thank you very much we have some very exciting news today we have uh numerous fronts are being covered before we do that will will give me certain proclamations we'll sign them and you'll hear a little bit about them will please sir uh first we have for your signature uh five official designations of special envoys the first is uh Mr Steve witkoff who's actually in the room to be your U Middle East Envoy where is Steve Steve wov everybody done a great job in the Middle East really great but we'll see how it all turns out
it's complex but I think he's going to do very well next we have H morrio Claver coron to be your special Envoy to Latin America sir okay good man okay thank you sir uh next we have retired General Keith Kellogg to be your special Envoy on Russian Ukraine issues we've made a lot of progress on Russia Ukraine we'll see what happens but a lot of progress has been made we're going to stop that ridiculous War okay thank you sir uh next we have uh designation of Richard grenell Rick grenell uh to be your Envoy for
special missions I sent him to California to turn on the water we turned it on it was not easy because we had to go through a lot of environmentalists that are causing a lot of problems and we have billions of gallons of water uh it was on 3 days ago you probably saw should have gotten a lot of press but it didn't get much all we're doing is giving Los Angeles and the entire State of California virtually unlimited water which they could have done five years ago which I told them they should do but the
environmentalist stopped them and we opened it and we did it uh regardless of uh the state and now the state seems to be very happy I spoke with Gavin new Nome and he uh he's uh very happy I almost called him by the other name my little nickname for him but uh I think they're all happy they have a lot of water in California too bad we didn't have it about two months ago right that was by the way that was a big that was a big move we have I I don't know if you
saw the pictures that were released of the water pouring down from the Pacific Northwest and Canada and lots of other places and it's a pretty amazing site Mr President Rell big Friday trip as well he had a very big Friday trip you're right we'll talk about that he he's doing he's a good man Rick lastly sir we have a designation of Mark Bernett as your special Envoy to the United Kingdom you know who Mark Bernett is I figure he should be good he's certainly done a great job friend of mine and very talented guy we
have very talented people working for us I'll hold that one up because get so much television will hold it up right he'll be thrilled to see it he's going to do a good job thank you sir uh next your Administration has smashed records uh for appointing large numbers of Highly qualified capable people at all levels the federal government uh these are 28 sub cabinet level officials being appointed to a number of different departments and agencies some of them are quite important positions like departmental departmental General counsels uh but these are people have been prev vetted
and have received your approval previously very good okay thank you sir uh next this is an executive order this charges your Secretary of the Treasury uh Scott bessent and your secretary of Commerce Howard lutnick uh to begin a process that will hopefully result in the creation of an American Sovereign wealth fund it's a very exciting event we're going to have a sovereign wealth fund which we've never had we have a lot of things that create wealth and you've seen that over the last two weeks I think we've created more wealth other people have created de
wealth the people my predecessors we're creating a lot of wealth uh Scott maybe you'd like to say something about it and I'd ask also Howard to say something about it yes sir this is very exciting we're going to stand this up within the next 12 months we are going to uh monetize the asset side of the US balance sheet for the American people we are going to uh put the assets to work and I think uh it's going to be very exciting we're going to study best practices that's done around the world it'll be a
combination of liquid assets assets that we have in this country as we work work to bring them uh out for the American people the extraordinary size and scale of the US government and the business it does with companies uh should create value for American citizens if we are going to buy two 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 so I bringing all these things together I think we'll create Scott and I will create an amazing amazing Sovereign
wealth fund for you sir so other countries have Sovereign wealth funds and they're much smaller countries and they're not the United States we have tremendous potential in this country tremendous you're seeing that what's happened just in a short period of time and as an example Tik Tock we're going to be doing something perhaps with Tik Tock and perhaps not if we make the right deal we'll do it otherwise we won't but I have the right to do that and we might put that in the Sovereign wealth fund whatever we make or if we do a
