- 2 days ago
* Trump Signs Multiple New Executive Orders + Creates The First United States Sovereign Wealth Fund *
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#News #Politics #Trump 47 #Juan O Savin #Nino #Jennifer Mac #Michael Jaco #Education #Republican #USAID #Documentary #
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#News #Politics #Trump 47 #Juan O Savin #Nino #Jennifer Mac #Michael Jaco #Education #Republican #USAID #Documentary #
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NewsTranscript
00:00The President.
00:01The President.
00:02Thank you very much.
00:03We have some very exciting news today.
00:04We have numerous fronts are being covered.
00:07Before we do that, Will will give me certain
00:09proclamations.
00:10We'll sign them.
00:11And you'll hear a little bit about them.
00:13Will, please.
00:14Mr. Yes, sir.
00:15First, we have for your signature five official
00:18designations of special envoys.
00:20The first is Mr. Steve Witkoff, who's actually in
00:23the room to be your Middle East envoy.
00:26Where is Steve?
00:39Steve Witkoff, everybody.
00:42He's done a great job in the Middle East.
00:45Really great.
00:46But we'll see how it all turns out.
00:49It's complex.
00:50But I think he's going to do very well.
00:52The President.
00:53Next, we have Mauricio Claver-Carone to be your
00:55special envoy to Latin America, sir.
00:58The President.
00:59Good man.
01:00Okay.
01:01Thank you, sir.
01:06Next, we have retired General Keith Kellogg to be
01:11your special envoy on Russia and Ukraine issues.
01:14The President.
01:15We've made a lot of progress on Russia, Ukraine.
01:20We'll see what happens.
01:22But a lot of progress has been made.
01:24We're going to stop that ridiculous war.
01:27Okay.
01:28Thank you, sir.
01:29Next, we have a designation of Richard Grinnell, Rick
01:30Grinnell, to be your envoy for special missions.
01:32I sent him to California to turn on the water.
01:35We turned it on.
01:36It was not easy because we had to go through a lot of
01:37environments.
01:38environmentalists that are causing a lot of problems.
01:41And we have billions of gallons of water.
01:43It was on three days ago.
01:44You probably saw.
01:45It should have gotten a lot of press, but it didn't get
01:46much.
01:47All we're doing is giving Los Angeles and the entire
01:48state of California, virtually, unlimited water.
01:49And we have billions of gallons of water.
01:50It was on three days ago.
01:51You probably saw.
01:52Should have gotten a lot of press, but it didn't get
01:53much.
01:54All we're doing is giving Los Angeles and the entire
01:57state of California, virtually, unlimited water,
01:59which they could have done five years ago, which I
02:01told them they should do.
02:02But the environmentalists stopped them.
02:03And we opened it and we did it, regardless of the
02:07state.
02:08And now the state seems to be very happy.
02:10I spoke with Gavin Newsom.
02:11Gavin Newsom.
02:12We have billions of gallons of water.
02:13And we have billions of gallons of water.
02:15It was on three days ago.
02:16You probably saw.
02:17Should have gotten a lot of press, but it didn't get
02:18much.
02:19All we're doing is giving Los Angeles and the
02:20entire state of California virtually unlimited water,
02:21which they could have done five years ago,
02:22which I told them they should do.
02:23I spoke with Gavin Newsom, and he's very happy.
02:28I almost called him by the other name, didn't I?
02:30My little nickname for him.
02:32But I think they're all happy.
02:35They have a lot of water in California.
02:36Too bad we didn't have it about two months ago, right?
02:39That was, by the way, that was a big move.
02:44I don't know if you saw the pictures that were
02:47released of the water pouring down from the
02:50Pacific Northwest and Canada and lots of other
02:52places.
02:53And it's a pretty amazing sight.
02:55Mr. President, Rick Grinnell had a big Friday trip as well.
03:01He had a very big Friday trip.
03:04You're right.
03:05We'll talk about that.
03:06He's doing it.
03:07He's a good man, Rick.
03:08Lastly, sir, we have a designation of Mark Burnett as
03:11your special envoy to the United Kingdom.
03:13You know Mark Burnett is?
03:15I figure he should be good.
03:18He's certainly done a great job.
03:20A friend of mine and a very talented guy.
03:23We have very talented people working for us.
03:25I'll hold that one up because Mark gets so much television.
03:31We'll hold it up, right?
