- 2 weeks ago
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00:00Wow. That's a lot of people. That's a new record. We set a record every time.
00:07Well, thank you very much for being here. The Supreme Court's ruling on tariffs is deeply disappointing.
00:17And I'm ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what's right
00:24for our country.
00:27I'd like to thank and congratulate Justices Thomas, Alito and Kavanaugh for their strength and wisdom and love of our
00:36country, which is right now very proud of those justices.
00:42When you read the dissenting opinions, there is no way that anyone can argue against them. There's no way.
00:51Foreign countries that have been ripping us off for years are ecstatic. They're so happy.
00:59And they're dancing in the streets, but they won't be dancing for long. That I can assure you.
01:05The Democrats on the court are thrilled, but they will automatically vote no.
01:11They're an automatic no, just like in Congress. They're an automatic no.
01:16They're against anything that makes America strong, healthy, and great again.
01:22They also are a, frankly, disgrace to our nation, those justices.
01:28They're an automatic no, no matter how good a case you have. It's a no.
01:34But you can't knock their loyalty.
01:37It's one thing you can do with some of our people.
01:43Others think they're being politically correct, which has happened before far too often with certain members of this court.
01:51And it's happened so often with this court.
01:54What a shame.
01:55Having to do with voting in particular, when in fact they're just being fools and lapdogs for the rhinos and
02:04the radical left Democrats.
02:05And not that they should have anything at all to do with it.
02:09They're very unpatriotic and disloyal to our Constitution.
02:13It's my opinion that the court has been swayed by foreign interests and a political movement that is far smaller
02:20than people would ever think.
02:23It's a small movement.
02:26I won by millions of votes.
02:28We won in a landslide.
02:30With all the cheating that went on, there was a lot of it.
02:33But we still won in a landslide.
02:34Too big to rig.
02:36But these people are obnoxious, ignorant, and loud.
02:39They're very loud.
02:40And I think certain justices are afraid of that.
02:44They don't want to do the right thing.
02:46They're afraid of it.
02:48This was an important case to me.
02:51More as a symbol of economic national security.
02:55And also, I would say, just for our country itself, so important.
03:02Because we're doing so well as a country.
03:04We've never done so well.
03:05The good news is that there are methods, practices, statutes, and authorities, as recognized by the entire court in this
03:15terrible decision.
03:17And also as recognized by Congress, which they refer to, that are even stronger than the IEPA tariffs available to
03:25me as President of the United States.
03:27And in actuality, I was very modest in my ask of other countries and businesses because I wanted to do,
03:35and it's very important, I wanted to be very well behaved because I wanted to do anything.
03:43I didn't want to do anything that would affect the decision of the court because I understand the court.
03:48I understand how they are very easily swayed.
03:53I want to be a good boy.
03:56I have very effectively utilized tariffs over the past year to make America great again.
04:03Our stock market has just recently broken 50,000 on the Dow.
04:08And simultaneously, and even more amazingly, broken 70, broken 7,000 on the S&P, two numbers that everybody thought
04:19upon our landslide election victory could not be attained.
04:25Think of that.
04:26Nobody thought it was possible to do it within four years, and we did it in one year.
04:31They said, you'll never be able, you'll go back and you read the geniuses, read their statements, all of the
04:39Nobel Prize winners in economics.
04:43They said, no, you couldn't do it in four years.
04:45Well, we didn't do it in four years.
04:47We did it in one year.
04:49We broke every record in the book, and we're continuing to do so.
04:53Tariffs have likewise been used to end five of the eight wars that I settled.
04:59I settled eight wars, whether you like it or not, including India, Pakistan, big ones, nuclear, could have been nuclear.
05:06Prime Minister of Pakistan said yesterday at the great meeting that we had, the peace board,
05:14he said yesterday that President Trump could have saved 35 million lives by getting us to stop fighting.
05:21They were getting ready to do some bad things.
05:24But they've given us great national security, these tariffs have.
05:29And together with our strong borders, reduced fentanyl coming into our country by 30 percent.
05:35When I use them as a penalty against countries illegally sending this poison into our country to poison our youth.
05:44All of those tariffs remain.
05:46They all remain.
05:47I don't know if you know that or not.
05:49They all remain.
05:50I mean, we're still getting them.
05:52And we will after the decision.
05:54I guess there's nobody left to appeal to.
05:57But again, those three people, such respect.
06:00I've had a lot of respect for them anyway, but such great respect.
06:03But other alternatives will now be used to replace the ones that the court incorrectly rejected.
06:09We have alternatives, great alternatives.
06:13Could be more money.
06:14We'll take in more money and we'll be a lot stronger for it.
06:17We're taking in hundreds of billions of dollars.
06:20We'll continue to do so.
06:22To show you how ridiculous the opinion is, however, the court said that I'm not allowed to charge even one
06:29dollar.
06:29I can't charge one dollar.
06:32Can't charge a dollar.
06:34I would have used one penny, but we don't make the pennies anymore.
06:37We save money.
