Full Donald Trump Interview With Bloomberg on Economic Plans, Tariffs, Immigration and the Fed

JOHN: THANK YOU, CLAIRE. THANK YOU TO THE ECONOMIC CLUB OF CHICAGO. THANK YOU DAVID, PARTICULARLY. I WANT TO SAY TWO THINGS AT THE BEGINNING. FIRST, FOR THE RECORD, AND FOR THE PEOPLE WATCHING ON TELEVISION, THE ECONOMIC CLUB OF CHICAGO AND BLOOMBERG BOTH INVITED VICE PRESIDENT HARRIS TO A SIMILAR INTERVIEW ABOUT HER ECONOMIC PLANS AND SHE HAS DECLINED SO FAR. AND TO SET PARAMETERS ABOUT THE INTERVIEW WE WILL FOCUS ON BUSINESS AND THE ECONOMY PARTLY BECAUSE THIS IS A BUSINESS AUDIENCE BUT ALSO BECAUSE VOTERS INSIST THE ECONOMY IS THE MAIN ISSUE THAT MATTERS WHEN THEY VOTE.

. ON THAT NOTE, LET ME INVITE TO THE STAGE, PRESIDENT TRUMP. [APPLAUSE] >> I LIKE THAT CROWD. THAT IS A NICE GROUP OF PEOPLE. > GROUND MEMBER: WELCOME TO CHICAGO. >> THANK YOU. >> PRESIDENT TRUMP, THANK YOU FOR DOING THIS. THE BUSINESS PEOPLE OF CHICAGO, LIKE EVERYWHERE ELSE, THEY LIKE A LOT OF THINGS YOU WANT TO DO IN TERMS OF TAX CUTS AND SOME SPENDING PROPOSALS. BUT, LIKE MANY BUSINESS PEOPLE THEY ARE OFTEN WORRIED ABOUT THE COST. THE COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET, A BIPARTISAN OUTFIT PUT OUT PREDICTIONS THE OTHER DAY. IF YOU ADD

UP ALL OF THE PROMISES YOU HAVE MADE YOUR PLANS WOULD ADD $7.5 TRILLION TO THE DEBT, MORE THAN TWICE THE TOTAL FOR VICE PRESIDENT HARRIS. YOU ARE ON COURSE TO PUSH DEBT UP TO 150% OF GDP. THIS IS A VERY BUSINESSLIKE AUDIENCE. WHY SHOULD WE TRUST YOU WITH >> THAT? BECAUSE WE8 ARE ABOUT GROWTH. SHE HAS NO GROWTH WHATSOEVER AND WE ARE ALL ABOUT GROWTH. WE WILL BRING COMPANIES BACK TO OUR COUNTRY. TODAY AS I WAS DRIVING OVER I SAW OLD BEAUTIFUL EMPTY STEEL MILLS AND FACTORIES FALLING DOWN. SOME HAVE BEEN CONVERTED TO SENIOR CITIZENS

HOMES. THAT WON'T DO THE TRICK. WE WILL BRING THE COMPANIES BACK. WE WILL LOWER TAXES FURTHER FOR COMPANIES THAT WILL MAKE THEIR PRODUCT IN THE USA. WE WILL PROTECT THOSE COMPANIES WITH STRONG TARIFFS BECAUSE I AM A BELIEVER IN TARIFFS. I AM NOT SURE YOU ARE. I DON'T THINK YOU ARE. BUT I CONGRATULATE YOU ON YOUR CAREER. TO ME, THE MOST BEAUTIFUL WORD IN THE DICTIONARY IS TARIFF. IT'S MY FAVORITE WORD. IT NEEDS A PUBLIC RELATIONS FIRM. TO HELP IT. BUT TO ME IT IS THE MOST BEAUTIFUL WORD. >> TARIFFS, DO YOU THINK THAT WILL

BRING IN THE REVENUE? THE BIPARTISAN PETERSON INSTITUTE SAYS IT WILL ONLY BRING IN $200 BILLION, BARELY THE COST OF TWO OF YOUR PROMISES. >> FOR WHAT COMPANY ARE YOU TALKING ABOUT, OK? I BROUGHT IN THE TARIFFS. I WAS JUST GETTING STARTED. THEN COVID CAME. WHICH -- I TELL YOU WHAT -- I DID A VERY GOOD JOB IN COVID. NOBODY KNEW WHAT THE HELL IT WAS. I CALL IT THE CHINA VIRUS BECAUSE I LIKE BEING MORE ACCURATE. WHEN THAT CAME WE GOT HUNDREDS OF BILLIONS OF DOLLARS FROM CHINA ALONE. I HAD NOT STARTED YET. TARIFFS ARE

TWO THINGS. YOU LOOK AT IT. NUMBER ONE IT IS FOR PROTECTION OF THE COMPANIES WE HAVE HERE. AND, THE NEW COMPANIES THAT WILL MOVE IN. WE WILL HAVE THOUSANDS OF COMPANIES COMING INTO THE COUNTRY. WE WILL GROW IT LIKE IT HAS NEVER GROWN BEFORE. WE WILL PROTECT TO THEM WHEN THEY COME IN. WE WON'T HAVE SOMEBODY UNDERCUT THEM. I COULD GIVE YOU AN EXAMPLE OF THIS IF YOU LIKE ME TO? >> GIVE ME A QUICK EXAMPLE. >> I JUST FOUND OUT ABOUT IT. I HAVE BEEN TALKING ABOUT THIS FOR THE LAST YEAR. ABOUT DETROIT, HOW

HORRIBLE IT HAS BEEN. IT IS JUST HORRIBLE. WE HAVE BEEN TALKING ABOUT DETROIT COMING BACK FOR 40 YEARS AND IT HAS NEVER COME BACK AND IT IS VERY DEPENDENT ON THE CAR INDUSTRY. THEY HAVE LOST 60% OF THEIR BUSINESS OVER A LONG PERIOD OF TIME. I FOUND OUT, A FRIEND OF MINE BUILDS AUTO PLANTS. THAT IS WHAT HE IS GOOD AT. HE DOES NOT WANT TO BUILD AN APARTMENT. HE BUILDS THE BIGGEST IN THE WORLD. FOR THE LAST YEAR AND A HALF, IF ANYBODY HAS HEARD ME SPEAK, I WAS TALKING ABOUT MEXICO BEING A TREMENDOUS

CHALLENGE FOR US NOW. CHINA IS BUILDING MASSIVE AUTO PLANTS IN MEXICO. THEY WILL BUILD THEM. OR THEY WILL TAKE THOSE CARS AND SELL THEM TO THE U.S.. VERY NEAR THE BORDER. THEY WILL HAVE ALL OF THE ADVANTAGES AND NONE OF THE DISADVANTAGES. THAT WILL BE THE END OF MICHIGAN. IT WILL BE THE END, FRANKLY, OF SOUTH CAROLINA. IT WILL BE THE END OF EVERYTHING. I SAID ABOUT NINE MONTHS AGO, DO YOU KNOW WHAT? I WANT YOU TO DO ME A FAVOR JOHN BRITT I DON'T WANT TO GIVE HIS LAST NAME BECAUSE HE MIGHT NOT LIKE

IT. I SAID, I WANT TO SEE AN AUTO PLANT. I WANT TO SEE WHERE YOU PRESS A BUTTON AND EVERYTHING WORKS. I WANT TO SEE ONE OF THE BIG ONES. I SAID, I WANT TO GO TO MICHIGAN. I WANT TO GO TO SOMEPLACE IN THE UNITED STATES. HE SAID WE CAN'T DO THAT, WE AREN'T BUILDING ANYTHING BIG IN THE UNITED STATES. WE DON'T BUILD THE BIG ONES HERE. I SAID WHERE YOU BUILD THE BIGGEST ONES? HE SAID IN MEXICO. THE GIANT PLANTS. WE ARE BUILDING PLANTS BIGGER THAN ANY IN THE WORLD. IN MEXICO, I SAID.

YOU MEAN, YOU WILL MAKE CARDS CHEAPLY AND SELL THEM INTO THE U.S. AND THEY WON'T PUT MICHIGAN OUT OF BUSINESS? I DON'T KNOW ANYTHING ABOUT THAT. ALL I DO IS BUILD THE PLANS. IF WE GO TO MEXICO I WILL SHOW YOU THE BIGGEST PLANT IN THE WORLD. THAT WAS NINE MONTHS AGO. I SAW HIM. I TALK ABOUT IT ALL THE TIME BECAUSE I THINK IT IS A SERIOUS THREAT TO OUR COUNTRY, NOT ONLY AUTOS, BUT OTHER THINGS. I SAW HIM TWO DAYS AGO AT ANOTHER VERY NICE CLUB. LIKE THIS, EXCEPT, I THINK YOU PEOPLE ARE

PROBABLY EVEN WEALTHIER. [LAUGHTER] THIS WAS IN DETROIT, WHICH WAS APPROPRIATE. I WAS SHOWING HIM ALL SORTS OF CHARTS. IT'S JUST GONE DOWN. IT'S TERRIBLE. I SAW HIM. I SAID, HOW ARE YOU DOING, HOW HAVE YOU BEEN? I SAID, COULD I ASK YOU, HOW ARE THOSE PLANTS YOU MENTIONED, THE GIANT PLANTS IN MEXICO? HOW IS THAT COMING? HAVE YOU FINISHED IT? NO, SIR, THEY ABANDONED THE PROJECT WHEN THEY HEARD YOU WERE RUNNING. THEY ABANDONED THE PROJECT WHEN THEY SAW YOU WERE WINNING AND DOING WELL. [APPLAUSE] I TOLD THEM. I SAID IT PUBLICLY. THEY AREN'T GOING TO

SELL ONE CAR INTO THE UNITED STATES. IF I RUN THIS COUNTRY, IF I AM GOING TO BE PRESIDENT OF THE COUNTRY I WILL PUT A 100%, 200%, TWO THOUSAND PERCENT TARIFF. THEY WON'T SELL ONE CAR INTO THE U.S.. WE WON'T DESTROY OUR COUNTRY. BECAUSE I KNOW YOU ARE AN ANTI-TARIFF GUY BUT I AM THE EXACT OPPOSITE. THERE IS NO OTHER WAY I COULD HAVE STOPPED THAT OTHER THAN, WHAT AM I GOING TO DO COME AND NEGOTIATE WITH MEXICO, WITH CHINA? YOU WON'T GET ANYTHING FROM THEM. I WILL PUT 100, 200, 300, THE HIGHEST TARIFF IN

