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https://www.pupia.tv - USA - President Trump Participates in a Reception and Dinner with Business Leaders (28.10.25)
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00:00E poi siamo stati politicamente correcti.
00:03Abbiamo stato la sua guerra finale, abbiamo avuto il mondo mondo, abbiamo avuto tutto inoltre e tutto in fronte.
00:10Abbiamo Hawaii, ma stavamo, è dopo che abbiamo vedele.
00:13Abbiamo venuto le guerre che non dovrebbe essere in, ma poi abbiamo voluto.
00:16Abbiamo abbiamo ing resourcee di un'uffilto a qualcuno e avresti.
00:19E io ho diceva, chiamatete, cosa mi são healthi della idea?
00:21L'ho detto, di io piace.
00:23Ma non è un pochè, ripeto.
00:26C'è un pochè, però è un pochè.
00:28He's doing a great job on the border, too.
00:30You see what's happening.
00:31And we had drugs coming in, a lot of them coming in by sea.
00:35There aren't too many coming in by sea anymore.
00:37They've decided to take a pass.
00:39I don't know if you've seen what's happening,
00:40but it's really been amazing what's been happening.
00:44In terms of our border, we have a border that's totally closed.
00:47We used to have a border that was totally open.
00:49We took in 25 million people.
00:51Many of them should never have been there.
00:54And they came from prisons, jails.
00:57They came from mental institutions, insane asylums.
01:03Some people say, how come you mention both?
01:04I say, well, the insane asylum is a mental institution on steroids.
01:09And it's beyond the mental institution.
01:12But we took them both.
01:14We took drug dealers.
01:15We took everybody.
01:16What a disgrace.
01:17What a disgraceful job they did, the previous administration.
01:20And I wouldn't normally say that.
01:22But what they did to our country was incredible.
01:24And now, you know, we had a country who was a dead country.
01:29Everybody, so many of the leaders that I've met,
01:31King of Saudi Arabia told me, very,
01:34they all said, essentially, we thought your country was dead.
01:36One year ago, we thought your country was dead.
01:39Now it's the hottest country anywhere in the world.
01:42Like, by far.
01:43I mean, we have some leaders here,
01:44so I don't want to insult anybody.
01:45But we have the hottest country in the world.
01:48So I just want to thank some of these people.
01:50Scott Bessett, you're doing a great job.
01:52Secretary of Treasury.
01:53Thank you, Scott.
01:55Thank you, Scott.
01:56Great.
01:58How good is he on television?
02:00You know, he soothes the markets.
02:01I don't soothe the market.
02:03I sometimes disturb the markets.
02:05He soothes the markets.
02:07He goes, I said, Scott, go in and clean it all up for me, Scott.
02:10And he goes in, bop, bop, bop, bop, bop.
02:13And he's really terrific.
02:15He's done a great job.
02:16And I'm thinking about him for the Fed.
02:20See, now the cameras are going, breaking news.
02:22But he won't take the job.
02:23He likes being Treasury.
02:24So we're not thinking about him, really.
02:26Oh, yeah.
02:27But we're very proud of the job you're doing.
02:30Secretary of Commerce, Howard Lutnik.
02:33Thank you, Howard.
02:33Thank you, Howard.
02:33Thank you, Howard.
02:40We just did, I guess it's about 518 billion in the other room.
02:45We were a little bit short of 500.
02:47And then we had a couple of people that just announced, including Toyota, 10 billion, going
02:54to open new car plants throughout the United States, a lot of them.
02:58And it's great because of the tariffs and because of the November 5th election, I think both.
03:04But the tariffs have been tremendously helpful in terms of national security, the national
03:07security for our country.
03:09And a lot of the wars that I stopped were because of tariffs.
03:14And frankly, I did a great service to the world.
03:17But because of tariffs, because of trade, if you look at India and Pakistan, they were going
03:24at it.
03:24Seven planes were shot down.
03:26Seven brand new, beautiful planes were shot down.
03:29And they were going out of two big nuclear powers.
03:32And I said to Prime Minister Modi, and I said to the Prime Minister, a very nice man, a very
03:38good man, and the field marshal over in Pakistan, I said, look, we're not going to do any trade
03:44if you're going to be fired.
03:44No, no, no.
03:45One thing has nothing to do with the other.
03:47I said, it has a lot to do with the other, two nuclear powers.
