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Trump Brushes Off Concerns About Slumping Home Sales, Defends Tariff And Trade Policy
Forbes Breaking News
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4/25/2025
Speaking to reporters in the Oval Office, President Trump defended his economic record.
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00:00
Mr. President, on the economy, there was a slowdown as it relates to home sales in the month of March,
00:06
the slowest pace since 2009.
00:08
Is that an economic indicator, and perhaps the Treasury Secretary can weigh in on this as well,
00:13
is that an economic indicator that concerns you about the broader U.S. economy?
00:17
No, they have very good numbers on housing today, extremely good numbers,
00:21
and that's despite interest rates, because, you know, if you look at what happened,
00:25
everyone said, oh, I said I was going to get prices down.
00:28
And I did. Energy just hit $1.98 in a couple of states.
00:32
It's way down. Energy is down, and we're about $64 a barrel.
00:37
When I came in, and we were looking at $89, $90, $95.
00:41
And, by the way, that helps us solve the war, too.
00:43
Having those energy prices is a big incentive for Russia to also agree with solving the war problem.
00:52
Groceries are down.
00:53
When I was with you two months ago, you were complaining about eggs.
00:59
I said, I just got here.
01:00
I've been here for — I was here for about a week when the press started saying about eggs have gone through the roof.
01:06
I said, I just got here. Tell me about eggs.
01:08
And they have been.
01:09
They went through the roof, and you couldn't get them.
01:11
So we just had a big Easter egg hunt at the White House, thousands and thousands of eggs.
01:18
And the price was down 87 percent.
01:20
So we did a great job.
01:22
Housing is doing very well.
01:24
We should lower interest rates.
01:26
That's the Fed.
01:27
I hope they lower interest rates.
01:29
That's a smart thing to do, be ahead a little bit, although already it's a little bit late.
01:33
But in the end, we just have a great country.
01:36
We have a very strong country, and we have every other country.
01:39
I can't think of one country that doesn't want to negotiate a deal.
01:43
And they either negotiate a deal or we set a deal that we think is fair.
01:48
Because we don't have to go through all of these — it would be physically impossible.
01:52
You know, you have so many people that really understand it, which is a very small group of people here.
01:58
And we are going to, at some point, just set prices for deals.
02:04
Some will be tariffed.
02:06
Some treated as very unfairly.
02:08
They'll be tariffed higher than others.
02:10
But we've been ripped off for many, many years.
02:12
The United States has been ripped off like no country probably in the history of the world has been ripped off for 45, 50 years.
02:19
And countries have gone rich by doing that with the United States.
02:24
We've taken care of their militaries.
02:26
And military is another subject we talk about.
02:28
We're not going to make that subject to any of the deals.
02:31
But, you know, you know the same countries that I do where we virtually take care of their military and then don't get treated fairly on trade.
02:38
So the people — and I don't blame those countries.
02:41
I blame the people that sat at that beautiful desk right behind you.
02:45
Because those people didn't do the job for this country.
02:49
And they let us lose $4 billion a day on trade.
02:54
We were losing $4 or $5 billion a day on trade when I got here.
02:58
And now we're going to be much better than breaking even.
03:02
And we're going to be making $4 or $5 billion a day on trade.
03:06
So — but the — I don't blame any country.
03:09
Not the worst of them.
03:11
And we were abused by countries.
03:12
I blame the President of the United States that happened to be sitting when these deals were made.
03:19
Disgraceful.
03:20
When I was here, we had a great four years.
03:22
We had the most successful economy in the history of our country, my first term.
03:26
And we were very tough on trade.
03:28
And with China, as you know, they paid hundreds of billions of dollars in tariffs.
03:32
But nobody else ever did that.
03:34
China paid not 10 cents to any other President.
03:37
And they — but not only China.
03:40
Virtually every country got away with murder.
03:44
And we just can't let that happen.
03:47
Thank you very much, everybody.
03:48
Thank you very much.
03:49
Appreciate it.
03:51
Thank you very much.
03:51
Head out.
03:55
Head out.
03:56
Please start reading.
03:57
Thanks, everybody.
03:58
Thank you, press.
03:59
Head out.
04:00
Let's go.
04:02
Thank you, guys.
04:03
Keep it going.
04:05
Thank you, guys.
04:06
One little mistake.
04:07
It's over.
04:07
It's over.
04:08
It's over.
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