- 1 hour ago
President Donald Trump said he could do anything he wanted in his first reaction to a landmark ruling by the US Supreme Court on Friday that struck down his global tariffs, dealing a major blow to his second-term trade agenda.
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00:08The President of the United States
00:08Wow, got a lot of people.
00:11That's a new record.
00:12We set a record every time.
00:15Well, thank you very much for being here.
00:18The Supreme Court's ruling on tariffs
00:21is deeply disappointing.
00:25And I'm ashamed of certain members of the court,
00:28absolutely ashamed, for not having the courage
00:31to do what's right for our country.
00:34I'd like to thank and congratulate Justices Thomas,
00:38Alito, and Kavanaugh for their strength and wisdom
00:43and love of our country, which is, right now,
00:46very proud of those Justices.
00:50When you read the dissenting opinions,
00:52there's no way that anyone can argue against them.
00:56There's no way.
00:59Foreign countries that have been ripping us off for years
01:02are ecstatic.
01:04They're so happy.
01:06And they're dancing in the streets,
01:08but they won't be dancing for long.
01:11That I can assure you.
01:12The Democrats on the court are thrilled,
01:17but they will automatically vote no.
01:19They're an automatic no, just like in Congress.
01:21They're an automatic no.
01:24They're against anything that makes America strong,
01:27healthy, and great again.
01:29They also are a, frankly, disgrace to our nation,
01:34those Justices.
01:36They're an automatic no, no matter how good a case you have.
01:39It's a no.
01:41But you can't knock their loyalty.
01:45It's one thing you can do with some of our people.
01:51Others think they're being politically correct,
01:54which has happened before far too often
01:57with certain members of this court,
01:59and it's happened so often with this court.
02:02What a shame, having to do with voting in particular,
02:07when, in fact, they're just being fools and lapdogs
02:10for the Rhinos and the radical-left Democrats,
02:12and not that this should have anything at all to do with it.
02:17They're very unpatriotic and disloyal to our Constitution.
02:21It's my opinion that the court has been swayed
02:24by foreign interests and a political movement
02:27that is far smaller than people would ever think.
02:30It's a small movement.
02:34I won by millions of votes.
02:36We won in a landslide.
02:38With all the cheating that went on, there was a lot of it.
02:41But we still won in a landslide.
02:42Too big to Rick.
02:44But these people are obnoxious, ignorant, and loud.
02:47They're very loud.
02:48And I think certain Justices are afraid of that.
02:52They don't want to do the right thing.
02:54They're afraid of it.
02:56This was an important case to me.
02:58More is a symbol of economic national security.
03:03And also, I would say, just for our country itself,
03:09so important because we're doing so well as a country.
03:12We've never done so well.
03:13The good news is that there are methods, practices,
03:18statutes, and authorities as recognized by the entire court
03:23in this terrible decision and also as recognized by Congress,
03:28which they refer to, that are even stronger
03:31than the IEPA tariffs available to me
03:33as President of the United States.
03:35And in actuality, I was very modest in my ask
03:39of other countries and businesses
03:40because I wanted to do, and it's very important,
03:46I wanted to be very well-behaved
03:49because I wanted to do anything.
03:51I didn't want to do anything that would affect
03:52the decision of the court because I understand the court.
03:57I understand how they are very easily swayed.
04:01I want to be a good boy.
04:04I have very effectively utilized tariffs over the past year
04:09to make America great again.
04:11Our stock market has just recently broken 50,000 on the Dow.
04:17And simultaneously, and even more amazingly, broken 70,
04:23broken 7,000 on the S&P, two numbers that everybody thought
04:27upon our landslide election victory could not be attained.
04:32Think of that.
04:34Nobody thought it was possible to do it within four years,
04:36and we did it in one year.
04:39They said, you'll never be able, you'll go back and you read the geniuses,
04:44read their statements, all of the Nobel Prize winners in economics.
04:50They said, no, you couldn't do it in four years.
04:53Well, we didn't do it in four years.
04:55We did it in one year.
04:56We broke every record in the book, and we're continuing to do so.
05:01Tariffs have likewise been used to end five of the eight wars that I settled.
05:07I settled eight wars, whether you like it or not,
05:09including India, Pakistan, big ones, nuclear.
05:12Could have been nuclear.
05:14Prime Minister Pakistan said yesterday at the great meeting that we had,
05:20the Peace Board, he said yesterday that President Trump
05:25could have saved 35 million lives by getting us to stop fighting.
05:29They were getting ready to do some bad things.
05:32But they've given us great national security, these tariffs have.
05:36And together with our strong borders,
05:38reduced fentanyl coming into our country by 30 percent.
05:43When I use them as a penalty against countries illegally sending this poison
05:48into our country to poison our youth,
05:52all of those tariffs remain.
05:53They all remain.
05:55I don't know if you know that or not.
05:57They all remain.
05:58We're still getting them.
06:00And we will after the decision.
06:02I guess there's nobody left to appeal to.
06:04But again, those three people, such respect.
06:07I've had a lot of respect for them anyway, but such great respect.