03:32He'll be thrilled to see it.
03:34He's going to do a good job.
03:36Thank you, sir.
03:37Next, your administration has smashed records for appointing
03:42large numbers of highly qualified, capable people at all
03:45levels of the federal government.
03:47These are 28 subcabinet-level officials being appointed to a
03:51number of different departments and agencies.
03:53Some of them are quite important positions like
03:55departmental general counsels, but these are people who have
03:59been pre-vetted and have received your approval previously.
04:02Yep.
04:03Very good.
04:11Okay.
04:12Thank you, sir.
04:13Next, this is an executive order.
04:15This charges your Secretary of the Treasury, Scott Bessent,
04:19and your Secretary of Commerce, Howard Lutnick, to begin a
04:22process that will hopefully result in the creation of an
04:25American sovereign wealth fund.
04:27It's a very exciting event.
04:30We're going to have a sovereign wealth fund, which
04:33we've never had.
04:34We have a lot of things that create wealth, and you've
04:37seen that over the last two weeks.
04:39I think we've created more wealth.
04:41Other people have created de-wealth, the people my
04:44predecessors.
04:45We're creating a lot of wealth.
04:47Scott, maybe you'd like to say something about it, and
04:50I'd ask also Howard to say something about it.
04:53Yes, sir.
04:54This is very exciting.
04:57We're going to stand this thing up within the next 12 months.
05:02We're going to monetize the asset side of the U.S.
05:07balance sheet for the American people.
05:09We're going to put the assets to work.
05:13And I think it's going to be very exciting.
05:17We're going to study best practices that's done around the world.
05:20It will be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.
05:30The extraordinary size and scale of the U.S. government and the business it does with companies should create value for American citizens.
05:43If we are going to buy 2 billion COVID vaccines, maybe we should have some warrants and some equity in these companies and have that grow for the help of the American people.
05:55So, bringing all these things together, I think we'll create, Scott and I will create an amazing sovereign wealth fund for you, sir.
06:02So, other countries have sovereign wealth funds and they're much smaller countries and they're not the United States.
06:09We have tremendous potential in this country.
06:11Tremendous.
06:12You're seeing that what's happened just in a short period of time.
06:15And as an example, TikTok, we're going to be doing something perhaps with TikTok and perhaps not.
06:21If we make the right deal, we'll do it.
06:23Otherwise, we won't.
06:24But I have the right to do that.
06:26And we might put that in the sovereign wealth fund, whatever we make.
06:29Or if we do a partnership with very wealthy people, a lot of options.
06:34But we could put that as an example in the fund.
06:37And we have a lot of other things that we could put in the fund.
06:40And I think in a short period of time, we'd have one of the biggest funds.
06:43And, you know, some of them are pretty large, I must tell you.
06:47Some of the, like the Saudi Arabia fund is on the large side.
06:52But eventually, we'll catch it.
06:54But we're going to create a lot of wealth for the fund.
06:57And I think it's about time that this country had a sovereign wealth fund.
07:01And these two gentlemen and some others are going to work with them very closely.
07:05And they'll be heading it up.
07:06And they're going to do a great job.
07:08Two highly respected people that have done unbelievably well in the world.
07:12In the real world.
07:14So that's a big deal, huh?
07:15Yes, sir.
07:16I think it's going to create value and be of great strategic importance.
07:21Mr. President, why is it important for Elon Musk to have access to the payment systems at Treasury?
07:29Well, he's got access only to letting people go that he thinks are no good if we agree with him.
07:35And it's only if we agree with him.
07:37He's a very talented guy from the standpoint of management and costs.
07:41And we put him in charge of seeing what he can do with certain groups and certain numbers.
07:49The numbers, some of the numbers are horrible, what he's found.
07:52A hundred, think of it, a hundred million dollars on condoms to Hamas.
08:00Condoms to Hamas.
08:02And many other things that are, frankly, even more ridiculous.
08:06And they're finding tremendous waste, really waste more than anything else, I think you could say.
08:14Probably fraud and abuse can be added to it.
08:17The more standard waste, fraud and abuse.
08:20But they're finding tremendous amounts of really bad things, bad spending.
08:26You've been reading about, you've been writing about some of it, frankly.
08:30And some of the things that they've been doing is just terrible.
08:34Elon can't do and won't do anything without our approval.
08:39And we'll give him the approval where appropriate.