03:51We get that nuclear dust all over the place.
03:53All of you are affected, right?
03:54And we said, no, we're not doing any deals if you're going to fight.
03:59And within about 24 hours, that was the end of that.
04:02It was amazing, actually.
04:04And we've done numerous like that.
04:06I would say trade is responsible for 70 percent of the fact that we didn't have wars by using
04:12our heads because they want to trade with the United States.
04:14But I said, we're not going to trade if you're going to go to war.
04:17And it's amazing how quickly they were able to make deals.
04:19And, you know, they would have been fighting for 10 years, killing millions of people, numerous
04:23of them.
04:24So we're very happy about that.
04:26But I also want to say that U.S. trade representative of Jameson Greer is like, he's really fit.
04:34Where is he?
04:34He leaves everybody happy.
04:39He does everybody, you know, they have such confidence in him, even the other side.
04:44I mean, you have to have both sides have confidence, especially when it comes to trade between countries.
04:49But Jameson, you're doing a great job.
04:50Thank you very much.
04:51Really appreciate it.
04:52And we had a phenomenal day here in Japan with a momentous trade deal.
05:01We made a big, big, beautiful trade deal for both countries.
05:05In fact, to the best of my knowledge, I think Japan also had their best stock market day
05:11ever.
05:12So your new prime minister is doing very well.
05:15First female, first woman prime minister.
05:19And I said, you already hit the highest stock price you've ever hit.
05:22So she's very happy.
05:23And we spent the whole day together.
05:25It was beautiful.
05:26And she's she's great.
05:27We went out to the USS George Washington, the USS George Washington.
05:34It was it was really great.
05:36The sailors and a lot of others.
05:40We had a lot of people, a lot of military people were there.
05:42But boy, there was some scene.
05:43It was incredible.
05:44You wouldn't believe that a ship could hold that many people.
05:46But I just want to say that she is a delight and she's going to be I think she's going to
05:53be a great prime minister.
05:54I really do.
05:55I've got to know pretty well in a short period of time.
05:58She was a very good friend and ally of Shinzo Abe, who is a friend of mine, one of my best
06:03friends in terms of this world, the world of nations.
06:06And he was a great man.
06:08And he got unfortunately what happened to him was sad, very sad.
06:14But he was a great leader.
06:16And we we miss him very much.
06:20But a fantastic tribute to the U.S.-Japanese alliance aboard that ship today.
06:26USS, think of it USS George Washington.
06:29It's the only ship that just doesn't come back to the United States.
06:33It stays here.
06:34It's very proud.
06:35This is our largest military contingent, Pete.
06:38I think like sixty six thousand soldiers, Navy and others.
06:43So this was a fantastic day.
06:45The level of excitement and enthusiasm.
06:48It's so easy.
06:49People say, how do you speak in front of that many people and enjoy it when you have so much
06:53love?
06:53There's such love.
06:55There was such love on that ship.
06:57It's really easy to do.
06:58They don't understand that it's easy to do.
07:00But tonight I'm more confident than ever that the friendship between the United States and
07:05Japan is strong, as strong as it can be.
07:08And it's thriving.
07:09It's prosperous.
07:10And it'll soon be, I think, greater than ever before.
07:14And we had four great years.
07:15You know, we had the greatest economy in the history of our country.
07:17But we're blowing it away this time, to be honest with you.
07:21We're blowing it.
07:21That was we had four great years.
07:24As you know, we had the one year deduction.
07:27I got the one year little deduction.
07:29Like you can deduct every single thing.
07:31And nobody ever thought that was possible.
07:32That beats 38 years.
07:33But now we did it for a period of 10 years instead of a period of one year.
07:39It's much stronger.
07:41And you can deduct structures.
07:43And for the people, you have no tax on tips, no tax on Social Security.
07:49Think of it.
07:50No tax on overtime for your workers.
07:53And it really covers everything.
07:54The great, big, beautiful bill.
07:57We got everything done.
07:58I said, let's get it all done.
07:59A lot of people want to do it in little, small pieces, like nine of them, 12 of them.
08:04I said, put it all into one bill.
08:06And if we get it done, we're done for four years.
08:08We don't need anything more from Congress in terms of that.
08:11Right, Scott?
08:12We got it all done.
08:13It was a little risky.
08:14But because if we didn't get it done, I don't know.