06:39Can't charge one dollar to any country under IEPA.
06:43Not one dollar, I assume, to protect other countries.
06:47This must have been done to protect those other countries.
06:50Certainly not the United States of America, which they should be interested in protecting.
06:55That's what they're supposed to be protecting.
06:57But I am allowed to cut off any and all trade or business with that same country.
07:03In other words, I can destroy the trade.
07:05I can destroy the country.
07:07I'm even allowed to impose a foreign country destroying embargo.
07:12I can embargo.
07:13I can do anything I want, but I can't charge one dollar.
07:18Because that's not what it says.
07:21And that's not the way it even reads.
07:23I can do anything I want to do to them.
07:27But I can't charge any money.
07:31So I'm allowed to destroy the country, but I can't charge them a little fee.
07:34I could give them a little two cent fee, but I cannot charge under any circumstances.
07:40I cannot charge them anything.
07:43Think of that.
07:43How ridiculous is that?
07:44I'm allowed to embargo them.
07:46I'm allowed to tell them you can't do business in the United States anymore.
07:49We want you out of here.
07:51But if I want to charge them ten dollars, I can't do that.
07:55It's incorrect.
07:56Their decision is incorrect.
07:58But it doesn't matter, because we have very powerful alternatives that have been approved
08:03by this decision.
08:04You know, they've been approved by the decision for those that thought they had us.
08:09And they're saying that I have the absolute right to license, but not the right to charge
08:15a license fee.
08:16So think of that.
08:17I have the right to license, which is a very powerful word.
08:20In many ways, license is more powerful than tariffs.
08:22In fact, I was thinking about using it.
08:24But they came up with the idea that I can license, just like the people that were opposing me told
08:32them to do, but not the right to charge a license fee.
08:36Think of that.
08:37Whoever heard of such a thing?
08:38What license has ever been issued without the right to charge a fee?
08:42You get a license, you charge a fee.
08:44It's automatic, but not with this court.
08:46But now the court has given me the unquestioned right to ban all sorts of things from coming
08:52into our country to destroy foreign countries, but a much more powerful right than many people
08:59ever thought we even had, but not the right to charge a fee.
09:04How crazy is that?
09:06Our country is the hottest country anywhere in the world right now.
09:10And it was a dead country one and a half years ago under an incompetent president.
09:15But now I'm going to go in a different direction, probably the direction that I
09:22should have gone the first time, but I read the language.
09:26I'm very good at reading language and it read our way a hundred percent, but now I'll go
09:30the way I could have gone originally, which is even stronger than our original choice.
09:36As Justice Kavanaugh, whose stock has gone so, you have to see, I'm so proud of him, wrote
09:44in his dissent, although I firmly disagree with the court's holding today, the decision might
09:51not substantially constrain a president's ability to order tariffs going forward.
09:59So, think of that, the decision might not substantially constrain, and it doesn't.
10:06He's right.
10:06In fact, I can charge much more than I was charging.
10:10So, I'm going to just start, although I firmly disagree with the court's holding today, the
10:15decision might not substantially constrain a president's ability to order tariffs going
10:21forward.
10:23That's because numerous other federal statutes, which is so true, authorized the president to
10:29impose tariffs and might justify most, if not all, of the tariffs issued in this case.
10:37Even more tariffs, actually.
10:39Those statutes include, think of that, those statutes include, for example, the Trade Expansion
10:48Act of 1962, Section 232.
10:51All of these things I know so well.
10:54The Trade Act of 1974, Sections 122, 201, 301.
11:00And the Tariff Act of 1930, Section 338, all clear, but it's a little bit longer process.
11:07I thought I'd make things simple, but they didn't let us do that.
11:12I would like to thank Justice Kavanaugh for his, frankly, his genius and his great ability.
11:18Very proud of that appointment.
11:21In actuality, while I am sure that they did not mean to do so, the Supreme Court's decision
11:29today made a president's ability to both regulate trade and impose tariffs more powerful and more
11:36crystal clear rather than less.
11:39I don't think they meant that.
11:41I'm sure they didn't.
11:44It's terrible.
11:46And to think that the Democrats who oppose this only because they want to go the opposite
11:51way, they'd like to pack the court, they want to put on 21 people, they want to pack the
11:56court, pack the Supreme Court, maybe they should do it.
12:00Maybe they would be better off if they did it.
12:02They want to pack the court.
12:04They want to do anything to hurt our country.
12:07There will no longer be any doubt, and the income coming in and the protection of our
12:13companies and country will actually increase because of this decision.
12:19I don't think the court meant that, but it's the way it is.
12:23Based on longstanding law and hundreds of victories, and even, as I was pointed out before, even
12:29thousands of victories over the years, to the contrary, the Supreme Court did not overrule
12:36tariffs.
12:36They merely overruled a particular use of IEPA tariffs.
12:42And essentially, it's to use to get a fee.
12:45I can do anything I want with IEPA, anything.
12:48I just can't charge anybody for it.
12:52I can license.
