Trump has rejected calls to end tariffs on the European Union, leaving Italy's Prime Minister Giorgia Meloni stunned. The two leaders met amid rising tensions over trade policies, with Meloni pushing for tariff reductions as part of an economic breakthrough. However, Trump remained firm in his stance, citing the need to protect U.S. industries and jobs.
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#MeloniTrumpMeeting #TrumpMeloniMeeting #MeloniTrumpTariffs #TrumpUSTariffs #MeloniTrump #DonaldTrump #GiorgiaMeloni #TrumpMeloni #MeloniTrumpNews #TrumpTariffs #MeloniTrumpInWhiteHouse #TrumpTariffsEuropeanUnion #TrumpTariffsEurope #MeloniTrumpEurope #TrumpAndMeloni
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NewsTranscript
00:00Thank you very much, everybody, and I've been briefed on the Florida State University, Tallahassee, active shooting. I guess it's an active shooter. Fully briefed as to where we are right now. It's a shame. It's a horrible thing. Horrible that things like this take place, and we'll have more to say about it later.
00:26In the meantime, it's an honor to have the Prime Minister of Italy with us, Prime Minister Maloney, who's doing a fantastic job. I would say that she has taken Europe by storm and highly respected. Everybody loves her and respects her, and I can't say that about many people.
00:45And she's become a friend, and we really have a great relationship between Italy and ourselves.
00:54And we talked about trade. We talked about many, many things during our luncheon, and she'll be saying a few words, but she's a very special person, and it's nice to have you with us. Thank you very much.
01:07Thank you very much, Mr. President. Thank you for your warm welcome. Thank you for this occasion, which is aimed to strengthen our relation, our friendship that comes from very far.
01:19You know, today is April 17th, and April 17th marks the anniversary of the agreement that allowed Cristoforo Colombo to make his trip.
01:31And I say to remember how ancient our ties, but also to remind that we both shared another fight, which is the fight against the woke and ADI ideology that would like to erase our history.
01:47And as I know that we share lots of things on tackling illegal migration, on fighting against synthetic drugs.
01:59You know, Italy has been one of the nations that made a plan against fentanyl, for example.
02:04But we have been talking about many bilateral topics and things that we can do together, about defense, about economic, about economy, about space, about energy.
02:21Italy, Italy, Italy will have to increase its LNG imports, and also nuclear that we are trying to develop.
02:32I think there can be ways to work together.
02:36And the Italian enterprises will invest, as they've been doing for many years.
02:44Because, as you know, in the next years, I think around 10 billions.
02:48That shows how interconnected our economies are.
02:52And that's very important, Mr. President.
02:54It's not only about Italy.
02:56It's about the entire Europe.
02:58The exchange between us is a very big one.
03:05Investments, trade.
03:07It's a topic that we are discussing in this week.
03:11But at the end of the day, look, somebody calls me, I was saying it before, such a Western nationalism.
03:17I don't know if it is the right word.
03:19But I know that when I speak about West, mainly I don't speak about a geographical space.
03:25I speak about a civilization.
03:27And I want to make that civilization stronger.
03:30So I think even if we have some problems between the two shores of the Atlantic, it is the time that we try to sit down and find solutions.
03:41So I want to thank President Trump for having accepted an invitation to pay an official visit to Rome in the near future.
03:50And consider a possibility in that occasion to meet also with Europe.
03:55The goal for me is to make the West great again.
03:58And I think we can do it together.
04:00We can.
04:02And we will keep on working on that.
04:06I'm going to close.
04:07I want to say only I'm proud of sitting here as Prime Minister of Italy that today has a very good situation, despite the difficulties.
04:18A stable country, a reliable country.
04:21One million more jobs in the last two years and a half.
04:25Great.
04:26Inflation is going down.
04:27So you forgive me if I promote a bit my country.
04:31But you're a businessman and you understand me.
04:34So migration flows going down 60 percent.
04:37So we are trying to do our best.
04:39But I think we can do it even better together.
04:42Also in Ukraine, I will close.
04:44Together we've been defending the freedom of Ukraine.