08:17Who knows what would have happened with these radical left lunatics that we have to deal with.
08:21But we got it all done.
08:23And now we're set.
08:25And you're set.
08:26The investment in this country is set.
08:28You have all that you want.
08:29The people in this room are the living embodiment of the U.S.-Japanese Economic Partnership
08:37that together we're taking to even greater heights.
08:40It will, I think, never be like it is now.
08:43But it will get even better if that's possible.
08:45I especially want to thank Japanese companies.
08:48SoftBank.
08:50I think Masa is here.
08:51Where's Masa?
08:52I played golf with this guy last week.
08:54He sank every putt.
08:56Every putt.
08:57We played with Bryson DeChambeau.
08:59We had a great match.
09:00And the great Gary Player.
09:01Gary Player is 90 years old and he shot 70.
09:04Is that right?
09:05And we did 22 under.
09:08That's right.
09:09We won the tournament.
09:10We had 36 teams and we won the tournament.
09:13And we didn't cheat either.
09:14You know?
09:14A lot of those teams cheated because I know how they play and they did not shoot those scores.
09:20But I think we got, well, it helped to have Bryson hitting a ball 400 yards.
09:24You know, it's always nice to have, I said, I'll take Bryson on our team.
09:28But we had a great time and you played great and you putt it very well and I appreciate it.
09:32because I now have an extra trophy on my desk and I like that.
09:36Yes, please.
09:37Four eagles.
09:40That's right.
09:41Four eagles.
09:42Four eagles.
09:42We made four eagles.
09:44No, I seriously mean, every time he stood over a putt.
09:47I'm not saying it's going to happen every time, but it happened this time.
09:51And he's bing, bing.
09:53And we didn't have to putt because we're playing basketball.
09:55So we didn't have to putt.
09:57So thank you very much, my son.
09:58That's better than all the deals you made.
10:00That made him feel better than all the deals he's made.
10:03Thank you.
10:04It's great to be here.
10:05We'll do it again.
10:06But I also want to thank Toyota for that great, it's not a contribution, it's an investment.
10:12We're having investments in the, in our country greater than ever before.
10:17Greater than any country has ever had, actually.
10:20We'll talk about that.
10:21And I also want to thank the people from Carrier are here someplace.
10:25Where's Carrier that were here?
10:26Just thank you.
10:28Thank you very much.
10:29They made a big contribution also to the White House fund.
10:33We're redoing lots of things in the White House.
10:37We're bringing it up to, to the way it should be.
10:40And you probably heard, I don't know if anybody heard about, we're building a little ballroom
10:44over there.
10:46People are loving it.
10:47Now they're loving it.
10:48It took them a little while to understand what was going on.
10:50But now, we actually got an editorial from the Washington Post and from the New York Times
10:55saying, you've got to build that ballroom.
10:57I almost, I couldn't believe it when that happened.
11:00Look, they're back there right now.
11:01They can't believe I'm saying good things about them.
11:03But it's been great.
11:04But I want to thank Carrier.
11:06They make great air conditioning, heating, and things.
11:09And they were very generous.
11:11It's really fantastic what they did.
11:13And with the help of many of you here tonight, almost all of you, the only people that haven't
11:18done anything snuck into the room.
11:19Because I think you're all here because of what you've done.
11:23And so if there's anybody that hasn't done anything, please raise your hand and we'll
11:27throw you the hell out of here, okay?
11:28But Japan is already America's sixth largest trading partner.
11:34And I think as of today, that's gone up probably two notches.
11:38And the number one source of foreign direct investment.
11:42And so they're very happy because, you know, as goes our market.
11:47So many countries, they invest in the United States, but we've never had anything quite
11:51like what's happening.
11:52And I think it's going to get better.
11:54I can say it now.
11:56So we have over $17 trillion of investment in eight months.
12:01And I think by the time we go to the 12-month period, we'll have over $20 or $21 trillion
12:07invested or to be invested, very importantly.
12:12I mean, the money's coming in and a lot of it's commitments that are incredible.
12:16Tim Cook is doing, I think, like $600 or $650 billion, right?
12:21Think of it, you've done more than the entire group here.
12:24We raised $518 billion and there's one man sitting here at $650, but good.
12:32And everything is, they're treating you great, right?
12:34We give them fast permits.
12:35We give everybody fast permits.
