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Home » Transcript of President Trump Remarks At Bill-Signing Ceremony – June 12, 2025

Transcript of President Trump Remarks At Bill-Signing Ceremony – June 12, 2025

The following is the full transcript of President Trump’s remarks at the Bill-Signing Ceremony where the president signed a bill that blocks a California rule that sought to ban the sale of new gas-powered vehicles by 2035. (June 12, 2025). After the president’s remarks, there is a Q&A from the reporters.

Listen to the audio version here:

Opening Remarks and California Auto Regulation

PRESIDENT TRUMP: This is fantastic. I didn’t think we were going to see this coming for a while. Congratulations. This is a very, very important thing. Thank you very much, everybody. This is a very important thing we’re going to be discussing. Please sit down.

Thank you very much. This is good news, indeed. People said it couldn’t be done. You got it done. I just have to sign, right? That’s very good. This is really something. And it has to do with the California Auto Regulation, CRA. It’s been a disaster for this country. And I want to thank everybody for being here.

We officially rescue the U.S. auto industry from destruction by terminating the California electric vehicle mandate once and for all. Thank you. They said it couldn’t be done. Boy, it’s been, it’s had us tied up in knots for years. And they’d pass these crazy rules in California and would it would be 17 states would go by him. The automakers didn’t know what to do because they’re really building cars for two countries. When you have 17 states, you’re building cars for two countries.

And I want to congratulate you all, the Senate, the House, the whole thing. It’s incredible. I was going to sign a executive order and give it a shot. But the one good thing with this number one, it holds up forever. And number two, unless somebody votes it out, they’ll never do that. And it’s just so much better. So much better. That’s so great. Very proud of you.

Acknowledgments and Introduction of Officials

We’re joined today by the great speaker of the house. I think he’s going to go down as a great speaker of the house. I may be wrong. I may be wrong. I may be wrong. Who knows? Who the hell knows? I think he is. And he’s doing something. The only thing I would say is more important than this one. And I’ll tell you what, it’s almost close. That’s how big this is today. But the great, big, beautiful — I added the word great, you know, I used the word — the great, big, beautiful bill. It’s going to be one of the most — I said it this morning to a group, I think it’s the most important — one of the most important pieces of legislation ever signed, ever approved. So it’s going to be something very special. Thank you very much. Speaker of the House Mike Johnson, thank you.

Secretary Sean Duffy. And they had a problem in India today, and you’re on that. Sean’s doing a tremendous job. Secretary Chris Wright. Everybody said you’d never be able to get him. He’s the most talented man, they say, in the oil and gas industry. I’ll let you know in about two years if that’s true.

Well, Doug Burgum — you know, I wanted Doug Burgum to head up energy because he was so successful at North Dakota. He’s governor. And he said, sir, there’s one person who’s much better than me. I said, who? They said, Chris Wright. I said, who the hell is Chris Wright? I had no idea. Now everyone knows Chris Wright. He’s going to be more famous than me. But he said, there’s a guy named Chris Wright, and if we could get him, he’d be better than I am, sir. And if you know Doug — Doug’s not here, is he? If you knew Doug, you’d know that he’s always working someplace. But if you knew Doug, you’d know that he doesn’t say that often. And he did. And, Chris, you’re doing great.

Discussion on Oil Prices and Inflation

And — but I don’t like — the oil prices have gone up just a little bit over the last few days, I was going to call it. It just really starts screaming at you. Are we OK? Nothing wrong, right? It’s going to keep going down a little bit, right? Because we have inflation under control perfectly. You probably saw the records. Everyone’s on television saying, what’s going on here? Trump has proven to be right. You know, all of these things. We’ve taken in $88 billion in tariffs in two months. $88 billion with no inflation. And if we’re smart, there won’t be.

Now I would like to get this guy to lower interest rates because, you know, if he doesn’t, we have to pay — we have a lot of short-term debt. Obama gave it to us originally, and Biden carried it on. They like short-term. I like long-term, cheap debt. But a lot of the debt comes through because Biden — that’s what — oh, he didn’t do it. I’m sure he didn’t know anything about it. But somebody approved short-term debt. It’s all over the place. And it comes due starting very soon.

And if we would lower the interest rates by one point, we’d pay about one point less. That’s $300 billion a year. Can you believe it? One point. If he’d lower it by two points, we’d pay $600 billion a year less. That’s for years — 10 years, 12 years, whatever we make it. But we can’t get this guy to do it. And the fake news is saying, oh, if you fired him, it would be so bad. It would be so bad. I don’t know why it would be so bad, but I’m not going to fire him. I just want him to — you know, we call him too late, right? Too late is his nickname. Like Too Tall Jones. He was too tall, T-O-O.

Interest Rates and Economic Policy

And I just say this because we want to get rid of inflation, and we have.