04:46Together we can build a trust and last in peace.
04:48We support your efforts, Donald.
04:50Good.
04:51Thank you very much.
04:52And I think we're doing well in that effort.
04:54But we want to get it done.
04:56And we'll see if we can.
04:58We want to save.
04:59On average, think of it, every week 2,500 people are being killed.
05:03Mostly soldiers, Russian, Ukrainian soldiers.
05:05And if we can save those lives, that would be a very good thing.
05:10And so we'll see what we can do.
05:11And I think we're getting close.
05:12But we'll let you know very soon.
05:15And you've been very helpful.
05:16I appreciate it.
05:17Any questions?
05:18Mr. President, how much longer does Vladimir Putin have to respond to your ceasefire proposal
05:28before you put secondary tariffs or sanctions on Russia?
05:32We'll see what that will be.
05:34We're going to be hearing from them this week.
05:38Very shortly, actually.
05:40And we'll see.
05:41But we want it to stop.
05:42We want the death and the killing to stop.
05:45Mr. President, on Jerome Powell, you said that the termination of Jerome Powell did not come fast enough.
05:52He says he won't leave, even if you ask him to.
05:54Oh, he'll leave.
05:55If I ask him to, he'll be out of there.
05:57But I don't think he's doing the job.
06:02He's too late, always too late, a little slow.
06:06And I'm not happy with him.
06:09I let him know it.
06:11And if I want him out, he'll be out of there real fast.
06:15Believe me.
06:16Yeah, go ahead.
06:17Go ahead, please.
06:19Question.
06:20Are you trying to rebeam, Mr. President?
06:21Yeah, question.
06:22Mr. President, when you hit Judge Mosberg, in a case against your administration,
06:28so the Constitution does not tolerate a bill for disobedience of judicial order.
06:32Do you agree with that statement?
06:33Well, you're going to have to speak to the lawyers.
06:35We have great lawyers.
06:36I can tell you this, we're doing a fantastic job of getting criminals out of this country
06:41who Biden allowed into the country.
06:44Hundreds of thousands of criminals, murderers and drug dealers.
06:49And I was elected because of the fact, I would say maybe that was the number one fact for a lot of reasons,
06:55the economy, a lot of things.
06:57But one of the primary reasons I was elected is because I said, I'm going to get the criminals that he allowed to come into our country
07:03so stupidly through open borders.
07:06I'm going to get them out.
07:08And I got a lot of votes, record-setting numbers of votes, as you know.
07:13We won everything.
07:14The popular vote, all seven swing states.
07:17We won everything.
07:18And that's what the public wanted.
07:20That's what I'm doing.
07:21But you'll have to speak to the lawyers because it's up to them.
07:24Mr. President, what do you think of the proposal from France and the UK of a peace mission in Ukraine with soldiers?
07:34And do you think that Italy should take part into it?
07:37Well, I think Italy will have to make that determination.
07:39But peace missions are always good with me.
07:42I'm okay with peace missions.
07:43Yeah, please.
07:44We discussed it very briefly.
07:55No, we're doing very well with negotiations, I think, with all countries.
08:00And Scott could tell you a little bit, but we are doing very well.
08:05We have a lot of countries that want to make a deal.
08:08Frankly, they want to make deals more than I do.
08:10Go ahead, Scott.
08:11Would you say something?
08:11Yeah, we've been across this in place.
08:13We're working on the big 15 economies.
08:17We had a fantastic meeting with Japan yesterday.
08:21I believe they've been called with the EU already.
08:24And then we have South Korea coming in next week.
08:27And I believe India is also talking.
08:31That's moving very quickly.
08:35Go ahead.
08:37Well, we have a minerals deal, which I guess is going to be signed on Thursday, Scott.
08:53Next Thursday.
08:55Soon.
08:55And I assume they're going to live up to the deal.
08:59So we'll see.
08:59But we have a deal on that.
09:03No, I have no comment on that.
09:04I have no idea.
09:06That's his statement, not mine.
09:07And they say the attack is what?
09:18That you waived off an Israeli plan to attack Iranian nuclear facilities.
