Authors: Nancy, Joshua, Mario, Brad, Gregory Kurt, Bloomberg Businessweek
Translator: DeThings

Editor's Note: On June 25, two days before the first presidential debate of 2024 and about two weeks before an attempted assassination, Bloomberg Businessweek interviewed former U.S. President Donald Trump at his Mar-a-Lago estate in Palm Beach, Florida. In a discussion focused on business and the global economy, Trump talked about the Federal Reserve, inflation, tax cuts, tariffs, Taiwan, and his relationship with CEOs. The interview was conducted by Bloomberg senior reporters Nancy Cook and Joshua Green, executive editor Mario Parker, and Businessweek editor Brad Stone. The following is the transcript, edited for clarity and fact-checked by Gregory Kurt. This is the second part, following the first part.

15. The last question is about CEOs. The New York Times just published an article saying that no CEO from the Fortune 100 supports you. Why do you think that is?

Well, that's a fake article. First, I'm not seeking their support; second, they're all calling, they all want to support me. If you understand politics, whoever is in charge gets all the support they want. Even if my personality is like a shrimp, everyone will come. Everyone in the room. I set up meetings… in a way, it's hard. They all want to meet. But there are a lot of people supporting me. If you look at the list now, a lot of people they don't know, because they put them in a PAC you don't know.

I mean, you really don't know. And it's hard to find out. People haven't found out, it's amazing. But you know, they have a PAC, you can give someone $100 million or $50 million. But our support from businesses is very big. But there are two things I'm not seeking. I don't care. First, if I seek help, it means you're doing them a favor. I don't want to do that. Because I want to do… I got the pipeline and the big facilities approved. The liquefied natural gas plant in Louisiana. I could go to those factories and say, hey, I'll get it approved, la la la. I don't do that. I get it approved. I don't know who owns it, I don't care. Two years later, people will come to me. "I own the company that built that pipeline, sir, you approved it." That's great, we're leaving, you know. Remember the Dakota Access Pipeline? I approved it. I didn't call the company and say, hey, I want to give you the biggest. They built everything, except, because of the river, the Indian River, it couldn't connect 100 yards. I approved it.

So if we understand you correctly, support is private?

The point is, it's not about me. Right now I'm leading in the polls, if you look at Rasmussen, I'm 10 points ahead, that's a lot. The best poll is Rasmussen, have you done polls? Yes, a little, right?

Yes, we conduct swing state polls.

How am I doing in your polls?

Usually, you're always ahead, but by a few points. You know, the margin is quite large.

Jason Miller: You like them now.

Trump: Actually, I think the polls show that our support is much higher than the average. Rasmussen's poll shows our support is at 10.9, if you add Kennedy and these people, I think it's 10, actually I'm a little higher. It looks more average, but if they all run, our support will go up a little. I think that should be right. You know, I'm not sure if that's right. His support is very close. Cornell West's support is not close - Cornell West and Jill Stein, I like them as politicians. They are my favorite politicians.

In some speeches, you swore to "retaliate" against Democratic politicians and government officials whom you believe have wronged you.

I swore?

Bloomberg Businessweek staff: You said so.

When was that?

I believe at rallies and speeches.

I don't know if I swore.

We'll verify that again. But you also attacked companies—

I actually swore to retaliate—I actually said, "Success is my retaliation."

16. My question is, you have also attacked companies like Amazon and its CEO Jeff Bezos. I want to know if the desire for retaliation also extends to companies and executives?

I think The Washington Post is really unfair. I often attack The Washington Post. It clearly has an impact. They lost half of their readers. But I think, you know, I think he's done a lot of damage to himself. So I think The Washington Post is unfair, you know, it's bad. Now, he's a very rich man, but no one wants to lose $150 million a year, that's a real loss. To lose so much money, you know, and make enemies, because you will…

I think The Washington Post had a chance to do something great, but it turned into a poorly run, possibly closing political machine. Even a rich man wouldn't spend that much money to keep it running. But no, I won't retaliate against anyone.

Sir, let's discuss a few tech issues. I come from Silicon Valley and have been reporting on tech news for many years.

You've seen my little—I heard that podcast did exceptionally well.

All-In podcast. Yes, I've heard of it.

It seems like a big deal. Have you heard it?

Group: Yes.

We all have.

