President Donald J. Trump
The White House
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On CNBC, President Trump Touts Historic First Six Months

The White House

This morning, President Donald J. Trump joined CNBC’s Squawk Box for a wide-ranging interview on the massive victories for the American people so far in his second term — including his unprecedented success revitalizing the economy, securing fair trade deals, restoring public safety, and more.

Here’s what you missed:

  • President Trump outlined his historic trade deals: “We’re taking in trillions of dollars… If you look, Japan — we’re taking in $550 billion, and … that’s OUR money. It’s our money to invest as we’d like. European Union — $650 billion… and they’re going to buy $750 billion worth of our energy.”
  • President Trump touted his Most Favored Nation drug pricing plan: “For 30 years, Europe has had drug prices that are, in many cases, one-tenth the cost of drugs here… We’re not going to pay ten times more for a pill than they pay in Europe, and that’s going to have a tremendous impact.”
  • President Trump lauded the drop-off in foreign-born workers since he took office: “That’s a great number, by the way, because it means we’re putting AMERICANS to work.”
  • President Trump weighed in on interest rates: “I wanted [rate cuts] a long time ago. Jay Powell is highly political… Jerome ‘Too Late’ Powell. He’s too late, always. He always has been — except when it came to lowering interest rates before the election.”
  • President Trump previewed forthcoming tariffs announcements: “Within the next week or so, we’re going to be announcing tariffs on pharmaceuticals… We want pharmaceuticals made in our country.”
  • President Trump lambasted big banks for discriminating against conservatives: “They discriminated against many conservatives.… I believe what they did is they went to the regulators.”
  • President Trump praised Secretary of the Treasury Scott Bessent: “He’s doing a really good job. We made the greatest trade deals in the history of our country. We had to because we were being ripped off by the world.”
  • President Trump described discussions with China: “I’ll end up having a meeting [with China] before the end of the year, most likely, if we make a deal… We’re getting very close to a deal.”
  • President Trump commented on the Bureau of Labor Statistics under the former Biden-appointed Commissioner: “The numbers were rigged. Biden wasn’t doing well; he was doing poorly. They announced these phenomenal numbers… then they did the biggest revision, I think in history, of almost 900,000 jobs… They gave phony numbers.”
  • President Trump detailed trade discussions with India: “We do very, very little business with India because their tariffs are so high — so India has not been a good trading partner because they do a lot of business with us, but we don’t do business with them. So, we settled on 25%, but I think I’m going to raise that very substantially over the next 24 hours because they’re buying Russian oil. They’re fueling the war machine.”