08:42Where not appropriate, we won't.
08:44But he reports in and he, it's something that he feels very strongly about.
08:51And I'm impressed because he's running, obviously, a big company.
08:54But he has nothing to do, if there's a conflict that we won't let him get near it.
08:58But he does have a good natural instinct.
09:00He's got a team of very talented people.
09:02We're trying to shrink government.
09:04And he can probably shrink it as well as anybody else, if not better.
09:08Where we think there's a conflict or there's a problem, we won't let him go near it.
09:14But he has some very good ideas.
09:16And we have a lot of other talented people also.
09:18We're bringing in the most talented people in the world.
09:21By the way, we just unrelated, but we have two of the most talented people in the world.
09:25The legendary Rupert Murdoch and Larry Ellison.
09:28So they are two legends in business, publishing, and probably every other.
09:34Rupert is Larry pretty much in a class by himself, right?
09:39I mean, although he may have a couple of bucks more.
09:41I don't know.
09:42But Rupert is in a class by himself.
09:45He's an amazing guy.
09:46And Larry is Larry.
09:49Larry is one of the most serious players anywhere in the world.
09:52So it's an honor to have you.
09:54This has nothing to do with you people.
09:56But they're here and I thought it would be appropriate.
09:58I'm sure you didn't recognize them.
10:00They're all going crazy.
10:02They're saying, what are they doing here?
10:04Thank you, sir.
10:05Mr. President, on the tariffs, is there any chance that Canada
10:08or China could also get out of the tariffs after you start to deal with Mexico?
10:12Well, nobody is out with Mexico.
10:14We had a great talk with Mexico.
10:17And we had President Scheinbaum is a woman.
10:23I like her very much.
10:24And we've had good relationships.
10:25But we have to stop fentanyl from coming in, whether I like somebody or not.
10:29And we have to stop the illegal aliens from coming in.
10:32I think we've lost 200,000 people on average a year for many years.
10:36Much higher than the 100,000.
10:38It could be even closer to 300,000.
10:41And they've agreed to put in 10,000 soldiers permanently, like forever.
10:4710,000 soldiers at their side of the border and stop fentanyl and illegal aliens from coming into our country.
10:54They have a big incentive to do.
10:56Other than that, we've agreed to talk and consider various other things.
11:01We haven't agreed on tariffs yet.
11:03And maybe we will, maybe we won't.
11:05But we have a very good relationship.
11:08I also spoke with Prime Minister Trudeau of Canada.
11:12And we had a good talk in the morning.
11:15But I did ask him a couple of questions, like, you know, banks aren't allowed to do business in Canada.
11:19Canada is very tough.
11:20Canada is very, you know, we're not treated well by Canada.
11:24And we have to be treated well.
11:27Banks are not, as an example, allowed.
11:30Did you know that?
11:31That banks, American banks are not allowed to do business in Canada.
11:34Can you believe that?
11:35And that's one of many things that we talked about.
11:38And I think we'll win most of the subjects.
11:40But for some reason, a lot of things have been very unfair with Canada.
11:45I noticed that in the first term.
11:48You deal with people.
11:49And after a while, you begin to realize, like you learned that Larry Ellison is very tough to do business with.
11:54Okay?
11:55He's a very tough guy.
11:56I mean, I'm sure you're shocked to hear that.
11:58But Canada is very tough.
12:01They're very, very tough to do business with.
12:04And we can't let them take advantage of the U.S.
12:07They don't take our agricultural product, for the most part.
12:10They don't take our cars.
12:12They make cars.
12:13But they basically don't take our cars.
12:15And, you know, we don't need — and look, I think we're going to have another good conversation today.
12:20We're actually speaking at 3 o'clock again.
12:22But we don't need them to make our cars.
12:25We don't need them to give us lumber.
12:27We don't need them for agricultural products, because we have all the agriculture we need.
12:32They don't take our agricultural product, for the most part — our milk and dairy, et cetera.
12:37A little bit they do, but not much.
12:39We take theirs.
12:41And as far as cars are concerned, they took in a big percentage, almost 19 percent of the market.
12:48And, you know, I wouldn't mind making our cars in the United States.
12:51So we have a problem there.
12:53I'd like to make our cars in the U.S.
12:56We don't need Canada to make our cars.
12:58With that being said, we're going to have another call at 3 o'clock.
13:01We had a call this morning.
13:02It was a pretty good call, I'd say.