So let's start with the big tech companies. Your first term government initiated some initial lawsuits against companies like Facebook and Google. The Biden administration may be more aggressive. You know, the Federal Trade Commission chairman is not popular. The Silicon Valley Justice Department's antitrust division is also. Will you continue to expand and pursue a tough antitrust agenda against big tech companies? Do you think these companies are too powerful?

I think they have had a huge negative impact on young people. I think they've become too big, too powerful. They control our elections. You see what happened in the elections, they control our elections. We can't have that. I respect them very much. You know, if you look, TikTok is very powerful.

When you said TikTok should be banned, Mario was on a plane. What made you change your mind?

Well, I didn't say it should be banned. I just said, I'll give you a choice. You tell me what you want to do—go to Congress. Remember?

Forced sale…

They couldn't get it together.

I said, "I'm going to do it anyway." But now I remember, I support TikTok, because you need competition. If you don't have TikTok, you have Facebook and Instagram, that's Zuckerberg—he used to come to the White House often, he was very nice to me. But then he took away my big account—you know, he would come over and say you have more "fans." Congratulations, you're number one. And I was. I think, with Instagram, when you add all these up, suddenly I went from number one to nobody. In fact, I did old-fashioned press releases, they were very popular. They were real press releases. Then I did Truth (Social, Trump's social media company), it really became very powerful. You know, I don't use anything else.

Well, so you changed your mind about TikTok. But I think I interrupted your first answer, about whether you would pursue a tough antitrust agenda against big tech companies.

This is a very complex situation. At some point, you want to be strong, because you don't want other countries to have that kind of power. I care only about this country. I'm America first. I care only about this country. So I don't want to hurt those companies. But I also don't want them to ruin our young people. When you see what they're doing, you'll know. Including suicide—you know, a lot of bad things come with it. But basically, there will be big companies, and I hope our companies become big and strong.

If you pursue them very violently, you can destroy them. I don't want to destroy them. I want them to thrive. But I don't want them to influence elections. I don't want them to ruin children across the country with suicides, which is happening. So, that's a line. But no, I want our tech companies to thrive.

My uncle is at MIT. I like tech. You know, I believe my uncle is the longest-serving professor in the history of MIT. Did you know that?

I think it's 41 years. In fact, MIT sent me a book about my uncle, Dr. John Trump. Yes, he was a pretty good student, you could say. My father used to complain. He said, "I have to get your uncle through school!" My father was a little older. He said, "He's been working on another degree!" But he's really smart, like top. When he graduated from MIT—got a lot of degrees—they said, "Why don't you stay and be a professor?" He stayed there for 41 years. But they sent me a book about my uncle, who is a legend at MIT. So I like these things.

I want to ask about cryptocurrency? (interrupted)

Jason Miller: Brad, you know, we still have 50 minutes. So we have time to ask one or two more questions.

Trump: No, give him a little more time.

Thank you, President Trump

Trump: And when I'm killed, I'm definitely going to blame Jason.

Miller: Perfect.

Trump: But he's great.

Cryptocurrency— I remember you said that cryptocurrency is a "fraud" and "an impending disaster." By the way, you're right. Disasters and fraud have happened.

Trump: I've always been right.

But recently, you've started embracing the community. You said it should be made in America. So tell me why you changed your mind.

Because the answer is very similar. If we don't do this, China will take it, China will have it—or someone else, but most likely China. China is very interested in this. And it's not going away. It's amazing. I've met a lot of people—like at the conference in San Francisco—Trump's fundraising event on June 6. I went to San Francisco and met a lot of people—they really think this is becoming an industry.

Now, if I put it aside, it will be accepted by another country, most likely China—they are quite advanced in this field. So you have to look at it—what I want, again, is beneficial to the country. If we don't do this… Another thing is, I've done things like NFT. I noticed that 80% of the money was paid in cryptocurrency. It's incredible. So, NFT is very successful. We had a year to sell, but it sold out in one day. Sold out completely: 45,000 cards. I did it three times, and I'm going to do it again because people want me to do it again. The spirit is incredible. Very beautiful. But what I really noticed is that all payments were made—I mean almost all payments were made in cryptocurrency, this new currency.

This opened my eyes. So we have a good foundation. It's still a baby. It's still in its infancy. But I don't want another country to take over this field. So I think we'll do well. Plus, I've met industry people, and they are all top-notch. If you ask Jamie Dimon, Jamie Dimon used to be very negative, now suddenly his attitude has changed a bit.

I want to ask you about the EU and tariffs. "Repeat" the EU and tariffs—the concept of a global minimum 10% tariff.