partnership with uh very wealthy people a lot of options but we could put that as an example in the fund and we have a lot of other things that we could put in the fund and I think in a short period of time we'd have one of the biggest funds and you know some of some of them are pretty large I must tell you some of the like the Saudi Arabia fund is is on the large side but eventually we'll catch it but we're going to uh create a lot of wealth for the fund and
I think it's about time that this country had a sovereign wealth fund and these two gentlemen and some others are going to work with them very closely and they'll be heading it up and they're going to do great job two highly respected people that have done unbelievably well in the world in the real world so that's a big deal huh yes sir I think I think it's going to create value and be of great strategic importance Mr President why is it important for Elon to have access to the payment systems at treasury well he's got
access only to letting people go that he thinks are no good if we agree with him and it's only if we agree with him he's a very talented guy from the standpoint of management and costs and we put him in charge of seeing what he can do with certain uh groups and certain numbers the numbers some of the numbers are horrible what he's found uh 100 think of it a hundred million dollar on condoms to Hamas condoms to Hamas and many other things that are frankly even more ridiculous and they're finding tremendous uh waste uh
really waste more than anything else I think you could say probably Fraud and Abuse can be added to it the more standard waste Fraud and Abuse but they're finding tremendous amounts of uh really bad things bad spending uh you've been reading about you've been writing about some of it frankly and some of the things that they've been doing is is just terrible Leon Elon can't do and won't do anything without our approval and we'll give him the approval we're appropriate we're not appropriate we won't but uh he reports in and he uh it's it's something
that he feels very strongly about and I'm impressed because he's running obviously a big company has nothing to do if there's a conflict that we won't let him get near it but he does have a good natural Instinct he's got a team of very talented people we're trying to shrink government and he can probably shrink it as well as anybody el else if not better where we think there's a conflict or there's a problem we won't let him go near it but he has some very good ideas and we have a lot of very other
talented people also we're bringing in the most talented people in the world by the way we just unrelated but we have two of the most talented people in the world the legendary rert Murdoch and Larry Ellison so they are two legends in in business publishing and probably every other rert is uh Larry pretty much in a Class by Himself right I mean although you may have a couple of bucks more I don't know but but rert is in a Class by Himself he's an amazing guy and Larry is uh Larry is Larry Larry is one
of the most serious players anywhere in the world so it's an honor to have you this has nothing to do with you people but they're here and I thought it would be appropriate I'm sure you didn't recognize them they all going crazy they're saying what are they doing here thank you Mr is there any chance that Canada or China could also get out of the tariffs after you struck a deal with Mexico well nobody's out with Mexico we had a great talk with Mexico and uh we had president Shin Bal is a woman I like
her very much we've had good relationships but we have to stop fentol from coming in whether I like somebody or not and we we have to stop the illegal aliens from coming in I think we've lost 200,000 people on average a year for many years much higher than the 100,000 could be even closer to 300,000 and they've agreed to uh put in 10,000 soldiers permanently like forever 10,000 soldiers at their side of the border and stop fentol and illegal aliens from coming into our country they have a big incentive to do other than that we've
agreed to talk and consider consider uh various other things we haven't agreed on tariffs yet and maybe we will maybe we won't but we have a very good relationship I also spoke with prime minister Trudeau Canada and we had a good talk in the morning but I did ask him a couple of questions like you know Banks aren't allowed to do business in Canada Canada is very tough Canada is very you know we're not treated well by Canada and we have to be treated well um banks are not as a example allowed did you know
that that Banks American banks are not allowed to do business in Canada can you believe that and that's one of many things and we talked about and I think we'll win most of the subjects but for some reason uh a lot of things have been very unfair with Canada I noticed that in the first term you deal with people and after a while you begin to realize like you learned that Larry Ellison's very tough to do business with okay he's a very tough guy I mean I'm sure you're shocked to hear that uh but but