HISTORY. I WILL STOP THEM FROM EVER SELLING A CAR INTO THE U.S.. I SAW THE GUY BY ACCIDENT. HE SAID, SIR, THEY HAVE ABANDONED IT. BY THE WAY, THEY BUILT FOUNDATIONS. THEY WERE REALLY ROCKING. THEY THOUGHT THEY WOULD DO IT. I THOUGHT I WOULD WIN. I TELL YOU THIS. IF I DON'T WIN, THOSE FACTORIES WILL WIPE OUT THIS COUNTRY. THEY ARE THE BIGGEST FACTORIES EVER BUILT FOR CARS. THEY WILL RUN -- WIPE OUT OUR COUNTRY. IF SHE WINS, AND SHE DOES NOT KNOW WHAT SHE IS DOING, SHE IS DOING, SHE WON'T BE THINKING ABOUT, EVERY

SPEECH I MADE HAVING TO DO WITH CARS. EVERY SPEECH I MADE HAVING TO DO WITH TARIFFS I MENTIONED OUR COUNTRY IS BEING THREATENED BY MEXICO. NOW, ALL OF THOSE THINGS, BEYOND EVEN THE CAR COMPANIES, ALL THOSE THINGS ARE NOW DEAD. THEY ARE DEAD. I ASKED, WILL THEY START? PROBABLY NOT, THEY ARE DEAD AT THE DOOR NOW. >> PRESIDENT TRUMP, YOU HAVE TALKED A LOT ABOUT TARIFFS. LOOK AT THE AMERICAN ECONOMY. 40 MILLION JOBS RELY ON TRADE ACCOUNTING FOR 27% OF GDP. IF YOU CUT THAT OFF THAT WILL AFFECT MANY MANY BUSINESS PEOPLE HERE. TARIFFS HAVE

ANOTHER SIDE. IS THAT SOMETHING YOU HAVE TO ACKNOWLEDGE? >> NO. >> YOU COULD BE PLUNGING AMERICA INTO THE BIGGEST TRADE WAR. >> THERE ARE NO TARIFFS. >> THERE ARE TARIFFS ALREADY. >> ALL YOU HAVE TO DO IS BUILD YOUR PLANT IN THE U.S. AND THERE ARE NO TARIFFS. >> A LOT OF JOBS RELY ON FOREIGNERS COMING HERE. YOU WILL BASICALLY STOP TRADE WITH CHINA. YOU ARE TALKING ABOUT A 60% TARIFFS ON THAT. 100%, 200% ON THINGS YOU DON'T LIKE, 10%, 20% ON THE REST OF THE WORLD. THAT WILL HAVE A SERIOUS EFFECT ON THE OVERALL

ECONOMY. YES, YOU WILL FIND SOME PEOPLE THAT WILL GAIN FROM INDIVIDUAL TARIFFS. THE OVERALL EFFECT COULD BE MASSIVE. >> I AGREE. IT WILL HAVE A MASSIVE EFFECT. IT WILL BE A POSITIVE AFFECT, NOT A NEGATIVE EFFECT. I KNOW HOW COMMITTED YOU ARE TO THIS AND IT MUST BE HARD FOR YOU TO SPEND 25 EUROS -- YEARS FOR YOU TALKING ABOUT TARIFFS AS NEGATIVE AND HAVE SOMEBODY EXPLAIN TO YOU YOU ARE TOTALLY WRONG. [LAUGHTER] THIS COUNTRY HAS NO CHANCE. >> 40 MILLION JOBS IS A LOT. >> THEY ARE ALL COMING BACK. >> THOSE ARE 40 MILLION

JOBS IN AMERICA THAT RELY ON TRADE. >> JOHN DEERE, GREAT COMPANY, ANNOUNCED ABOUT ONE YEAR AGO THEY WILL BUILD BIG PLANTS OUTSIDE THE U.S.. RIGHT? THEY WILL BUILD THEM IN MEXICO. >> YOU THREATENED TARIFFS AND THEY STOPPED. >> THAT'S RIGHT. I SAID IF JOHN DOERR -- JOHN DEERE BUILD THOSE PLANS THEY AREN'T SELLING ANYTHING INTO THE U.S.. THEY ANNOUNCED YESTERDAY THEY WON'T BUILD THE PLANTS. I KEPT THE JOBS HERE. JOHN DEERE WILL STAY HERE. I WILL TELL JOHN DEERE IF YOU BUILD OUTSIDE THE U.S. -- YOU CAN COME IF YOU WANT. FOR INSTANCE INDIA IS

A VERY TOUGH COUNTRY. IT'S NOT ONLY CHINA. YOU KNOW, CHINA IS, I WOULD SAY, PROBABLY THE TOUGHEST. BUT YOU KNOW IT IS VERY TOUGH? THE EUROPEAN UNION. OUR BEAUTIFUL EUROPEAN COUNTRIES, WONDERFUL, WONDERFUL. YOU ADD THEM UP AND THEY ARE ALMOST THE SIZE OF US. THEY TREATED US SO BADLY. WE HAVE A DEFICIT. I SAID TO ANGELA MERKEL WHEN SHE WAS THERE. SHE IS NOT THERE ANYMORE. I WONDER WHY. WHEN SHE WAS THERE I SAID, ANGELA, HOW MANY CHEVROLETS DO WE HAVE IN BERLIN. WHY, DONALD, YOU HAVE NONE. HOW MANY FORWARDS DO WE HAVE IN FRANKFURT?

I DON'T KNOW. NONE. I SAID, THAT'S RIGHT. YOU HOW MANY CARS WE HAVE? MERCEDES-BENZ, BMW, VOLKSWAGEN. MILLIONS AND MILLIONS OF CARS. THEN I SAID PHONE PRODUCTS. THEY DON'T WANT OUR PHONES. THEY DON'T WANT ANYTHING FROM US. WE HAVE DEFICITS THAT ARE CRAZY. WE WON'T HAVE THEM ANYMORE. WE WILL PUT TARIFFS ON THEM. DO YOU KNOW WHAT THEY CAN DO? THE MERCEDES-BENZ WILL START BUILDING IN THE U.S.. THEY HAVE A LITTLE BIT. DO YOU KNOW WHAT THEY REALLY ARE? ASSEMBLY LIKE IN SOUTH CAROLINA. THEY BUILD EVERYTHING IN GERMANY AND ASSEMBLE IT HERE. THEY GET AWAY WITH

MURDER. THEY SAY WE ARE BUILDING CARS. THEY DON'T BUILD CARS. THEY TAKE THEM OUT OF A BOX AND ASSEMBLE THEM. YOU CAN HAVE A CHILD DO IT. >> LET'S COME BACK TO THE EUROPEANS FOR A SECOND. WHAT ABOUT CONSUMERS. >> THEY WILL BE THE BIGGEST BENEFICIARIES. >> CRITICS SAY YOU'RE TARIFFS WILL BE A NATIONAL SALES TAX. >> NO. >> $3 TRILLION OF IMPORTS. YOU WILL ADD TARIFFS TO EVERY ONE OF THEM PUSHING UP COSTS FOR OTHER PEOPLE THAT WANT TO BUY FOREIGN GOODS. >> NO, NOT GOING TO HAPPEN. >> SIMPLE MATHEMATICS. >> IT IS, BUT

NOT THE WAY YOU FIGURE IT. YOU ARE SAYING TO ROAD TRIP -- $3 TRILLION. THE HIGHER THE RIPPLE -- THE HIGHER THE TARIFF THE MORE LIKELY IT IS TO HAVE THEM COME IN. >> THE HIGHER THE TARIFF THE MORE VALUE YOU PUT ON THE GOODS AND THE HIGHER PEOPLE WILL PAY IN SHOPS. >> READY? THE HIGHER THE TARIFF THE MORE LIKELY IT IS THE COMPANY WILL COME INTO THE UNITED STATES AND TO BUILD A FACTORY IN THE UNITED STATES SO IT DOESN'T HAVE TO PAY THE TARIFF. >> AS YOU KNOW, THAT WILL TAKE MANY YEARS.

>> THERE IS ANOTHER THEORY. THAT THE TARIFF, YOU MAKE IT SO HARD, SO HORRIBLE, SO OBNOXIOUS THEY WILL COME RIGHT AWAY. WHEN I DO THE 10%, 10% IS REALLY, FIRST OF ALL, WHEN YOU CONNECT IT, IT IS HUNDREDS OF BILLIONS OF DOLLARS. ALL REDUCING OUR DEFICIT. REALLY, THERE ARE TWO WAYS OF LOOKING AT A TARIFF. YOU CAN DO IT AS A MONEYMAKING INSTRUMENT OR AS SOMETHING TO GET THE COMPANIES. IF YOU WANT THE COMPANIES TO COME IN THE TARIFF HAS TO BE HIGHER THAN 10% BECAUSE 10% ISN'T ENOUGH. THEY WILL DO IT FOR ATTEND. --

FOR 10%. YOU MAKE A 50% TARIFF AND THEY WILL COME IN. THE OTHER THING ABOUT TARIFFS THAT IS GREAT. STILL COMPANIES, THREE OR FOUR YEARS AGO, WHEN I WAS IN OFFICE I SAW A MAN FROM A BIG STEEL COMPANY THAT WAS DEVASTATED. I KNEW HIM FOR A LONG TIME. IT HAS BEEN A TOUGH BUSINESS. IT WAS A GREAT BUSINESS MANY YEARS AGO AND I WOULD NOT LET U.S. STEEL BE SOLD TO THE JAPANESE, BY THE WAY. >> NIPPON STEEL. >> YEAH. I WOULD NOT LET IT BE SOLD. I WOULD STOP IT IF IT HAS NOT

BEEN COMPLETED BY THE TIME I AM PRESIDENT. I THINK THAT SUCH A HORRIBLE TONE. I HAD A LOT TO DO WITH DEAL. WE ARE GOING TO LOSE ALL OF OUR STEEL COMPANIES. CHINA, AS YOU REMEMBER, WAS DUMPING STEEL AT LEVELS NOBODY HAD SEEN BEFORE AND I PUT A 50% TAX ON THAT, TARIFF ON THAT. AND IT WAS BAD. WHAT THEY CALLED DIRTY STEEL, NOT GOOD STEEL. A BAD THING FOR STRUCTURAL COMPONENTS OF BUILDINGS AND THINGS LIKE THAT. THEY WERE DUMPING CRAP INTO OUR COUNTRY. I RAISED IT TO 50% AND THAT IT IS. THEY STOPPED DUMPING

STEEL. I SAVED OUR STEEL. BY HAVING THAT WE STAVED IT. WE SAVED OUR STEEL. WHAT WAS LEFT? WE HAVE LOST SO MUCH. THERE ARE CERTAIN COMPANIES, CERTAIN THINGS YOU HAVE TO HAVE. STEEL YOU HAVE TO HAVE. IF YOU GO TO WAR, THERE IS A POSSIBILITY WHEN YOU GO TO WAR, I KEPT US OUT OF WAR. I WAS THE ONLY PRESIDENT IN 82 YEARS THAT KEPT YOU OUT OF A WAR. I DEFEATED ISIS BUT I INHERITED THAT WAR. I THINK IT IS VERY IMPORTANT. I CALL IT THE WEAVE. YOU HAVE HAD THE WEAVE. AS LONG AS