13:05So the call with Mexico went very well, in the sense that they're very strong now on the border.
13:11They're going to put soldiers there — actually, they're best military soldiers.
13:17And they're going to be at the border — 10,000.
13:20That's a lot of soldiers.
13:21And they want to protect it, also.
13:23You know, they want — they don't want people running through Mexico, coming through Mexico, to come into our country.
13:28So they're going to do that.
13:29And then we're going to talk about other things over the next — and we're going to have — over the next 30 days,
13:34we're going to have Scott, Howard, and Marco — Marco Rubio, Secretary of State — lead the delegation.
13:41And we're going to have a big negotiation with Mexico — I'll be involved, too.
13:47And President Scheinbaum will be involved to see whether or not we can work something out on the tariffs.
13:52What about China, sir?
13:53Yeah, that's all China.
13:54China will be speaking to China probably over the next 24 hours.
13:59That's all China, President Trump.
14:00We don't want fentanyl coming into our country.
14:04Now, we had another big thing — speaking of China — China's involved with the Panama Canal.
14:10They won't be for long.
14:12And that's the way it has to be.
14:14Marco just got back.
14:15As you know, he's in the process of coming back.
14:18I guess he's almost back by now.
14:21And he had a very long conversation with the leader of Panama, the respected man, and some others — the entire leadership group.
14:32And we're trying to work a deal on the Panama Canal.
14:37The Panama Canal was given foolishly years ago to — it shouldn't have happened — years ago to Panama by Jimmy Carter and the group.
14:50We lost 38,000 people building the Panama Canal, like the — one of the great wonders of the world.
14:57It's the biggest job we've ever built, the biggest project we've ever built in this country, dollar-wise and every other way.
15:0438,000 people died — Americans, all men, just about — laborers and construction people that went to Panama.
15:14The mosquito got them.
15:16Between mosquito and snakes, we lost 38,000 people.
15:20It was the most expensive project ever built by the United States.
15:24The biggest, most expensive project we ever built — 110 years ago.
15:29If you bring it up to now, it would have been the equivalent of $2 trillion.
15:32The most expensive we ever built.
15:35And we gave it away for $1, okay?
15:38We gave it away, essentially, for nothing.
15:41And we either want it back, or we're going to get something very strong, or we're going to take it back.
15:51And China will be dealt with.
15:57And we didn't give that to China.
16:00We gave it to Panama.
16:01We shouldn't have given it to Panama.
16:03But Panama, as you know, has violated the agreement — totally violated the agreement.
16:08So that's in the process right now.
16:10But they did have a very good meeting with the head of Panama.
16:13The Press on China.
16:14The Press on China.
16:15Could you say your current thinking about whether China should enforce reparations for fentanyl deaths and the million —
16:23No, I haven't talked about that.
16:25But they do have tariffs.
16:27tariffs.
16:28Honestly, nobody — the amount of money that was lost, and most importantly, the lives lost because of COVID,
16:37is not something that anybody could ever even imagine.
16:42It's probably $60 trillion.
16:44And all the countries in the world don't have $60 trillion.
16:48The amount of death and the amount of destruction and the amount of money lost is probably $60 trillion.
16:55I had it figured by people about three months ago.
16:59I was just — it just said, figure it out.
17:01Nobody knows what the real number is, but it's almost an infinite number, the damage done.
17:07But I have not discussed that.
17:09What I have discussed is we'll have some good meetings with China.
17:13We have meetings planned, and we'll see what happens.
17:17But that was just an opening salvo.
17:20If we can't make a deal with China, then the tariffs will be very, very substantial.
17:24Okay.
17:25I'm going to sign this one.
17:27Sir, this is — you've obviously made Making America Healthy Again a key priority of this administration.
17:32A key component of that is obviously heart health.
17:35This is a ceremonial proclamation declaring the month of February to be National Heart Month.
17:40Okay.
17:41I hear we're doing very well with nominations.
17:44We'll see.
17:45But it looks like we're doing very well with nominations.
17:47Mr. President, have you been involved with calling senators who had some concerns about
17:52Tulsi Gabbard or the RFK you have?
17:54Yes.
17:55Yeah.
17:56I've gotten great response.
17:57And they want to do what's right.
17:59And we've had a good response.
18:00I think we'll do well.
18:02And we have great people, like — people like this.
18:05We have great, great people coming in.