12:37No more waiting 20 years before you get rejected.
12:40You know, that used to have a process.
12:42I know a couple of people, they started a process when they were young men.
12:47Now they're old men and they got rejected.
12:49Can you imagine?
12:50They devoted their whole life to getting a couple of permits.
12:53One of the things I did that's really helping AI because of the massive amount of electricity
12:58that they need is I said, you build your own power plant if you'd like.
13:03So far, everybody said we like.
13:06But at first, they weren't doing it.
13:08I said, I wonder why.
13:10Because they didn't believe me.
13:11They didn't believe they were actually getting this.
13:14You know, we have a grid that's like a lot of grids.
13:16It's old.
13:18And nobody ever said that we're going to be, you know, doubling.
13:20You have to double or triple the amount of electricity that we currently have.
13:24As an example, in the United States, you have to triple it, but double it at a minimum,
13:30but really triple it in order to take care of just AI.
13:33Can you believe this?
13:35More than double what we have currently.
13:37So for all of that, we have to more than double it.
13:41And I said, well, that's not, you know, something you can do from the grid.
13:46I mean, how would you do that?
13:47You have an old grid and it's doing okay.
13:50We're fixing it, but you can't do that.
13:53And I came up with the idea that you're building a plant.
13:55They're spending $50 billion to build a plant.
13:58I said, you can build your own electric generating sources.
14:02And honestly, some of the people in this room, they're building electric generators
14:08that are so far beyond anything that's ever been built before.
14:13They're using all different types of fuel.
14:16They're using nuclear, they're using oil and gas, they're using coal as a backup.
14:21Coal is a great backup.
14:23If something happens, you can put it aside.
14:25And if you ever need it, you can use it.
14:27But it's a great thing.
14:30And we're getting you very fast approvals.
14:33Lee Zeldin's doing a fantastic job.
14:35We're giving you fast approvals.
14:37You don't have to wait, you know, nine years.
14:39You're waiting a matter of weeks, literally a matter of weeks.
14:43You're coming in with the best engineers in the world.
14:45You know what you're doing.
14:46And so as you build your plant, you're sort of in the utility business, like Con Edison
14:51in New York.
14:51You're building your own electric.
14:54And you can build it as much as you want.
14:56And if you have any left over, you send it, you sell it into the grid.
15:00So our grid picks up a lot of electric without really us doing anything.
15:05You talk about private sector, that's the ultimate.
15:07But everybody loves it.
15:09And they're coming.
15:10Honestly, I mean, somebody that understands that better than information, which is what
15:15the other part makes.
15:17You're going to make a lot of money with information.
15:19And but somebody that really does understand the generation of electricity, the kind of plants that are being built are unbelievable.
15:29They're far beyond anything being built in terms of your regular utility companies, which, you know, sort of an older business.
15:37So I congratulate you.
15:39But the beauty is that you start building immediately.
15:42Tim, you don't have to wait.
15:43You know, well, if we went by the grid 10, 12, 15 years, but the permits are fast.
15:49And you open as soon as you have your your plants or your combination of plants.
15:54Some are building it on top.
15:55Some are building it to the side.
15:57Some are building separate buildings.
15:58Some are building in one building.
16:00And I love the idea.
16:02But literally, they it took them a while to really.
16:04They thought I was kidding.
16:05It was so good.
16:07They said, no, no, he's kidding.
16:10I said, I'm not kidding.
16:11That's why we're leading China.
16:13We're leading everybody in this race.
16:14So we're with you all the way.
16:16And you're going to I hope everyone's going to do great and make a tremendous amount of money and create a lot of jobs under the historic trade deal with the prime minister that is signed today and private sector agreements that were signed moments ago.
16:30We'll be increasing our commerce very, very much further.
16:36Japan's going to be investing five hundred and fifty billion dollars into the United States.
16:40And it's an amazing thing and they're happy and they're going to they're going to love it.
16:45It's going to be really good.
16:47It's going to be a great, great for everybody.
16:50But building up an allied industrial base.
16:53And, you know, one of the things that makes me so happy is they'll be taking some of our product.
16:58Japan is tip.
17:00I don't think I'm saying anything that's very secret.
17:02They've been typically slightly closed as a country.
17:05It was not easy to come in.
17:06But they're taking some of our cars and some of our a lot of our different thing of rice, which is actually a big deal because, as you know, they wouldn't do that.