12:53I just can't charge them.
12:54It's ridiculous.
12:55But it's OK, because we have other ways, numerous other ways.
13:00The ability to block, embargo, restrict, license, or impose any other condition on a foreign
13:09country's ability to conduct trade with the United States under IEPA has been fully confirmed
13:17by this decision.
13:18So now there's no doubt, because, you know, there were a lot of questions about tariffs
13:22because no president was smart enough to use them to protect our country from those countries
13:27and businesses that were ripping us off.
13:30You took a look at the deficits that we had with some of these countries.
13:33It was disgraceful what they got away with for many, many decades.
13:38But now we know, because this decision affirms all those things that some people weren't
13:43sure about, in order to protect, and it says so, in order to protect our country, a president
13:50can actually charge more tariffs than I was charging in the past period of a year under
13:59the various tariffs authorities.
14:01So we can use other of the statutes, other of the tariff authorities, which have also been
14:09confirmed and are fully allowed.
14:13Therefore, effective immediately, all national security tariffs under Section 232 and existing
14:21Section 301 tariffs, they're existing, they're there, remain in place, fully in place, and
14:30in full force and effect.
14:32Today, I will sign an order to impose a 10% global tariff under Section 122, over and above
14:39our normal tariffs already being charged.
14:43And we're also initiating several Section 301 and other investigations to protect our country
14:50from unfair trading practices of other countries and companies.
14:57Thank you for your attention to this matter.
15:00And I say quite simply, which I've said for a long time, make America great again.
15:06And interestingly, we've already made it great, so I don't have to use that.
15:11But I don't think we'll ever give up on MAGA.
15:13MAGA is always going to be with us.
15:15If you have a few questions, you can let us know.
15:19But just to end, so we're going forward, we will be able to take in more money, and there'll
15:26no longer be doubt, because there was always doubt.
15:29I know the people that brought the lawsuit, and, you know, they're sleazebags, major sleazebags,
15:35but I know them.
15:35And they're a foreign country centric.
15:40They were sending things into our country, and the people representing them knew full
15:46well, but they were sending things into our country, and they were beneficial to other
15:52countries, but very, very bad for us.
15:54And I stopped it, and we'll just keep it going.
15:57So we have more of a, we have a totally firm decision now.
16:01And I don't think the court meant it, because the court doesn't show great spirit toward
16:07our country, in my opinion.
16:09A lot of bad decisions, but there are usually ways around it.
16:13This is something we could have done, as Justice Kavanaugh said, we could have done this
16:17originally, but we're doing it now.
16:19And the numbers could be far greater than the hundreds of billions we've already taken in.
16:23Yeah, please.
16:25Thank you, Mr. President.
16:26Mr. President, I'm very curious.
16:29I didn't call you.
16:29Thank you so much, Mr. President.
16:32Justice Thomas and Alito, as you know, are the most conservative constitutional justices.
16:36Do you think that you'll get to appoint two more justices later this term with similar
16:40ideologies?
16:41And what type of vetting process will they go through to ensure the uphold of the Constitution?
16:45I don't know, but they're great justices.
16:46That's all I can say.
16:47And I hope they're going to be around a long time.
16:50I hope they're going to stay healthy.
16:51They're great people.
16:52They're great.
16:52And Justice Alito, too, to add to the group.
16:55These are great men.
16:56Right.
16:57With a great love of our country and a great understanding of the law.
17:02Mr. President, are you going to ask Congress to take additional action on tariffs now?
17:07No, I don't need to.
17:08It's already been approved.
17:09I mean, I would ask Congress and probably get it.
17:12But when people look at the real numbers and you look at hundreds of billions of dollars
17:18that have come into our country.
17:20Yesterday, I was at a steel plant, as you know, and I went to a great, great place,
17:26great plant, great, wonderful people.
17:28And they were telling me, I said to them, you were there, a lot of the press in this room.
17:33Of course, I don't think this plane's big enough to take the press in this room.
17:37But a lot of the press right here, we're in Georgia, and I said to the owner, I made
17:43a speech at a factory that made steel products.
17:46And I said, how are you?
17:48Nice to meet you.
17:49How's business?
17:51President, I'd love to kiss you.
17:53This is a very powerful man.
17:55I don't want to be kissed by that man.
17:57But a very powerful, strong man.
17:59He's been in the steel business for many years.
18:01His father started it.
18:03And he said, sir, I want to kiss you.
18:06I said, why?
18:07He said, because we were down to working one hour a week, and then you came in and imposed
18:12tariffs.
18:13And all of that foreign junk that they were dropping into our country stopped.
18:18And we're now going to double shifts seven days a week, and we may be very soon going
18:23to 24 hours around the clock, almost seven days a week.
18:27He said, sir, I want to kiss you so badly.
18:30And I said, no, thank you.
18:32But you know what?
18:34He just, and just to finalize it, he said, oh, this is a great place in Georgia.
18:38In Georgia, he said, all up and down the highway, same exact answer, sir.
18:45We're all going out of business.