18:08I think — I'd like to say the best ever recruited for government.
18:12I think we have the finest people ever recruited for government.
18:16Well, let's take an act of Congress —
18:18Mr. And you know what?
18:19You're starting to see that because we've done more in two weeks than Biden's done in
18:23four — five years, six years.
18:25They could be here between him and Obama.
18:28You add it up.
18:29Okay?
18:30We've done more in two weeks than they've done in 12 years.
18:33Well, let's take an act of Congress to do away with USAID.
18:36Or do you believe you have —
18:37Mr. I don't know.
18:38I don't think so.
18:39No.
18:40It comes to fraud.
18:41If there's fraud — these people are lunatics.
18:43And if it comes to fraud, you wouldn't have an act of Congress.
18:47And I'm not sure that you would anyway.
18:49But we just want to do the right thing.
18:52It's something that should have been done a long time ago.
18:55It went crazy during the Biden administration.
18:57They went totally crazy, what they were doing,
19:00and the money they were giving to people that shouldn't be getting it,
19:04and to agencies and others that shouldn't be getting it.
19:07It was a shame.
19:08So a tremendous fraud.
19:11But we'll be doing a report.
19:13We'll be giving you that report at the appropriate time.
19:15The Press At the first term though.
19:16USAID was something that you liked in some respect.
19:19The President Trump lean back, a program.
19:21The President Trump had a support program.
19:23The President Trump, yeah, sure.
19:24I love the concept,
19:25but they turned out to be radical left lunatics.
19:26And the concept of it is good,
19:28but it's all about the people.
19:31The Press Heading said you also want to impose
19:32tariffs, only you.
19:33What kind of tariffs are you thinking about?
19:35The President Trump has gone five years asta,
19:37with the European Union massive, like $350 billion,
19:42if you can believe it.
19:43They don't take our farm product.
19:45They don't take our cars.
19:46They don't take almost anything, but we take their cars.
19:49We have millions of cars coming, and BMW, and Mercedes-Benz,
19:53and Volkswagen, and just so many different cars.
19:58And we don't do anything about that.
20:00And we don't charge them tariffs.
20:03They make it impossible to sell cars in the European Union.
20:07They make it a very difficult agricultural product.
20:10They actually don't take it.
20:11And they have a lot of excuses.
20:13Some of them are the pesticides and the different chemicals used.
20:16And Bobby Kennedy actually is looking at that very,
20:21very seriously because maybe it's not necessary to use all of that.
20:25You know, we want to be the healthiest country, and we're not.
20:28We spend more money on food than anybody else
20:30in terms of its creation, but we're not the healthiest country.
20:34So maybe there is something to the fact
20:37that we shouldn't be using so much chemical,
20:40and maybe that'll stop.
20:41But Bobby Kennedy is the one, because he is not a believer
20:44in all of the things we have done,
20:46and neither are the Europeans.
20:48So we'll see what happens.
20:49But they use it as an excuse not to buy our product.
20:53And you tried to ask a couple of the leaders.
20:57I don't want to use names, but how many Chevrolets or Fords
21:01you see in the middle of Munich?
21:03And the answer is none, because they don't take any cars.
21:05They don't take anything.
21:07So the European has abused the United States for years,
21:12and they can't do that.
21:14And they want to make a deal.
21:15Let me tell you, in all cases, they all want to make deals.
21:19There's nobody that doesn't want to make deals.
21:21They've been abusers, and they want to make deals.
21:24So we'll see about that.
21:25But we'll have, I think, some very fair deal.
21:29All we want is a fair deal.
21:31And, you know, there's a word, reciprocal.
21:33I'd go right now, reciprocal tariffs on everybody.
21:37Because many of the countries that you feel so horrible
21:40about, the way they're being treated by Trump,
21:42you're saying, oh, President Trump is so terrible to them.
21:45Well, they charge us tariffs.
21:47The European Union has a VAT tax,
21:49which is through the roof, okay?
21:50It's a similar thing, similar to a tariff.
21:54It's a VAT, and they have it.
21:56And it's numbers like you wouldn't believe.
21:58And Canada, I told you about the banks,
22:01and I told you they charge us.
22:03And people don't say that.
22:05They don't like to say it.
22:06Just like they don't like to say that I opened up
22:08the water for California.
22:10It's a great thing.
22:11It's too bad they didn't do it themselves.