06:11But other alternatives will now be used to replace the ones that the court incorrectly rejected.
06:17We have alternatives, great alternatives.
06:21Could be more money.
06:22We'll take in more money and we'll be a lot stronger for it.
06:25We're taking in hundreds of billions of dollars.
06:28We'll continue to do so.
06:30To show you how ridiculous the opinion is, however, the court said that I'm not allowed to charge even one
06:37dollar.
06:37I can't charge one dollar.
06:40Can't charge a dollar.
06:42I would have used one penny, but we don't make the pennies anymore.
06:45We save money.
06:47Can't charge one dollar to any country under AIPA.
06:51Not one dollar, I assume, to protect other countries.
06:55This must have been done to protect those other countries.
06:57Certainly not the United States of America, which they should be interested in protecting.
07:03That's what they're supposed to be protecting.
07:05But I am allowed to cut off any and all trade or business with that same country.
07:11In other words, I can destroy the trade.
07:13I can destroy the country.
07:15I'm even allowed to impose a foreign country-destroying embargo.
07:19I can embargo.
07:21I can do anything I want, but I can't charge one dollar.
07:26Because that's not what it says.
07:28And that's not the way it even reads.
07:31I can do anything I want to do to them, but I can't charge any money.
07:38So I'm allowed to destroy the country, but I can't charge them a little fee.
07:42I could give them a little two-cent fee, but I cannot charge under any circumstances.
07:48I cannot charge them anything.
07:50Think of that.
07:51How ridiculous is that?
07:52I'm allowed to embargo them.
07:54I'm allowed to tell them you can't do business in the United States anymore.
07:57We want you out of here.
07:59But if I want to charge them $10, I can't do that.
08:03It's incorrect.
08:04Their decision is incorrect.
08:05But it doesn't matter, because we have very powerful alternatives that have been approved
08:11by this decision.
08:12You know, they've been approved by the decision, for those that thought they had us.
08:17And they're saying that I have the absolute right to license, but not the right to charge
08:23a license fee.
08:24So think of that.
08:25I have the right to license, which is a very powerful word.
08:28In many ways, license is more powerful than tariffs.
08:30In fact, I was thinking about using it.
08:32But they came up with the idea that I can license, just like the people that were opposing me
08:39told them to do, but not the right to charge a license fee.
08:44Think of that.
08:45Whoever heard of such a thing?
08:46What license has ever been issued without the right to charge a fee?
08:50You get a license, you charge a fee.
08:52It's automatic, but not with this court.
08:54But now the court has given me the unquestioned right
08:57to ban all sorts of things from coming into our country, to destroy foreign countries.
09:03But a much more powerful right than many people ever thought we even had,
09:09but not the right to charge a fee.
09:11How crazy is that?
09:13Our country is the hottest country anywhere in the world right now.
09:18And it was a dead country one and a half years ago under an incompetent president.
09:23But now I'm going to go in a different direction, probably the direction that I
09:30should have gone the first time.
09:32But I read the language.
09:34I'm very good at reading language, and it read our way 100 percent.
09:37But now I'll go the way I could have gone originally, which is even stronger than our original choice.
09:44As Justice Kavanaugh, whose stock has gone so well, you have to see.
09:49I'm so proud of him.
09:51Wrote in his dissent.
09:54Although I firmly disagree with the courts holding today,
09:58the decision might not substantially constrain a president's ability to order tariffs going forward.
10:28That's because numerous other federal statutes,
10:34which is so true, authorized the president to impose tariffs and might justify most,
10:40if not all, of the tariffs issued in this case.
10:45Even more tariffs, actually.
10:47Those statutes include, think of that, those statutes include, for example,
10:54the Trade Expansion Act of 1962, Section 232.
10:59All of these things I know so well.
11:02The Trade Act of 1974, Section 122, 201, 301.
11:08And the Tariff Act of 1930, Section 338.
11:12All clear.
11:13But it's a little bit longer process.
11:15I thought I'd make things simple.
11:18But they didn't let us do that.
11:19I would like to thank Justice Kavanaugh for, frankly, his genius and his great ability.
11:26I'm very proud of that appointment.
11:30In actuality, while I am sure that they did not mean to do so, the Supreme Court's decision
11:36today made a president's ability to both regulate trade and impose tariffs more powerful and more crystal clear rather than
11:46less.
11:47I don't think they meant that.
11:49I'm sure they didn't.
11:52It's terrible.
11:54And to think that the Democrats who oppose this is only because they want to go the opposite way.
12:00They'd like to pack the court.
12:01They want to put on 21 people.
12:03They want to pack the court.
12:04Pack the Supreme Court.
12:06Maybe they should do it.
12:07Maybe they would be better off if they did it.
12:09They want to pack the court.
12:12They want to do anything to hurt our country.
12:15There will no longer be any doubt.
12:18And the income coming in and the protection of our companies and country
12:22will actually increase because of this decision.
12:27I don't think the court meant that, but it's the way it is.
12:31Based on longstanding law and hundreds of victories,
12:34and even as I was pointed out before, even thousands of victories over the years,
12:39to the contrary, the Supreme Court did not overrule tariffs.
