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Transcript of Trump Remarks on Russia, Ukraine War, Tariffs & Jobs Report

Read the full transcript of President Donald Trump’s press conference on Russia, Ukraine War, Tariffs & Jobs Report from the Oval Office, [March 7, 2025].

Listen to the audio version here:

TRANSCRIPT:

Opening Remarks and Jobs Report Discussion

[PRESIDENT TRUMP:] November 5th. So a lot of these people, they listen to us speak and they say, well, I’m gonna gear up and they’re gearing up. And so they’ve been gearing up. They’ve had a little time. It’s not just five weeks, it’s five weeks plus a few months. And they put it into effect pretty quickly. They have confidence that what I’m saying is gonna happen.

So with that, I’d like to ask a highly respected gentleman, Kevin Hassett, he’s been with us for a long time and he’s been right about a lot. We had the greatest economy in history in the first term and Kevin was a big part of it. So Kevin, could you maybe give a little description, please?

[KEVIN HASSETT:] Thank you very much, Mr. President. I think that the three things that you emphasized during the campaign is that you wanted to create domestic high-paying manufacturing jobs, that you wanted to end wasteful government spending and reduce the unproductive government workers. And in fact, at least move them into the private economy where they could be more productive and to create jobs for Americans.

A lot of people said that if you deported illegals, employment would go down because no Americans would take those jobs. And if you look, 280,000 American-born folks were hired, manufacturing jobs are going up. And this is just out of the expectation of your future policies, really, sir. It’s in April when your Reciprocal Trade Act is expected to happen, the tax cuts haven’t passed yet. And so people are clearly expecting the golden age.

And if you wanna forecast the future numbers, everybody, just keep in mind that President Trump has already gotten us 1.7 trillion in commitments of new factories.