22:12I had to do it, and it was not easy.
22:14We did it a very rough way.
22:16And I didn't like to do it a rough way.
22:18We shouldn't have to do it a rough way.
22:21But a lot of these countries that we're talking about,
22:23you know, they're so-called allies,
22:25but they don't treat us well.
22:27And just like I got $420 billion,
22:31and now it's actually over $600 billion,
22:34the Secretary General of NATO came in two weeks ago,
22:37and he said it was a miracle when Trump came in.
22:40When President Trump came into NATO, I got,
22:43he said it was $636 billion by saying to them,
22:47no, you have to pay.
22:49And if you don't pay, we're not going to be there for you.
22:52You know, somebody has to say it, and they pay it.
22:55And it was a large amount of money.
22:57And one of the problems we have
22:58with the Russia-Ukraine situation is that
23:02we want to see some equalization,
23:05because we're in for close to $300 billion,
23:09and they're in for $200 billion less.
23:12Why are they in for less?
23:14Because Biden never asked them for money.
23:16He never said, you got to pay.
23:18He never did.
23:19All he did is hand out money.
23:21So we're talking with them right now,
23:23and we're actually working some deals right now,
23:25so we have some guarantees and some other things
23:31to keep that whole situation to go, really going.
23:36I mean, going.
23:37We're telling Ukraine they have very valuable rare earth.
23:42We want what we put up to go in terms of a guarantee.
23:47We want a guarantee.
23:49We're handing them money hand over fist.
23:51We're giving them equipment.
23:53European is not keeping up with us.
23:55They should equalize.
23:56And look, we have an ocean in between.
23:58They don't.
23:59It's more important for them than it is for us.
24:02But they're way below us in terms of money.
24:04And they should be paying at least equal.
24:08They should really be paying much more than us.
24:10But let's say equal to us, and they're billions
24:13and billions of dollars below.
24:16So we're looking to do a deal with Ukraine
24:18where they're going to secure what we're giving them
24:21with their rare earth and other things.
24:24Mr. President,
24:25in terms of this idea with Mexico this morning,
24:27was that partially related to the market reaction
24:31and a criticism for Mr. Murdoch's own newspaper?
24:33He called it the Thomas Trey Corps
24:35on the editorial page on Saturday.
24:38I'm going to have to talk to him a little bit.
24:42I've been right over the Wall Street Journal many times,
24:45I will tell you that.
24:46I don't agree with him on some things.
24:47No, it's not only is it not dumb.
24:51You're going to see.
24:52You're going to see.
24:53Every single one of those countries is dying to make a deal.
24:56You know why?
24:57Because they're ripping us off really badly.
25:00And the United States is tired of just being ripped off.
25:05And that's why we have $36 trillion in debt.
25:08We have it for a reason,
25:09because we make bad deals with everybody.
25:12And we don't allow that anymore.
25:15So the Wall Street Journal is wrong because, very simply,
25:18every single country that you're writing about right now
25:21is dying to make a deal.
25:23Because the deals they have right now are so good,
25:26and so good for them, and so profitable for them.
25:29You didn't know that Canada didn't allow our banks.
25:31You didn't know all of these different things.
25:35And I think, in the end, you're going to see
25:36that either very, very substantial tariffs
25:40are going to be paid by them,
25:41or they're going to make some kind of a deal.
25:44The Press.
25:45The Press.
25:46The Press.
25:47The President Biden did what?
25:48The Press.
25:48The President Biden did you blink this morning?
25:49The President Biden did you blink this morning?
25:50The President Biden did you blink?
25:51The President Biden did you blink?
25:52No, she's a wonderful woman.
25:53But she did agree to 10,000 soldiers on the border.
25:54I would say that's a lot.
25:55Would you say that's pretty good?
25:5710,000 soldiers on the border?
25:59The Press.
25:59And the 10,000 soldiers are going to keep illegal aliens out,
26:04and they're going to keep them seriously out,
26:07and otherwise they're going to have a big penalty.
26:09Mexico is going to be penalized.
26:11They're not going to come through Mexico anymore,
26:13and they're not going to let the fentanyl come in from China.
26:16And China, hopefully, is going to stop sending us fentanyl.
26:20And if they're not, the tariffs are going to go substantially higher.
26:23The Press.
26:24Sir, just to clarify what you said about Ukraine earlier,
26:26the rare earths, is that something you want them to give the rare earths to the United States?
