EDITOR’S NOTE: President Trump held an event at the White House on September 4, 2026, with farmers and ranchers from across the country to announce two executive orders aimed at the meat processing industry. The orders would allow ranchers to process their own meat and sell it directly to consumers, and would authorize ranchers to protect livestock from predatory Mexican gray wolves. Secretary of Agriculture Brooke Rollins, American Farm Bureau Federation President Zippy Duvall, and several ranchers from Wisconsin, Arizona, Washington State, and South Dakota joined the president, followed by a press Q&A covering topics including Iran, Russia-Ukraine, China, interest rates, and the economy.
TRANSCRIPT:
Opening Remarks
PRESIDENT TRUMP: Well, thank you very much, everybody. This is a very important meeting with a great group of people, farmers and ranchers mostly. And today, I’m thrilled to announce that my administration has taken historic action to help our nation’s great cattle ranchers and deliver American meat processed to the highest standard. And any there will be no standard higher in the world and sold at the lowest prices directly to the consumer. Ranchers and farmers have always been a number one priority to me.
I was they like me and I like them. Based on the results in the election, they like me a lot, and I like them a lot. They work hard. They’re smart. They’re efficient, and they are very clean people.
They’re immaculately clean. That’s what we’re talking about. But for years, I’ve heard that they have a problem with the big processes. You have basically four massive companies that process the food, and they have bring it to these processes, and it’s a monopoly, I would say. So I’ve heard all about it.
I’ve been listening to it, the big processes, and they say they’re a very nasty group, very difficult to deal with, and they cost our farmers a lot of money, they cost our ranchers a lot of money, and they cost the public a lot of money and grief. And we’re not going to let it happen any longer. So this is something that nobody thought was ever going to be done. And I have often asked over the last few weeks, I decided to do this, why didn’t other presidents do it? And people just said they just didn’t do it.
Announcement of the Executive Order
But I always hear it’s one of the biggest problems that the ranchers have and farmers have. So for the first time ever, we’re going to give farmers and ranchers the right to process their own food. That’s a big announcement. That’s a big announcement. We’re creating a program where small and medium sized and large ranchers can sell their products directly to consumers so that they don’t have to go through the big four processes and middlemen.
They’re not going to be happy when they hear this. I don’t know who they are, but they’re going to be coming at me at different angles. Will you people please protect me? I’m going to need protection from my NFL guy over there. But, it’s true.
They’re going to be very upset about this because they make a lot of money. We’re streamlining all health and safety regulations to make it easy and safe. The cattle ranchers and the farmers, you know, they’ve run great operations, clean operations, but then they have to go through hell. And we’re going to have very strong safety inspections as you can imagine. But, we’re going to have them process their own food if they want.
They can go through the other places if they still exist. I don’t know if they’re going to exist any longer, frankly. But people have been asking for this change for decades, and we’re getting it done. This is the largest ever government effort to change all federal rules and regulations necessary to support our ranchers and our farmers. And I want to thank Secretary of Agriculture Brooke Rollins, and all of the people that we work with, including Zippy Duvall, who’s been a friend of mine for a long time.
Zippy. Right?
ZIPPY DUVALL: I got your back, Mr. President.
PRESIDENT TRUMP: Did you ever think you’d see the processing thing done, Zippy? Yes.
ZIPPY DUVALL: Uh-huh. Yes, sir.
PRESIDENT TRUMP: I especially want to thank the farmers and ranchers who feed our nation from the Great Plains of Texas and South Dakota to the farms and cattle country of California, Arizona, Ohio, a lot of other areas. Under the last administration, American agriculture was decimated by crippling inflation and radical left environmental regulations. They wouldn’t let our farmers, our ranchers breathe.
Farm Economy Under Previous Administrations
Tens of thousands of farms and ranches went bankrupt. They went out of business. Their kids were devastated. The families were devastated under Biden, and they did badly under Obama too. Our cattle herd fell to 86 million, the lowest level in seventy-five years.
We’re building it up now, but it fell all the way down to 86 million, way, way below what it was during my administration. At the same time, the livestock industry has been ripped off by a meat packing monopoly, which we’re probably taking care of, I think, pretty well today, driving down what ranchers earned. They were charging them numbers that were unsustainable. And 2023, if you take a look at it, the worst farm year in the history of our country, they’re saying, where they lost $90 billion was in 2023. And, it was they say, what do I know, a year like no other.