18:46We're going to go bankrupt.
18:48We're all going out of business.
18:49And now every one of us are thriving, and we're hiring people like we haven't.
18:54He said, like I've never, and he's been in business for, I think, 45 years, like we've
18:59never hired before.
19:00That's because of tariffs.
19:02And we're going to keep it going the same way.
19:04And you're going to start to see the results in a year from now.
19:07When all those factories start that are under construction right now, you see all the construction
19:11numbers are so good.
19:12Those construction workers are building factories that are going to be open, including not only
19:17AI, which is big, but car plants coming in from Canada, who ripped us off for 30 percent of
19:23our market.
19:24Mexico ripped us off for a big portion.
19:27Over the years, they've taken our market.
19:29They've taken our cars.
19:31They manufacture them in Japan, Germany and all over the place because nobody's standing
19:36in this position.
19:38The position I have as president of the United States had the insight, the current.
19:42Well, I don't know what it is to charge tariffs.
19:47You can make your product outside.
19:49You can put our people out of business.
19:50You can put everybody on the unemployment rolls.
19:54But if you're going to make a car in some other country, you're going to pay a 15, 20,
19:5830 percent tariff.
19:59And those things would have never happened.
20:01We wouldn't have lost our business.
20:02Same thing with, as an example, Taiwan.
20:05Taiwan came in.
20:07They stole our chip business.
20:09They made chips for 30 years longer.
20:12They made chip, chip, chip.
20:14And they put our companies.
20:17Intel would be now the largest company.
20:19I saved Intel.
20:20Intel, I literally saved it at the beginning of this administration.
20:25And now all those companies in Taiwan are building factories in Arizona, Texas and various
20:32other places because they don't want to pay tariffs.
20:34They're all pouring into the United States.
20:36But just like that great patriot said yesterday, sir, what you've done, nobody thought was possible.
20:45And Steve Moore, a highly respected economist, came into my office yesterday.
20:49He said, you've done something nobody's ever done.
20:52Twenty-two Nobel Prize winners in economics said, we would right now be in a recession.
21:00And you said, no, we're going to have a booming country.
21:03We're going to have a booming country.
21:05You were right.
21:06All 22 were wrong.
21:08And you were right.
21:09This country is booming.
21:10And it's booming because of the election on November 5th.
21:14And it's booming for another reason.
21:16It's booming because of tariffs.
21:17Yeah, please.
21:18Go ahead.
21:19Thank you, Mr. President.
21:20What was said ahead of the decision that the Supreme Court ruled?
21:24Go ahead.
21:24Thank you, Mr. President.
21:25What will you say to foreign nations who seek to renegotiate their deals?
21:28And what did you mean a moment ago when you said that the Supreme Court has been swayed
21:33by foreign interests?
21:34Well, I think that foreign interests are represented by people that I believe have undue influence.
21:41They have a lot of influence over the Supreme Court, whether it's through fear or respect
21:46or friendships.
21:47I don't know.
21:48But I know some of the people that were involved on the other side, and I don't like them.
21:52I think they're real slimeballs and got to do what's right for the country.
21:58You got to do what's right for the Constitution.
22:00That's why I respect so much Justice Thomas and Alito, Kavanaugh, because they not only dissented,
22:08their dissent is so strong.
22:09When you read their dissent, you know, a lot of times you'll read the dissent and it's like,
22:13well, you don't know, it could go either way.
22:15There's no other way.
22:16The good news is, it's like Justice Kavanaugh said, very strongly said, you have other ways
22:22you can go.
22:22You don't have to go that way.
22:23You can go other way.
22:24There are numerous other ways you can go.
22:26And frankly, this should have been done by presidents many years ago.
22:30They allowed our country to be eaten alive.
22:33We lost 50 percent of our car business.
22:36We used to make cars.
22:37We made all the cars.
22:39And then Mexico came, Canada came, Japan and Germany.
22:43But they're all coming back now.
22:45They're all coming back at record level.
22:50No, you, please, please, I'm not, I'm not talking to you, I'm talking.
22:57I don't talk, I don't talk to CNN.
22:59It's fake news.
23:00Go ahead.
23:00Mr. President, yesterday, you made the case that the economy is the hottest it's been
23:03in a long time.
23:04January jobs report beat expectation.
23:06CPI report beat expectation.
23:08Real wages are up.
23:09What would you tell Americans who are worried that this decision will kind of throw the economy
23:14that you have projected going in the right direction at a very rapid pace off track?
23:18Well, thank you for the question.
23:20And I will say this, we really are at a very important point.
23:25I've been waiting for this decision so long.
23:28They could have made this decision a long time ago, not complex.
23:32They're wrong on it.
23:33It's a ridiculous decision.
23:34But they should have released this a long time ago.
23:36We waited months.
23:37And that gave uncertainty.
23:39Now we have certainty.
23:40And I think you're going to see the country get much stronger because of it.
23:44Look, we were ripped off by almost every country in the world.