12:44They merely overruled a particular use of IEPA tariffs.
12:50And essentially, it's used to get a fee.
12:53I can do anything I want with IEPA.
12:55Anything.
12:56I just can't charge anybody for it.
12:59I can license.
13:01I just can't charge them.
13:02It's ridiculous, but it's okay because we have
13:05other ways, numerous other ways.
13:08The ability to block, embargo, restrict, license, or impose any other condition
13:16on a foreign country's ability to conduct trade with the United States under IEPA
13:23has been fully confirmed by this decision.
13:26So now, there's no doubt because, you know, there were a lot of questions about tariffs
13:30because no president was smart enough to use them to protect our country from those countries
13:35and businesses that were ripping us off.
13:38You took a look at the deficits that we had with some of these countries.
13:41It was disgraceful what they got away with for many, many decades.
13:45But now we know because this decision affirms all those things that some people weren't sure about.
13:52In order to protect — and it says so — in order to protect our country,
13:57a president can actually charge more tariffs than I was charging in the past
14:04period of a year under the various tariffs authorities.
14:09So we can use other of the statutes, other of the tariff authorities,
14:15which have also been confirmed and are fully allowed.
14:21And therefore, effective immediately, all national security tariffs under Section 232
14:28and existing Section 301 tariffs — they're existing, they're there — remain in place,
14:35fully in place, and in full force and effect.
14:40Today, I will sign an order to impose a 10 percent global tariff under Section 122,
14:46over and above our normal tariffs already being charged.
14:50And we're also initiating several Section 301 and other investigations to protect our country
14:58from unfair trading practices of other countries and companies.
15:05Thank you for your attention to this matter.
15:07And I say quite simply, which I've said for a long time,
15:13make America great again.
15:14And interestingly, we've already made it great.
15:17So I don't have to use that.
15:19But I don't think we'll ever give up on MAGA.
15:20MAGA is always going to be with us.
15:23If you have a few questions, you can let us know.
15:27But just to end — so, we're going forward — we will be able to take in more money.
15:33And there'll no longer be doubt, because there was always doubt.
15:37I know the people that brought the lawsuit — and, you know, they're sleazebags — major sleazebags.
15:42But I know them.
15:43And they're foreign country-centric.
15:48They were sending things into our country.
15:51And the people representing them knew full well.
15:55But they were sending things into our country.
15:57And they were beneficial to other countries, but very, very bad for us.
16:02And I stopped it. And we'll just keep it going.
16:05So we have more of a — we have a totally firm decision now.
16:09And I don't think the Court meant it, because the Court doesn't show great
16:14spirit toward our country, in my opinion.
16:17A lot of bad decisions.
16:18But there are usually ways around it.
16:21This is something we could have done, as Justice Kavanaugh said.
16:24We could have done this originally, but we're doing it now.
16:26And the numbers could be far greater than the hundreds of billions we've already taken in.
16:31Yeah, please.
16:32Thank you, Mr. President.
16:33Thank you, Mr. President.
16:34Mr. President, I'm very curious —
16:37I didn't call you.
16:37In the red.
16:38Thank you so much, Mr. President.
16:40Justice Thomas and Alito, as you know, are the most conservative constitutional justices.
16:44Do you think that you'll get to appoint two more justices later this term
16:47with similar ideologies?
16:49And what type of vetting process will they go through to ensure the uphold of the Constitution?
16:52I don't know, but they're great justices.
16:54That's all I can say.
16:55And I hope they're going to be around a long time.
16:57I hope they're going to stay healthy.
16:58They're great people.
16:59They're great — and Justice Alito, too — to add to the group.
17:03These are great — these are great men.
17:05Right.
17:05They're with a great love of our country and a great understanding of the law.
17:10Mr. President, are you going to ask Congress to take additional action on tariffs now?
17:15I don't need to.
17:16It's already been approved.
17:17I mean, I would ask Congress and probably get it.
17:20When people look at the real numbers,
17:23and you look at hundreds of billions of dollars that have come into our country —
17:27yesterday, I was at a steel plant, as you know.
17:30And I went to a great, great place, great plant, great, wonderful people.
17:36And they were telling me — I said to them,
17:38you were there, a lot of the press in this room.
17:41Of course, I don't think the plane's big enough to take the press in this room.
17:45But a lot of the press right here — we're in Georgia.
17:49And I said to the owner — I made a speech at a factory.
17:52They made steel products.
17:54And I said, how are you?
17:56Nice to meet you.
17:57How's business?
17:59President, I'd love to kiss you.
18:01This is a very powerful man.
18:03I don't want to be kissed by that man.
18:05But a very powerful, strong man.
18:07He's been in the steel business for many years.
18:09His father started it.
18:11And he said, sir, I want to kiss you.
18:13I said, why?
18:14He said, because we were down to working one hour a week.
18:18And then you came in and imposed tariffs.
18:20And all of that foreign junk that they were dropping into our country stopped.
18:26And we're now going to double shifts seven days a week.
18:30And we may be very soon going to 24 hours around the clock, almost seven days a week.
