Flying high at 35,000 feet, former President Donald Trump delivered a fiery defense of his tariff policy, declaring that the "world must pay" for decades of what he calls economic abuse against the U.S. Speaking mid-flight with reporters, Trump stood firm on escalating tariffs against countries like China, calling it a “necessary medicine” for global trade. He dismissed fears of economic fallout, touting strong revenue gains and declining inflation. His remarks, unfiltered and direct, sent ripples through diplomatic circles and markets alike.
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NewsTranscript
00:00I don't want anything to go down, but sometimes you have to take medicine to fix something.
00:05I spoke to a lot of leaders, European, Asian, from all over the world.
00:10They're dying to make a deal, but I said, we're not going to have deficits with your country.
00:16We're not going to do that, because to me a deficit is a loss.
00:20We're going to have surpluses, or at worst, going to be breaking even.
00:25We will be taking in over a trillion dollars over the next short period of time
00:30with the tariffs that I've already instituted.
00:33They're already in place.
00:35Now what's going to happen with the market, I can't tell you,
00:37but I can tell you our country has gotten a lot stronger.
00:41But I do want to solve the deficit problem that we have with China,
00:45with the European Union and other nations.
00:48And they're going to have to do that.
00:50And if they want to talk about that, I'm open to talking.
00:53Otherwise, why would I want to talk?
00:55They want to talk, but there's no talk unless they pay us a lot of money on a yearly basis.
01:01The report is that we had a deal pretty much with Tic Tac.
01:04Not a deal, but pretty close.
01:06And then China changed the deal because of tariffs.
01:09If I gave a little cut in tariffs, they'd approve that deal in 15 minutes.
01:13Which shows you the power of tariffs, right?
01:16I don't want anything to go down.
01:18But sometimes you have to take medicine to fix something.
01:21I spoke to a lot of leaders, European, Asian, from all over the world.
01:26They're dying to make a deal.
01:28But I said, we're not going to have deficits with your country.
01:32We're not going to do that.
01:34Because to me, a deficit is a loss.
01:36We're going to have surpluses or, at worst, going to be breaking even.
01:40We will be taking in over a trillion dollars over the next short period of time
01:47with the tariffs that I've already instituted.
01:50They're already in place.
01:52Now, what's going to happen with the market, I can't tell you.
01:54But I can tell you, our country has gotten a lot stronger.
01:57But I do want to solve the deficit problem that we have with China, with the European Union and other nations.
02:04And they're going to have to do that.
02:06And if they want to talk about that, I'm open to talking.
02:09But otherwise, why would I want to talk?
02:11They want to talk.
02:12But there's no talk unless they pay us a lot of money on a yearly basis.
02:16The report is that we had a deal pretty much with Tic Tac.
02:19Not a deal, but pretty close.
02:21And then China changed the deal because of tariffs.
02:24If I gave a little cut in tariffs, they'd approve that deal in 15 minutes.
02:29Which shows you the power of tariffs.
02:31I'm concerned, are you, about the measles outbreak?
02:33There was another fatality today.
02:35And what else would you like to see in terms of the response?
02:37Well, I think they're doing reports on it.
02:41It's so far a fairly small number of people relative to what we're talking about.
02:46Something that people have known about for many, many years.
02:50I mean, measles has been, you know, this is not something new.
02:53And we'll see what happens.
02:55But certainly, if something, if it progresses, we'll have to take action.
03:01Sir, when are the next set of talks with Russia?
03:04And who will participate?
03:05And where are we in terms of making progress, in terms of peace?
03:08We're talking to Russia.
03:09We'd like them to stop.
03:10I don't like the bombing.
03:12The bombing goes on and on.
03:14And every week, people, thousands of young people are being killed.
03:18And it's a horrible thing that should have never started.
03:21Would have never started if I were president.
03:24100%.
03:25What are you and Prime Minister Netanyahu going to speak about tomorrow?
03:28We're going to talk about trade.