YOU END UP IN THE RIGHT LOCATION AT THE END. WHILE WE ARE TALKING ABOUT IT WE HAVE NEVER BEEN SO CLOSE TO WORLD WAR III AS WE ARE RIGHT NOW WITH WHAT IS GOING ON IN UKRAINE, RUSSIA, AND THE MIDDLE EAST. I HAD NO WARS IN THE WHOLE WORLD. THINK OF IT. I TALKED TO PLENTY OF COUNTRIES OUT OF WARS. I HAD THE WHOLE WORLD, OTHER THAN ISIS, WHICH I INHERITED, I KNOCKED OUT ISIS IN A MANNER OF WEEKS. IT WAS SUPPOSED TO TAKE FOUR TO FIVE YEARS AND IT WAS A MATTER OF WEEKS. WE

HAVE A GREAT MILITARY. >> PRESIDENT, I WAS ASKING ABOUT TARIFFS. YOU BROUGHT UP TARIFFS AND FOREIGN-POLICY. MANY PEOPLE WOULD SAY THE BIGGEST PROBLEM WITH YOUR TARIFFS IS GEOPOLITICS. YOU IN YOUR FIRST TERM GOT SOME CREDIT FOR EFFECTIVELY SAYING. >> A LOT OF CREDIT. >> FOR EFFECTIVELY SAYING THERE WAS A COLD WAR AGAINST CHINA. LOOK AT THE LAST COLD WAR AGAINST THE SOVIET UNION YOU. AMERICA WON IT PARTIALLY BECAUSE IT RALLIED OUT EYES TO IT. YOU ARE TALKING ABOUT SLAMMING ALLIES WITH 20%, 30% TARIFFS. YOU ARE TRYING TO RALLY THE WEST AND DIVIDING IT INSTEAD. ISN'T

THAT THE REAL PROBLEM WITH TARIFFS BEYOND THE PROBLEMS TO THE ECONOMY? YOU BRING UP INDIVIDUAL EXAMPLES, BUT THE OVERALL EFFECT WILL BE DRAMATIC. FIRST ABOUT FOREIGN POLICY. HOW DOES IT HELP YOU TAKE ON CHINA TURNING ALL OF YOUR ALLIES AGAINST? >> IT HELPS TREMENDOUSLY BECAUSE CHINA THINKS WE ARE A VERY STUPID COUNTRY. THEY CAN'T BELIEVE SOMEBODY FINALLY GOT WISE TO THEM. NOT ONE PRESIDENT, BUSH, OBAMA, BARACK HUSSEIN OBAMA, HAVE YOU HEARD OF HIM? NOT ONE PRESIDENT. THINK OF IT. NOT ONE PRESIDENT CHARGED CHINA ANYTHING. THEY SAID, O, THEY ARE A THIRD WORLD NATION. THEY ARE

DEVELOPED -- A DEVELOPING NATION. WE ARE A DEVELOPING NATION TOO. LOOK AT DETROIT. LOOK AT OUR CITIES. WE HAD TO DEVELOPED MORE THAN THEY DO. WE ARE WAY BEHIND THEM. >> MY QUESTION WAS ABOUT YOUR ALLIES NOT ABOUT CHINA. YOU ARE GOING TO ANNOY THE PEOPLE YOU NEED TO RALLY BEHIND YOU. >> OUR ALLIES HAVE TAKEN ADVANTAGE OF US MORE SO THAN OUR ENEMIES. OUR ALLIES ARE THE EUROPEAN UNION. WE HAVE A TRADE DEFICIT OF 300 BILLION DOLLARS WITH THE EUROPEAN UNION. OUR ALLIES ARE JAPAN. SHINZO ABE WAS A GREAT FRIEND OF MINE. I SAID

TO HIM IN JAPAN BUT HE WAS ASSASSINATED. HE WAS A GREAT MAN. HE REALLY WAS. I DID NOT SEE TOO MANY LIKE HIM. HE GOT VERY SICK AND HAD TO TAKE OFF. HE WAS ACTUALLY MAKING A COMEBACK. HE WAS GOING TO MAKE A COMEBACK AND WOULD HAVE WON EASILY. HE WAS A GREAT GENTLEMAN, A HANDSOME, WONDERFUL MAN RESPECTED BY EVERYBODY. I WENT TO HIM. I SAID, SHINZO, WE HAVE TO TALK. ABOUT TRADE. HE GOES, I WILL NEVER FORGET THIS, I KNOW,. I SAID, WHAT DO YOU KNOW? HE SAID, I KNEW YOU WOULD COME TO ME.

WHY DO SAY THAT? BECAUSE -- AND I WOULD NOT TELL THE STORY IF HE WAS ALIVE, ACTUALLY -- HE SAID, I CANNOT BELIEVE HOW MANY YEARS IT HAS BEEN THAT NOBODY EVEN NEGOTIATED WITH US IN AMERICA. I SAID, SHINZO, YOU HAVE TO PAY FOR YOUR CARS. YOU ARE SENDING MILLIONS OF CARS. YOU DON'T HAVE ONE CAR YOU ACCEPT FROM US BUT WE ARE SEVEN 3 MILLION, FOUR MILLION OF YOUR CARS. SHINZO, ON AGRICULTURE YOU WANT TO ACCEPT OUR AGRICULTURE. I RENEGOTIATED A WHOLE TRADED DEAL FROM A LITTLE BIT OF A DISADVANTAGE BECAUSE I WAS STUCK

WITH A BAD DEAL. WE HAVE TRADED DEALS THAT WERE SO BAD. I SAID, WHO ARE THE PEOPLE DOING IT? THEY ARE EITHER VERY STUPID OR GETTING PAID OFF. IT'S ONE OF THE OTHER. A VERY SIMPLE. WE HAVE THE WORST TRADED DEALS ALL OVER THE WORLD. SOUTH KOREA. I LOVE SOUTH KOREA. THEY ARE WONDERFUL PEOPLE. EXTREMELY AMBITIOUS. THEY HAVE A MONEY MACHINE. WE PROTECT THEM FROM NORTH KOREA AND OTHER PEOPLE. NORTH KOREA IS VERY NUCLEAR. I GET ALONG WITH THEM VERY WELL. BUT WAIT. THEY DON'T PAY US ANYTHING. I SAID THIS IS CRAZY. IF I DID

NOT PUT TARIFFS ON THE MOTOR COMPANIES, THE CAR COMPANIES, THEY MAKE MOST OF THEIR MONEY WITH SMALL TRUCKS. I PUT TARIFFS ON CHINA. 27 POINT 5%. OTHERWISE WE WOULD BE FLOODED WITH CHINESE CARS. ALL OF OUR FACTORIES WOULD CLOSE AND WE WOULD HAVE NO JOBS AT ALL IN THE AUTO INDUSTRY. THAT GOES FOR ELECTRIC, BY THE WAY, WHICH IS A KILLER AND I DON'T THINK I HAVE TO BORE ANYBODY BY TALKING ABOUT THAT. I PUT TARIFFS ON SOUTH KOREA BECAUSE THEY WERE SENDING IN TRUCKS AND I PUT TARIFFS ON FAIRLY SUBSTANTIAL TARIFFS ON THEM. OUR

CAR COMPANIES MAKE ALMOST ALL OF THEIR MONEY WITH SUVS AND SMALL TRUCKS. IF I TOOK THOSE TARIFFS, YOU WOULD BE INUNDATED, EVERY CAR COMPANY WOULD BE OUT OF BUSINESS. I GOT CALLS FROM FORD. I GOT CALLS FROM EVERYBODY SAYING, SIR, I CAN'T BELIEVE YOU'RE DOING THIS FOR US. YOU SAVED OUR COMPANY. THEY MAKE ALL THEIR MONEY. THEY MAKE MOST OF THEIR MONEY WITH THE SMALL TRUCK AND SUV. >> MANY CONSUMERS ENDED UP WITH MORE EXPENSIVE CARS. ON FOREIGN POLICY. YOU HAVE SAID TAIWAN SHOULD PAY FOR U.S. PROTECTION. >> YEAH. >> THIS MORNING YOU MENTIONED NORTH

KOREA. THE CHINESE ARMY AS WE SPEAK IS ENGAGED IN REHEARSALS FOR A FULL NAVAL BLOCKADE OF TAIWAN. IF CHINA INVADES TAIWAN WOULD YOU SEND AMERICAN TROOPS TO DEFEND IT? >> THE REASON THEY ARE DOING AND NOW IS THAT THEY WANT TO DO IT AFTERWARDS. LOOK -- [APPLAUSE] I HAD A VERY GOOD RELATIONSHIP WITH PRESIDENT XI, A VERY GOOD RELATIONSHIP WITH PUTIN AND A VERY GOOD RELATIONSHIP WITH KIM JONG-UN WHO HAS A NUCLEAR FORCE YOU WOULD NOT BELIEVE. TODAY IT WAS ANNOUNCED TO YOU JUST BLEW UP THE RAILROAD GOING INTO SOUTH KOREA. NOW SOUTH KOREA IS

CUT OFF FROM RUSSIA AND CHINA AND VARIOUS OTHER PLACES. THESE ARE THINGS I HAVE TO MENTION. >> YOU MENTIONED PUTIN. THERE HAS BEEN CONTROVERSY THE PAST WEEK. CAN YOU SAY YES OR NO WHETHER YOU HAVE TALKED TO VLADIMIR PUTIN SINCE YOU STOPPED BEING PRESIDENT? >> I DON'T WANT TO COMMENT ON THAT BUT IF I DID IT'S A SMART THING. IF I AM FRIENDLY WITH PEOPLE, IF I HAVE A RELATIONSHIP WITH PEOPLE, THAT'S GOOD, NOT BAD, IN TERMS OF OUR COUNTRY. HE HAS 2000 NUCLEAR WEAPONS AND SO DO WE. CHINA HAS A LOT LESS BUT WILL

CATCH US WITHIN FIVE YEARS. >> IT SOUNDS LIKE YOU DID TALK TO HIM. >> NO. >> YOU TALK ABOUT TALKING TO NETANYAHU AND THESE PEOPLE. >> RUSSIA HAS NEVER HAD A PRESIDENT THEY RESPECT SO MUCH. MORE IMPORTANTLY, LESS IMPORTANTLY, I GUESS, I WENT INTO RUSSIA AND PEOPLE SAID, HE LIKES PUTIN AND PUTIN LIKE SAM. LET ME TELL YOU. THE FIRST THING I DID WAS TERMINATED NORD STREAM 2. NOBODY HAD HEARD OF NORD STREAM 2, A PIPELINE FROM RUSSIA TO GERMANY AND ALL OVER EUROPE. I SAID WAIT A MINUTE. TO NATO I SAID, LET'S GET THIS

STRAIGHT. MY FIRST MINUTE -- MEETING I SAID IN IS BUILDING THE BIGGEST PIPELINE IN THE WORLD IN HE'S GOING TO GERMANY BUT ALL OVER EUROPE. -- THE BIGGEST PIPELINE IN THE WORLD TO GERMANY, TO ALL OVER EUROPE. GERMANY IS PAYING BILLIONS OF DOLLARS A MONTH THAT WE ARE SUPPOSED TO PROTECT YOU FROM THE GUY YOU ARE PAYING ALL OF THIS MONEY TOO. I SAID IS THERE SOMETHING WRONG WITH MY THINKING? SO, HE IS BUILDING A PIPELINE TO GERMANY. WE ARE SPENDING. WE HAD ALL OF THESE DELINQUENT . IF THEY WEREN'T PAYING. I GOT THERE. WHEN

A TRUMP CAME IN HE MADE A SPEECH HE SAID LET ME SEE YOUR BOOKS. I FOUND OUT IN THE BOOKS NOBODY WAS PAYING. THERE WERE ONLY SEVEN COUNTRIES PAYING. WE WERE SUPPORTING NATO. THEY SCREW US ON TRADE SO BAD TO EUROPEAN NATIONS. AND ON TOP OF THAT THEY WERE SCREWING US ON THE MILITARY. THEY ARE TAKING TREMENDOUS ADVANTAGE OF US. $350 BILLION ON TRADE. THEN WE ARE THEN SUPPORTING THEM. IT'S NOT SUSTAINABLE. YOU CAN'T KEEP DOING THIS. CHINA, ALL THESE COUNTRIES. AT THE STUPID PEOPLE MAKE THE DEALS. I SAW TRADE DEALS THAT WERE SO STUPID.