26:30Yeah, yeah.
26:31I want to have security of rare earths.
26:35We're putting in hundreds of billions of dollars.
26:37They have great rare earths, and I want security of the rare earths.
26:42And they're willing to do it.
26:43Sir, you mentioned earlier that you want them to go.
26:45The Press.
26:45On Canada, when you talked to Justin Trudeau again,
26:47is there anything he can give you at 3 p.m. when you talk again to also make a pause like you said with Mexico?
26:51I don't know. I don't know. I don't know.
26:54We have big deficits with Canada, like we do with all countries.
26:57I mean, I look at some of the deals made.
26:59I say, who the hell made these deals that are so bad?
27:02But with Canada, I have a talk with him that you maybe know or maybe not.
27:08We're going to meet again or talk again at 3 o'clock, right after my next meeting, and we'll see what happens.
27:16I can't tell you what's going to happen.
27:17The Press.
27:18You mentioned that he could agree to to change their mind on the terror?
27:21Well, we can always – look, what I'd like to see, Canada become our 51st state.
27:26We give them protection, military protection.
27:29We don't need them to build our cars.
27:32I'd rather see Detroit or South Carolina or any one of our – Tennessee, any one of our states build the cars.
27:39They could do it very easily.
27:40We don't need them for the cars.
27:42We don't need them for lumber.
27:44We don't need them for anything.
27:45We don't need them for energy.
27:46We have more energy than they do.
27:48We don't need them for energy.
27:51So I say, why are we doing this?
27:52Why do we – why are we willing to lose between $100 billion and $200 billion a year?
27:58We don't need them.
27:59As a state, it's different.
28:01As a state, it's much different.
28:03And there are no tariffs.
28:05So I'd love to see that, but some people say that would be a long shot.
28:12If people wanted to play the game right, it would be 100 percent certain that they'd become a state.
28:19But a lot of people don't like to play the game because they don't have a threshold of pain.
28:24And there would be some pain, but not a lot.
28:27The pain would be really there.
28:29So we're going to meet again by phone at 3 o'clock, and we'll let you know when it is.
28:35On Israel, President Trump, you're very deep, you mentioned in that Yahoo.
28:38Coming in tomorrow.
28:39Yes, you mentioned in the past that you were concerned about Israel being too small geographically.
28:43Do you support annexation of parts of the West Bank of Israel?
28:47Well, I'm not going to talk about that.
28:49It certainly is a small – it's a small country in terms of land.
28:54I take – see this pen, this wonderful pen?
28:57My desk is the Middle East, and this pen, the top of the pen, that's Israel.
29:02That's not good, right?
29:03You know, that's a pretty big difference.
29:05I use that as an analogy.
29:07It's pretty accurate, actually.
29:09It's a pretty small piece of land.
29:12And it's amazing that they've been able to do what they've been able to do.
29:16When you think about it, there's a lot of good, smart brainpower.
29:20But it is a very small piece of land, no question about it.
29:22President, you said earlier that Elon Musk is doing everything in the United States.
29:26I mean, is there anything that he has done thus far, going to all the agencies,
29:30shutting off access, getting access to federal payments, that all has your – you're okay
29:35with all of that?
29:36President Trump For the most part, yeah.
29:37If we – I mean, if there was something that didn't have my okay, I'd let you know
29:42about it really fast.
29:43And you think there's some areas where you wouldn't let him work against conflicts
29:46of interest?
29:47President Trump If there was a – no, no, I haven't seen that.
29:49And he would know not to do it.
29:51So we haven't had that yet.
29:52But if there was a conflict, we wouldn't let him work at that end.
29:55President Trump We're going to meet with – we're going to meet with Panama on Friday
30:08at about 3.30 in the afternoon, by phone.
30:13And maybe there'll be some representatives at, you know, here or there.
30:17We're going to be talking to Panama on Friday,
30:20essentially.
30:22And they've agreed to certain things,
30:23but I'm not happy with it.
30:25The Pressure on the Middle East, Mr. President,
30:27if I may, do you still have doubts
30:29that the ceasefire will hold?
30:31The President Trump on what?
30:32The Pressure on the Middle East.
30:32Do you think the ceasefire will hold?
30:34The President Trump I have no assurances
30:35that it will hold.
30:36I mean, I've seen people brutalized.
30:38I've never — nobody has ever seen anything like it.