They're very bad to us.

You mean the 10% they charge us?

No, you just mentioned charging other countries 10%, globally—

Because they charge us far more than 10%.

So—You mentioned using tariffs as a negotiating tool—would you give "friends and family discounts" to certain countries?

Of course, the EU sounds lovely. It's a great group. Many of us come from there. You know, we love Scotland and Germany. We love all these places. But once you cross that line, they're very rough with us. They don't take our cars. We take millions of their cars. They don't take our agricultural products. Very few. We take their agricultural products. They hardly take anything. Our trade deficit with them is well over $200 billion.

Now with China, when I was there, when I first went, the deficit was close to $600 billion. If it weren't for the pandemic, by the end of my first term, my deficit would have dropped to zero. We were going to maintain net neutrality with China. But then the pandemic came, and we had to, we had to save this country. We also had to buy things from China because, you know, they produce everything we don't have. Our cupboards were bare. But no, I think the EU is cruel, and other countries are the same. Japan is cruel. I renegotiated a new deal with Japan. If I didn't like Abe so much, I think he's great. His ordeal is very sad. He's a very good friend of mine. But we renegotiated a trade deal with Abe. But Japan is very rough with us, still is.

You know, we charge, so they bring in cars at the rate of millions. You see how many cars enter Japan? I said, "Shinzo Abe, I don't see any Chevrolets here. I don't see any Chevrolets. Where are the Chevrolets?" But I see a lot of Toyotas and cars of various other brands. Germany is the same. I said to Angela Merkel, "Angela, how many Fords or Chevrolets are there in the center of Munich?"

(Trump imitates a German accent) "Oh, I don't believe there are many."

None? How many Mercedes, BMWs, and Volkswagens do we have?

None, they're very bad to us, but I'm changing all that and that culture, I'm changing it.

But the EU—You know, nobody would think that way. It's like China. When I first started going— I love China—they were right about everything. I made people aware of that. I respect China very much. I respect President Xi Jinping very much. I know him very well. I like him very much. He's a strong person, but I like him. I hope he can write it, to be honest, because, you know, people don't know. He might not know either. But I know. I respect him.

But nobody knows how badly they (Europe) have taken advantage of us. We built their military with the money they took from us. Everything is changing. Change is happening fast. It's amazing that this person who was against tariffs is in power, and he basically canceled most of the tariffs I imposed.

Do you know why? Because the money is so amazing, they can't imagine how things would work without them.

17. Mr. President, in this election, you have been particularly active in seeking support from black voters and promoting economic policies. What specific economic measures are you considering for black and minority voters?

The greatest measure? Well, I did criminal justice reform, which is great. They are very aware of that. I implemented Opportunity Zones, which I believe is the most successful economic development plan ever—primarily for black people, but also includes others. It has never been written about. No one wants to talk about it because it's been so successful. "It failed," that's how they talk about it. That was done with Tim Scott, who is a senator from South Carolina, and he's a great guy.

I saved historically black colleges and universities. They were completely bankrupt. I secured long-term funding for them, and now they're doing well. Those people love me. I've done a lot for these people—that's economic development.

But the most important thing I want to do. You can combine these three elements and many other elements. By the way, criminal justice reform is a big deal. They've been pursuing this goal for 40 years. People are getting treatment—and it's working. You know, it's incarceration. 90% of the beneficiaries are black. I think that's also one of the reasons for my success.

You know, when I was in Georgia, you saw that girl—a beautiful black girl. We walked into a restaurant, and for security reasons, we couldn't announce in advance that we were coming. In other words, no one knew. I opened the door, walked in, and there were 45 people working, all black. It was a fast-food restaurant. This black girl was smart, beautiful: "Donald Trump, I love you! I love you!" She didn't know I was coming. You might have seen her on TV. We're going to ask her now if she'll come—because she's so genuine. She's incredible. "I love you. You saved me. My college was about to close"—she went to a college I saved with funding because they were all going bankrupt. Almost all the heads of these colleges and universities were about to leave. I saved these photos.

Anyway, she said, "You saved me! You saved me!" She really loves that college. She goes to a college in Atlanta that I've never heard of. She really loves that college. I said, "Do you like that college?" She said, "It's the best college." I mean, I was really happy to see that college because, to be honest, I was a little surprised. I was really happy to see that college. But her personality is so distinct. She hugged me, kissed me, did everything. I said, "I hope you're getting this on camera!"