23:48If you look at the surpluses, almost every country in the world that did business with
23:53us, our people were stupid.
23:54And I blame presidents for it because they're ultimately the leader.
23:59We were being ripped off by almost every single country in the world had massive, some massive
24:05surpluses.
24:07China had hundreds of billions of dollars in surpluses with the United States.
24:11They rebuilt China.
24:12They rebuilt the army.
24:13We built China's army by allowing that to happen.
24:16I have a great relationship with President Xi, but he respects our country now.
24:20Now, what we've done, I charged China a 20 percent tariff as a penalty for sending fentanyl
24:27in.
24:28And that was 20 times more than they could make by selling fentanyl.
24:32And I said, you know, at some point you're going to say like, and they have reduced it,
24:36you know, fentanyl is down by more than 30 percent coming into our country.
24:40Part of that is a strong border.
24:41We have a strong border now.
24:43But thank you.
24:44Thank you for your pleasure.
24:46Mr. President, sir, you warned once in a social media post that if the Supreme Court
24:53did this, shot down your tariffs, the U.S. would be, quote, financially defenseless.
24:58Are we financially defenseless?
24:59No, because we're doing something in a different way.
25:02We're doing something in a very powerful way.
25:05And we're using things that some people thought we should have used in the first place.
25:09But it's more complicated.
25:11It's a little more complicated.
25:12The process takes a little more time.
25:14But the end result is going to get us more money.
25:17And I think it's going to be great.
25:18Yeah, please.
25:20Peter, go ahead.
25:20Thank you, President Trump.
25:22So since Liberation Day, there's about $175 billion in tariff revenue that is now in limbo.
25:29Do you have to refund $175 billion?
25:32Thank you, Mr. Peter.
25:33Very fair question.
25:34They take months and months to write an opinion.
25:38And they don't even discuss that point.
25:40We've taken in hundreds of billions of dollars, not millions, hundreds of billions of dollars.
25:47And so I said, well, what happens to all the money that we took in?
25:50It wasn't discussed.
25:52Wouldn't you think they would have put one sentence in there saying that keep the money or don't keep the
25:57money, right?
25:58I guess it has to get litigated for the next two years.
26:01So they write this terrible, defective decision, totally defective.
26:08It's almost like not written by smart people.
26:11And what they do, they don't even talk about that.
26:13Your question is very basic.
26:14That was the first question I asked also to make you feel good.
26:17They say, what about all the money that we've taken in?
26:20Sir, they don't discuss that.
26:22How crazy is that?
26:25What you're saying is, are you saying that you don't plan to honor refunds for companies that file for them?
26:30I just told you the answer, right?
26:32I told you the answer.
26:33It's not discussed.
26:34We'll end up being in court for the next five years.
26:40Go ahead.
26:41Green.
26:41Green.
26:42Thank you, Mr. President.
26:43When you are talking about the relationship with countries that you have sought trade deals with,
26:48do you anticipate that they will seek to renegotiate those?
26:52What do you say to them?
26:54And do you view this as a potential undermining power for your negotiation?
26:58Straight ahead with 10 percent straight across the board, which was the absolute right to do.
27:03And that's taking place.
27:05That's a lot of money coming into our country.
27:07And then during that period of about five months, we are doing the various investigations necessary to put fair tariffs
27:16or tariffs, period, on other countries.
27:20So we're doing that period, but we're immediately instituting the 10 percent provision, which we're allowed to do.
27:26And in the end, I think we'll take in more money than we've taken in before.
27:29Mr. President, you've used the tariff revenue to pay for a host of federal policies.
27:37You claim that they will pay for them.
27:39What happens?
27:40Well, like the farmers.
27:41We took care of farmers.
27:42You know, the farmers were mistreated by foreign countries very badly, very, very badly.
27:47And last week, I gave them $12 billion out of tariff money.
27:52We intend to out of tariff money because just so you understand, we have tariffs.
27:58We just have them in a different way.
28:00And now they've been confirmed by the Supreme Court of the United States.
28:05So there's no longer that question out there about tariffs.
28:08And we'll be taking in hundreds of billions of dollars.
28:11And countries that have treated us badly will have to pay a price for treating us badly.
28:16And countries that have been good to us will be treated very well.
28:20We just left the top person in a place called Vietnam, just left my office.
28:27Great gentleman, strong and smart.
28:30He said, you know, I think this means you're allowed to charge us more tariffs than before.
28:36And Canada said to Jameson, I might want to say it, Jameson, but Canada said, I hope you win this
28:43decision, because if you don't win, you'll actually be allowed to charge us, with a little additional work, higher tariffs.
28:50Jameson, you want to comment on that?
28:52Jameson, yes, sir.
28:53Jameson, yes, sir.
28:53So to the President's point, we have a lot of tools out there.
28:57We have Section 122, which will be implemented today – will be signed today and implemented very shortly.
29:02We have Section 301 investigations, which are incredibly legally durable, where we can address – investigate and address unfair trading
29:10practices that have led to our huge trade deficit.