18:35He said, sir, I want to kiss you so badly.
18:38And I said, no, thank you.
18:40But you know what?
18:41He just — and just to finalize it, he said, oh, this is a great place in Georgia — in
18:47Georgia.
18:47He said, all up and down the highway — same exact answer, sir.
18:53We're all going out of business.
18:54We're going to go bankrupt.
18:55We're all going out of business.
18:57And now every one of us is thriving.
18:59And we're hiring people like we haven't — he said, like I've never — and he's been in
19:05business for, I think, 45 years, like we've never hired before.
19:08That's because of tariffs.
19:10And we're going to keep it going the same way.
19:12And you're going to start to see the results in a year from now.
19:14When all those factories start — that are under construction right now,
19:17you see all the construction numbers are so good.
19:20Those construction workers are building factories that are going to be open,
19:23including not only AI, which is big, but car plants coming in from Canada,
19:29who ripped us off for 30 percent of our market.
19:32Mexico ripped us off for a big portion.
19:34Over the years, they've taken our market.
19:37They've taken our cars.
19:38They manufacture them in Japan, Germany, and all over the place,
19:42because nobody standing in this position — the position I have as President of the United States —
19:48had the insight, the current — I don't know what it is to charge tariffs.
19:55You can make your product outside.
19:56You can put our people out of business.
19:58You can put everybody on the unemployment rolls.
20:02But if you're going to make a car in some other country,
20:04you're going to pay a 15, 20, 30 percent tariff.
20:07And those things would have never happened.
20:09We wouldn't have lost our business.
20:10Same thing with — as an example, Taiwan.
20:13Taiwan came in.
20:15They stole our chip business.
20:16They made chips for 30 years longer.
20:20They made chip, chip, chip.
20:21And they put our companies — Intel would be now the largest company.
20:27I saved Intel.
20:28I literally saved it at the beginning of this administration.
20:32And now all those companies in Taiwan are building factories in Arizona, Texas,
20:39and various other places because they don't want to pay tariffs.
20:42They're all pouring into the United States.
20:44But just like that great patriot said yesterday,
20:48sir, what you've done nobody thought was possible.
20:52And Steve Moore, a highly respected economist, came into my office yesterday.
20:57He said, you've done something nobody's ever done.
21:00Twenty-two Nobel Prize winners in economics said we would right now be in a recession.
21:08And you said, no, we're going to have a booming country.
21:11We're going to have a booming country.
21:12You were right.
21:13All 22 were wrong.
21:15And you were right.
21:17This country is booming and is booming because of the election on November 5th.
21:22And it's booming for another reason.
21:24It's booming because of tariffs.
21:25Yeah, please go ahead.
21:27The Pressure Leader
21:27The Pressure Leader
21:28He said ahead of this decision that the Supreme Court-
21:32Go ahead.
21:32The Pressure Leader
21:32Thank you, Mr. President.
21:33What will you say to foreign nations who seek to renegotiate their deals?
21:36And what did you mean a moment ago when you said that the Supreme Court has been swayed by foreign
21:41interests?
21:42Well, I think that foreign interests are represented by people that I believe have undue influence.
21:49They have a lot of influence over the Supreme Court, whether it's through fear or respect or friendships.
21:55I don't know. But I know some of the people that were involved on the other side, and I don't
22:00like them.
22:00I think they're real slimeballs. And got to do what's right for the country.
22:05You got to do what's right for the Constitution. That's why I respect so much Justice Thomas and Alito, Kavanaugh,
22:13because they not only dissented.
22:16Their dissent is so strong. When you read their dissent, you know, a lot of times you'll read a dissent
22:20and it's like, well, you don't know.
22:22It could go either way. There's no other way. The good news is it's like Justice Kavanaugh said, very strongly
22:28said, you have other ways you can go.
22:30You don't have to go that way. You can go other way. There are numerous other ways you can go.
22:34And frankly, this should have been done by presidents many years ago.
22:38They allowed our country to be eaten alive. We lost 50 percent of our car business.
22:44We used to make cars. We made all the cars.
22:46And then Mexico came. Canada came. Japan and Germany.
22:51But they're all coming back now. They're all coming back at record level.
23:02I'm not talking to you. I'm talking. I don't talk. I don't talk to CNN. It's fake news. Go ahead.
23:08Mr. President, yesterday you made the case that the economy is the hottest it's been in a long time.
23:12January job support beat expectation. CPI report beat expectation. Real wages are.
23:17What would you tell Americans who are worried that this decision will kind of throw the economy that you have
23:22projected going in the right direction at a very rapid pace off track?
23:26Well, thank you for the question. And I will say this. We really are at a very important point.
23:33I've been waiting for this decision so long. They could have made this decision a long time ago.
23:38Not complex. They're wrong on it. It's a ridiculous decision.
23:41But they should have released us a long time ago. We waited months. And that gave uncertainty. Now we have
23:47certainty.
23:48And I think you're going to see the country get much stronger because of it.
23:51Look, we were ripped off by almost every country in the world.
23:55If you look at the surpluses, almost every country in the world that did business with us, our people were
24:01stupid.