SO BAD YOU WOULD HAVE TO BE AN IDIOT TO SIGN THEM. WE SIGNED THEM FOR YEARS. I CAN TELL YOU TRADE DEALS I HAVE NEVER SEEN ANYTHING LIKE. I SAID, WHO WOULD AGREE TO THIS? THEY HAD TO BE CORRUPT. THEY HAD TO BE CORRUPT. TO MAKE THE DEALS THEY HAD TO BE CORRUPT. THERE IS NO WAY A RATIONAL HUMAN BEING. EITHER CORRUPT OR EXTREMELY STUPID. THERE IS NO WAY A RATIONAL HUMAN BEING WHATEVER SIGN OF THE TRADED DEALS OF THIS COUNTRY SIGNED. I GOT OUT OF MANY OF THOSE DEALS. I TOLD SOUTH KOREA I AM

SORRY. YOU HAVE TO PAY FOR YOUR MILITARY. WE HAVE 40,000 TROOPS OVER THERE. YOU HAVE TO PAY. JUST TO FINISH. YOU BECOME A VERY WEALTHY COUNTRY. THEY SAID NO, WE WON'T PAY. WE HAVEN'T PAID SINCE THE KOREAN WAR. I SAID, YOU HAVE TO PAY. I SAID, WOULD $5 BILLION PER YEAR TO START OFF WITH? NO. THEY WENT CRAZY. THEY AGREED TO $2 BILLION. I GOT TO BILLION DOLLARS FOR NOTHING. I SAID HERE IS WHAT WE WILL DO. THEY SAID WE CAN'T AGREE TO THIS BECAUSE WE HAVE TO GO THROUGH PART OF IT. THEY HAVE THE

PARLIAMENT, WHATEVER THEIR LEGISLATURE IS. I SAID, OK, I FULLY UNDERSTAND. NEXT YEAR I WILL TALK TO YOU AGAIN. I WAS GOING TO MAKE IT $5 BILLION. THEY KNEW IT WAS COMING. THE HAPPIEST PEOPLE TO SEE IT WAS BIDEN INSTEAD OF TRUMP WAS SOUTH KOREA. YOU KNOW WHAT THEY DID? THEY CUT OFF THE DEAL I MADE WHERE THEY WERE PAYING US BACK TO NOTHING BECAUSE IT WENT BACK TO BIDEN AND IF THEY GAVE IT TO THEM FOR NOTHING. WE HAVE 40,000 TROOPS IN HARM'S WAY, VERY SERIOUS. NORTH KOREA IS A SERIOUS POWER WITH TREMENDOUS NUCLEAR POWER.

I SAID TO SOUTH KOREA YOU HAVE TO PAY. THEY AGREED TO DO IT. THEN BY THEN CUT IT BACK. THAT'S A SHAME. IF I WERE THERE NOW THEY WOULD BE PAYING US 0 BILLION PER YEAR. THEY WOULD BE HAPPY TO. IT IS A MONEY MACHINE, SOUTH KOREA. HE WANTED TO MENTION TAIWAN. >> YOU SAID YOU WOULD DEFEND THEM. AND YOU SEEM TO IMPLY THAT PUTIN COME YOU HAD TALKED TO. WITHOUT ACTUALLY CONFIRMING IT. >> I DON'T COMMENT ON THOSE THINGS. >> LET ME ASK YOU A PARTICULAR THING ABOUT THE DOLLAR. YOU TALKED ABOUT WARS. AT

THE NEW YORK ECONOMIC TOEBBE IS THAT IF YOU LOST AS DAUGHTER AS A RESERVE CURRENCY IT WOULD BE LIKE AMERICA LOSING A WAR. LOOK AT PROTECTIONISM DRIVING COUNTRIES TO USE OTHER CURRENCIES. ALL OF THAT DEBT WILL LESSEN THE DOLLAR STATUS AS THE WORLD'S RESERVE CURRENCY. >> THE DOLLAR IS SO SECURE. THE RESERVE CURRENCY IS THE STRONGEST IT WILL EVER BE. >> AT THE MOMENT THERE IS A THING CALLED THE TRUMP TRADE IN THE MARKETS. DO YOU KNOW WHAT IT IS? PEOPLE ARE BETTING THAT YOUR POLICIES WILL DRIVE UP DEBT. THEY WILL DRIVE UP INFLATION. THEY

WILL DRIVE UP INTEREST RATES. OUR INVESTORS WRONG? >> YEAH. I HAD FOUR YEARS NO INFLATION. [APPLAUSE] IT'S BETTER THAN THAT. AND BY THEN, WHO HAS NO IDEA WHERE HE IS, OK? BIDEN WENT TWO YEARS WITH NO INFLATION BECAUSE HE INHERITED FROM ME. THEN THEY STARTED SPENDING MONEY LIKE DRUNKEN SAILORS. IT WAS RIDICULOUS THE MONEY THEY WERE SPENDING. ON THE GREEN NEW SCAM. THE GREEN NEW DEAL. IT WAS CONCEIVED OF BY AOC PLUS THREE. SHE NEVER EVEN STUDIED THE ENVIRONMENT IN COLLEGE. SHE WENT TO A NICE COLLEGE. SHE CAME OUT. THE GREEN NEW SCAM. SHE NAMED

ALL THESE THINGS. >> PRESIDENT TRUMP, THE MARKETS ARE LOOKING AT THE FACT YOU ARE MAKING ALL THE PROMISES. THE LATEST WAS CAR LOANS. YOU ARE FLOODING THE THING WITH GIVEAWAYS. I WAS QUITE KIND TO YOU. I USED $7 TRILLION. THE UPPER ESTIMATE IS 5 TRILLION. PEOPLE LIKE THE WALL STREET JOURNAL, HARDLY A COMMUNIST ORGANIZATION, HAVE CRITICIZED YOU ON THIS AS WELL BIG RUNNING UP ENORMOUS DEBT. >> I AM MEETING WITH THEM TOMORROW. THE WALL STREET JOURNAL HAS BEEN WRONG ABOUT EVERYTHING. SO HAVE YOU, BY THE WAY. [APPLAUSE] YOU ARE WRONG. >> YOU ARE TRYING TO

TURN THIS INTO A DEBATE. >> IS NOT A DEBATE. YOU ARE WRONG. YOU HAVE BEEN WRONG ALL YOUR LIFE ON THIS STUFF. LET ME TELL YOU ABOUT CURRENCY. YOU ARE JUMPING TO A LOT OF DIFFERENT SUBJECTS. LET ME TELL YOU ABOUT CURRENCY. THE RESERVE CURRENCY IS WHERE YOU STARTED, RIGHT? THE RESERVE CURRENCY IS UNDER THREAT. BECAUSE YOU HAVE IRAN, RUSSIA, CHINA. CHINA IS THE ONE YOU HAVE TO WORRY ABOUT BECAUSE THEY WANTED. THEY WANT TO HAVE THE YUAN BE THE THING OF POWER. I KNOW COMPANIES WANT TO BECAUSE THEY DON'T RESPECT OUR LEADERSHIP. THEY LOOK

AT THE SKY AND SAYS YOU HAVE TO BE KIDDING. SHE IS WORSE THAN HIM. SHE IS NOT AS SMART AS BIDEN, IF YOU CAN BELIEVE IT. WE HAD FOUR YEARS OF LUNACY. WE CAN'T HAVE ANYMORE. WE WON'T HAVE A COUNTRY LEFT. OK, CURRENCY, VERY IMPORTANT. IF YOU WANT TO GO TO THIRD WORLD STATUS, LOSE YOUR RESERVE CURRENCY, WE HAVE TO HAVE. WE CAN'T LOSE IT. YOU WILL GO TO THIRD WORLD STATUS IN THIS COUNTRY. LOOK AT THE WAY THINGS ARE RUNNING. IF A COUNTRY TELLS ME, SIR, WE LIKE YOU VERY MUCH, BUT WE WILL NO

LONGER ADHERE TO BEING IN THE RESERVE CURRENCY. WE WANT TO SALUTE THE DOLLAR ANYMORE. I WILL SAY THAT'S OK. YOU WILL PAY A 100% TARIFF ON EVERYTHING YOU SELL INTO THE U.S.. WE LOVE YOUR PRODUCT. I HOPE YOU SELL A LOT OF IT INTO THE U.S. BUT YOU WILL PAY 100% TARIFF. HE WILL THEN FOLLOW IT UP BY SAYING, SIR, IT WOULD BE AN HONOR TO STAY WITH YOUR RESERVE CURRENCY. THAT'S NOT EVEN CHESS. THAT'S CHECKERS. LISTEN TO THIS. YOU DON'T HAVE OTHER PEOPLE THAT CAN TALK THAT WAY. A LOT OF PEOPLE SAY WE LOVE

DONALD TRUMP'S POLICY, BUT WE WOULD LIKE TO HAVE ANOTHER MESSAGE OR BECAUSE HE'S A LITTLE CRASS. ACTUALLY IT WAS LINDSEY GRAHAM. HE WAS A PROGRESSIVE, IN ALL FAIRNESS. LINDSEY GRAHAM SAID TRUMP'S POLICY DOES NOT WORK WITHOUT TRUMP. THERE'S A LOT OF TRUTH TO THAT. EMMANUEL MACRON, NICE GUY, EMMANUELLE, A WISE GUY FROM FRANCE AND WE ARE FOR THE USA. HE WAS GOING TO TAX AMERICAN COMPANIES DOING BUSINESS IN FRANCE. A VERY SUBSTANTIAL TAX. I TOLD MY PEOPLE, I DID NOT EVEN LIKE THE COMPANIES. I AM REPRESENTING AMERICAN COMPANIES. I SAID, CALL MCCRONE -- EMMANUEL MACRON.