17:17And they're taking corn and they're taking the Ford 150 here, the big thing, some of our cars.
17:24So it's really a great thing.
17:26It's going to be great for them.
17:27It's going to be great for everybody.
17:29But we're doing semiconductors together, critical minerals, shipbuilding.
17:33We're starting shipbuilding together and they're doing pretty well with shipbuilding.
17:37They're number three.
17:38They're going to be coming over to the United States and building ships in some of the yards.
17:42We have some great yards.
17:43You know, the United States was number one during World War Two, number one in the world in shipbuilding by far.
17:48We would produce a ship a day.
17:50Can you believe it?
17:51A ship a day, you know, freighters and this and that.
17:53But some big ones, too, some great warships.
17:57And we just let that our leadership, the person standing right where I am numerous years ago, a number of them, they just let it slip.
18:07And so we're going to be very heavy into the shipbuilding in a very pretty short period of time.
18:12It takes a while to get that one going.
18:14But to think that we were number one in the world and now we're, you know, we basically don't make very many ships anymore.
18:21We do beautiful Coast Guard cutters.
18:24We do beautiful smaller ships like destroyers, et cetera.
18:28But we don't essentially we don't really do what we should be doing.
18:32And we will be doing that pretty soon.
18:34But the deals will create jobs and opportunity, wealth, tremendous wealth and security for both sides and for both sides of the Pacific.
18:42And make our cherished bond between the two countries even better.
18:48And we've got so many wonderful deals.
18:50But this is one that people have been very, very interested in.
18:53They really waited for this day.
18:56And I found it to be an amazing day.
18:58Not an easy day.
19:00I think we've gone to about nine stops.
19:03I think you think Biden could have done this.
19:05I don't think so.
19:06You think so?
19:06I've been walking back and forth.
19:08Sir, we're going over here.
19:09It's just a quarter of a mile.
19:11Walking would be fine, sir.
19:12Oh, thanks a lot.
19:13You know.
19:15But we had a lot of stops today from early in the morning until now.
19:19But this is one that I was thrilled because I see the list of people.
19:22This is really a who's this list.
19:24I was reading it.
19:25I don't get that impressed with things.
19:27I'd say, wow, that's really pretty amazing.
19:29But I'm thrilled that so many Japanese investors recognize that people from all over the planet
19:36are now discovering that the United States is hot.
19:41And it's also a place where you can really do business.
19:43Getting the approvals is so great.
19:45You know, in my first term, we had an LNG plan, two of them.
19:50They were under approval.
19:51One was 14 years and one was 16 years.
19:53And actually, one of them was a big Japanese investor group.
19:58And they couldn't get their approvals.
20:00It was never going to happen.
20:01I come in.
20:02I didn't know anything about it.
20:03But I came in.
20:03I heard about it.
20:05And so there were 14 years, I think, and 16 years.
20:08And they were just about they gave up, essentially.
20:12And I got one done in one day.
20:14And the other one, it took me I didn't do as well.
20:17It took me three days to get it done.
20:19And they were under construction in less than a week.
20:22And they're up now.
20:23And they're doing phenomenally well.
20:25You know, in Louisiana, actually, two of them right on the coast.
20:29And people said, how did you do that?
20:31I said, I have no idea.
20:32But I get things done.
20:34There's no better place on Earth to invest and grow your business than the United States
20:38and a lot of the environmental nonsense.
20:40And I'm a big environmentalist in a sense.
20:42I want clean air.
20:43I want clean water.
20:45But we're going to make it great for our workers and our economy.
20:49We're not going to take, honestly, when I say five years, much longer than five years to do things.
20:57I actually said to some of our people, I said, look, you have on big plans,
21:03you have two weeks on oil and gas to get the approvals.
21:06And if you go nuclear, three weeks for nuclear.
21:09You know, nuclear with Westinghouse is here.
21:11They've done great.
21:12They've really, I mean, they've had a difficult problem a few years ago.
21:18They have become very hot, Westinghouse.
21:20They're doing a lot of work in the United States.
21:23We're doing a lot of nuclear now.
21:24Nuclear now is safe and it's inexpensive.
21:27It's really, it's great energy now.
21:29I was not, I was, I was with nuclear, but I didn't love certain aspects of it.
21:34Today is so different.