24:02And I blame presidents for it because they're ultimately the leader.
24:06We were being ripped off by almost every single country in the world had massive, some massive surpluses.
24:14China had hundreds of billions of dollars in surpluses with the United States.
24:19They rebuilt China. They rebuilt the army.
24:21We built China's army by allowing that to happen.
24:24I have a great relationship with President Xi, but he respects our country now.
24:28Now, what we've done, I charged China a 20 percent tariff as a penalty for sending fentanyl in.
24:35And that was 20 times more than they could make by selling fentanyl.
24:40And I said, you know, at some point you're going to say like, and they have reduced it.
24:44You know, fentanyl is down by more than 30 percent coming into our country.
24:47Part of that is a strong border. We have a strong border now.
24:51But thank you. Thank you for your pleasure.
24:54Mr. President, sir, you warned once in a social media post that if the Supreme Court did this,
25:01shot down your tariffs, the U.S. would be, quote, financially defenseless.
25:06Are we financially defenseless?
25:07No, because we're doing something in a different way.
25:10We're doing something in a very powerful way.
25:13And we're using things that some people thought we should have used in the first place.
25:17But it's more complicated. It's a little more complicated.
25:20The process takes a little more time.
25:22But the end result is going to get us more money.
25:24And I think it's going to be great.
25:26Yeah, please.
25:28Peter, go ahead.
25:28Thank you, President Trump.
25:29So since Liberation Day, there's about $175 billion in tariff revenue that is now in limbo.
25:37Do you have to refund $175 billion?
25:40Thank you, Peter. Very fair question.
25:42They take months and months to write an opinion.
25:46And they don't even discuss that point.
25:48We've taken in hundreds of billions of dollars, not millions, hundreds of billions of dollars.
25:55And so I said, well, what happens to all the money that we took in?
25:58It wasn't discussed.
26:00Wouldn't you think they would have put one sentence in there saying that keep the money or don't keep the
26:05money, right?
26:05I guess it has to get litigated for the next two years.
26:09So they write this terrible, defective decision, totally defective.
26:16It's almost like not written by smart people.
26:19And what they do, they don't even talk about that.
26:21Your question is very basic.
26:22That was the first question I asked also to make you feel good.
26:25I said, what about all the money that we've taken in?
26:27Sir, they don't discuss that.
26:29How crazy is that?
26:33What you're saying is, are you saying that you don't plan to honor refunds for companies that file for them?
26:38I just told you the answer, right?
26:40I told you the answer.
26:41It's not discussed.
26:42We'll end up being in court for the next five years.
26:48Go ahead.
26:49Green.
26:49Green.
26:49Thank you, Mr. President.
26:51When you are talking about the relationship with countries that you have sought trade deals with,
26:56do you anticipate that they will seek to renegotiate those?
27:00What do you say to them?
27:01And do you view this as a potential undermining power for your negotiations?
27:05Well, we're going straight ahead with 10 percent straight across the board,
27:08which is the absolute right to do.
27:11And that's taking place.
27:13That's a lot of money coming into our country.
27:15And then during that period of about five months,
27:17we are doing the various investigations necessary to put fair tariffs or tariffs, period, on other countries.
27:28So we're doing that period.
27:29But we're immediately instituting the 10 percent provision, which we're allowed to do.
27:33And in the end, I think we're taking more money than we've taken in before.
27:36Mr. President, you've used the tariff revenue to pay for a host of federal policies.
27:45You claim that they will pay for them.
27:47What happens?
27:48Well, like the farmers, we took care of farmers.
27:50You know, the farmers were mistreated by foreign countries very badly, very, very badly.
27:55And last week, I gave them $12 billion out of tariff money.
28:00We intend to, out of tariff money, because we're, just so you understand, we have tariffs.
28:06We just have them in a different way.
28:08And now they've been confirmed by the Supreme Court of the United States.
28:12So there's no longer that question out there about tariffs.
28:16And we'll be taking in hundreds of billions of dollars.
28:19And countries that have treated us badly will have to pay a price for treating us badly.
28:24And countries that have been good to us will be treated very well.
28:27Well, we just left the top person in a place called Vietnam, just left my office.
28:34Great gentleman, strong and smart.
28:38He said, you know, I think this means you're allowed to charge us more tariffs than before.
28:44And Canada said to Jameson, I might want to say it, Jameson.
28:49But Canada said, I hope you win this decision, because if you don't win, you'll actually be allowed to charge
28:54us, with a little additional work, higher tariffs.
28:57Jameson, you want to comment on that?
29:00Yes, sir.
29:01So to the President's point, we have a lot of tools out there.
29:04We have Section 122, which will be implemented today, will be signed today and implemented very shortly.
29:10We have Section 301 investigations, which are incredibly legally durable, where we can address, investigate and address unfair trading practices
29:18that have led to our huge trade deficit.
29:20And so you can look forward in the coming days and weeks to seeing all of that come out, and
29:25we're going to keep continuity in the program, we're going to keep addressing this so that the deficit can keep
29:30going down, that's the trend it has, and we can make America great against it.