uh Canada is very tough they're very very tough to do uh business with and we can't let them take advantage of the US they don't take our Agricultural Product for the most part uh they don't take our cars they make cars but they basically don't take our cars and you know we don't need and and look I I think we're going to have another good conversation today we're actually speaking at 3:00 again but we don't need them to make our cars we don't need them to give us Lumber we don't need them for agriculture ultural
products because we have all the agriculture we need they don't take our Agricultural Product for the most part our milk and dairy Etc a little bit they do but not much we take theirs uh and as far as cars are concerned they took in a big percentage almost 19% of the market and you know I wouldn't mind making our cars in the United States so we have a problem there I'd like to make our cars in the us we don't need Canada to make our cars with that being said we're going to have another call
at 3:00 we had a call this morning it was a pretty good call I'd say uh so the call with Mexico went very well in the sense that uh they're very strong now on the border they're going to put soldiers there so actually they're their best military soldiers and they're going to be at the border 10,000 that's a lot of soldiers and they want to protect it also you know they want they don't want people running through Mexico coming through Mexico to come into our country so they're going going to do that and then we're
going to talk about other things over the next and we're going to have over the next 30 days we're going to have Scott Howard and Marco Marco Rubio Secretary of State lead the delegation and we're GNA have a big negotiation with Mexico uh I'll be involved to and president Shin bam will be involved to see whether or not we can work something out on the tariffs China will be speaking to China probably over the next 24 hours fent China president Trump we don't want fentol coming into our country now we had another big thing speaking
of China uh China's involved with the Panama Canal they won't be for long and that's the way it has to be uh marker just got back as you know he's in the process of coming back I guess he's almost back by now and he had a uh very long conversation with the leader of Panama the respected man and uh some other the entire leadership group and we're trying to work a deal on the Panama Canal the Panama Mar Canal was given foolishly years ago to it shouldn't have been happened years ago to Panama by Jimmy
Carter and the group uh we lost 38,000 people building the Panama Canal like the one of the great wonders of the world it's the biggest job we've ever built the biggest project we've ever built in this country dollar-wise and every other way 38,000 people died Americans all men just about uh laborers and construction people they went to C Panama the mosquito got them between mosquito and snakes we lost 38,000 people it was the most expensive project ever built by the United States most the biggest most expensive project we ever built 110 years ago if you
bring it up to now it would have been the equivalent of $2 trillion the most expensive we ever built and we gave it away for $1 okay we gave it away essentially for nothing and we either want it back or we're going to get something very strong or we're going to take it back and China uh will be dealt with and we didn't give that to China we gave it to Panama we shouldn't have given it to Panama but Panama as you know has violated the agreement totally violated the agreement so that's in the process
right now but they did have a very good meeting with the head of Panama on China you say your current thinking about whether China should be forced to keep reparations both for FAL deaths and no I haven't talked about that but they do have tariffs honestly nobody the the the amount of money that was lost and and most importantly the lives lost because of covid will is not something that anybody could ever even imagine it's probably $60 trillion and all the countries in the world don't have $60 trillion the amount of death and the amount
of Destruction and the amount of money lost is probably $60 trillion I had it figured by people about uh 3 months ago was just it just said figure it out nobody knows what the real number is but it's a an almost an infinite number the damag done no but I have not discussed that what I have discussed is uh we'll have some good meetings with China we have meetings planned and we'll see what happens but that was just a an opening Salvo if we can't make a deal with China then the tariffs will be very
very substantial okay I'm going to sign this one sir this is uh you've obviously made making America healthy again a key priority of this Administration a key component of that is obviously heart health this is a ceremonial Proclamation declaring the month of February to be National heart month okay I here we're doing very well with nominations we'll see but it it looks like we're doing very well with nominations Mr pres have you been involved with calling Senators who had some concerns about yes yeah I've gotten great response and they want to do what's right and