CALL HIS PEOPLE. WE WON'T STAND FOR THAT. I GOT MNUCHIN, A LOT OF SMART GUYS. I CAN FINISH. >> ABOUT THE FEDERAL RESERVE. >> YOU WILL BE ABLE TO FINISH YOUR THOUGHT. IT'S VERY IMPORTANT. IT'S BIG STUFF WE ARE TALKING ABOUT. LET ME TELL YOU. I AM JUST TELLING YOU. IT IS CALLED THE WEEDS. IT'S DIFFERENT THINGS HAPPENING. I SAID TO MNUCHIN, CALL HIM UP AND SAY, NO WAY. HE DID AND CAME BACK TO SEE ME. HE SAID, SIR, IT'S TOO LATE. I SAID, LET ME DO IT. I CALLED HIM. I SAID, EMMANUEL YOU ARE

TAXING AMERICAN COMPANIES VERY SUBSTANTIALLY. YOU ARE DOING IT WITH OTHER COUNTRIES. YOU MUST THINK WE ARE STUPID. IT'S NOT GOING TO HAPPEN BREADED DONALD, I CAN'T DO ANYTHING. IT'S TOO LATE. IT WAS A TWO BY THE LEGISLATOR. IS IT OK. HERE'S THE STORY. EVERY BOTTLE OF WINE AND CHAMPAGNE YOU SENT INTO THE U.S. EFFECTIVE IMMEDIATELY, AND I'M SIGNING IT AS I SPEAK, I AM CHARGING YOU 100% ON EVERY BOTTLE OF WINE AND CHAMPAGNE. THEY LIKE THEIR WINE AND CHAMPAGNE, RIGHT? EVERY BOTTLE OF WINE AND CHAMPAGNE THAT COMES INTO THE U.S. OF AMERICA HAS A TAX

ON IT STARTING MONDAY MORNING. THIS WAS A FRIDAY. OF 100%. THAT IS BETTER THAN WHAT YOU'RE DOING, OK? HE SAID OK, YOU CAN'T DO THAT. I SAID I HAVE DONE IT. IT'S ALREADY SIGNED. MONDAY MORNING HE GOES, MAY I CALL YOU BACK? HE CALLS ME BACK. IN ABOUT THREE MINUTES WE HAVE DECIDED TO REMOVE THE TAX. I DID THIS ALL DAY LONG. DO YOU THINK BIDEN DOES? I DON'T THINK SO. >> LET ME ASK YOU A VERY FACTUAL QUESTION. THE FEDERAL RESERVE. YOU SAY YOU DON'T WANT INTEREST RATES TO GO HIGHER. YOU HAVE GONE BACKWARDS

AND FORWARDS ABOUT WHETHER YOU WANT TO KEEP JEROME POWELL ON THE CHAIR AT THE FEDERAL RESERVE. HIS TERM AS CHAIR RUNS UNTIL MAY 26. WOULD YOU SEEK TO REMOVE OR DEMOTE HIM? >> I THINK IT IS THE GREATEST JOB IN GOVERNMENT. YOU SHOW UP TO THE OFFICE ONCE A MONTH AND SAY, LET'S SEE. FLIP A COIN. EVERYBODY TALKS ABOUT YOU LIKE YOU ARE A GOD. O, WHAT WILL HE DO. I USED TO WALK INTO MY OFFICE AND HE WAS BEGGING. >> YOU TALKED ABOUT REMOVING YOUR WANTS. >> I DID. HE WAS KEEPING RATES TOO HIGH.

>> AND YOU WOULD DO THAT AGAIN? >> HE ACTUALLY DROPPED THEM TOO MUCH WHAT I DID THIS. I WAS THREATENING TO TERMINATE HIM. THERE WAS A QUESTION AS TO WHETHER OR NOT YOU COULD. THERE WAS AN ARTICLE IN THE NEW YORK TIMES. IT WAS TWO AND A HALF PAGES. ONE PAGE SAID I COULD DO IT. ONE PAGES THAT I CANNOT. IT WAS ENOUGH FOR HIM. HE DROPPED OUT OF THE RACE. HE DROPPED TOO MUCH. HERE IS THE STORY. I THINK IF YOU ARE A VERY GOOD PRESIDENT WITH GOOD SENSE, YOU SHOULD BE ABLE TO AT

LEAST TALK. I DON'T SAY MAKE THE DECISION AT ALL. I HAVE BEEN A VERY SUCCESSFUL BUSINESSMAN. I HAVE DONE A MUCH BETTER. PEOPLE ARE UNDERSTANDING HOW GOOD I HAVE DONE BECAUSE THEY ARE SEEING IT. MUCH BETTER THAN THE FAKE NEWS WANTS TO GIVE ME CREDIT FOR. I THINK I HAVE THE RIGHT TO SAY, AS A VERY GOOD BUSINESSMAN, SOMEBODY THAT HAS USED A LOT OF SENSE, I THINK I HAVE THE RIGHT TO SAY THAT I THINK I AM BETTER THAN HE WOULD BE. I THINK I AM BETTER THAN MOST PEOPLE WOULD BE IN THAT POSITION.

I THINK I HAVE THE RIGHT TO SAY I THINK YOU SHOULD GO UP OR DOWN A LITTLE BIT. I DON'T THINK I SHOULD BE ALLOWED TO ORDER IT. BUT I THINK I HAVE THE RIGHT TO PUT IN COMMENTS AS TO WHETHER OR NOT INTEREST RATES SHOULD GO UP OR DOWN. >> WHEN YOU LOOKED AT THE SUPREME COURT YOU CAME UP WITH A LIST OF PEOPLE YOU THOUGHT OF BRINGING IN A SUPREME COURT JUSTICES. WOULD YOU DO THAT WITH THE FEDERAL RESERVE? >> WELL, I NO LONGER NEEDED. IT WAS GREAT. PEOPLE SAID I GOT ELECTED BECAUSE

OF THAT. I WAS AN UNKNOWN QUANTITY. I WAS VERY KNOWN AS A BUSINESS CARD BUT NOT AS A POLITICAL PERSON OR THE LEADER OF A COUNTRY. PEOPLE WERE WORRIED, AM I GOING TO BE LIBERAL? IF YOU WANT TO KNOW THE TRUTH. SOMEBODY SAID, WOULD YOU COME UP WITH A LIST OF 20 OR 25 JUSTICES , IN THIS CASE, MOSTLY JUDGES. YOU WOULD PUT IN IN CASE IT WERE NECESSARY? IT'S AMAZING. I GOT 304 YEARS. MOST PEOPLE GET NONE. IF YOU PUT THEM IN AND THEY ARE YOUNG. YOU TEND TO PUT THEM IN YOUNG. ONLY STUPID

PEOPLE PUT OLD. DON'T PUT OLD IN. THEN THEY ARE THERE TWO YEARS OR THREE YEARS. >> YOU ARE A 78-YEAR-OLD MAN RUNNING FOR PRESIDENT. >> A LOT OF PRESIDENTS GET NONE. I GOT THREE. I THINK THEY HAVE BEEN THREE GREAT CHOICES TOO BY THE WAY. AND I THINK THEY HAVE BEEN REALLY GREAT CHOICES. BUT I GOT THREE JUDGES. DO YOU KNOW WHAT THEY WANT TO DO? NOW THEY WANT TO PUT UP UP TO 25 JUSTICES INTO THE SUPREME COURT, THE RADICAL LEFT. THAT CAN HAPPEN. I THINK WE HAVE DONE A GREAT JOB PUTTING IN JUSTICES.

300 JUDGES. THAT MADE A TREMENDOUS DIFFERENCE IN THE COUNTRY. I WAS A LITTLE LUCKY BECAUSE BARACK HUSSEIN OBAMA DID NOT GET TO JUSTICE -- DID NOT GET HIS JUDGES APPROVED A LOT OF THEM SO I ENDED UP WITH 125 JUDGES BEFORE I GOT THERE. MOST PRESIDENTS DON'T EVEN GET TO PUT A SUPREME COURT JUDGE IN BECAUSE THERE ARE NINE AND MOST OF THEM ARE THERE FOR A LONG TIME. I GOT THREE. THAT'S AN UNUSUAL SITUATION. I GOT THREE IN FOUR YEARS. >> MAYBE WE CAN CHANGE THE SUBJECT TO TECHNOLOGY. THE U.S. JUSTICE DEPARTMENT IS THINKING

ABOUT BREAKING UP ALPHABET, AS GOOGLE LIKES TO BE KNOWN NOW. SHOULD GOOGLE BE BROKEN UP? >> I JUST HAVE NOT GOTTEN OVER SOMETHING THE JUSTICE DEPARTMENT DID YESTERDAY. WHERE VIRGINIA CLEANED UP ITS VOTER ROLLS AND GOT RID OF THOUSANDS AND THOUSANDS OF BAD VOTES AND THE JUSTICE DEPARTMENT SUED THEM THAT THEY SHOULD BE ALLOWED TO PUT THE BAD VOTES IN AND LEGAL BOATS -- VOTES BACK IN AND LET THE PEOPLE VOTE. I HAVEN'T GOTTEN OVER THAT. A LOT OF PEOPLE HAVE SAID THEY CAN'T BELIEVE IT. >> THE QUESTION IS ABOUT TO GOOGLE, PRESIDENT TRUMP. >>

GOOGLE HAS A LOT OF POWER. THEY ARE BAD TO ME, VERY BAD TO ME. I CAN SPEAK TO THAT STANDPOINT. AS I HAVE 20 GOOD STORIES AND 20 BAD STORIES, EVERYBODY IS ENTITLED TO THAT. YOU WILL ONLY SEE THE 20 BAD STORIES. I CALLED THE HEAD OF GOOGLE THE OTHER DAY. I SAID, I AM GETTING A LOT OF GOOD STORIES LATELY. BUT YOU DON'T FIND THEM IN GOOGLE. I THINK IT IS RIGGED. I THINK GOOGLE IS RIGGED LIKE OUR GOVERNMENT IS RIGGED. >> HE WOULD BREAK THEM UP? >> I WOULD DO SOMETHING. I GIVE THEM

A LOT OF CREDIT. THEY HAVE BECOME SUCH A POWER, SUCH A POWER. YOU HAVE TO GIVE THEM CREDIT FOR THAT. HOW THEY BECAME A POWER IS REALLY THE DISCUSSION. AT THE SAME TIME, IT'S A VERY DANGEROUS THING. WE WANT TO HAVE GREAT COMPANIES. WE DON'T WANT CHINA TO HAVE THOSE COMPANIES. RIGHT NOW CHINA IS AFRAID OF GOOGLE. CHINA IS A VERY POWERFUL, VERY SMART GROUP OF PEOPLE. I CAN TELL YOU THAT FROM A VERY PERSONAL EXPERIENCE. >> AN EXAMPLE IS A CHINESE TECH COMPANY, TIKTOK. IF YOU WANTED TO BAN TIKTOK. NOW YOU LIKE IT APPARENTLY