29:37Several of Republicans in Congress have supported this decision by the Supreme Court, and Hakeem Jeffries, the Democratic leader, has
29:45called you a wannabe king.
29:47Why wouldn't you?
29:47I'm going to call him a low IQ.
29:48But why wouldn't he doesn't even know, and I watched him the other day interview, the guy doesn't even know
29:53what a tariff is.
29:54But there's been bipartisan criticism of the tariffs.
29:56No, not bipartisan. Excuse me.
29:57There's several Republicans that have said that.
29:59Yeah, a few people.
30:00But why wouldn't you just work with Congress to come up with a plan to push tariffs through?
30:04I don't have to. I have the right to do tariffs, and I've always had the right to do tariffs.
30:07It has all been approved by Congress, so there's no reason to do it.
30:10All we're doing is we're going through a little bit more complicated process.
30:14Not complicated very much, but a little more complicated than what we had.
30:18We'll be able to take in tariffs, more tariffs.
30:20And the Congress people, and the Congress...
30:22The House just voted down the Canadian tariffs last week.
30:24There's been votes in the Senate against it.
30:26Yeah, you know why?
30:26Yeah, because we lost two Republicans or three Republicans because they're not good Republicans.
30:32What you don't say, see, you don't say that we had, that we got 215 votes.
30:37You need 215 for something to pass.
30:39Yeah, sure we do.
30:40We might have lost three votes, and we got — and what was the score on the Republican side?
30:45215 to 3, right?
30:46But you don't say that.
30:47We have great unity.
30:49There's great unity in the Republican Party, and I hope everyone is going to vote Republican
30:53because otherwise you won't have a country left.
30:55Because these people have been destroying — they are destroying our country.
30:58Please.
30:59Mr. President, the 122 tariffs, that 10 percent, is that going to be for 150 days, or do you
31:06want to charge that indefinitely?
31:07We have a right to do pretty much what we want to do, but we're going to charge it starting
31:11effectively.
31:11I think it's three days from now.
31:13Yeah, please.
31:13Mr. President, you speak to a lot of factory workers, a lot of manufacturing workers.
31:18What does the Supreme Court ruling say?
31:20What's that message to those factory workers?
31:22Well, I think the factory workers are happy because we're now telling them that they're
31:26going to — look, the man I met with yesterday, who owned a factory, was out of business.
31:33He was out of business.
31:34And now he's employing five times — in fact, I walked in, he's got a brand-new crane.
31:40I said, how old is that crane?
31:42We got it in December.
31:43He's allowed to write it off in one way.
31:45The great, big, beautiful act gave no tax on tips, no tax on Social Security, no tax on
31:51overtime.
31:51He said, this great, big, beautiful bill, frankly, has been the best thing that's ever
31:58happened for the workers, much more so than for rich people.
32:02The only thing it does for rich people, it allows them to hire a lot more people.
32:07But when I saw him, and then he said, it's all up and down the line — this is a
32:11place
32:11in Georgia — all up and down, other factories doing different, not only steel products, different.
32:16But he said, every one of us was out of business.
32:19We could barely make it.
32:22Some of them were down to less than an hour a week — think of it — one hour a
32:25week
32:26to make just a few little trinkets or whatever they make.
32:29Now they're going round the clock.
32:31I had it — a month ago, I went to Michigan, went to Ford, and I met with Bill Ford,
32:38the
32:38head of Ford.
32:39And we were in one of the biggest plants — an original plant from the early 1900s — where,
32:44by the way, just — I might add this, it's not really relevant, but it's all relevant — murders
32:52are down the lowest since 1900, around the time that he had this plant.
32:58That's 125 years we have the lowest murder rate.
33:00Okay.
33:01And our crime is way down in the country.
33:05The factories that we're talking about, the people that we're talking about,
33:09they are so thrilled with Trump.
33:11So whether we charge IEPA tariffs or whether we charge tariffs under a different section,
33:16that's what we're going to be doing.
33:17There's no way we can — this is what happened to our country.
33:20This is why we owe $38 trillion, which we'll get rid of in pretty good course.
33:26We have a very incompetent Fed chairman who likes high interest rates for political reasons.
33:33He likes them.
33:34But we're going to have somebody very good.
33:38Interest rates should come down very substantially.
33:40I think we should pay — we should pay the lowest interest rates on the planet.
33:45There should be no country — and we don't do that.
33:48We're number 38.
33:49This is just bad policy for a long period of time.
33:53But what's happened is we've made America strong again.
33:56We've made America great again.
33:58We should pay.
33:59As an example, the country of Switzerland — we were getting almost no tariffs from then.
34:06We had a $40 billion deficit.
34:09And the Prime Minister called me up.
34:11She said, but we are a small country because I said,
34:13we're going to raise it to 39 percent from nothing.
34:16That would have rendered them not very successful.
34:20As opposed to right now, they're considered elite.
34:23But if we put a tariff — and I realized then — she said,
34:27but, sir, we are a small country.
34:29I said, you're a small country with a big deficit for us.
34:32You're making a lot of money off the United States.
34:36If we do that — a lot of these elite countries, they're elite because we let them make so much
34:42money.