Was it a tough time. Right? Tough time. But under the Trump administration, all of that is changing. We cut crop insurance premiums by more than $400 million.
We eliminated the death tax — when you die, you leave your farm to your children, you don’t have a tax to pay. Saving 2 million family farms.
Kids. Thank you. If you like your kids, you live — but if you don’t like them, then you don’t care about what I just did. But we have it in the big bill. How big is that?
Right? No — yeah. No estate tax for the kids. That’s right. Right?
UNIDENTIFIED SPEAKER: Four kids would love the opportunity —
PRESIDENT TRUMP: Now they don’t have to go borrow a lot of money and then go bankrupt. Right? And lead a miserable life. They have no more estate tax to pay. So, and it’s my honor.
That was a terrible thing, especially for the farmers because, you know, they’re sort of rich and cash poor. You have that beautiful land. You want to keep it, but it’s not necessarily the cash to go along with it. You don’t have to worry about it. So you’re saving millions and millions and billions, frankly, of dollars.
We reduced the drought threshold by half so that ranchers can get federal support sooner. We cut taxes on the average farm household by $2,300, and in some cases, many thousands of dollars more than that. $7,800, $9,000. And my administration’s negotiated more than 20 trade deals, opening up tens of billions of dollars in new market access for our farmers. We’re getting tremendous trade deals done.
Trade Policy
And in some cases, they’re doing them because we use the threat of the possibility of tariffs. Or the ultimate threat, the really big threat, is we’re not going to do business with you anymore if you don’t take care of our farmers. We have that right. We won that right. We had that right always, but it was reaffirmed by the Supreme Court’s decision on tariffs, which was an unfortunate decision.
But the positive — maybe better than tariffs — is if a country treats us badly, we have absolutely no obligation to do any trade with them at all. So as part of those negotiations, if we want to even negotiate, we take care of our farmers. In addition to the order to allow farmers to process their own food, I’m also signing an order authorizing ranchers to protect rural communities and cattle herds from predatory Mexican gray wolves, which are costing them tens of millions of dollars and endangering not only herds but people.
The Mexican Gray Wolf Problem
So the Mexican gray wolf — anybody have a problem with the Mexican gray wolf? Here, big problem.
How — where are you from?
RANCHER (ARIZONA): Arizona, sir.
PRESIDENT TRUMP: And is that a very fertile area for the gray wolf?
RANCHER (ARIZONA): That’s where they’ve released a lot of the Mexican gray wolves, Arizona and New Mexico, sir.
PRESIDENT TRUMP: Who released them?
RANCHER (ARIZONA): It was during the Bill Clinton administration. Mr. Babbitt was Secretary of the Interior and he oversaw —
PRESIDENT TRUMP: Not a great idea. Right?
RANCHER (ARIZONA): No, sir. Although they are beautiful looking.
PRESIDENT TRUMP: Right. But you don’t think they’re beautiful, do you? Well — and what do they do? Rip your herds apart?
RANCHER (ARIZONA): They will kill your livestock.
PRESIDENT TRUMP: They will kill your dogs, your horses. What about a person?
RANCHER (ARIZONA): It has happened in the history.
PRESIDENT TRUMP: Yeah.
RANCHER (ARIZONA): If they want to, they will, but they tend to live alone.
PRESIDENT TRUMP: Right? My great-grandmother had an incident, but that was over a hundred years ago before they — but they do kill pets and things like that?
RANCHER (ARIZONA): Yes, sir. Dogs.
PRESIDENT TRUMP: And they’re very violent.
RANCHER (ARIZONA): Yes, sir.
PRESIDENT TRUMP: And so the problem is because they’re on the endangered species list, they can’t shoot them. They have to sit and watch them destroy their herd. But you can shoot them as of today?
RANCHER (ARIZONA): Well, we’re — yeah.
PRESIDENT TRUMP: That, Secretary Burgum has to do it.
RANCHER (ARIZONA): Can imagine.
PRESIDENT TRUMP: Yes. Oh, they’re destroying these businesses.
RANCHER (ARIZONA): That’s right. And nobody’s allowed —
PRESIDENT TRUMP: You watch them go right through your herd, and you’re not allowed and they’re violent. Right?
RANCHER (ARIZONA): That’s right. It’s a violent situation. Cost people millions and millions of dollars.