FOR SOME REASON TO DO WITH FACEBOOK. IF YOU BECAME PARENT IT'S A CHINESE PARENT WOULD HAVE TO SELL IT I THINK BY JANUARY 19. WOULD YOU FORCE THEM TO? >> I ORIGINALLY HAD IT ALL DONE AND THEN I SAID TO CONGRESS, YOUR DECISION. I WANT -- WON'T PULL ANY STRINGS. YOUR DECISION. BUT I HAD IT ALL DONE. I SENT YOU MAKE IT. THEY DECIDED NOT TO MAKE IT. I DID NOT CARE IF THEY DID OR NOT BECAUSE TO ME IT WAS THE FLIP OF A COIN. YOU HAVE A LOT OF PROBLEMS. >> YOU TALKED ABOUT

CHINESE TECHNOLOGY AND THE NEED TO DEFEND AGAINST IT. TIKTOK AND THE THREAT PEOPLE SAY TO MANY AMERICAN CHILDREN'S AND THINGS LIKE THAT. WHY DO YOU NO LONGER SEE TIKTOK AS A SECURITY THREAT. >> I THINK IT IS A THREAT. I THINK EVERYTHING IS A THREAT. SOMETIMES YOU HAVE TO FIGHT THROUGH THE THREATS. I AM NOT A FAN OF GOOGLE. THEY TREAT ME BADLY. ARE YOU GOING TO DESTROY THE COMPANY BY DOING THAT. YOU CAN MAKE SURE IT IS MORE FAIR. THEY TREAT ME BADLY. HE TOLD ME, NO WAY YOU ARE THE NUMBER ONE PERSON ON

ALL OF GOOGLE FOR STORIES. IT PROBABLY MAKES SENSE. MOST OF THEM ARE BAD STORIES. THESE ARE MINOR DETAILS. IT IS BAD BECAUSE OF FAKE NEWS. THE NEWS IS REALLY FAKE. THAT IS WHAT WE REALLY HAVE TO STRAIGHTEN OUT, OUR PRESS. WE HAVE A CORRUPT PRESS. >> CAN I ASK YOU ABOUT SILICON VALLEY? I WAS IN SILICON VALLEY RECENTLY. YOU TALK TO TECHNOLOGY BOSSES, TECHNOLOGY PEOPLE. THERE SEEMS TO BE A FEAR THAT WHAT YOU WOULD DO WITH TECH IS HANDED OVER TO ELON MUSK AND SAY YOU SORT IT OUT. >> NO. I HAVE GREAT RESPECT FOR

ELON. I SAW THE ROCKET SHIP TAKE OFF YESTERDAY AND GO RIGHT BACK TO WHERE IT TOOK OFF. I SAID WHAT? I WAS ON A PHONE TALKING PROBABLY ABOUT POLITICS. AND IN THE TELEVISION IS ON. AND I AM SEEING A BIG THING WHERE THE WHITE PAINT WAS BURNED OFF, THE HEAT. I'VE SEE THIS BIG MASSIVE TUBE THAT IS 10 OR 20 STORIES TALL. I TOLD THE PERSON ON THE PHONE, I AM SEEING SOMETHING I DON'T BELIEVE AND NEITHER DOES ANYBODY ELSE HERE. I FORGOT THAT I WAS ON THE PHONE. HE POINTED A HALF HOUR. I WATCHED

IT COME DOWN. I WATCHED IT COME RIGHT IN BETWEEN THE BIG LEVERS. IT LOOKS LIKE IT WAS GOING TO CRASH. IT WAS COMING IN HOT. YOU CAN SEE THE FIRE KICKING. I CALLED ELON AND SAID IT IS THE MOST INCREDIBLE THING. I SAID CAN RUSSIA DO THAT? NO. CAN THE U.S. DO IT? NO. >> AND YOU WANT TO PUT HIM IN CHARGE OF CUTTING -- DAY REGULATION. >> CUTTING WASTEFUL SPENDING. >> INCLUDING THE REGULATION. EVERY PRESIDENT TALKS ABOUT CUTTING WASTEFUL SPENDING. GIVE ME AN EXAMPLE OF SOMETHING YOU WILL DO TO GET RID OF GOVERNMENT SPENDING.

>> LET ME GIVE AN EXAMPLE. WHEN I CAME INTO GOVERNMENT. >> AN EXAMPLE GOING FORWARD. >> WHEN I FIRST SAT DOWN A GENERAL CAME INTO MY OFFICE. HE SAID, SIR, NICE TO MEET YOU. WILL YOU PLEASE SIGN THIS? IT IS A CONTRACT FOR A NEW AIR FORCE ONE, IT PLANES, NOT ONE. I SAID HOW MUCH IS IT? $5.7 BILLION. AN EXPENSIVE PLANE. THERE ARE REASONS FOR THAT. I'M NOT SIGNING IT. WHO NEGOTIATED IT? BARACK HUSSEIN OBAMA. I'M NOT SIGNING IT. WHY? BECAUSE THERE IS A LOT OF FAT. IT HAS TO HAVE A THREE ON IT.

LONG STORY SHORT, SOME OF YOU HAVE HEARD THIS, THE FIRST WEEK THEY CUT OFF $400 MILLION. I MET WITH THE HEAD OF BOEING. DENNIS. I SAID, DENNIS, YOU HAVE TO HAVE A THREE. $5.7 BILLION. HE SAID THE MOST I WILL TAKE OFF IS $400 MILLION. THAT'S NOT BAD FOR ONE CONVERSATION. I SAID NO. THEN HE TOOK OFF TWO MORE. ANYWAY. TWO MONTHS WENT BY, THREE MONTHS WENT BY. I THOUGHT WE BLEW THE DEAL. IT WAS OK WITH ME. I DID NOT CARE. WE SHOULD HAVE A NEW AIR FORCE ONE. WHEN WE SEE PLANES FROM SAUDI

ARABIA AND AT DIFFERENT COMPANIES, BRAND-NEW AND OURS IS LIKE 32 YEARS OLD AND IT IS A VERY DIFFERENT, SMALLER PLANE. THE U.S. SHOULD HAVE THE BEST PLANE. I WILL TELL YOU. HE CALLS UP AFTER TWO OR THREE MONTHS. IT IS THE BEST WAY TO BUY SOMETHING, DON'T CALL BACK. WHEN HE CALLED ME I SAID, I WONDER WHAT HE WANTS? HE CALLS BACK AND SAID, SIR, 3,000,000,009 HUNDRED $99 MILLION AND 90 NONSENSE. ONE PENNY BELOW $4 BILLION. I SAID, YOU HAVE YOURSELF A DEAL. I SAID, LET ME ASK YOU A QUESTION. YOU HAD A DEAL AT

5.7 BILLION DOLLARS AND IN A PERIOD OF TWO MONTHS I GOT .7 BILLION OFF. THAT MEANS YOU WILL MAKE A .7 BILLION PROFIT ON AN AIRPLANE. DID NOBODY -- ANYBODY EVER NEGOTIATE WITH YOU? NOT REALLY. I AM GETTING, THINK OF THIS, THE EXACT SAME PLANE UP FOR .7 BILLION LESS. RED WHITE AND BLUE, BEAUTIFUL. YOU LOOK AT EVERY CONTRACT. THAT'S ONE CONTRACTYOU SAVE 1.7 BILLION BECAUSE YOU NEGOTIATE. EVERY DEAL IS LIKE THAT WE ARE BUILDING SHIPS. >> CAN YOU GIVE ME AN EXAMPLE? >> TREMENDOUS WASTE, FRAUD AND ABUSE IN OUR COUNTRY. YOU WOULD HAVE A

SURPLUS WITHOUT GOING INTO GROWTH. GROWTH, WE ARE GOING TO BRING COMPANIES AND JOBS AND LEVELS YOU HAVE NOT SEEN. YOU WOULD NOT BE ABLE TO DO THAT. >> I AM NOT RUNNING FOR PRESIDENT. >> THE ONLY WAY YOU CAN DO IT IS THROUGH THE THREAT OF TARIFFS. >> CAN WE COME BACK TO ONE THING? YOU LOOK AT ACROSS THIS ROOM, THERE ARE SOME BIG AS MRS. BUT A LOT OF SMALL ONES. YOU HAVE GIVEN US A LOT OF EXAMPLES OF THINGS WHERE YOU HAVE NEGOTIATED WITH THE HEADS OF BIG BUSINESSES. WHEN YOU PUT THE TARIFFS

ON CHINA, WHEN YOU PUT THEM ON, WHEN APPLE CAME, YOU NEGOTIATED A DIFFERENCE WITH THEM. THAT IS MUCH HARDER FOR SMALL BUSINESSES. YOU ARE BOUND TO DEAL WITH THE BIG COMPANIES. IT IS THE SMALL COMPANIES THAT GET HIT BY THESE THINGS AND CAN'T FIND EXCEPTIONS. >> WE HAD AN EXCEPTION. I GAVE APPLE AN EXCEPTION. TIM COOK -- >> APPLE IS NOT A SMALL COMPANY. >> YOUR IS WHAT HAPPENED. >> THE QUESTION IS ABOUT SMALL BUSINESSES. >> WE HAVE A TALENTED GROUP OF PEOPLE. BOB LIGHTHIZER DID A VERY GOOD JOB. HAD GREAT PEOPLE. A LARGE GROUP

OF PEOPLE. WE MADE EXCEPTIONS. IN THE CASE OF APPLE, THEY NEEDED AN EXCEPTION. BECAUSE OF SAMSUNG. HE CAME TO ME AND SAID SAMSUNG MAKES A PRODUCT SIMILAR TO OURS, THE PHONES AND OTHER THINGS. BECAUSE THERE IN SOUTH KOREA, THEY DON'T HAVE THE TARIFFS. I SAID YOU HAPPEN TO BE RIGHT. YOU'RE NOT GOING TO BE ABLE TO COMPETE. I'M GOING TO GIVE YOU A ONE YEAR BREAK BUT I WANT YOU TO START BUILDING YOUR FACTORIES IN THIS COUNTRY WHETHER IT IS TEXAS OR ANY OTHER PLACE IN THE COUNTRY. HE SAID WHAT DOES THAT MEAN? YOU HAVE