21:35And it really is a safe, great way to go.
21:38A lot of people are going that way.
21:40But one year ago, the United States was really, you'd never get, you'd never get your permits.
21:46You'd wait years and years and years.
21:48And, and honestly, if you had another, like Kamala, I don't know where the hell she came from.
21:53But if you had Kamala, I was right.
21:55Against Biden, I went up by 29 points.
21:57All of a sudden they take him out.
21:59It's like a fighter.
22:00He's losing the fight.
22:01They replace him in the middle of the fight.
22:02They gave me a new one.
22:03They gave me Kamala.
22:04I went from Joe to Kamala.
22:06But if she got in, I don't think there'd be nobody in this room.
22:10You wouldn't be doing anything.
22:12You'd be elsewhere doing things.
22:14And wouldn't be the same.
22:16But you have a, you have a great partner now in the United States getting you started.
22:21And you will, you will have everything done very, very quickly.
22:24Record time as fast as, I think, much faster than maybe any other country other than China.
22:30Because in China, you have a good system also.
22:32You have a system where President Xi can approve it immediately.
22:36So that's even faster.
22:37He doesn't have to wait two weeks.
22:39I have to wait two weeks.
22:40But you do go quickly there.
22:43But we have a lot of advantages, as you know.
22:45Since the election, we've secured all of that money coming in.
22:49And we have a lot more money coming in.
22:51And again, I mentioned SoftBank, but Jira, JCB, Toyota, Mitsubishi, Hitachi, Honda.
23:01They're all coming into the United States.
23:03We have a lot of car plants opening up because of tariffs.
23:06They don't want to pay tariffs.
23:07And frankly, Japan is sponsoring many of them because that way you don't have to pay the tariffs.
23:14Without the tariffs.
23:15I mean, tariffs are about national security.
23:18And we're making a lot of money.
23:19We're going to pay, start paying down debt very soon.
23:23We have a lot of debt because we, honestly, we didn't know what the hell we were doing as a country.
23:29GDP growth in the second quarter was an amazing, almost 4%.
23:35Nobody thought they thought it was going to be 2%.
23:37They had no idea.
23:38Just announced 4%, almost 4%.
23:41And then the next quarter, I don't know, I think it can go much higher.
23:45I think when we kick in, when these plants start to open, we're building many of them.
23:50And a lot of them are car plants.
23:52But, you know, you keep hearing about the AI, and that's obviously the biggest thing right now.
23:57And nobody's doing like we're.
23:58But we have a lot of other plants coming in.
24:00But a lot of car plants are coming in.
24:02They're coming in from other countries.
24:04And next quarter, I think you're going to see maybe 4%, maybe more.
24:10But when these plants start opening up, you're going to see numbers that are going to be shocking.
24:15Energy prices are down.
24:17Gasoline are down.
24:18Groceries are down, except for the beef, which I'll get down to.
24:23Our ranchers were, for 25 years, they did poorly.
24:29And I put tariffs on some.
24:31It was just too much.
24:32They couldn't compete.
24:33They were going out of business.
24:35And maybe they're doing too good now.
24:38But we want them to do well.
24:40But we have to get the beef prices down.
24:43So that's, you know, it's an easy problem to solve.
24:45But we'll always take care of our ranchers, too.
24:47And they were with me 100%.
24:48They've been with me from the beginning.
24:50You know, we had an election that was too big to rig.
24:52We had to get it.
24:53I would constantly say, too big to rig.
24:56Don't believe polls that were way up.
24:58Just you got to go and vote.
24:59You know, when the polls are too high, people say, let's go to a movie and we'll go home
25:03and watch our president win.
25:05But I said, you got to go because we have a very corrupt election process.
25:11And you need that.
25:12You need borders.
25:13And you need a fair press.
25:14And the press is slightly better.
25:16I'd say, you know, slightly.
25:19But it'll get better.
25:20I think it's getting better and better because otherwise they're going to lose all credibility
25:23and nobody's going to be watching or listening to them.
25:27But you need strong borders and you need good voting.
25:31And we're getting them both much better.
25:34The mortgage rates, except for the fact that we have an incompetent head of the Fed.
25:37I think he's incompetent or a bad guy, you know.
25:40But despite that, mortgage rates are down.
25:43Who could believe that?
25:43We have an anti-person.
25:46I call him too late.