03:32Yeah, we're going to talk about the obvious subject.
03:34You know what the obvious subject is.
03:36Do you have any news for us on the obvious subject?
03:38I'm trying to do trade just to keep it down.
03:40There's a lot of things going on with the Middle East right now that have to be silenced.
03:46You know, we had no problem with the Middle East.
03:49Everything was done.
03:51We had no problem with Iran.
03:53We had no problem with anybody.
03:55And then you had October 7th.
03:57And that was all because Iran, as you know, was not giving money to anybody
04:01because they had no money.
04:03Now they have a lot of money.
04:05So we'll see what happens.
04:07When are the next set of talks with Russia?
04:09And who will participate?
04:11And where are we in terms of making progress, in terms of peace?
04:13We're talking to Russia.
04:15We'd like them to stop.
04:17I don't like the bombing.
04:19The bombing goes on and on.
04:21And every week, people, thousands of young people are being killed.
04:23And it's a horrible thing that should have never started.
04:25Would have never started if I were president.
04:27100%.
04:29What are you and Prime Minister Netanyahu going to speak about tomorrow?
04:33We're going to talk about trade.
04:35And we're going to talk about the obvious subject.
04:37You know what the obvious subject is, right?
04:39Do you have any news for us on the obvious subject?
04:41I'm trying to do trade, just to keep it down.
04:43There's a lot of things going on with the Middle East right now that have to be silenced.
04:49You know, we had no problem with the Middle East.
04:53Everything was done.
04:55We had no problem with Iran.
04:57We had no problem with anybody.
04:59And then you had October 7th.
05:01And that was all because Iran, as you know, was not giving money to anybody because they had no money.
05:07Now they have a lot of money.
05:09So we'll see what happens.
05:11Speaking of the border, have you talked to Attorney General Pam Bondi recently about the cases going on with the deportations?
05:15Yeah, sure.
05:17It's really sad when you think that Biden allowed millions of people to come in.
05:19And if they find one.
05:21Now, I will tell you.
05:23Somebody said he's a member of MS-13, not Tren de Aragua.
05:28He's a member of MS-13, and therefore he should immediately be brought back.
05:33Well, MS-13 is just as bad as Tren de Aragua.
05:37El Salvador's president said on exit he'd been invited to the White House on April 14th for a working visit.
05:42In their system, their prison system, they spend a tiny fraction of the money that this country spends.
05:49But he is coming in.
05:51I don't know when, but he is coming in sometime over the next couple of weeks.
05:55The president there said he would be willing to take American citizens and the federal prison population.
05:59Is that one of the ideas you're going to be discussing?
06:01Well, I love that.
06:03If we could take some of our 20-time wise guys that push people into subways and that hit people over the back of the head
06:09and that purposely run people over in cars, if he would take them, I'd be honored to give them.
06:14I don't know what the law says on that, but I can't imagine the law would say anything different.
06:19If they can house these horrible criminals for a lot less money than it costs us, I'm all for it.
06:26But I'd only do according to the law.
06:29How concerned are you about the measles outbreak?
06:31There was another fatality today.
06:33What else would you like to see in terms of the response?
06:35Well, I think they're doing reports on it.
06:39It's so far a fairly small number of people relative to what we're talking about.
06:44It's something that people have known about for many, many years.
06:48Measles has been, you know, this is not something new.
06:51And we'll see what happens.
06:53But certainly, if something, if it progresses, we'll have to take action.
06:59Former New Hampshire Governor Chris Sununu is saying that he'll win the Open Senate seat in New Hampshire
07:04and that he has no doubt you'll support him if he runs.
07:07Is that true?
07:08True.
07:09I told him.
07:10He came to my office, came to the Oval Office and met with Chris Sununu.
07:14And I support him fully.
07:16I hope he runs.
07:17He's been very nice to me over the last year or so.
07:21But, no, I hope he runs.
07:23I think he'll win that seat.