29:13And so you can look forward in the coming days and weeks to seeing all of that come out, and
29:17we're going to keep continuity in the program.
29:19We're going to keep addressing this so that the deficit can keep going down, that's the trend it has, and
29:24we can make America a great answer.
29:25No.
29:29Several of Republicans in Congress have supported this decision by the Supreme Court, and Hakeem Jeffries, the Democratic leader, has
29:37called your wannabe king.
29:39Why wouldn't –
29:39I call him a low IQ.
29:41But why wouldn't –
29:41He doesn't even know – and I watched him the other day interview.
29:45The guy doesn't even know what a tariff is.
29:46But there's been bipartisan criticism of the tariffs.
29:48No, not bipartisan.
29:49Excuse me.
29:50There's several Republicans that have said that.
29:51Yeah, a few people.
29:52Well, why wouldn't you just work with Congress to come up with a plan to push tariffs through?
29:56I have the right to do tariffs, and I've always had the right to do tariffs.
29:59It has all been approved by Congress, so there's no reason to do it.
30:02All we're doing is we're going through a little bit more complicated process.
30:06Not complicated very much, but a little more complicated than what we had.
30:10We'll be able to take in tariffs, more tariffs.
30:13And the Congress people –
30:14The House just voted down the Canadian tariffs last week.
30:16There's been votes in the Senate against it.
30:18Yeah, because we lost two Republicans or three Republicans because they're not good Republicans.
30:24What you don't say – see, you don't say that we had – that we got 215 votes.
30:29You need 215 for something to pass.
30:31No, sure we do.
30:32We might have lost three votes, and we got – and what was the score on the Republican side?
30:37215 to 3, right?
30:39But you don't say that.
30:40We have great unity.
30:41There's great unity in the Republican Party, and I hope everyone's going to vote Republican,
30:45because otherwise you won't have a country left, because these people have been destroying –
30:48they are destroying our country.
30:50Please.
30:51Mr. President, the 122 tariffs, that 10 percent, is that going to be for 150 days,
30:57or do you want to charge that indefinitely?
30:59We have a right to do pretty much what we want to do, but we're going to charge it starting
31:03effectively.
31:03I think it's three days from now.
31:05Yeah, please.
31:06Mr. President, you speak to a lot of factory workers, a lot of manufacturing workers.
31:10What does the Supreme Court ruling say?
31:12What's that message to those factory workers?
31:14Well, I think the factory workers are happy, because we're now telling them that they're
31:19going to – look, the man I met with yesterday, who owned a factory, was out of business.
31:25He was out of business.
31:26And now he's employing five times.
31:30In fact, I walked in.
31:31He's got a brand-new crane.
31:33I said, how old is that crane?
31:34We got it in December.
31:35He's allowed to write it off in one way.
31:37The great, big, beautiful act gave no tax on tips, no tax on Social Security, no tax on
31:43overtime.
31:43He said, this great, big, beautiful bill, frankly, has been the best thing that's ever
31:50happened for the workers, much more so than for rich people.
31:54The only thing it does for rich people, it allows them to hire a lot more people.
31:59But when I saw him, and then he said, it's all up and down the line.
32:02This is a place in Georgia.
32:05All up and down.
32:06Other factories doing different, not only steel products, different.
32:09He said, every one of us was out of business.
32:12We could barely make it.
32:14Some of them were down to less than an hour a week.
32:17Think of it.
32:17One hour a week to make just a few little trinkets or whatever they make.
32:22Now they're going round the clock.
32:23I had it a month ago.
32:25So I went to Michigan, went to Ford, and I met with Bill Ford, the head of Ford, and
32:32we were in one of the biggest plants, an original plant from the early 1900s, where, by the way,
32:38just I might add this.
32:39It's not really relevant, but it's all relevant.
32:43Murders are down the lowest since 1900, around the time that he had this planned.
32:50That's 125 years.
32:51We have the lowest murder rate.
32:53Okay.
32:53And our crime is way down in the country.
32:57The factories that we're talking about, the people that we're talking about, they are so thrilled with Trump.
33:03So whether we charge AIPA tariffs or whether we charge tariffs under a different section, that's what we're going to
33:09be doing.
33:09There's no way we can leverage.
33:11This is what happened to our country.
33:13This is why we owe $38 trillion, which we'll get rid of in pretty good course.
33:19We have a very incompetent Fed chairman who likes high interest rates for political reasons.
33:25He likes them.
33:26But we're going to have somebody very good.
33:30Interest rates should come down very substantially.
33:32I think we should pay the lowest interest rates on the planet.
33:38There should be no country.
33:39And we don't do that.
33:40We're number 38.
33:42This is just bad policy for a long period of time.
33:46But what's happened is we've made America strong again.
33:48We've made America great again.
33:50We should pay.
33:51As an example, the country of Switzerland, we were getting almost no tariffs from then.
33:58We had a $40 billion deficit.
34:02And the prime minister called me up.
34:03She said, but we are a small country because I said we're going to raise it to 39 percent from
34:07nothing.
