depends.
00:59:08That's why it's really all — they're all different.
00:59:10Every country is different.
00:59:12Some have certain advantages that others don't have and certain things.
00:59:17We have some — China has a surplus of a trillion dollars.
00:59:22I mean, the numbers are crazy.
00:59:26And others have basically no surpluses.
00:59:30You know, we have some that are pretty even.
00:59:32But they hurt us in other ways, and we just want to get that taken care of.
00:59:35So it's — everyone is a little bit different.
00:59:38The Pressure on a 10 percent.
00:59:39But do you negotiate with the EU as one block or individual nations for the track of the tariffs?
00:59:45We're looking at it as one block.
00:59:48They've been very tough, but they were very smart.
00:59:51They were ready to announce retaliation.
00:59:55And then they heard about what we did with respect to China — and others, but China —
01:00:01and they said, you know, we're going to hold back a little bit.
01:00:04They decided — they decided to hold back.
01:00:07I thought they were very smart.
01:00:08Look, the EU is very smart.
01:00:10But they really have taken advantage of the United States.
01:00:13They — they were formed for the purpose of taking advantage of the United States.
01:00:18And I don't blame them, and I don't blame China.
01:00:20I don't blame anybody.
01:00:21I blame the people that were sitting at that desk in that other beautiful Oval Office for allowing it to happen.
01:00:27Many Presidents I blame.
01:00:29They should have never allowed it to happen.
01:00:32And I'm doing something that a lot of them wouldn't want to do.
01:00:35But I'm here. I do those things.
01:00:38And we're going to make this country great again.
01:00:40We were — we were taken advantage of by almost everybody.
01:00:44I sat back in the last administration.
01:00:46I would actually read — I don't have to read them now.
01:00:48I know them so well.
01:00:49I would read some of these documents that were signed — deals.
01:00:53And I said, who would do a deal like this?
01:00:56Who would do it?
01:00:57You've seen it, Elon.
01:00:58Yeah.
01:00:59I'd look at deals where it's so one-sided.
01:01:03Even — we have a deal with Japan.
01:01:07And we get along great with Japan.
01:01:09And we had the Prime Minister here.
01:01:11He was fantastic.
01:01:12As you know, Abby was great.
01:01:15Shinzo was great.
01:01:16He was a good friend of mine, unfortunately, no longer with us.
01:01:18But we defend them, but they don't have to defend us.
01:01:24I said, that doesn't sound too good.
01:01:27But we have a deal.
01:01:28We're — a defense deal.
01:01:30We pay hundreds of billions of dollars to defend them.
01:01:35But if for any reason — in other words, we pay all the money.
01:01:39They don't pay anything.
01:01:40But if we're ever attacked, they don't have to do a thing to protect us.
01:01:44I said, well, that sounds like a wonderful deal.
01:01:47So I just — that's just one out of thousands.
01:01:50And I just wonder, who did this?
01:01:53And it's people that either hate our country or didn't care — an expression that you use.
01:02:00I think it's really they — a lot of them didn't care.
01:02:03They just — it's just hard to believe how bad they are.
01:02:08Now, that's a little bit of a defensive deal, but I'm talking about trade deals.
01:02:11It's the same thing.
01:02:12They're so bad, you would say, how come — and even when I'd renegotiate, like, I'd go to a country,
01:02:18they'd give me everything I asked for.
01:02:20I said, why didn't somebody ask for it, like, originally?
01:02:23They'd give me everything.
01:02:24I think when they were negotiating, they didn't care, or they didn't ask, or they were shy, or they were very stupid, or they hate our country.
01:02:35Yeah, go ahead, Jeff.
01:02:36You were speaking about Japan.
01:02:37Can you clarify what your vision is for U.S. Steel?
01:02:40You referenced it yesterday.
01:02:41Yeah.
01:02:42There were some questions about what you actually want to do.
01:02:44Sure.
01:02:45Look, U.S. Steel is going to do very well now because of tariffs, and I don't know why they even need a deal.
01:02:51But the only thing is, U.S. Steel — if you go back 80 or 90 years, that was a behemoth in this.