Honestly, I did say that. But people could tell. But I'm going to make the biggest effort because millions of immigrants pouring into the United States will devastate black people. There will never be devastation like this, they're already feeling it. Their wages are dropping significantly. Their jobs are being taken by illegal immigrants.

I said: Blacks are first, Hispanics are second. You know who else? Unions. Unions are being devastated. They're letting those people—You know, you see. A person can be loyal to a union, because I have a union in New York. I get along with them. I've dealt with the Teamsters, and I get along with them. But you know, to a certain extent, you're willing to pay more. Then suddenly, now you have to pay three times, four times, five times, six times more. You know, you can find some people who manage buildings, you can hire them at 20%, 15% commission. Unions don't have a chance. Biden did it. Biden did it. But worse than anyone, the black population of this country will die because of what's happening, what will happen to their jobs—their jobs, their housing, everything! They're taking everything away. Do you see Biden hiring 100% black people? I mean, 100% are immigrants, and the impact on black people is the biggest so far. Almost—not 100%, but almost, but definitely the biggest. I want to stop this situation. It's the best thing.

Someone asked me this question a few days ago. They said, "What will you do for black people?" I said, "I will stop 20 million people from entering this country, whose wages will be only a third of what they are now." They've all lost their jobs. This is nothing yet, but it will be. Do you think that makes sense?

This is a terrible thing, and the impact on them is greater than anyone else. They know I don't want this to happen. They know because many of them are already unemployed. They know I don't want this to happen, and Biden does want this to happen.

18. On the issue of immigration, the United States lacks workers. Given your desire to restrict immigration, how will you ensure that farms, poultry processing plants, and construction sites have enough workers to do the jobs that Americans typically don't want to do?

Because I want them to come in. I want a lot of people to come in, but they have to come in legally. I don't want them coming from prisons. I don't want them coming from mental hospitals and insane asylums. You know, you've heard my speeches, so I think I don't need to do this—but the crime rate from Venezuela is only a small part of what they take away—almost all countries are like that, unless they are ruled by stupid people. If you look at Honduras and all these places, they take away all the criminals and then throw them into this country. Criminals are right next to you. This is a huge problem. Venezuelan crime, I said to business leaders, "Next year, if you don't mind, we're going to Venezuela for a meeting, a roundtable." Oh, why? Because there's no crime there. Because they've sent all the criminals to our country. So we want—I strongly recommend a roundtable in Venezuela.

19. I want to ask you about the housing market because housing is a huge expense for people. Mortgage rates are so high, and there's currently a serious housing supply issue. What plans do you have to make housing more affordable for people?

That's a very good question. Today, in some areas, like, a lot of crazy places, 50% of the cost of housing is environmental costs, bookkeeping costs, and all these restrictions. Building permits. Huge "restrictions". Also, they require you to build houses of much lower quality and at much higher prices. They require you to use materials that are much inferior to other materials. And other materials, I mean, you're cutting your permit in half. Your permit, your permitting process. Your zoning, I've been through zoning for many years. Zoning is like… it's brutal. But we're going to do that, we're going to lower housing prices.

The biggest problem with housing right now is your rate goes from 2.5% to 10%. You can't get money. So, you know, I don't know if you can stay at 10 because if you can't get money, that means the rate will be even higher. But people can't get financing to buy houses.

I'm curious, when was the last time you spoke with Saudi Crown Prince Mohammed (I have to say his name)? Mohammed bin Salman Al Saud?

It's been a long time, but my relationship is very good. You know, I did something that wasn't publicized, but it was a great thing. My first stop was Saudi Arabia.

It was very different because in almost all cases, you (U.S. presidents) go to the UK. I was ready to go to the UK. Mohammed called me and said, "I'd be happy to have you come here."

I said, "If I do that, I'll be breaking a very long tradition." I won't say it. He said, "No, we want you to come first." Because I know him very well, he's a great guy. I think he's doing a great job. He said, "I want you to come."

I said, "Listen, this is what I'm going to do. I'm coming. But I want you to give American companies $450 billion." Do you remember this?

Yes.

$450 billion. He said, "Well, I've never thought about it." And [I said] "I'm going to go with these companies." Then I went. He gave $450 billion. I've never seen anything like it, because I was sitting there when the money was being handed out.

They negotiated for weeks because I agreed to go three months later. I sat there, watching Raytheon and all these companies—they called the chairman of Raytheon. In all cases, they're the chairman or CEO—whichever is the head of the company—they were sitting in an incredible banquet hall, the ceiling looks like this [Trump points to a gilded ceiling]—actually, this one looks better. Anyway. But it's a very large banquet hall. I think you reported on it. I think you wrote about it.