EVERYTHING IN CHINA. I WANT YOU TO MOVE IT BACK TO OUR COUNTRY. HE STARTED DOING THAT. HE BUILT THE FACTORY. A BIG ONE IN TEXAS. THIS WAS ALL A PROCESS. IT WAS ALL HAPPENING. I DID GIVE HIM AN EXCEPTION AND THE REASON WAS -- AS SEEN AS HE SAID SAMSUNG, I SAID HOW IS THAT PRODUCT COMPARED YOURS? HE SAID IT IS A GOOD PRODUCT. THEN YOU CAN'T COMPETE. YOU CANNOT HAVE A 25 OR 50% TARIFF. I'M GIVING YOU AN EXCEPTION. I DID IT FOR MANY COMPANIES. >> SMALL BUSINESSES -- THAT WAS THE QUESTION. >> WE

DO IT FOR SMALL BUSINESSES TOO. WE DO IT FOR SMALL BUSINESSES. WHO I DID NOT KNOW BUT HE CAME TO ME. HE WAS AT A MEETING AND BUILT KITCHEN CABINETS. HE WAS PRETTY BIG IN THE BUSINESS. HE SAID CHINA AND SOUTH KOREA ARE BUILDING KITCHEN CABINETS FOR ONE THIRD OF WHAT I CAN MAKE. I SAID WHAT IS THE POLITY -- WHAT IS THE QUALITY? THEY ARE NOT AS GOOD BUT THEY ARE GOOD ENOUGH. I AM GOING OUT OF HIS NEST. -- OUT OF BUSINESS. I PUT A 25% TARIFF, STILL ON KITCHEN CABINETS. I SAW THE

GUYS TWO OR THREE DAYS AGO. HE SAID I AM THE MAN THAT SAW YOU ABOUT KITCHEN CABINETS. YOU SAVED MY COMPANY. YOU DID THE TARIFF AND YOU SAVED THOUSANDS OF JOBS. MY COMPANY IS NOW DOING VERY WELL. HE STARTED TO CRY. THIS IS A GUY WHO HAS NOT CRIED TOO MUCH I WILL TELL YOU. HE SAID YOU SAVED MY COMPANY. THERE IS NOBODY WHO COULD HAVE DONE THAT. >> MAYBE I CAN ASK YOU ABOUT SOMETHING ELSE. BUSINESS PEOPLE IN THIS ROOM, CAPITAL MARKETS, THEY LIKE THE RULE OF LAW. THEY LIKE CERTAINTY. THE CHINESE, OTHER DICTATORS.

THEY DON'T LIKE IT -- THEY LIKE IT WHEN THINGS GO WRONG IN AMERICA. WHEN YOU LOOK AT THE EVENTS OF JANUARY THE SIXTH 2021, IT SHOWED TOO MANY PEOPLE AMERICA'S DEMOCRACY WAS UNRULY AND VIOLENT. ONLY THREE WEEKS TO GO TO THE ELECTION. WILL YOU COMMIT NOW TO RESPECTING AND ENCOURAGING A PEACEFUL TRANSFER OF POWER? >> YOU HAD A PEACEFUL TRANSFER OF POWER. >> COME ON, PRESIDENT TRUMP. YOU HAD A PEACEFUL TRANSFER OF POWER COMPARED TO VENEZUELA. . IT WAS BY FAR THE WORST TRANSFER OF POWER FOR A LONG TIME. >> THANK YOU. . I APPRECIATE

THAT. YOU KNOW WHAT THEY LIKE TO DO. THIS IS WHAT THEY LIKE TO DO. >> THE QUESTION, PRESIDENT TRUMP IS WOULD YOU RESPECT A DECISION. >> WHEN I FOUND OUT ABOUT THIS INTERVIEW, I DID A LITTLE CHECK. THIS IS A MAN THAT HAS NOT BEEN A BIG TRUMP FAN OVER THE YEARS. . I HAD A CHOICE. DO I DO THIS INTERVIEW OR NOT. I AM GLAD I DID IT. DO I DO THIS INTERVIEW OR DO I DISAPPOINT A LOT OF PEOPLE BECAUSE A LOT OF PEOPLE IN THE AUDIENCE. 'S VIEW IS VERY DIFFERENT THAN MINE.

>> I AM ASKING YOU A QUESTION. >> WE HAD A TERM PEACEFULLY AND PATRIOTICALLY. THESE WERE PEOPLE. IF YOU THINK AN ELECTION IS CROOKED AND I DO 100%, THE DAY IT COMES WHEN YOU CAN'T PROTEST -- WE TAKE A LOOK AT THE DEMOCRATS. THEY PROTESTED 2016. THEY ARE STILL PROTESTING IT. NOBODY TALKS ABOUT THEM. IF WE PROTEST, WE WANT TO HAVE HONEST ELECTIONS. YOU THINK THE LAST ELECTION WAS HONEST? >> OF ALL THE TIMES IT WENT TO COURT. >> THEY WENT TO COURT. THE COURTS ALL SAID YOU DON'T HAVE STANDING. NOBODY HAD STANDING. IT IS

HARD FRANKLY AFTER AN ELECTION FOR A JUDGE. THEY ALL SAID -- NOBODY EVER HAD STANDING. THE FACTS, TAKE A LOOK, I WILL SHOW YOU HUNDREDS OF PAGES OF FACTS. PEOPLE WERE ANGRY. I WILL TELL YOU WHAT, THEY NEVER SHOW THAT. THE PRIMARY SEEN IN WASHINGTON WAS HUNDREDS OF THOUSANDS. THE LARGEST GROUP OF PEOPLE I HAVE SPOKEN TO. IT WAS LOVE AND PEACE. SOME PEOPLE WENT TO THE CAPITAL. A LOT OF STRANGE THINGS HAPPENED. WAIVED THE CAPITOL BY POLICE WITH PEOPLE SCREAMING GO IN THAT NEVER GOT INTO TROUBLE. A LOT OF STRANGE THINGS HAPPENED. I LEFT

PICK -- I LEFT THE MORNING I WAS SUPPOSED TO LEAVE. I WENT TO FLORIDA. YOU HAD A VERY PEACEFUL TRANSFER. I WILL TELL YOU WHAT. THOSE PEOPLE THAT DID GO DOWN WHICH WAS A TINY FRACTION OF THE PEOPLE THAT WENT TO WASHINGTON. YOU ARE TALKING ABOUT A VERY SMALL -- HUNDREDS OF THOUSANDS OF PEOPLE. 5, 6, 700 PEOPLE GO DOWN TO THE CAPITAL. THOSE PEOPLE, THAT WAS -- NOT ONE OF THOSE PEOPLE HAD A GUN. NO ONE WAS KILLED EXCEPT FOR ASHLI BABBITT. HE WAS KILLED. SHE WAS SHOT IN THE HEAD BY A POLICE MAN.

WHAT HE DID WAS HORRIBLE. I THINK TO BE ALLOWED TO DISAGREE ON THAT. YOU SEE BY THE REACTION IN THIS ROOM. >> LET'S RETURN TO ONE OTHER BIG SUBJECT YOU BRING UP REPEATEDLY. IT IS A VERY EMOTIVE ISSUE FOR YOU. FROM THE POINT OF VIEW OF HIS NOSE PEOPLE HERE, YOU LOOK AT THE FULL EFFECT OF TAKING A LOT OF PEOPLE OUT OF THE WORKFORCE, REMOVING A LOT OF PEOPLE. CONGRESSIONAL BUDGET OFFICE IS BANKING ON THE FACT THERE WILL BE $9 TRILLION ADDED TO THE GDP OF AMERICA OVER THE NEXT 10 YEARS BY IMMIGRANTS. YOU

WANT TO STOP THAT PROCESS. FOR ALL THE PEOPLE WHO RUN BUSINESSES IN THE AUDIENCE, I'M FOCUSING ON THE ECONOMIC THING. ARE YOU PREPARED TO SAY IT IS FINE TO HAVE A SLIGHTLY SMALLER ECONOMY IN EXCHANGE FOR HAVING THE IMMIGRATION CONTROL? >> SIMPLE ANSWER. I WANT A LOT OF PEOPLE TO COME INTO OUR COUNTRY BUT I WANT THEM TO COME LEGALLY. [APPLAUSE] >> THAT MEANS YOU WILL HAVE TO DEPORT -- YOU ARE TALKING ABOUT DEPORTING 11 MILLION PEOPLE. THAT IS A LOT OF PEOPLE TO TAKE OUT. >>>> IT CAME OUT LAST WEEK THAT 425,000 PEOPLE ARE

HORRIBLE CRIMINALS AT THE HIGHEST LEVEL. IT CAME OUT THAT 13,099 WERE LET IN DURING THEIR ADMINISTRATION. THEY TRIED TO SAY LONGER. OVER THE LAST THREE AND A HALF YEARS, 13,000 PLUS PEOPLE CAME IN, MURDERERS. THEY ARE IN JAIL FOR MURDER. SOME WERE HAVING THE DEATH PENALTY. THEY WERE RELEASED INTO OUR COUNTRY. 13,099 PEOPLE WERE RELEASED INTO OUR COUNTRY. WE HAD DRUG DEALERS. WE HAD STREET GANGS RELEASED. LOOK AT WHAT IS HAPPENING IN AURORA. NOW I DON'T HAVE TO GO WITH AURORA ANYMORE. LOOK AT WHAT HAPPENED LAST NIGHT IN TIMES SQUARE WHERE MIGRANTS FROM ALL OVER

THE PLACE. IT IS NOT JUST SOUTH AMERICA. WE HAVE PEOPLE COMING FROM THE CONGO. LARGE NUMBERS FROM THE CONGO AND AFRICA. THEY CAME IN LAST NIGHT. 180 COUNTRIES. PEOPLE CAME IN. THEY CAME FROM PRISONS AND JAILS. THEY CAME FROM MENTAL INSTITUTIONS AND INSANE ASYLUMS. THEY CAME FROM THE TERRORISTS. A LARGE NUMBER OF TERRORISTS CAME IN. WHEN I WAS THE PRESIDENT, WE HAVE THE STRONGEST BORDER IN THE HISTORY OF OUR COUNTRY. HUNDREDS OF MILES. THE BEST NUMBERS WE EVER HAD. NOW WE HAVE THE WORST NUMBERS. HERE IS THE PROBLEM. WE HAVE SOME OF THE WORST CRIMINALS

IN THE WORLD COMING IN. VENEZUELA, THEIR CRIME HAS GONE DOWN AT LEVELS NOBODY HAS EVER SEEN BEFORE. THEY HAVE TAKEN THEIR STREET GANGS AND THEIR DRUG DEALERS AND THEY HAVE EMPTIED THEIR PRISONS. NOT FULLY BECAUSE THEY CANNOT GET ENOUGH BUSES. THEY LOAD UP THE BUSES AND THEY DRIVE THEM INTO THE UNITED STATES AND THEY ARE DROPPING THEIR PRISONERS INTO OUR COUNTRY. THEIR CRIME IS DOWN. THERE NUMBERS ARE CRAZY HOW LOW IT HAS DROPPED. I HEARD 72, 74%. THEY HAVE TAKEN THEIR GANGS. THEY HAVE TAKEN THEIR CRIMINALS OFF THE STREET. THEY HAVE TAKEN PEOPLE OUT OF