we've had a good response I think we'll do well we have great people like people like this we have great great people uh coming in I think I'd like to say the best ever recruited for government I think we have the finest people ever recruited for government will we take an active Congress and you know what you're starting to see that because we've done more in two weeks than Biden's done in four five years six years they could be here between him and Obama uh you added up okay we've done more in two weeks than
they've done in 12 years will it take an act of Congress to do away with usaid or you believe I don't know I don't think so not when it comes to fraud if there's fraud these people are lunatics and if it if it comes to fraud you wouldn't have an active Congress and I'm not sure that you would anyway but we just want to do the right thing that's uh it's something that should have been done a long time ago went crazy during the Biden administr they went totally crazy what they were doing and the
money they were giving to people that shouldn't be getting it and to agencies and others that shouldn't be getting it was a shame so uh tremendous fraud but we'll be doing a report we'll be giving you that report at the appropriate time you know the first term though us was something that you liked in some respects I love the concept of it sure I love the concept but they turn out to be radical left lunatics and the concept of it is good but uh it's all about the people Mr President you said you also want
to impose tariffs on the EU what kind of tariffs are you thinking about well we have massive deficits with the European Union massive like $350 billion dollars if you can believe it they don't take our farm product they don't take our cars they don't take almost anything but we take their cars we have millions of cars coming in BMW and uh Mercedes bins and Volkswagen and just so many different uh cars that we don't do anything about that and uh we don't charge them tariffs they make it impossible to sell cars in the European Union
uh they make it very difficult Agricultural Product they actually don't take it and they have a lot of excuses some of them are the pesticides and the different chemicals used and uh Bobby Kennedy actually is uh looking into that very very seriously because maybe it's not necessary to use all of that you know we want to be the healthiest country and we're not we spend more money on food than anybody else in terms of its creation but we're not the healthiest country so maybe there is something to the fact that we shouldn't be using so
much chemical and maybe that'll stop but Bobby Kennedy is the one because he's he is not a believer in all of the things we have done and neither are the Europeans so we'll see what happens but they use it as an excuse not to buy our product uh and they you tried I asked uh a couple of the leaders I don't want to use names but how many Chevrolets or Fords do you see in the middle of Munich and the answer is none because they don't take any cars they don't take anything so the European
has abused the United States for years and uh they can't do that and they want to make a deal let me tell you in all cases they all want to make deals there's nobody that doesn't want to make deals they've been abusers and they want to make deals so uh we'll see about that but uh we'll have I think some very fair all we want is a fair deal and you know there's a word reciprocal I'd go right now reciprocal tariffs on everybody because many of the countries that you feel so horrible about the way
they're being treated by Trump you're saying oh president Trump is so terrible to them well they charge us tariffs European Union has a vat tax which is through the roof okay it's a similar thing similar to a tariff it's a vat and they have it and its numbers like you wouldn't believe and uh Canada I told you about the banks and I told you they they charge us and people don't say that they don't like to say it just like they don't like to say that I opened up the water for California it's a great
thing it's too bad they didn't do it themselves I had to do it and it was not easy we did it a very rough way and I didn't like to do it a rough way we shouldn't have to do it a rough way but uh a lot of these countries that we're talking about you know they're are so-called allies but they don't treat us well and just like I got $420 billion do and now it's actually over $600 billion the Secretary General of NATO came in two weeks ago and he said it was a miracle
when Trump came in when President Trump came into NATO I got he said it was $636 billion by saying to them no you have to pay and if you don't pay we're not going to be there for you you know somebody has to say it and they paid and it was a large amount of money and one of the problems we have with the Russia Ukraine situation is that uh we want to see some Equalization because we're in for close to $300 billion and they're in for $200 billion less why are they in for Less
because Biden never asked them for money he never said you got to pay he never did all he did is hand out money so we're talking with them right now and we're actually working some deals right now so we have some uh some guarantees and some uh other things to keep that whole situation to go really going I mean going we're telling uh Ukraine they have very valuable Rare Earth we want what we put up to uh go in terms of a guarantee we want a guarantee we want we're handing them money hand over fist