Yes, there were a lot of reporters there.

In terms of media coverage, I got very little, but it was a great event. In three hours, they handed out contracts worth $450 billion, including funds from Wall Street. They gave this money to different companies on Wall Street. It was a great event.

How will you navigate…

It should have been reported. Don't you think? I mean, $450 billion. They went to Boeing, bought planes, bought hundreds of planes, bought fighter jets, everything. Go ahead.

I just wanted to ask you, given their desire to dominate in the energy sector, but you really want to open up more energy exploration in the United States, how will you handle this relationship?

He likes me, and I like him. They always need protection. They're not—They're naturally not protected. They always need protection, and I will always protect them. My relationship with him is very good.

How often do you talk to him?

His uncle was supposed to come. But he came, as the son—and very young. I think he's probably around 32 years old. We hit it off, we felt very— I said to his father, "You know, you know there's a great guy here, and one day he's going to rule this kingdom." He left a deep impression on us. Very, very strong, handsome, loves his country, has a good feeling for the United States. I will call the king—

You know, when I flew to Saudi Arabia, the king was on the runway to greet me, with temperatures reaching 120 degrees. He said—so I can't imagine he never greeted Obama, never greeted anyone. They brought him to Obama, said he shook hands, and that was it. He stood on the runway waiting for me—temperature was 120 degrees—they told me, "Sir, we didn't know, but we couldn't imagine he would be there because it's too hot, you know, a record 120 degrees…” Even for Saudi Arabia, that's a lot. He greeted me, he's great. You can't cast him in a movie. No one can play his role. Good guy.

Mohammed is the same, he's now the Crown Prince, now the Prime Minister, now will become the king. He will be a great king. So I really like him.

So they, they live in a very difficult environment. But Obama, Obama hurt us, Biden really hurt us. They're not with us anymore. They're with China. But they don't want to be with China. They want to be with us.

We are in the lightning phase—the final phase of the lightning wheel. (Answer to Miller)

Jason Miller: Great. Thank you.

Trump: I've been very protective of them during my term. Many missiles were launched into their area, and we shot down every one. We destroyed everything.

20. Mr. President, we're ending the discussion here, but purely from an electoral standpoint, Joe Biden has released a new ad calling you a "convicted criminal fighting only for himself," and so on, and implying that convictions will be the core focus of his campaign in the final stages. How will you defend yourself to the voters? How will you prove this?

So, I think it's very simple. First, I haven't done anything wrong. The system in New York is distorted, 100% distorted. Look at the trial going on in Florida—this is all initiated by Biden. It's against his political opponents. That's why my assessment of him is different from another president who performed just as badly. He's a criminal. His son is a convicted felon. I haven't done anything wrong, it's just that our judges are distorted, 100% distorted. They issued a gag order against me. They took their people from, as you know, from the Department of Justice to the local prosecutor's office, then to the Attorney General's office, and so on. They did all of this. This is called election interference. I think they will pay a huge price for this.

We've received more funding in the past two weeks than any campaign has ever received, hundreds of millions of dollars. Most of it is small-dollar "donations". In response to your question about executives (why CEOs of Fortune 100 companies haven't donated), I don't need to. Because I can get $71. That's an average of $71 (referring to the average donation amount for Trump's campaign). Hundreds of millions of dollars. Have you seen, since this unfair decision was made, we've received $58 million?

This is not a crime—You know, there's no crime. Every scholar, including the scholars who wrote to you, says this is not a crime. The whole thing. This is not a crime. From the decision to that evening, we received $58 million in small donations. You know, we're now ahead of him in fundraising. Republicans have never been ahead before. I'm ahead of him. And most of the funding has come in the past few weeks.

For this reason, considering the amount of condemnation you've received, if you return to office, would you consider pardoning yourself?

No, I don't need to. I can pardon myself before I leave.

But future charges are still pending.

I won't consider it.

You won't.

You don't need it. We will win, unless the system is so corrupt—and we are winning. We are winning. You see what's happening now. You understand what's happening. We are winning. I think the appeals court will handle it—otherwise you won't have a justice system, because it's very corrupt.

But remember this: he's a very high-level felon. But they say he's not capable of defending himself. That's what he said.

Who are we talking about?