09:23I wouldn't say waived off.
09:24I'm not in a rush to do it because I think that Iran has a chance to have a great country
09:29and to live happily without death.
09:34And I'd like to see that.
09:35That's my first option.
09:37If there's a second option, I think it would be very bad for Iran.
09:43And I think Iran is wanting to talk.
09:47I hope they're wanting to talk.
09:48It's going to be very good for them if they do.
09:50And I'd like to see Iran thrive in the future, do fantastically well.
09:55I know the Iranian people, they're incredible people, always have been very smart, very energetic,
10:02very successful people.
10:04And I don't want to do anything that's going to hurt anybody.
10:08I really don't.
10:09But Iran can't have a nuclear weapon.
10:11It's, you know, pretty simple.
10:13It's really simple.
10:14We're not looking to take their industry.
10:18We're not looking to take their land.
10:20We're not always saying is you can't have a nuclear weapon.
10:23And the deal that was made, the deal that was made with Obama,
10:28that deal would have expired already.
10:30It was a terrible deal.
10:31It would have expired.
10:33And that gave them a clear path to a nuclear weapon.
10:36I wouldn't have accepted.
10:38That's why I terminated the deal.
10:39Number one, it was way too short.
10:41You know, when countries are involved, you don't make short-term deals.
10:45These are countries with long lives.
10:47And I terminated that.
10:50And it was a great termination because it didn't allow us to do anything.
10:54Once it terminated, you know what the deal was.
10:56It was a terrible deal.
10:57Really.
10:58One of many terrible deals made by the U.S.
11:01But, no, I want, I'd like to see Iran thrive.
11:05And they can do that, I think, very easily.
11:09Or they can do it the other way.
11:11The other way is not going to be good for them.
11:13It's going to be really bad for them.
11:15President Biden.
11:17What do you make of the media CEO going to China and that was trade officials there?
11:23Well, Jensen's an amazing guy.
11:25He's become a friend of mine.
11:26And, I don't know, he's a person that's very proud of our country.
11:31He loves our country.
11:31I'm not worried about Jensen at all.
11:33Mr. President, if you're holding you in contempt, will you take steps to return Kilmar Abrego
11:41Garcia to the United States and prove in front of a judge?
11:44Well, I'm not involved in it.
11:46I'm going to respond by saying you'll have to speak to the lawyers, the DOJ.
11:50I've heard many things about him and we'll have to find out what the truth is.
11:58But I will say this, you know, we're, we were inundated by millions of people, many millions
12:05of people during the Biden administration.
12:07They say 21 million.
12:09And a big percentage of those are criminals, serious criminals.
12:14I'm not saying just criminal because they came into the border illegally.
12:17I'm saying they're criminals at the highest level, murderers.
12:22Many of those people murdered more than one person and they're on the loose.
12:27And I was elected to get rid of those criminals to get them out of our country or to put them
12:32away, but to get them out of our country.
12:35And I don't see how judges can take that authority away from a president.
12:39We've done an amazing job.
12:41Tom Altman, Kristi Noem, we have done an amazing job.
12:45Nobody can believe the job we've done.
12:47Far greater than what I said.
12:49I mean, I got elected on that, but we've done much better.
12:51We have right now 99 percent border.
12:54It's a 99 percent.
12:55Nobody thought that would even be.
12:56But nobody's coming through our border practically.
13:00Two weeks ago, we had nine people come through all for medical reasons.
13:03We allowed them.
13:04We brought them through because one had a heart attack.
13:07One had something else.
13:09All for medical reasons.
13:11We have a great border.
13:12We had a great border four years ago, but we have a border now that's even tighter.
13:17And we did that in a matter of weeks.
13:19And, you know, we have to we need we need to get murderers and drug dealers and people that were in jail for horrible.
13:30You know, they released jails, Georgia, from all over the world and released them not just South America, all over the world, the Congo and Africa.
13:39Many, many, many people come from the Congo, I don't know what that is, but they came from the Congo and all over the world.
13:46They came in, opened their jails, Venezuela, practically all of their prisoners released into our country.