MENTAL INSTITUTIONS WHICH COST THEM A FORTUNE. THEY HAVE DROPPED THEM INTO THE UNITED STATES OF AMERICA. THOSE PEOPLE HAVE TO BE RETURNED. WE CANNOT LIVE WITH THOUSANDS OF MURDERERS. >> THE ISSUE I ASKED YOU ABOUT WAS THE IDEA IF YOU REDUCE IMMIGRATION, EVERY ECONOMIST WILL TELL YOU IF YOU HAVE FEWER PEOPLE, THERE IS A SMALLER ECONOMY -- >> I LIKE IMMIGRATION BUT THEY HAVE TO COME IN LEGALLY. >> LET'S FINISH -- >> I WANT TO MAKE SURE -- I DON'T WANT TO HAVE PEOPLE THAT HAVE KILLED NINE PEOPLE AND THEY ARE A SADISTIC CRAZY NUT

JOB. WE HAVE TO HAVE PEOPLE THAT CAN LOVE OUR COUNTRY. THAT WILL OBEY THE LAWS AS EVERYTHING ELSE. YOU HAVE HUNDREDS OF THOUSANDS OF CRIMINALS BEING DROPPED IN. VENEZUELA IS ONE COUNTRY. LOOK AT WHAT THEY HAVE DONE IN AURORA. THEY HAVE TAKEN OVER APARTMENT COMPLEXES. THEY HAVE GONE INTO THE REAL ESTATE BUSINESS. THEY HAVE DONE IT WITH MK WHATEVER THE HELL THEY ARE CALLED. THEY HAVE WEAPONS THAT ARE SO SOPHISTICATED OUR MILITARY DOES NOT HAVE THEM. THEY HAVE TAKEN OVER PARTS OF CITIES. IN COLORADO, YOU HAVE A PLACE CALLED BEAUTIFUL AURORA. TAKE A LOOK AT

WHAT IS HAPPENED TO SPRINGFIELD, OHIO. WHERE THEY DROPPED 30,000 PEOPLE INTO A COMMUNITY OF 50,000 PEOPLE AND IT IS TOTAL BEDLAM. THE HOSPITALS CANNOT BE USED ANYMORE BY THE RESIDENCE. THE SCHOOLS CANNOT BE USED BY THE CHILDREN THAT WERE THERE LAST YEAR BECAUSE OTHER PEOPLE THAT DON'T EVEN SPEAK THE LANGUAGE -- >> THE ISSUE I ASKED YOU ABOUT, MANY COMPANIES HAVE A SHORTAGE OF LABOR. >> WE ARE GOING TO GET PEOPLE IN HERE RAPIDLY. THEY'RE GOING TO BE PEOPLE WHO WANT TO BE IN HERE. THEY ARE GOING TO BE PEOPLE THAT CAN LOVE OUR COUNTRY

AND WON'T KILL PEOPLE BECAUSE THEY DON'T LIKE THE WAY THEY LOOK. [APPLAUSE] THESE -- SOME OF THESE KILLERS ARE AMONG THE MOST EVIL KILLERS. THEY WILL LOOK AT YOU DOWN THE BEAUTIFUL WOMEN, THEY WILL KILL YOU. THESE ARE SERIOUSLY SICK PEOPLE. I DON'T WANT THEM IN OUR COUNTRY. THEY ARE IN OUR COUNTRY RIGHT NOW. THEY ARE IN THEIR BECAUSE KAMALA HARRIS WHO IS OUR BORDERS ARE -- >> FOR THE RECORD AS YOU KNOW, THE CRIME RATE IS LOWER. CAN I FINISH WITH TWO QUESTIONS? THE FIRST FIRST -- THE FIRST. YOU OWN AND RUN BUSINESSES. WOULD

YOU APPOINT A CEO WAS 78? >> I WOULD. DEPENDS -- PEOPLE LIKE BIDEN WHO IS IN BAD SHAPE, I WOULD NOT APPOINT HIM. HE IS 81 OR 82. SOME OF THE SMARTEST PEOPLE I KNOW. I KNOW A MAN THAT MADE ALL OF HIS MONEY FOR THE TIME HE WAS 80 TO 90 AND HE WAS A FAILURE ALL HIS LIFE. HE WAS IN THE DRINKS BUSINESS. >> YOU DID NOT BRING THIS UP WHEN YOU ARE RUNNING AGAINST JOE BIDEN. >> I USED TO DEFEND HIM ON HIS AGE. I ATTACKED HIM FOR HIS LACK OF COMPETENCE. >>

I ASKED YOU ALL THESE QUESTIONS -- >> I THINK IT IS IMPORTANT. AND I NOTE YOU TOO. . I KNOW SO MANY PEOPLE IN THEIR 80'S THAT ARE -- BERNIE MARCUS IS 95, THE FOUNDER OF HOME DEPOT. YOU HAVE A CONVERSATION WITH HIM. HE IS JUST AS SHARP MENTALLY -- JUST AS SHARP AS HE EVER WAS. HE IS 95. I COULD TELL YOU -- I DON'T WANT TO GET INTO THE 90'S STUFF. YOU KNOW WHAT, I KNOW MANY PEOPLE IN THEIR 80'S. I KNOW GUYS IN THEIR 80'S WHO WON'T LEAVE THE COMPANY LIKE FAMILY COMPANIES

WHERE THEY DON'T WANT THE KIDS TO TAKE OVER BECAUSE THEY ARE MUCH MORE COMPETENT THAN THEIR KIDS. I WOULD HAVE NO PROBLEM. >> ON THE SUPREME COURT -- >> SOME OF OUR WORLD LEADERS ARE IN THE 80'S. IF YOU HAVE -- IF YOU LOOK THROUGH HISTORY, SOME OF OUR GREATEST WORLD LEADERS WERE IN THEIR 80'S. THAT WOULD NOT BOTHER ME. I TOOK TWO COGNITIVE TESTS AND I ACED THEM BOTH. I THINK FRANKLY PEOPLE REGARDLESS SHOULD -- IF THEY ARE 50 OR 40, PEOPLE SHOULD TAKE COGNITIVE TESTS NOT BECAUSE OF THE AGE BUT BECAUSE OF SOMETHING

ELSE. HERE IS THE PROBLEM. THEY SAY IT IS UNCONSTITUTIONAL. I WOULD LOVE TO SEE COGNITIVE TESTS. I DON'T INC. SHE COULD PASS A COGNITIVE TENT -- I DON'T THINK HE COULD PASS A COGNITIVE TEST. >> JOHN: PRESIDENT TRUMP, HAS TOO MANY QUESTIONS ABOUT THINGS. ONE THING IS ABOUT THE STATE OF THE RACE. ON ELECTION NIGHT, WHICH STATE WOULD YOU LOOK FOR FIRST, WHICH STATE DO YOU THINK THIS RACE IS GOING TO BE DECIDED BY? MR. TRUMP: SO THEY SAY PENNSYLVANIA. I THINK YOU'RE DOING VERY WELL THERE. YOU LOOK AT MICHIGAN, TOO, AND I AM DOING

VERY WELL THERE. THE ROADS ARE STARTING TO COME IN NOW. YOU LOOK AT POLLS, BUT YOU ALSO LOOK AT THE VOTES BEING CAST. PEOPLE GET A VERY GOOD INDICATION. AND BASED ON THE VOTES COMING IN SO WE ARE DOING VERY WELL. CLEAR UP IN PENNSYLVANIA AND MICHIGAN. DOING VERY WELL IN ARIZONA. IT CAP SOMEBODY SAID THEY'RE GOING TO PULL THE PLUG IN ARIZONA BECAUSE WE ARE QUITE A WAYS AHEAD. I THINK YOU'RE DOING WELL. THIS IS A PARTY, THE REPUBLICAN PARTY, THE REPUBLICAN PARTY OF COMMON SENSE. FORGET ABOUT CONSERVATIVE OR LIBERAL. WE ARE, SAY, CONSERVATIVE,

BUT WE ARE REALLY A PARTY OF BORDERS. WE NEED FAIR ELECTIONS. WE DON'T WANT MEN PLAYING IN WOMEN'S SPORTS. WE DON'T WANT TRANSGENDER OPERATIONS ABOUT PARENTAL CONCERNS. [APPLAUSE] THERE ARE SO MANY THINGS. 99.9% IS COMMON SENSE. IT REALLY IS COMMON SENSE. I LIKE TO SAY IT, I DON'T KNOW IF ANYONE HAS CITED IN THE PAST, BUT I SAID WE ARE A PARTY OF COMMON SENSE. WE WANT TO HAVE GREAT PEOPLE IN OUR COUNTRY. I WANT A LOT OF PEOPLE TO COME IN SO THEY CAN HAVE CHOICE. I HAVE A GOOD HEART, I HAVE A HEART

WHERE I WANT PEOPLE TO BE TAKEN CARE OF, BUT I DON'T WANT TO BE TAKING PEOPLE AWAY -- MILLIONS OF PEOPLE, 21 MILLION PEOPLE AT LEAST HAVE COME IN IN THE LAST MINUTE HALF YEARS, UNVENTTED, UNCHECKED. WE DON'T KNOW ANYTHING ABOUT THEM. HOW ABOUT THIS? GOVERNOR NEWSOM, GOVERNOR OF CALIFORNIA. NEW SCUM, I CALL HIM. [LAUGHTER] MR. TRUMP: GOVERNOR NEWSOM. JOHN: THERE ARE CEOS HASJOHN: , THAT IF THEY SAID SOMETHING LIKE THIS ABOUT A RIVAL CEO, THEY WOULD BE SACKED. MR. TRUMP: THEY WOULDN'T GO THROUGH WHAT I HAVE HAD TO GO THROUGH. THERE HAS NEVER BEEN

A PRESIDENT THAT HAS BEEN TREATED LIKE ME. I HAVE HAD TO FIGHT MY OWN. [LAUGHTER] HE SIGNED A BILL IN CALIFORNIA TWO DAYS AGO THAT YOU DON'T EVEN HAVE THE RIGHT TO ASK A PERSON FOR VOTER I.D.. AND IF YOU ASK A PERSON FOR VOTER I.D., OF COURSE, YOU HAVE TO SHOW VOTER I.D.. THE ONLY REASON YOU WOULDN'T DO IT IS BECAUSE YOU WANT TO CHEAT. THAT BILL SAYS IT'S AGAINST THE LAW FOR YOU TO ASK A PERSON, MAY I SEE YOUR VOTER I.D., WHEN HE VOTES. WHAT IS OUR COUNTRY COMING TO? JOHN: YOU HAVE

GIVEN US A TOUR OF WHERE THE COUNTRY MIGHT BE GOING TO. THANK YOU VERY MUCH, MISTER TRUMP, FOR THE CONVERSATION. [CHEERS AND APPLAUSE]