we're giving them equipment European is not keeping up with us they should equalize and look we have an ocean in between they don't it's more important for them than it is for us but they're way below us in terms of money and they should be paying at least equal they should really be paying much more than us but let's say equal to us and they have billions and billions of dollars below so we're looking to do a deal with Ukraine where they're going to secure what we're giving them with their Rare Earth and other things
deal with Mexico this morning was that uh partially related to the market reaction and a criticism from Mr Murdoch's own newspaper he called it the dumbest trade war on the editoral page satday I'm gonna have to talk to him I've been right over the Wall Street Journal many times I will tell you I don't agree with him on some things no it's uh not only is it uh not them you're going to see you're going to say every single one of those countries is dying to make a deal you know why because they're ripping us
off really badly and the United States is tired of been ripping just being ripped off and uh that's why we have $36 trillion in debt we have it for a reason because we make bad deals with everybody and we don't allow that anymore so the Wall Street Journal is wrong because very simply every single country that you're writing about right now is dying to make a deal because the deals they have right now are so good and so good for them and so profitable for them you didn't know that Canada didn't allow our banks you
didn't know all of these different things uh and I think in the end you're going to see that uh either very very substantial tariffs are going to be paid by them or they're going to make some kind of a deal or did Mexican president shine did what did you blink this morning there was no blinking she's a wonderful woman but she did agree to 10,000 soldiers on the border I would say that's a lot would you say that's pretty good 10,000 soldiers on the border and the and the 10,000 soldiers are going to keep illegal
aliens out and they're going to keep them out seriously out and otherwise they're going to have a big penalty Mexico is going to be penalized they're not going to come through Mexico anymore and they're not going to let the fentol come in from China and China hopefully is going to stop sending us fentol and if they're not the tariffs are going to go substantially higher sir on just to clarify what you said about Ukraine earlier the rare Earths is that you want them to give the rare earth to the United States yeah yeah I want
to have security of rare earth we're putting in hundreds of billions of dollars they have great Rare Earth and I want security of the rare earth and they're willing to do it sir you on Canada when you talk toau again is there anything he can give you at 3M when you talk again to also I don't know said I don't know we have big deficits with Canada like we do with all countries I mean I look at some of the deals made I say who the hell made these deals are so bad but with Canada
um I have a talk with him and you maybe know or maybe not uh we're going to meet again or talk again at 3:00 right after my next meeting and we'll see what happens I I can't tell you what's going to happen mention that he could agree to to change your mind on the well we can always but look what I'd like to see Canada become our 51st state we give them protection military protection uh we we don't need that them to build our cars I'd rather see Detroit or South Carolina or any one of
our Tennessee any one of our states build the cars they could do it very easily we don't need them for the cars we don't need them for lumber we don't need them for anything we don't need them for energy we have more energy than they do we don't need them for energy uh so I say why are we doing this why do we why are we willing to lose between a hundred billion and $200 billion do a year we don't need them as a state it's different as a state it's much different and there there
are no tariffs so I'd love to see that but uh some people say that would be a long shot uh if people wanted to play the game right it would be 100% certain that they'd become a state but a lot of people don't like to play the game because they don't have a threshold of pain and there would be some pain but uh not a lot the pain would be really there so we're going to meet again by phone at 3:00 and we'll let you know is Isel coming in tomorrow yes you mentioned in the
past you're concerned about Israel being too small geographically would you support annexation of parts of the West Bank by Israel well I'm not going to talk about that it certainly is a small uh it's a small country in terms of land I take see this pen this wonderful pen my desk is the Middle East and this pen the top of the pen that's Israel that's not good right you know that's a pretty big difference I use that as analogy it's pretty accurate actually it's a it's a pretty small piece of land and it's amazing that