13:52We took them because we had an incompetent administration called the Biden administration.
13:58And to think what they've done to our country.
14:02And I was elected to straighten that out.
14:05And I'm doing that.
14:07But we have activist judges that don't want murderers to be sent out of our country.
14:12They don't want killers and drug dealers and drug lords and people from mental institutions.
14:18They want them to stay in our country, I guess.
14:20I don't know.
14:21Maybe that's the liberal way or as they call it nowadays, the progressive way.
14:25But I don't think it's the way that our country believes.
14:29And that's why I won in a landslide.
14:31Okay.
14:31Back on screen, Mr. President, you did say that you were confident these deals will be done.
14:38But you also said that you're in no rush.
14:40Americans are seeing prices rise.
14:41They're seeing it on their bills.
14:43How long can they expect that pain to last?
14:46So they've already seen it get much better.
14:50Because if you were truthful, which you're not, you know, I know you very well.
14:54You have gasoline that hit $1.98 yesterday in a couple of states.
15:01You have gasoline's way down.
15:02The price of oil has dropped substantially.
15:06The price of groceries are substantially down.
15:10The price of eggs.
15:12You know, when I came in, they hit me with eggs.
15:15I just got there.
15:16I was here for one week and they started screaming at me, eggs have gone through the roof.
15:20I said, I just got here.
15:22I was there for seven days and I hear that eggs have gone through the roof before I got there.
15:27And they were screaming at me, the press, the fake news, like you, you're fake.
15:31And the fake news is screaming at me, like, about eggs.
15:35I said, I've only been here.
15:36I just, this is my seventh day.
15:38And they were right.
15:39They went up 87 percent and you couldn't get them.
15:42They said, you won't have eggs for Easter, which is coming up.
15:45Happy Easter, everybody.
15:46You won't have eggs for Easter.
15:48And we did an unbelievable job.
15:50And now eggs are all over the place.
15:52And the price went down 92 percent.
15:55And our commissioner of agriculture, Brooke, has done a fantastic job.
16:02Didn't really have done a fantastic job.
16:03So prices have gone up.
16:04The only thing that's gone up, actually, is interest rates, because we have a federal reserve chairman that is playing politics.
16:13Somebody that I've never been very fond of, actually.
16:16But he's playing politics.
16:19Interest rates should be down now.
16:20They should be coming down.
16:22In Europe, as you know, they reduced them, I guess, seven times.
16:26It looks like they're going to reduce them again and again and again.
16:29But our guy wants to play cute.
16:32But interest rates are pretty much even.
16:36Maybe they went up just a slight bit.
16:38But that's the only thing.
16:39But that's because of the federal reserve, because they're not very smart people.
16:43Do you regret nominating him?
16:45Do you regret nominating him?
16:45Go ahead.
16:47Yes, sir, please.
16:48Go ahead, please.
16:49Do you regret nominating him?
16:51Jerome, how?
16:53Look, in the first four years, we had the greatest economy in the history of our country.
16:58The stock market went up 88 points.
17:01I think he's terrible, but I can't complain, because we had the most successful administration economically in the history of our country.
17:08I think we're going to do even better this time, because you will see that the numbers that we're taking in are astronomical.
17:16We're taking in tremendous amounts of money with the tariffs.
17:20We were treated very unfairly on trade.
17:23And countries are having a hard time getting used to the fact that they can't do that to us anymore, because we have a real president.
17:30We have a president that understands what it's all about.
17:34We had presidents that, in some cases, were smart, but they didn't understand business, or they didn't like business, or, you know, it wasn't like a priority.
17:44And then you had, like, the last administration, the only thing they were good at was cheating in elections.
17:48That's about all they could do.
17:49They couldn't do anything.
17:50They were useless.
17:51They were incompetent.
17:52Worst administration in the history of our country.
17:55Worst than Jimmy Carter.
17:56Jimmy Carter died a happy man.
17:58You know why?
18:00Because he wasn't the worst president.
18:01Joe Biden was—so I think you're going to see some fantastic numbers where this all happens.