Talking about his "Biden's files." Because I'm protected by the Presidential Records Act. But he's not. He's the Vice President, also a Senator. He recorded something as a Senator, 50 years of something! The special prosecutor, the special prosecutor of the Department of Justice, said he's guilty. But he's crazy, he's incompetent. Basically, they say he's incompetent, he can't stand trial. So we won't formally charge him. But then I said, oh, that's interesting. So they won't charge him. He's incompetent. You know, they say—when he says he's not guilty, the prosecutor says, "I didn't say he's not guilty. He's guilty. But we think we can't charge him because he's incompetent."

Then they say, "But he can be president." Think about it. So he can't stand trial because he's incompetent. But the second—keep going—but he can be president. So this will come up. When they use this to attack us, they know it's a very dangerous topic—but he's basically been convicted, his son has been convicted, his son is a felon. I haven't done anything wrong. For example, they talked to me about the books and records. I paid legal fees—I called it legal fees, I didn't call it building fees—you know, I said legal fees, I wrote it down—this line is big: legal. You don't need to write down every part of your life. We wrote "legal fees," it's the legal fees paid to the lawyer.

I know we're almost done. I want to ask, looking back, what's the most important thing you've learned during your presidency?

You need excellent talent. When I came to Washington, I didn't know anyone in Washington. I rarely come here. I rarely come here. According to fake news, I've been here 17 times. I've been here 17 times, but never stayed overnight. Most of the time was spent building a hotel in Washington, and it was very successful when I owned it. Now it's not as successful, I think. But I sold it for a good price; it was a very good deal.

You know, most of the time was spent just looking around—but I never stayed overnight. So you need excellent talent. I don't know anyone in Washington, so I relied on others. They gave me some great people. I mean, I think Bob Lighthizer (former U.S. Trade Representative) is very outstanding. I bet you like Lighthizer, right? Most people like him. Do you like him?

Group: I don't know him.

He's in charge of trade. He's doing a good job. We have a lot of excellent talent. I rebuilt the military. The biggest tax cuts, the biggest regulations—you know, I have a lot of excellent talent, at all levels, completed environmental work, like the liquefied natural gas plant that had been stalled for 14 years. I almost completed it immediately. We have excellent talent, but there are some people I wouldn't choose again. Now, I know everyone. Now, I'm really experienced.

21. Mr. President, we know that loyalty is very important to you. Is people's perception of January 6th a litmus test for you? Should you win in November and start building your government?

Are you talking from my perspective? No, I don't think so. If anyone really believes what they're saying. But most people don't believe.

A few days ago, Nancy Pelosi admitted it was her responsibility. You know, that's a big deal. It didn't get the coverage it deserved. But she admitted on tape to her daughter—I don't know how they got that tape, it's a great tape—she said, "This is my responsibility." She said, on the day of the Capitol attack, they must have tapes, you know? What did she say?

The J-Sixth Thug Committee—I call it the Non-Special Committee. They call it the Special Committee, I call it the Non-Special Committee, made up of all Democrats and two sick Republicans, Liz Cheney and Adam "Crying" Kinzinger. Every time you talk to him, he cries. He breaks down, starts crying. By the way, these two guys are worse than any Democrat. She was defeated in Congress. Everyone who impeached me was defeated in Congress. One of them, I let it stay there, because you know, we're Democrats.

So, in conclusion, no, I think what happened is terrible because the Non-Special Committee destroyed and deleted every document, because they found out we were innocent, they destroyed it. You know, they deleted everything. They put out a notice, "We've decided to delete it"—just because they found out all the stories, like me attacking the Secret Service in the front seat of the car. One is a judo black belt, the other is a weightlifter, can lift very heavy weights, just like you. In fact, a friend of mine said, let this story continue, it's the coolest story I've ever heard.

But, you know, it's all made up. It's all fabricated. They found out, you know the Secret Service testified—they're great—the Secret Service testified, they said this story is nonsense. They deleted everything. I think they have a problem. I think they have a problem. But, no, I won't. I won't use that as a litmus test. By the way, I've heard it before, but I won't.

22. One last question. People talk about Bidenomics. Please leave us with a few words to describe Trumponomics.

Low interest rates and low tax rates, low taxation, huge incentives, to bring businesses back to our country. If you have to use tariffs and other economic means to do that, that's okay.

We have to do to other countries what they've been doing to us for 50 years, 100 years. We have to bring businesses back to our country.

Thank you, sir. Thank you, Mr. President.

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