they've been able to do what they've been able to do when you think about it there's a lot of good smart brain power but it is a very small piece of land no question about it Mr President you said ear that Elon Musk is doing everything with is everything that done far going to all the agencies shutting off access getting access to Federal payments that all has your you're okay with all that for the most part yeah if we uh I mean if there was something uh that didn't have my okay I'd let you know
about it really fast you think there are some areas where you wouldn't let him work because he has conflicts of interest if there was a no no I haven't seen that uh and he would know not to do it so we haven't had that yet but if there was a conflict we would let him work in that said to Pama that going to make deal or us is going to take it how long do they have to make that sort of deal and are you still leaving on the table we're going to meet with panic
we're going to meet with Panama on Friday at about 3:30 in the afternoon by phone and maybe there'll be some Representatives at you know here or there but we're going to be talking to Panama on Friday essentially and they've agreed to certain things but I'm not happy with it on the middle list Mr President if I may uh do you still have doubts that the ceas fire will fall on what on the Middle East do you think the ceasefire will I have no assurances that it'll hold I mean I've seen people brutalized I've never nobody's
ever seen anything like it no I have no guarantees that the peace is going to hold Steve you might want to say something about that Steve woodco it's holding so far so um and we're we're certainly hopeful and that's the president's Direction get the hostages out save lives and come to uh hopefully a a peaceful settlement of it all so so far it's holding Mr President on a different topic uh questionnaires have been going out to FBI agents across the country uh who were involved potentially in the investigation do you believe anyone involved at any
level should be fired sir well I think the FBI was a very corrupt institution and I'm a I'm a victim of it in a true sense I was able to beat it but other people have been uh treated horribly I think I think the FBI uh has a great reput had a great reputation I think its reputation was really uh damaged badly as as is doj look at what they've done in terms of weaponization look at what they've done to a political opponent probably got me elected by what they did or I think I was
doing well anyway but they might have got me elected but you know what we have to have pristine beautiful perfect law enforcement and what we want to do and I cash is the one to do it he's the one guy that is going to do it uh we have to bring the reputation of the FBI we have to bring the fact of the FBI back to what it could be not even to what it was even better than it ever was because who would have thought that the FBI could have been corrupted like they were
corrupted who would have thought that would have happened who would have thought they would have been used to go after you know political opponents essentially but me being the number one and so many other things beyond that and they've been hurt very badly and we'll see what happens but cash is the one to do it and I hear he's doing very well cash will straighten it out we have great confidence that we can make the FBI great again okay one or two more and we nomin say it TS G yeah I think tuls is going
to be doing okay I'm not sure I can't guarantee anything but she's uh liked by so many people especially people in the military and law enforcement she has a little bit of trouble with some Senators over her thoughts on Edward Snowden I know Snowden you've mentioned in the past you're thinking about pardoning him are you still and what do you think about that no I don't talk to about it right now I just uh people feel very differently some people think you should be Parton and some people think it would be a terrible thing to
do but I don't get involved in that Mr what are you discussing with Mr Mur Mr uh just respect I have great respect for rert marock I disagree with him a lot of times with the w Journal but it's all right we've disagreed before but and I'm sure they didn't have any idea what they were talking about because already you see what's happening look at look at Colombia look at what happened with that everybody said that with Colombia it was going to be a disaster in one in in one hour everything was settled you know
why tariffs tariffs without tariffs they wouldn't have been the same way they would would not have treated me the way they treated me which was extremely nicely uh and I don't want to use countries I don't want to use names but uh tariffs are very powerful both economically and in getting everything else you want tariffs for us nobody can compete with us because we're the part of gold but if we don't keep winning and keep doing well we won't be the part of gold and then tariffs won't be so good for us but when you're
the pot of gold the tariffs are uh the tariffs are very good they're very powerful and they're going to make our country very rich again thank you very much everybody I don't know you guys how is the market doing I don't think of that thank you