Trump: 'I Think The Tariffs Will Be Enough To Cut All Of The Income Tax'

Forbes Breaking News

Speaking to reporters, President Trump touted his tariffs.

Transcript

00:00The Press on Zelensky.

00:02You know, the last meeting you had was pretty rough.

00:05Do you sense a different attitude now?

00:07And it's so wild.

00:08I do.

00:09I see him as calmer.

00:11I think he understands the picture.

00:14And I think he wants to make a deal.

00:16I don't know if he wanted to make a deal.

00:18I think he wants to make a deal.

00:20Thank you, sir.

00:21Good job.

00:22Good question.

00:23Did you talk to anyone about tariffs yesterday?

00:24Did any foreign leaders approach you and ask?

00:26I did, and you probably saw.

00:27I think every foreign leader approached me and said hello,

00:30and a lot of good relationships.

00:33And we're going to be taking in a tremendous amount of money.

00:37We're going to be taking in a lot of jobs,

00:39a lot of plants and factories.

00:41They're already coming.

00:42I mean, you see it.

00:43And we're going to make a lot of money,

00:45and we're going to cut taxes for the people of this country.

00:48It'll take a little while before we do that.

00:50But we're going to be cutting taxes.

00:52And it's possible we'll do a complete tax cut,

00:55because I think the tariffs will be enough to cut all of the income tax.

00:59Now, we have a lot of debt that's been left to us,

01:02you know, unfortunately, over many years.

01:04We'll take care of that.

01:05But the tariffs — if people only understood the tariffs,

01:10we're going to be giving people of this country a tremendous tax cut.

01:14And we're going to start with people making less than $200,000 a year.

01:18The Press, a little bit.

01:20Look, a little bit.

01:21They want to make a deal, obviously.

01:23Right now, they're not doing business with us.

01:25You know, people talk about going cold turkey with China.

01:27Meaning just forget about it.

01:28And we were losing hundreds of billions of dollars a year with China.

01:33And now, they're not doing any business with us, you know?

01:35Because — not because of them.

01:36Because of me.

01:37Because at 145 percent, you can't do business.

01:40you know because not because of them because of me because at 145 percent you can't do business

01:47but something's going to happen that's going to be possible

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