Speaking to reporters in the Oval Office, President Trump was asked about patience in the public for rising prices due to tariffs.
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00:00With companies like Ford and Mattel recently saying they're going to raise prices on certain products,
00:07how long do you think the American public is going to be patient?
00:10Well, I don't think, I think they're saying that just to try and negotiate deals with me.
00:15They're not.
00:17Look, tariffs are the most misunderstood thing, maybe in any form of business, anywhere in business.
00:23Oftentimes the country picks them up.
00:25Oftentimes the company picks it up.
00:27The people don't pick it up.
00:29Okay, the people don't pick it up.
00:31And if Ford did that, they wouldn't sell any cars.
00:33And if Mattel, I don't know, I'm not so sure, they also said, they're the only country I've heard,
00:39they said, well, we're going to go counter, we're going to try going someplace else.
00:42That's okay.
00:43Let him go and we'll put a 100% tariff on his toys and he won't sell one toy in the United States.
00:49And that's their biggest market.
00:50I heard that.
00:51I mean, I watched this guy talking about how I'm going to go counter.
00:54I said, well, I wouldn't want to have him as an executive too long.
00:57Well, the Ford people I know very well, what they're doing is negotiating with us by saying that.
01:03But we don't think that's going to happen.
01:05Look, I put out a truth today and it said that gas is down, gasoline is down, energy is down, groceries are down, eggs are down.
01:15I mean, eggs, thank you very much, but eggs are down.
01:18When I came in the first week, you guys hit me with eggs.
01:21I said, what the hell happened with eggs?
01:23Eggs were up like 170% and going up and they said, don't order any for Easter.
01:29And we were thinking about ordering plastic eggs like everybody was doing.
01:34And Brooke did a fantastic job, agriculture.
01:37Brooke did a fantastic job.
01:38And we had hundreds of thousands of eggs out here on the lawn just two weeks ago at Easter.
01:45But you take a look at the cost.
01:47Energy is down.
01:48Even interest rates are down.
01:50Now, if the chairman of the Fed, Jerome, if he would lower interest rates like China did, like I think UK did, but like numerous other countries have done, it's like jet fuel.
02:05It'd be great.
02:06But he doesn't want to do it.
02:07I think he doesn't want to do it.
02:09Probably he's not he's not in love with me.
02:12I think that's right.
02:13It's sort of a crazy reason.
02:14But that's the way life is.
02:17Anybody in his position would be large.
02:19It would be like jet fuel.
02:21But even without that, we're doing well.
02:23But remember this.
02:24You know, I've watched you people reporting over the last few months that if we do this, you know, prices are going to go through.
02:31Well, groceries are down.
02:34All of this stuff is down.
02:36Lumber is down.
02:38Oil is gone.
02:39I mean, we have that thing broke 60, right?
02:42$60 apparel.
02:43And $98, $1.98, $1.99 in some cases.
02:47And heading and heading in that direction.
02:53Now, I think it's been amazing, actually.
02:55You know, and what that's good for, it gives the consumer more money and it gives them a better life.
03:00Because we just came out of the worst inflation, in my opinion, in the history of our country.
03:04They say 48 years.
03:05But Biden really screwed it up.
03:07He screwed up energy.
03:08And he also paid, he spent too much money.
03:10He was spending it on, you know, a Green News scam.
03:13And that's like throwing the money.
03:14See that beautiful window behind?
03:15Take money, throw it right out that window.
03:18Because it's the same thing.
03:19He just, he spent, he spent, he spent $10 trillion.
03:23He wasted it.
03:24Not only was it bad, it was, it was a negative.
03:26It wasn't even like it helped a little bit.
03:29It was a real negative.
03:31And then on top of it, they let 21 million people into our country without any identification, any, anything.
03:37Just let them in.
03:38It's very, very sad.