34:09That would have rendered them not very successful as opposed to right now.
34:14They're considered elite.
34:15But if we put a tariff, and I realized then, she said, but sure, we are a small country.
34:21I said, you're a small country with a big deficit for us.
34:25You're making a lot of money off the United States.
34:27If we do that, a lot of these elite countries, they're elite because we let them make so much money.
34:34And I want them to do well.
34:37But I don't want them to do well on the backs of the American taxpayers.
34:41So, I appreciate your question.
34:43I think it's a reason for myself.
34:46President Trump, you said that you were disappointed with that.
34:49But were you surprised with this decision?
34:51What are you felt when you...
34:52I was surprised because I thought that what we did was, number one, according to...
34:58I mean, I read the paragraphs.
34:59I read very well.
35:01Great comprehension.
35:04I read everything there is to read.
35:07And I said, we can't lose this case.
35:09But we can when judges are political, when they want to be politically correct,
35:13when they're catering to a group of people in D.C. maybe.
35:16I don't know what it is because when you read it, there's no other interpretation.
35:20There is no other interpretation.
35:23But it's okay because what has come out, and I'll say it for the third time and maybe the last
35:28time in a while,
35:28is that we've taken the uncertainty of tariffs out because we had uncertainty.
35:34We got sued by sleazebags, I know them well, that are very outside country, China-centric, but outside country-centric.
35:43And they're going to end up not doing as well as they did before.
35:48America was becoming really, really...
35:50We're strong again.
35:51Hey, we have the strongest military.
35:56I rebuilt the military in the first term.
35:59We have the most powerful military.
36:01We make the best equipment.
36:03And even them, you know, we have to...
36:05We could do much better.
36:06We have people that get paid a lot of money to manufacture Patriot missiles and javelins and all the different
36:12things.
36:12But when you want them, they're too slow.
36:15And we put them on notice, and they're going to make...
36:18Our country is building a lot of things right now, and our country is doing really well.
36:23And we're going to keep it that way.
36:25The bottom line is that the word certainty is now in the equation.
36:31Every single thing I said today is guaranteed certainty.
36:34It's been tested, as Jameson said a thousand times.
36:39Literally, I said hundreds of times.
36:41He said, sir, actually thousands of times.
36:43And one in all of the courts.
36:46And we're just going back to that.
36:48And the problem is that we had other presidents that weren't into trade.
36:55Maybe they weren't business-oriented.
36:57Maybe they weren't smart.
36:59We had some dummies, too, you know?
37:01I respectfully say we had some real dummies.
37:03So we are going to keep it going just as before, probably more so.
37:09But you're no longer going to be asking...
37:11Every time I got up, you'd ask, well, what happens if you can't charge staffs?
37:16Now we can.
37:17And by the way, in their decision, they specifically said, we can do these.
37:21We have alternatives.
37:22Yeah.
37:24On the trade deals that were negotiated using IEPA tariffs, do those stand now?
37:30Or do they have to be redone?
37:32Well, some of them stand.
37:33Many of them stand.
37:34Some of them won't.
37:34And they'll be replaced with the other tariffs.
37:37Mr. President, on the tariff check...
37:38Now, the Supreme Court justices who ruled against the policy, striking it down,
37:43are they still invited to your State of the Union next week?
37:46And will you speak with them?
37:48They are invited.
37:48Barely.
37:50Barely.
37:53Three are happily invited.
37:55No, no.
37:55They're barely invited.
37:58Honestly, I couldn't care less if they come.
38:01Okay?
38:01Mr. President, on the trade deal, which is the framework, which is to be signed with India
38:11sometime soon, will that stand now?
38:14And on the decision...
38:15Nothing changes?
38:16No, nothing changes.
38:17They'll be paying tariffs.
38:18And we will not be paying tariffs.
38:20Our deal with India is they pay tariffs.
38:22This is a reversal for what it used to be, as you know.
38:25India, I think...
38:27Prime Minister Modi is a great gentleman, a great man, actually.
38:31But he was much smarter than the people that he was against in terms of the United States.
38:37He was ripping us off.
38:39And India...
38:40So we made a deal with India, and it's a fair deal now.
38:42And we are not paying tariffs to them, and they are paying tariffs.
38:46We did a little flip.
38:48Mr. President, I think there is another war that you stopped, and you should take a credit,
39:03which is in Syria.
39:05Secretary Rabiot, after his meeting in Munich with the Syrian Foreign Minister and the Kurdish
39:09General Muslim Abdi, he said that President Trump was directly involved in efforts to
39:14stop the fighting between the Kurds and the Syrians.
39:16How will your administration will make sure that this peace is sustained, and do you support
39:21the idea of...
39:22Well, it's a very different topic.
39:23And so I don't want to spend a lot of time.
39:25But all I can say is that the President of Syria, who I essentially put there, is doing
39:31a phenomenal job.
39:31He's a rough guy.
39:33He's not a choir boy.