01:02:58That was our biggest, most — if we were around, we would have been very proud of it.
01:03:03Today, we have different types of companies that are big.
01:03:06Google — it's not the same as U.S. Steel.
01:03:09And I love — I love Google, and I got to like the people that run it.
01:03:14They're very capable people.
01:03:15They didn't like me so much in the first administration, but they like me a lot now.
01:03:20I don't know what happened, but I like them.
01:03:22But, you know, I think they would be the first to admit.
01:03:25When I envisioned — you look at some of those steel factories from 90 years ago, where we were —
01:03:31where it was a different kind of a country.
01:03:34But they were miles long.
01:03:36Today, you see just empty hulks.
01:03:38Those hulks are going to be filled up very soon.
01:03:40Because of what I'm doing with tariffs, it was a different kind of a thing.
01:03:44But if I didn't do that in the first term — my first term — if I didn't put tariffs on,
01:03:49we would have — because China and others were dumping steel.
01:03:53Billions of dollars of steel.
01:03:56Our steel companies were all closing.
01:03:58Every factory — we wouldn't have one steel plant open,
01:04:01and now we have a steel entity that's doing very well.
01:04:04But soon, it's going to be thriving — really thriving.
01:04:07And those factories are going to be filled up.
01:04:10But more importantly, they're going to build brand new ones.
01:04:12Nucor and so many other companies call me — Nucor being a big steel company —
01:04:17they're building massive new steel plants.
01:04:21And it's great.
01:04:22And likewise, car companies.
01:04:24We have many, many car companies.
01:04:26Three of them — I'm not looking to hurt Mexico.
01:04:29And I like Mexico.
01:04:30And by the way, I think the new President is a terrific person,
01:04:33a fantastic woman.
01:04:35We've had many conversations.
01:04:36She's a very elegant — just a fantastic person.
01:04:41And she's been very nice.
01:04:43Very, very nice.
01:04:44But I'm not looking to hurt them.
01:04:47But we have three car plants that were under construction in Mexico.
01:04:51They stopped constructing.
01:04:53And now they're going to build in the United States because of tariffs.
01:04:57See, we should have never let this happen,
01:04:59because whoever it was that was President at the time —
01:05:02we lost 90,000 plants and factories since NAFTA.
01:05:0890,000.
01:05:10It's not believable.
01:05:11How about that, Lori?
01:05:12You know, you're in that sort of world of factories and plants.
01:05:16That's right.
01:05:17That's right.
01:05:18We're going to bring them all back.
01:05:20But think of it.
01:05:22From that period of time, which isn't so long ago, we lost —
01:05:26I said the other day, if you had a map on a big wall like this,
01:05:31and if you had pins, 90,000 — I don't know if you'd have enough —
01:05:35I don't think you'd have enough room on the map to put the pins.
01:05:3890,000 factories that we've lost since NAFTA.
01:05:43And it's not even — and about 6 million jobs.
01:05:47Really, I think probably a lot more than that.
01:05:49But they say 6 million jobs.
01:05:51We're going to bring many of that back —
01:05:53I think we're going to bring more than —
01:05:55more than all of it back.
01:05:56We're going to bring —
01:05:57we're going to be better and stronger than ever before.
01:05:59But if a President, when they were leaving, said,
01:06:04look, you can leave,
01:06:05but if you're going to build a factory someplace else,
01:06:07and you think you're going to come and sell your steel or your car
01:06:11or any product that you make, your pharmaceuticals —
01:06:14which we're going to do, we're going to get them all back —
01:06:17but if you think you're going to just —
01:06:18all they had to do was say this, and they wouldn't have left.
01:06:21You know, I said it the other day.
01:06:23I said it with respect to —
01:06:25I made a speech a year ago, and I told them,
01:06:27if I win, we're going to charge a big, big tariff at the border.
01:06:32And people were thinking about building in Mexico a car plant.
01:06:36And I said, we're going to have a big tariff.
01:06:38We're going to have a big tariff.
01:06:39So if you want to build a car,
01:06:40you're going to have to pay 25 percent more than the cost of that car.