18:09It's happening now.
18:10I mean, everybody wants to make a deal.
18:12And if they don't want to make a deal, we'll make the deal for them, because that's what's going to happen.
18:17We'll just say, this is what it is.
18:19But we want to listen to everybody.
18:20I think I can say for Scott and the other people that are working on it that we're listening, and we're going to be very fair to people.
18:34But, you know, we're the one that really sets the deal, and that's what we'll be doing.
18:38Okay?
18:40Go ahead, please.
18:41A question to our prime minister.
18:46Oh, you have a great prime minister.
18:47You're so lucky.
18:48In italiano?
18:50Oh, yes, that's right.
18:51Okay.
18:51I'm not sure they do agree.
18:52President Meloni, I want to know what you think of the fact that President Trump has considered responsible Zelensky for the war in Ukraine.
19:01And then, if you have talked about the spending military, what is the maximum limit that you have said that you can arrive in Italy, the percentual of the spending military?
19:09We've talked about the maximum limit that you can arrive in Italy.
19:12We've talked about the fact that Italy is maintaining its goals, because it will arrive at the next level of the NATO, with the 2% that was already previsto, that was already been said, because we're a nation serious, but we haven't talked about how much this percentual is, even if we're aware that the defense is a particularly important issue in this time.
19:36I think that the war in Ukraine, as well as I think, I think that there is an invasion and that the invasore, from that point of view, was Putin and Russia, but it's not what we're talking about today.
19:50What we're talking about today is that we're working together, we're working together, we're working together to try to achieve in Ukraine a peace that can be giusta and duratour.
19:59I think that these are the efforts on which we share our work, and we share our work today, we're working together today.
20:06That sounded absolutely... that was so beautiful. What the hell was that? What did she say, please? No, I mean it sounded great. It was beautifully presented, but maybe I could hear what she said.
20:26Please, guys. Please, guys. Hold it, hold it. Have some respect, please.
20:34Thank you. No, no, wait. I want to hear what she said. Go ahead, please.
20:40Yeah, President, Prime Minister Maloney was asked whether, what she thinks about the fact that President Trump holds Zelensky responsible for the war in Ukraine,
20:52and Prime Minister Maloney answered, well, actually, we have, no, and also if you talked about the military spending,
21:07how, and the raising of the military spending, and the first thing President, Prime Minister Maloney said is that,
21:14no, actually, we didn't talk about the raise of military spending. Of course, Italy will keep its commitments with 2%,
21:22and then we will see, because we are absolutely aware of the fact that it is very important to...
21:28Well, I will do that.
21:29...defence is very important.
21:30Wait, wait, wait. I will do that. They've been asking if we raise, if we decided another defensive percentage about the defense spending,
21:39and I said, yes, NATO, and I said that Italy is reaching the 2% as it was already decided.
21:46We didn't speak about the specific other percentage, but we are aware of the fact that defense is important for the future,
21:55and we see also the work that we are trying to do at the European level.
22:00And I don't hold Zelensky responsible, but I'm not exactly thrilled with the fact that that war started.
22:10That was a war that would have never started if I were president.
22:13You'd have millions of people living right now that are dead.
22:17You'd have cities that would be open and thriving, and they'd have their beautiful terrorists.
22:21Those terrorists are the most beautiful in the world, but they're not with us any longer.
22:25They're smashed to smithereens, laying on the ground in a million pieces, getting hit by rockets, bombs, and bullets.
22:34And so I'm not happy with him, and I'm not happy with anybody involved.
22:39I think it's a war. I know it's a war. It didn't happen for four years.
22:43It was never close to happening. It was never even a thought.
22:46And I spoke to President Putin about it a lot. It was the apple of his eye,
22:50but there's no way he would have ever gone in if I were president.
22:53Now I'm trying to get him to stop because, as you know, Russia's a lot bigger.
23:00It's a bigger military force.
23:03And if you're smart, you don't go involved and get involved in wars that you can blame the man
23:11that was sitting in this seat, Biden. He didn't know what the hell was going on.