25:47He's always too late.
25:48He's been too late.
25:51And Jerome, too late Powell.
25:55So somebody gave me a bad reference on him.
25:57I put him in based on some guy that turned out to be not so hot.
26:03And we got a bad Fed guy, but he'll be out of there a few months.
26:07And we'll get somebody new.
26:10I guess, Scott, you have a long list of people that want it.
26:12If anybody has any suggestions, because we really do.
26:17We have, you know, all the people that are being talked to.
26:20If you have a suggestion, just shout it out.
26:23Just shout it out.
26:24Mark, do you have a suggestion?
26:26Mark has some pretty good suggestions.
26:28He put me on the cover of Time magazine.
26:30That was a nice picture.
26:31Thank you very much for that.
26:33That was very good.
26:34It was a nice story, too.
26:35Thank you very much.
26:37I've been on the cover almost 50 times.
26:39But Mark, I can only use 17 of them.
26:42You know, meaning the rest of them aren't so good.
26:4517 are great.
26:47This one was very good.
26:48I just go up.
26:49Now I have 18.
26:51Thank you very much.
26:52I'll see you in a little while.
26:54But mortgage rates are down.
26:57And we're rapidly building the greatest economy, I think, in history.
27:04I mean, look, bad things can happen.
27:06You know, we're doing great.
27:07And even after COVID, we had the best four years.
27:10But all of a sudden, COVID, things happen.
27:14Things happen.
27:15I hope things don't happen here.
27:17But we were doing numbers like nobody had ever seen before.
27:20Not as good as we're doing now.
27:22And then all of a sudden, we started hearing about people dying in different places of the world.
27:29China and other places.
27:32And we have a COVID.
27:34We have a pandemic all of a sudden.
27:37And, you know, things like that happen.
27:38But hopefully that won't happen in this case, in this term.
27:43But we did a good job in handling it.
27:45We made more machinery and everything else.
27:50We did great with the therapeutics, Regeneron.
27:53And we did the vaccine.
27:55We got the vaccine approved in nine months.
27:57And there were many people that say that we saved 50 million lives worldwide.
28:03Not everybody agrees with that.
28:04But a lot of people say we saved 15, 50 million lives.
28:09You know, in World War II, I guess we lost close to 100.
28:12People don't know that it was so bad, the Spanish flu, that it actually ended the war.
28:16That was what stopped the First World War.
28:20But we were on our way to really terrible numbers.
28:23We had obviously so many million people died.
28:26That was a terrible thing.
28:28But things happen.
28:29And things that you wouldn't think of.
28:31Who would have thought pandemic?
28:32I thought that was like an ancient problem.
28:34It wasn't a modern day problem.
28:36But a lot of people did a great job there.
28:39And we ended up with the four years.
28:42We actually ended up when I left with a stock market price that was higher than it was before the pandemic came in.
28:50Who would think that was even possible?
28:51Because we were rocking and rolling.
28:53And then that happened.
28:54And we ended up higher.
28:55The stock market was higher than it was just prior to hearing about this horrible plague.
29:00So just as importantly, we've implemented the largest regulation cuts in the history of our country, even larger than we had.
29:09We had the biggest by four times the biggest regulation cuts in history in my first term.
29:15And we're going to be doing that.
29:17And we're cutting, as you know, if we add one regulation, one new regulation, you have to cut eight or ten, eight to ten.
29:25So you add one and it's OK.
29:28And you cut ten.
29:29And we started at eight.
29:31Now we're ten, including massive reductions in the red tape for the infrastructure and the rapid approvals, et cetera.
29:38But this includes the upcoming liquefied natural gas pipeline in Alaska, which we have well underway to export vast amounts of American energy.
29:47And Japan is one of the big customers, by the way.
29:50And, you know, the slogan, our slogan.
29:53And we have fantastic people.
29:54Chris Wright is phenomenal.
29:56Doug Bergam is.
29:57Doug is fantastic.
29:58Those two guys are like a partnership.
30:00They're unbelievable.
30:01I'm sure you're dealing with them very successfully.
30:05But our motto was drill, baby, drill.
30:07That's a little different than people that say you can't, you know, drive energy through the roof.
30:12And I think you're going to see two dollar gasoline pretty soon.
30:14And that's like bigger than a tax cut.
30:16That's the equivalent of something bigger than a tax cut.