34:42And I want them to do well.
34:45But I don't want them to do well on the backs of the American taxpayers.
34:49So, I appreciate your question.
34:51I think it's a reasonable answer.
34:53The Press.
34:53President Trump, you said that you were disappointed with that.
34:57But were you surprised with this decision?
34:59What are — what you felt when you —
35:00I was surprised because I thought that what we did was, number one, according to —
35:05I mean, I read the paragraphs.
35:07I read very well.
35:09Great comprehension.
35:12I read everything there is to read.
35:14And I said, we can't lose this case.
35:17But we can when judges are political, when they want to be politically correct,
35:21when they're catering to a group of people in D.C.
35:23Maybe — I don't know what it is, because when you read it, there's no other interpretation.
35:28We have — there is no other interpretation.
35:31But it's okay, because what has come out — and I'll say it for the third time and maybe the
35:35last
35:35time in a while — is that we've taken the uncertainty of tariffs out, because we had uncertainty.
35:42We got sued by sleazebags — I know them well — that are very outside country — China-centric,
35:48but outside country-centric.
35:51And they're going to end up not doing as well as they did before.
35:55America was becoming really, really — we're strong again.
35:59Hey, we have the strongest military — I built — I rebuilt the military in the first term.
36:07We have the most powerful military.
36:09We make the best equipment.
36:11And even them, you know, we have to — we could do much better.
36:13We have people that get paid a lot of money to manufacture Patriot missiles and javelins and all
36:19the different things.
36:20But when you want them, they're too slow.
36:23And we put them on notice, and they're going to make — our country is building a lot of things
36:29right now, and our country is doing really well.
36:31And we're going to keep it that way.
36:33The bottom line is that the word certainty is now in the equation.
36:38Every single thing I said today is guaranteed certainty.
36:42It's been tested, as Jameson said a thousand times — literally.
36:48I said hundreds of times.
36:49He said, sir, actually thousands of times — and won in all of the courts.
36:53And we're just going back to that.
36:56And the problem is that we had other presidents that
37:01weren't into trade.
37:03Maybe they weren't business-oriented.
37:05Maybe they weren't smart.
37:06We had some dummies, too, you know?
37:08I respectfully say we had some real dummies.
37:11So we are going to keep it going just as before, probably more so.
37:17But it's — you're no longer going to be asked — every time I got up, you'd ask,
37:21well, what happens if you can't charge tariffs?
37:24Now we can.
37:25And by the way, in their decision, they specifically said,
37:28we can do these.
37:29We have alternatives.
37:30Yeah.
37:31The Press Press on the trade deals that were negotiated using IEPA tariffs.
37:36Do those stand now, or are they — have to be redone?
37:39Some of them stand.
37:40Many of them stand.
37:41Some of them won't.
37:42And they'll be replaced with the other tariffs.
37:45The Press Press on the tariffs —
37:46No, the Supreme Court justices who ruled against this — the policy,
37:50striking it down — are they still invited to your State of the Union next week?
37:54And will you speak with them?
37:55Yeah, they are invited.
37:56Barely.
37:58Barely.
37:58The Press Press on the tariffs.
38:01Three are happily invited.
38:03No, no.
38:03They're barely — they're barely invited.
38:06The Press Press on the tariffs.
38:06Honestly, I couldn't care less if they come.
38:08Okay?
38:11The Press Press on the trade deal, which is — the framework,
38:16which is to be signed with India sometime soon — will that stand now?
38:22And on the decision —
38:23The Press Press on the tariffs.
38:24The Press Press on the trade deal, which is — they'll be paying tariffs.
38:26And we will not be paying tariffs.
38:28Our deal with India is they pay tariffs.
38:30This is a reversal for what it used to be, as you know.
38:33India — and I think Prime Minister Modi is a great gentleman — a great man, actually.
38:39But he was much smarter than the people that he was against in terms of the United States.
38:45He was ripping us off, and India — so we made a deal with India.
38:49It's a fair deal now.
38:50And we are not paying tariffs to them, and they are paying tariffs.
38:54We did a little flip.
38:55The Press Press on the markets are up as of now for this —
39:00The Press Press on the India deal is on, yeah.
39:02The Press Press on the market.
39:03Thank you so much, Mr. President.
39:04All the deals are on.
39:05Just — we're just going to do it a different way.
39:06The Press Press on the market.
39:07Thank you so much, Mr. President.
39:08I think there is another war that is tough and you should take a credit,
39:11which is in Syria.
39:13Secretary Rabio, after his meeting in Munich with the Syrian Foreign Minister
39:17and the Kurdish general, Muslim Abdi,
39:18he said that President Trump was directly involved
39:21with any force to stop the fighting
39:22between the Kurds and the Syrians.
39:24How will your administration will make sure
39:27that this peace is sustained?
39:29And do you support the idea of...
39:30Well, it's a very different topic.
39:31And so I don't want to spend a lot of time.
39:33But all I can say is that the President of Syria,
39:35who I essentially put there, is doing a phenomenal job.
39:39He's a rough guy. He's not a choir boy.