23:15But I can guarantee you that, and everybody agrees to it,
23:18if I were president, that war would have never taken place.
23:21I'm not blaming him.
23:22But what I am saying is that I wouldn't say he's done the greatest job, okay?
23:28I'm not a big fan. I really am. I'm not a big fan.
23:35Go ahead. Go ahead.
23:38Go ahead.
23:39Mr. President, are you sure about the definition of parasite of urine?
23:52Would you say again that the European parasite is never said?
23:56Would you say again that the European...
23:58You said that the Europeans are parasites?
24:00Yeah.
24:00Have you seen it?
24:01No. I haven't said it.
24:02I don't even know what you're talking about.
24:06Go ahead, please.
24:08Go ahead.
24:10No, no. Wait. Wait. Next. Next. Next. Go.
24:14Fred Nassimili just said we want to make Europe great again.
24:19And we want to do it together.
24:20Together we're going to be in the West.
24:21Did you, I guess, that's what you said, Mr. Prime Minister, how are we going to do that?
24:28And are you looking to do it, to counter China?
24:31Who is really trying to gather influence against the United States?
24:37What the hell are those choices?
24:38I hope that Europe is going to be great again.
24:41Europe has gone through a lot of problems, and a lot of it's having to do with immigration.
24:45And I'm not a big fan of Europe and what they've done with immigration at all.
24:50And I think they've got to get smart, because Europe is being very badly hurt by what they've done with immigration.
24:57Now, I'll say this, that the Prime Minister has taken a very tough stand on immigration.
25:04And I commented to her before.
25:06I said, I wish more people would be like you, having to do with that subject.
25:09But they're not.
25:12Europe is very important to me.
25:14Europe is very important to the world.
25:16I want Europe to do very well.
25:17I think they have to get a lot smarter on immigration.
25:21But we are beginning to do it.
25:23You've seen, you've all seen how the policies of the European Union in the last, let's say, two and a half years have been changing.
25:31Okay, at the beginning we were talking only about how we were redistributing illegal migrants coming to Italy.
25:37Now we are talking mainly about how to stop illegal migration, work with the countries of origin and transit, and to return people.
25:46The European Commission just did the new rules about repatriations and things like that.
25:53So things are changing.
25:55Thanks also to the example that Italy brought in lowering the rates of illegal migration.
26:03So they, we are working now together.
26:06So I'm optimistic on that.
26:08Go ahead, I hope so.
26:11Go ahead, please.
26:12Go ahead.
26:13I'd like to ask, I'd like to ask, President Lonnie, if you have discussed the option of Starlink here with the value of supply communications,
26:22and to President Trump, if you want to see the Google company.
26:27The Google what?
26:28The Google company.
26:30What about it?
26:30The Google business.
26:31Yeah.
26:33Go ahead, please.
26:34Oh, well, we didn't discuss about Starlink.
26:38We've been discussing about defense space.
26:42We will work together also in the Mars missions.
26:47So there are big, big things to do together, but we didn't discuss it.
26:51Are you taking your conversation with the Prime Minister that changed your mind potentially about tariffs and what you plan to do going forward?
27:01No.
27:01I think the Prime Minister said to you that changed your perspective.
27:04No, tariffs are making us rich.
27:06We were losing a lot of money under Biden, trillions of dollars, trillions on trade.
27:13And now that whole tide has turned.
27:17We're making a lot of money.
27:19We're taking in a lot of money.
27:20Don't forget, we're taking in 25 percent on cars, 25 percent on steel, 25 percent on aluminum, 10 percent baseline.
27:28We put penalties on China for sending us fentanyl.
27:31We put penalties on Mexico and Canada, 25 percent for allowing fentanyl and allowing the borders to be weak.
27:42Now, we're taking in billions and billions of dollars while I sit here and talk to you.
27:47And we didn't do we didn't take in anything before other than the tariffs that I put on previous to Biden, which were the tariffs I put on China, where we took in up until this point, probably seven hundred billion dollars.
28:01They were Trump tariffs.
28:02He tried to weaken them.
28:04He did everything he could.
