Trump Sparks Awkward Laughter in Oval Office With Car Industry Jokes

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00:00The action is expected to save the typical consumer at least $1,000 off the price of

00:05a new car, and we think substantially more than that.

00:09Under the Trump administration, $70 billion are now being invested in the American auto

00:15industry.

00:16Ford has announced it will invest $5 billion, of course, as Kentucky and Michigan plants.

00:21Is that a correct statement?

00:22That's right.

00:23That's a lot, $5 billion.

00:24You could do more.

00:28We're creating at least 4,000 new jobs.

00:30Stellantis announced it will invest $13 billion to expand its U.S.-based manufacturing by more

00:36than 50 percent and open new manufacturing facilities across the country.

00:40And I think a big part of that is also the tariffs.

00:44Because of tariffs, they're coming in.

00:47Not only the automobile industry, AI.

00:49We're leading China in AI.

00:50We're leading everybody in AI.

00:52We're leading everybody in everything.

00:54We have the hottest country right now.

00:56I will tell you, a lot of political people behind me, great political people, very successful

01:01political people.

01:03We have the hottest country anywhere in the world.

01:06One year ago, we had a dead country.

01:09And now we have the hottest country anywhere in the world.

01:11And it started from November 5th.

01:13But it also started when we did the tariffs.

01:15And we've had tremendous support on the tariffs.

01:17It's bringing in trillions of dollars of wealth.

01:21It's bringing in national security.

01:24And I've stopped eight wars.

01:26And of the eight wars, five of them have been because of tariffs and trade.

01:30So they're very important.

01:31And General Motors plans to invest $4 billion as it brings its manufacturing back to the United

01:37States from Mexico.

01:39After falling by 5 percent under Biden, U.S. auto production has surged by 10 percent so

01:45far this year.

01:46You know, I won the autoworkers vote.

01:49But now even the head of the autoworkers said, Trump is the greatest president we've ever seen.

01:54And he happens to be right about that, but we're protecting our autoworkers and we're making

02:00it easier for every family to afford high-quality cars.

02:04In other words, we're bringing automobiles back and the manufacturing of automobiles back

02:09into this country.

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