39:35A choir boy couldn't do it.
39:36But Syria's coming together, really coming together well.
39:41And thus far, he's been very good to the Kurds.
39:43Yeah.
39:46Mr. President, what's your message to the Iranian people after two rounds of talks with
39:49them?
39:50Do you have any message to the Iranian people?
39:52The Iranian people?
39:53In Iran or people here?
39:55People in Iran.
39:58They better negotiate a fair deal.
40:02You know, the people of Iran are a lot different than the leaders of Iran.
40:06And it's a very, very, very sad situation.
40:10But 32,000 people were killed over a relatively short period of time.
40:16They were going to hang 800, two weeks ago, hang, hang, some by crane.
40:22They lift them up with a tall crane and they play them around the square.
40:26They were going to hang 837 people.
40:29And I gave them the word if you hang one person, even one person, that you're going to be hit
40:35right then and there.
40:36I wasn't waiting two weeks and negotiating.
40:38And they gave up the hanging.
40:40They didn't hang 837.
40:42Supposedly, they didn't hang anybody.
40:44But no, I feel very badly for the people of Iran.
40:46They've lived like they've lived in hell.
40:48Please.
40:49Thank you, sir.
40:49Mr. President, you mentioned multiple times foreign influence over the Supreme Court.
40:54Do you have evidence of that?
40:56And if not, will you investigate that?
40:58You're going to find that.
40:59You're going to find that.
40:59Yes, sir.
41:00What alternatives are you going to put into place in your relationship with Europe and
41:05also those tariffs that have been called illegal?
41:09How they're going to go impact the relationship with Russia that you sanctioned some countries?
41:14Well, I want Europe to strengthen up.
41:16Europe has gone woke.
41:18Europe is not recognizable when you go into so many places.
41:21Not all countries.
41:22You look at, you look at Hungary, you look at Poland, Czech, Slovakia.
41:32There are some countries that have gone very much the opposite, some really, and some others.
41:38But Europe has to be strong and they become soft and not recognizable.
41:44You go into some of the countries, I don't want to be specific, but I think everyone knows
41:48what I'm talking about.
41:49And they're not recognizable.
41:53They've become, the environmentalists have taken over.
41:56They've got windmills destroying their fields and their beautiful meadows and their oceans,
42:02and they're paying a fortune.
42:05Now, Europe has to get smart.
42:07Europe's getting killed on two things, energy and immigration.
42:11And if they don't solve both of them fast, Europe is not the same place.
42:16Yeah, please.
42:18Justices Gorsett and Barrett, are you surprised in particular by their decision today?
42:23I am.
42:23And do you regret nominating them?
42:25I don't want to say whether or not I regret it.
42:27I think their decision was terrible.
42:28Yeah.
42:32I think it's an embarrassment to their families, you want to know the truth, the two of them.
42:45Yeah, Mr. President, to be clear, do you believe at the end of implementing these new tariff
42:50tools, the tariff rate and tariffs will ultimately be higher than they currently are?
42:54Potentially higher.
42:55How much higher?
42:56It depends, whatever we want them to be.
42:58But we want them to be fair for other countries.
43:00And you know, we have some countries that have treated us really badly for years, and it's
43:05going to be high for them.
43:06And we have other countries that have been very good, and it's going to be very reasonable
43:09for them.
43:12Thank you, Mr. President.
43:12Specifically on the tariffs question.
43:14I mean, on the $2,000.
43:16I didn't call you.
43:16I didn't call you.
43:17I didn't call you.
43:17Mr. President, thank you, Mr. President.
43:18Do you have any plans to travel to India for the Quad Summit, and how do you think your relationship
43:22with India is right now?
43:24I think my relationship with India is fantastic.
43:28And we're doing trade with India.
43:29India pulled out of Russia.
43:31You know, India was getting its oil from Russia, right?
43:36And they pulled way back at my request, because we want to settle that horrible war where 25,000
43:41people are dying every month.
43:43And my relationship with Prime Minister Modi is, I would say, great.
43:48I also stopped the war between India and Pakistan, as you know.
43:52There were 10 planes we shot down.
43:54That war was going, and probably going nuclear.
43:58And just yesterday, the Prime Minister of Pakistan said President Trump saved 35 million lives
44:06by getting them to stop.
44:09And I did it largely with tariffs.
44:11I said, look, you're going to fight, that's fine, but you're not going to do business with
44:14the United States, and you're going to pay a 200 percent tariff, each country.
44:18And they called up and they said, we have made peace, okay?
44:24I just want to thank you all.
44:26Look, great certainty has been brought back to the economy of the United States and actually
44:32the economy of the world, because we generate so much in the world.
44:36We're the biggest in the world, and we're now the strongest by far.
44:39We were a country that was dead one and a half years ago.
44:42Now we have the hottest country in the world.
44:43We're going to keep it that way.
44:44Thank you very much, everybody.
44:47Thank you very much.
44:48Thank you, Mr. President.
44:50Would you say 32,000 were killed in Iran, sir?
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