39:43A choir boy couldn't do it.
39:44But Syria is coming together.
39:46Really coming together well.
39:48And thus far, he's been very good to the Kurds.
39:51Yeah.
39:53The Press Press, Mr. President,
39:54what's your message to the Iranian people
39:56after two rounds of talks with them?
39:58Do you have any message to the Iranian people?
40:00The President of the Iranian people?
40:01In Iran or people here?
40:03The Press Press, people in Iran.
40:06They better negotiate a fair deal.
40:10You know, the people of Iran are a lot different
40:12than the leaders of Iran.
40:14And it's a very, very, very sad situation.
40:18But 32,000 people were killed over a relatively short period of time.
40:24They were going to hang 800, two weeks ago,
40:27hang, hang, some by crane.
40:29They lift them up with a tall crane,
40:31and they play them around the square.
40:33They were going to hang 837 people.
40:36And I gave them the word, if you hang one person,
40:40even one person, that you're going to be hit right then and there.
40:44I wasn't waiting two weeks and negotiating.
40:46And they gave up the hanging.
40:48They didn't hang 837.
40:50Supposedly, they didn't hang anybody.
40:52But no, I feel very badly for the people of Iran.
40:54They've lived like they've lived in hell.
40:56Please.
40:57The Press Press, Mr. President,
40:58you mentioned multiple times foreign influence over the Supreme Court.
41:02Do you have evidence of that?
41:04And if not, will you investigate that?
41:06The President, you're going to find out.
41:08The Press Press, Mr. President,
41:09what alternatives are you going to put into place
41:11in your relationship with Europe,
41:12and also those tariffs that have been called illegal?
41:17How are they going to impact the relationship with Russia,
41:21the sanctions countries?
41:22The President, I want Europe to strengthen up.
41:24Europe has gone woke.
41:26Europe is not recognizable when you go into so many places.
41:29Not all countries.
41:30You look at Hungary.
41:32You look at Poland, Czech, Slovakia.
41:39There are some countries that have gone very much the opposite,
41:43some really, and some others.
41:46But Europe has to be strong.
41:48And they become soft and not recognizable.
41:52You go into some of the countries, I don't want to be specific,
41:55but I think everyone knows what I'm talking about.
41:57And they're not recognizable.
42:00They've become — the environmentalists have taken over.
42:04They've got windmills destroying their fields and their beautiful meadows
42:08and their oceans, and they're paying a fortune.
42:13Now, Europe has to get smart.
42:15Europe is getting killed on two things — energy and immigration.
42:19And if they don't solve both of them fast, European — Europe is not the same place.
42:24Yeah, please.
42:25The Press of Justice, as Gorsuch and Barrett, are you surprised in particular by their decision
42:30today?
42:31And do you regret nominating them?
42:33The President, I don't want to say whether or not I regret it.
42:34I think their decision was terrible.
42:36Yeah.
42:37The Press of Justice, as Gorsuch and Barrett, are you surprised, in particular,
42:41to their families, you want to know the truth, the two of them. Yeah.
42:48Mr. President, specifically on that $2,000 tariff check.
42:52Mr. President, to be clear, do you believe at the end of implementing these new tariff tools,
42:58the tariff rate and tariffs will ultimately be higher than they currently are?
43:02Mr. Potentially higher.
43:03It depends, whatever we want them to be. But we want them to be fair for other countries.
43:07And, you know, we have some countries that have treated us really badly for years,
43:12and it's going to be high for them. And we have other countries that have been
43:15very good, and it's going to be very reasonable for them.
43:18Yeah.
43:20The Pressure specifically on the tariffs question, I mean, on the $2,000.
43:23Mr. I didn't call you. I didn't call you.
43:24Mr. President, thank you, Mr. President. Do you have any plans to travel to India for
43:28the Quad Summit? And how do you think your relationship with India is right now?
43:32Mr. I think my relationship with India is fantastic.
43:35And we're doing trade with India.
43:37India pulled out of Russia. You know, India was getting its oil from Russia, right?
43:44And they pulled way back at my request because we want to settle that horrible war where 25,000
43:49people are dying every month. And my relationship with Prime Minister Modi is, I would say, great.
43:56I also stopped the war between India and Pakistan, as you know. There were 10 planes we shot down.
44:02And that war was going and probably going nuclear. And just yesterday, the Prime Minister of Pakistan
44:09said, President Trump saved 35 million lives by getting them to stop.
44:16That's — and I did it largely with tariffs. I said, look, you're going to fight. That's fine.
44:20But you're not going to do business with the United States. And you're going to pay
44:23a 200 percent tariff, each country. And they called up and they said, we have made peace.
44:30Okay.
44:32I just want to thank you all. Look, great certainty has been brought back to
44:38the economy of the United States and actually the economy of the world, because we generate so much
44:43in the world. We're the biggest in the world. And we're now the strongest by far. We were a country
44:47that
44:47was dead one and a half years ago. Now we have the hottest country in the world. We're going to
44:51keep
44:51it that way. Thank you very much, everybody. Thank you. Thank you very much.
44:56Thank you, Mr. President.
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