01:06:43You're going to have to pay 25 percent tariff at the border.
01:06:46They would have never left.
01:06:49They could have kept everybody.
01:06:50If a President said, if you leave this country,
01:06:54you leave Michigan, you leave Detroit,
01:06:56you leave any — anybody, any of our states —
01:07:00because, to me, they're all the same.
01:07:02I love them all. I love them all.
01:07:04And I probably want them all, but —
01:07:07They say I want most of them, but I think I want them all.
01:07:10But that's okay.
01:07:11But all you had to say if you were the President is,
01:07:15if you leave and you think you're going to, you know,
01:07:18fire all those workers, leave all that —
01:07:21you know, everything behind,
01:07:22and you're going to build in another country and sell it any —
01:07:25and no, you're not going to —
01:07:26you're going to pay 50 percent or 100 percent tariff,
01:07:29they would have never left.
01:07:30And all you had to say, Marco, is —
01:07:33all you had to say, very simply, is —
01:07:35you don't have to write it down.
01:07:36All you have to do is say it verbally.
01:07:38If you leave, you're going to pay 100 percent tariff,
01:07:42therefore don't leave, they would have never left.
01:07:45But they left 90,000 plants.
01:07:47I mean, it's hard to believe that many.
01:07:49You just — you can't envision it.
01:07:51So just getting back to your — you know,
01:07:53because I'm the great weaver of all time.
01:07:55To weave, you have to be a genius, too.
01:07:57Go on tangents.
01:08:00Anybody can do that.
01:08:01But we'll get back to your original U.S. Steel.
01:08:04U.S. Steel is a big name in this country, you know.
01:08:09Babe Ruth is a big name.
01:08:11We have a lot of big names, but not too many.
01:08:14U.S. Steel is one of the great names
01:08:16in the history of our country.
01:08:18And normally, I wouldn't mind so much.
01:08:21I wouldn't be thrilled with it.
01:08:22But to buy for a foreign country —
01:08:25and we love Japan —
01:08:27but for a foreign country to buy that cherished U.S. Steel brand,
01:08:32that's hard for me to do.
01:08:34I mean, somebody else —
01:08:35somebody else may want it.
01:08:38The company Nippon that's involved with it
01:08:41is a big, powerful company.
01:08:44We do a good job.
01:08:45But why can't they just build a plant themselves?
01:08:48I mean, why do they have to, you know, take U.S. Steel?
01:08:51So, as you know, I rejected the deal.
01:08:52Now they've come back in a different form.
01:08:55They're coming back as an investor.
01:08:57And, you know, I feel better about that, I guess.
01:09:00But, you know, I know them very well.
01:09:02I know — I know the thinking that it's the investor.
01:09:05They'll invest, and somebody else maybe is sitting in this chair,
01:09:09and they will no longer have an investment.
01:09:11They'll have the whole thing.
01:09:12You know, that's the way it works.
01:09:13They're very smart.
01:09:14They're very, very smart people.
01:09:15We're dealing with very smart people throughout the world.
01:09:18Great geniuses, actually.
01:09:20Look what they've done to our country.
01:09:22And, again, I don't blame China.
01:09:24I don't blame anybody.
01:09:26If I could have done it, if I were in that position,
01:09:30I'd have great respect.
01:09:31I have great respect for the people.
01:09:32They ripped off the United States.
01:09:34And all we had to do, have a president that knew what the hell was going on.
01:09:38And none of those countries would have left.
01:09:41Those companies — none of them would have left.
01:09:44So, that's a little lesson in basic business.
01:09:48And it's really basic business.
01:09:49It's not complicated business.
01:09:51It's very basic business.
01:09:54And we'd have every one of those car plans going just the way they were 30 years ago.
01:09:59None of them would have left.
01:10:00But now they're coming back.
01:10:02Mr. President, the Labor Department has confirmed that $400 million
01:10:06went to fake people for unemployment.
01:10:09That's sort of your initial reaction.
01:10:10Mr. President, I think it's terrible.
01:10:12I just heard it from Lori, and I appreciate it.