30:41No, I have no guarantees that the peace is going to hold.
30:44Steve, you might want to say something about that
30:46and see what got?
30:48The President Trump it's holding so far.
30:50So we're certainly hopeful.
30:53And that's the President's direction.
30:55Get the hostages out, save lives,
30:57and come to hopefully a peaceful settlement of it all.
31:02So, so far, it's holding.
31:04The Pressure on a different topic,
31:06questionnaires have been going on to FBI agents
31:08across the country who were involved
31:11and potentially in the investigation.
31:12Do you believe anyone involved
31:13at any level should be fired, sir?
31:16Well, I think the FBI was a very corrupt institution,
31:19and I'm a victim of it in a true sense.
31:22I was able to beat it.
31:24But other people have been treated horribly.
31:27I think the FBI has a great repu —
31:31had a great reputation.
31:32I think its reputation was really damaged badly,
31:36as is DOJ.
31:39Look at what they've done in terms of weaponization.
31:41Look at what they've done to a political opponent.
31:43Probably got me elected by what they did.
31:45Or I think I was doing well anyway.
31:47But they might have got me elected.
31:49But you know what?
31:50We have to have pristine, beautiful,
31:53perfect law enforcement.
31:55And what we want to do — and Cash is the one to do it.
31:59He's the one guy that is going to do it.
32:02We have to bring the reputation of the FBI.
32:05We have to bring the fact of the FBI back to what it could be.
32:09Not even to what it was, even better than it ever was.
32:13Because who would have thought that the FBI could have been corrupted
32:17like they were corrupted?
32:18Who would have thought that would have happened?
32:20Who would have thought they would have been used to go after,
32:22you know, political opponents, essentially,
32:24but me being the number one?
32:27And so many other things beyond that.
32:29And they've been hurt very badly, and we'll see what happens.
32:32But Cash is the one to do it, and I hear he's doing very well.
32:35Cash will straighten it out.
32:37And we have great confidence that we can make the FBI great again.
32:41Okay, one or two more, and we'll be done.
32:44Tulsi Gabbard's nomination is —
32:46Say it?
32:46Tulsi Gabbard?
32:47Yeah, I think Tulsi's going to be doing okay.
32:50I'm not sure — I can't guarantee anything.
32:52But she's liked by so many people,
32:55especially people in the military and law enforcement.
32:58She has a little bit of trouble with some senators
32:59over her thoughts on Edward Snowden.
33:01I know Snowden, you've mentioned in the past,
33:03you're thinking about pardoning him.
33:05Are you still, and what would you think about Edward Snowden?
33:07No, I don't talk about it right now.
33:09I just — people feel very differently.
33:11Some people think he should be pardoned,
33:13and some people think it would be a terrible thing to do.
33:16But I don't get involved in that.
33:18Mr. President, what are you discussing with Mr. Murdoch?
33:22Just respect.
33:23I have great respect for Rupert Murdoch.
33:25I disagree with him a lot of times with the Wall Street Journal,
33:28but that's all right.
33:29We've disagreed before.
33:30But — and I'm sure they didn't have any idea what they were talking about,
33:35because already you see what's happening.
33:37Look at Columbia.
33:39Look at what happened with that.
33:41Everybody said that with Columbia it was going to be a disaster.
33:45In one hour everything was settled.
33:49You know why?
33:50Tariffs.
33:52Tariffs.
33:53Without tariffs they wouldn't have been the same way.
33:56They would not have treated me the way they treated me,
33:59which was extremely nicely.
34:03And I don't want to use countries.
34:05I don't want to use names, but tariffs are very powerful,
34:08both economically and in getting everything else you want.
34:11Tariffs for us, nobody can compete with us because we're the pot of gold.
34:15But if we don't keep winning and keep doing well,
34:18we won't be the pot of gold,
34:19and then tariffs won't be so good for us.
34:22But when you're the pot of gold, the tariffs are very good.
34:27They're very powerful,
34:28and they're going to make our country very rich again.
34:31Thank you very much, everybody.
34:32Thank you, guys.
34:33Thank you, guys.
34:34Let's go.
34:35I don't know.
34:36Thank you, guys.
34:37Let's go.
34:38How is the market doing?
34:39Thank you, guys.
34:40Thank you, guys.
34:41Thank you, guys.
34:42Let's go.
34:43I do.
34:44I don't think about it.