30:20So in support of Japanese companies like SoftBank, we're pursuing a very bold national policy to keep the United States the world's leader in artificial intelligence.
30:30We have some of the greatest in artificial intelligence right here.
30:35They were the ones that showed me some things.
30:37I said, you've got to be kidding.
30:39It's fantastic.
30:41My uncle was a great professor at MIT, and he was always ahead of the game.
30:45He was a smart guy.
30:46He was different.
30:47He has a distinction of being at MIT, the longest serving professor in the history of MIT, Dr. John Trump.
30:53And he was always ahead of the game.
30:55And when I see some of the things that are happening, you guys are really ahead of the game.
30:59And we're speeding construction of AI infrastructure and bringing production of the critical chips and semiconductors back onshore.
31:09And I want to congratulate Jensen because he's been really amazing.
31:14He's an amazing guy.
31:15Brilliant guy.
31:16I'm seeing him tomorrow.
31:18Eleven days ago, NVIDIA and TSMC announced that they have produced a very fast, first rate, state-of-the-art, the Blackwell.
31:27It's like, I don't know, people say 10 years advanced.
31:31Who knows?
31:32But a lot.
31:33And it's entirely made in the USA.
31:36As you know, TSMC and NVIDIA are spending hundreds of billions of dollars now in the United States.
31:44And many other chip makers are, too.
31:47It's incredible, actually, to see what's happened in literally a period of now it's a little bit less than nine months.
31:55And don't forget, we had to celebrate for a couple of weeks.
31:58So I have to sort of deduct once we won, we celebrated.
32:01And we shouldn't have done that.
32:02We should have started immediately, not wasted eight days.
32:06But we really didn't.
32:09America is, once again, a manufacturing nation and something that we haven't talked about for a long time.
32:17Japan has been with us all the way.
32:19And it's amazing that we had a little conflict with Japan.
32:23You may have heard about it.
32:24And that after such a horrible thing, yet the two nations are the closest friends and partners that you can be.
32:34And based on a shared commitment to freedom, democracy, security, prosperity, civilization, and just basic human achievement.
32:43It's amazing, actually.
32:44As some of you may know, this very residence was once the home to the great General Douglas MacArthur.
32:50I don't know if you ever heard, he was supposed to be, he graduated number one in his class at West Point.
32:55But they say that he was the single greatest student in the history of West Point.
32:59Now, I don't know how they go about doing that.
33:00You know, I could see number one for the year.
33:02I could see number one for graduating.
33:04But they say he was the greatest student.
33:06He was a great intellect.
33:07A lot of people don't know that about General Douglas MacArthur.
33:11The moment that the peace was signed 80 years ago, that very brilliant man said about building a friendship between our two countries that has grown and deepened.
33:22And he actually wrote the Constitution here.
33:25And he did it all by himself.
33:28He was an intellect.
33:29And still the Constitution.
33:32Our partnership has been an extraordinary blessing to the world.
33:35If you look at what's happened and what's come out of it, I think a lot more is going to come out of it than even in the past.
33:41And I look forward to expanding it even further.
33:44We will do that.
33:45And I'm so happy to have gotten to know your new prime minister.
33:50I think she's going to go down as great.
33:51She was a real friend and ally of, as I told you, a great man.
33:59Shinzo Abe, he was really a great man.
34:01He was a great prime minister.
34:02And she was an absolute ally, and he would have been very happy if he knew that she was very heavily supported and ultimately winning for prime minister.
34:15So she's going to do it.
34:16I think she's going to do a great job.
34:18She's got all of our support.
34:19But I want to thank everybody for being here.
34:21You're an amazing group of people.
34:23It's, I mean, each one of you has a story like really no other.
34:27And it's an honor to be here.
34:29We traveled long and far to long flight, going to Malaysia, then say, let's stop over.
34:35Let's stop over.
34:36But we wanted to be here for this because it's very special.
34:40And keep up the good work.
34:41And remember that you have a great friend and ally.
34:44And if you can't get Scott and Howard and all of our people, Marco, to get it done, call me and I'll override them if I have to.
34:52I will override it.
34:54But I want to thank you all very much.
34:55And I want to thank my cabinet for doing a great job.
34:57Thank you.
34:58Thank you very much.
34:59Thank you very much.
35:06Thank you very much.
35:29Grazie a tutti
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