01:10:15And you heard it from Elon's people, right?
01:10:18That's right.
01:10:19Mr. President, Elon's done a fantastic job.
01:10:21Look, he's sitting here, and I don't care.
01:10:24I don't need Elon for anything other than I happen to like him.
01:10:27But I'm telling you, this guy did a fantastic job.
01:10:31I don't need his car.
01:10:32I actually bought one because — and they said,
01:10:35oh, did you get a bargain?
01:10:36No.
01:10:37I said, give me the top price.
01:10:38I paid a lot of money for that car.
01:10:40But honestly, he makes a great car.
01:10:43You know what I do with it?
01:10:44I let the people in the office drive around in it.
01:10:48Margot and Natalie, they're all — Chamberlain,
01:10:53they're all driving around in the most beautiful car.
01:10:55It's gorgeous.
01:10:57But I did that as a sign of — just a show of support.
01:11:00Numerous people have done that.
01:11:02Just a show of support.
01:11:04Because, you know, he's done a fantastic job,
01:11:07but he hasn't been treated properly.
01:11:10Hasn't been treated properly.
01:11:12Yeah?
01:11:13The Pressure.
01:11:14The Pressure.
01:11:15Can you talk to us about your communications with China?
01:11:16Has President Xi reached out at all?
01:11:18Has the tariffs —
01:11:19Well, I don't want to say who's reached out.
01:11:21I just say that I think — I think it's going to work out,
01:11:24hopefully well.
01:11:25The Pressure.
01:11:26The Pressure.
01:11:27The President.
01:11:28The President.
01:11:29They're very big.
01:11:30It's hard to get over, if you're me,
01:11:31the — what they've done to our country.
01:11:34They've destroyed our economic base to a large extent.
01:11:37The good news is we're very vibrant,
01:11:39and we're going to get it back fast.
01:11:41We already have.
01:11:42Look, we're making $2 billion a day now.
01:11:45And during Biden, we were losing $3 billion a day.
01:11:51Biden was a disaster.
01:11:54He was the worst president in the history of our country.
01:11:57And, you know, to me, worse than that —
01:11:59because the money you can make if you have the right guy in this position —
01:12:03worse than that was what we have to — what they did on the border —
01:12:07by allowing the jails of the world —
01:12:10not South America, all over the world —
01:12:13to be opened up so that we take everybody from Africa, Asia,
01:12:18South America, Europe — the bad ones.
01:12:23They opened up their jails, and they dumped them in the United States.
01:12:26And now this beautiful young woman who seems to be —
01:12:29boy, she loves what she does, though.
01:12:31I think she loves what she does because she's a patriot.
01:12:34She hates to see it.
01:12:35And Tom and all the people.
01:12:37But for us to spend, you know, hundreds of billions of dollars to —
01:12:41this is just — I don't know.
01:12:43Either — again, they either hated the country or —
01:12:46who would do this?
01:12:47Who would want millions of people to pour through an open border?
01:12:51We have no idea who the hell they are.
01:12:53And just walk right through.
01:12:55And half of them, whether you like it or not,
01:12:58you could look at them and you could say,
01:13:00they are not going to help us.
01:13:01These are some rough people.
01:13:04But they'd empty out their jails,
01:13:06and they'd empty out their mental institutions — insane asylums.
01:13:10And they'd let them into the United States of America.
01:13:13And inflation we can fix,
01:13:17and all of the other things we can fix — we'll get it going.
01:13:20But this is something — it's such a horrible thing,
01:13:26and it's really hard.
01:13:28You know, we have to do deportations.
01:13:30Now we're doing self-deportation.
01:13:32We're coming up with all sorts of ideas.
01:13:34And they must have known it's not going to work out well.
01:13:39And, you know, we want people to come into our country, by the way.
01:13:42We need them badly for the jobs.
01:13:44But we want them to come in legally.
01:13:46They have to come in legally.
01:13:47They have to show that they can love our country.
01:13:50Thank you very much, everybody.
01:13:53Thank you, everybody.
01:13:54Thank you very much.
01:13:55Male Speaker 1 Thank you.

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