28:06You know, he got paid money by China, right?
28:07The family got paid money.
28:09He did.
28:10And so I don't know, maybe that was the reason or maybe it wasn't.
28:14But he tried to weaken them, but he couldn't because it was so much money that his budgets, you know, they couldn't stand not doing it.
28:22But I took in in the up till this point, my tariffs on China.
28:29Nobody ever took in 10 cents from China.
28:31No other president took in 10 cents.
28:33I took in more than 700 billion dollars from China.
28:36So we're we're doing very well.
28:39I mean, our country is doing very well.
28:41They had a bad report today from one of the health care companies that had an impact on the stock market.
28:48But this is about that.
28:50This is really we're building a base.
28:52We're building a country like no other.
28:54And again, I think I had the strongest economy in the history of our country by far.
28:59History of any country, probably.
29:00But the history of our country in four years.
29:03And I think this has a chance to be much better.
29:05I don't know exactly.
29:17I'm going to leave that to Scott.
29:18What do you think?
29:19Where would it be signed and when?
29:21We're still working on the details.
29:22We're shooting for around April 20th.
29:24Is there any more detail that you could tell us about what's in that deal and how it came together?
29:29It's substantially what we agreed on previously.
29:33But the president was here.
29:35We had a memorandum of understanding.
29:37We went straight to the big deal.
29:40And I think it's an 80-take agreement.
29:43And that's what we'll be signed.
29:44Well, I think he should do the rate cuts because I think if Europe has done it, it puts us at a disadvantage to Europe.
30:04I mean, he plays right into their hands.
30:07So I think he should do the rate cuts.
30:09We don't have really inflation now.
30:11I just said the major things are going down.
30:14Oil is great.
30:16Oil is way ahead of schedule.
30:18And that's because of our policies.
30:20But oil is down into the $60, $65 range now per barrel.
30:26And I told you in certain states we have less than $2 for gasoline.
30:32And food is down.
30:35Groceries, as we call it, are down.
30:37Other than interest rates, everything's down.
30:41Interest rates are pretty flat.
30:42It's not that they're up.
30:44But we should be better than flat.
30:46If he would lower the interest rate, I think it would have a good impact on that, too.
30:50But the costs are down.
30:53We have very little inflation.
30:54I would say we have essentially no inflation.
30:56Hard to have inflation when oil goes down.
30:58And oil goes down.
30:59When Biden came in, oil went through the roof.
31:03That's what caused our problem.
31:04That and his very dumb spending.
31:07But when the oil prices go down, and they have gone down a lot.
31:11We've gotten it down really good.
31:13We've opened it up and we've gotten them down.
31:15And that means that people driving cars are going to be paying $2 and $2.50 instead of $4.50.
31:23And, you know, even at the end, they tried just for the purpose of the election to get it down.
31:29But they had really lost that sucker.
31:32That was really—it was not good.
31:34But if they had won, oil right now would be at $7 or $8 because of their policy.
31:42And we're going to be at about $2.
31:44Could be even a little bit less than that.
31:46And you're starting to see it.
31:48So I don't know how you can have inflation when oil has come down quite a bit.
31:52And I would say the Fed really owes it to the American people to get interest rates down.
32:00That's the only thing he's good for.
32:01And he would have an effect on that if he lowered them.
32:05And I think at some point he will.
32:08He's going to have a lot of political pressure.
32:10You know, they are political also.
32:13And I think there's a lot of political pressure for him to lower interest rates.
32:17Okay?
32:21Yeah, go ahead.
32:22Please.
32:23Do you think that Italy can be your best alive in Europe?
32:26And also, we are unnoticed when we're working with the finance.
32:29Only if the prime minister remains a prime minister can it be our best.
32:35She's doing a great job.
32:37And, yeah, certainly one of our great allies.
32:41Not just in Europe, anywhere.
32:43She's a fantastic person and doing a great job.
32:46And our relationship is great.
32:49And we have a lot of Italians in this country.
32:52I tell you.
32:53And they like Trump.
32:54And they voted for Trump.
32:56Thank you very much, everybody.
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