PRESIDENT TRUMP: And you’d be fine if you were — but you’re not allowed to protect yourself. Right? Or your company, your cattle, you’re nothing.
RANCHER (ARIZONA): Nope.
PRESIDENT TRUMP: So how do you like the idea that I’m letting you do that?
And that will totally solve the problem. Right?
RANCHER (ARIZONA): Well — no, I mean, you’re gonna — yeah.
PRESIDENT TRUMP: But you’ll be able to protect your herd.
RANCHER (ARIZONA): Yeah. And right now, you cannot do anything at that time. Not a lot of places. Well, it’s illegal. Right?
PRESIDENT TRUMP: Right. It’s incredible. So where are you from?
RANCHER (WASHINGTON): Washington State.
PRESIDENT TRUMP: And how bad is the problem up there?
RANCHER (WASHINGTON): Well, it is really bad. We —
PRESIDENT TRUMP: So which area is the worst?
RANCHER (ARIZONA): So Arizona, Washington. I’m not so sure — in our area, it’s the Canadian gray wolf, and I don’t know, I think it’s all the same one.
PRESIDENT TRUMP: So let’s give it back to Canada. We would love it.
RANCHER (WASHINGTON): We would love — you know, we’ve seen it take hundreds of family ranches and just they’re just gone.
PRESIDENT TRUMP: And they would be able to protect if they had the right to shoot them. But they’re not the Canadian wolf, they’re not allowed to shoot that one?
RANCHER (WASHINGTON): Nope. Nope. In our region, we are federally delisted, and the state of Washington has fought us tooth and nail and won’t allow your guys’ team to come in and won’t allow us to do anything. So they’re allowing your herds to be gobbled up actually by these —
PRESIDENT TRUMP: And what’s the level of danger for people?
RANCHER (WASHINGTON): Danger — if you’re aggressive, I guess, is what I hear. In our area, there was one girl that was out in a logging area marking trees and the wolves came in on her and they put her up in a tree and held her there till somebody else got there with a vehicle and chased them off. So it’s becoming an immense public safety concern. And it’s getting worse. Our sheriffs are all on board and our state —
PRESIDENT TRUMP: Okay. You’re allowed to go and —
RANCHER (WASHINGTON): No.
PRESIDENT TRUMP: Take care of it, man.
RANCHER (WASHINGTON): No, no, no. If you say so, sir.
PRESIDENT TRUMP: You’re allowed. We have no choice. I mean, you know, we have no choice. I’ve been hearing about it for a long time, and you have no choice.
Just like the processing. It’s ridiculous that you’re not allowed to keep. You’ll do it cleaner than these four monopolies, two of which are based in Brazil. Right. So it’s, like, ridiculous.
Country of Origin Labeling and Wolf Management
So this order also will require country of origin labeling across all foreign beef. So what we’re doing, the farmers are processing their food, and I’m signing an order authorizing ranches to protect rural communities and cattle herds from the predatory Mexican gray wolves and others, which are costing them billions of dollars over the years, billions of dollars, ruining their herds and ruining their businesses. I mean, do a lot of people go out of business because of this?
RANCHER (WASHINGTON): They will knock you out of business. Yeah. It can affect them. Even if they’re not being attacked, it affects breed-back rate. It stresses the cattle out. But in our blue states — in California and Oregon and Washington, they’re still listed.
PRESIDENT TRUMP: So the states —
RANCHER (WASHINGTON): There’s listed, yes, sir. So the West Coast states have been very unfriendly to ranchers for a long time, and we so appreciate what this administration has done to draw attention to it. But those states we’re trying to supersede, like California and some of the other states —
PRESIDENT TRUMP: Appreciate that.
RANCHER (WASHINGTON): Where they haven’t — you know, so we want to supersede them. Alright?
RANCHER (WASHINGTON): One thing, Mr. President, is the states are receiving hundreds of millions of dollars every year for wolf management, and they’re going through the state agencies, the state WDFW, and we’re funding our own demise. They’re using the money they get from you to put us ranchers out of business. So do you think we should stop it?
PRESIDENT TRUMP: I think you should. So you mean if we stopped paying for wolf management, you’re gonna — do they actually have something called wolf management?
RANCHER (WASHINGTON): They did — it is a — wolf numbers are encouraged under wolf management, which is through the state. It is encouraged to put ranchers out of business and encourage wolf populations and decimate the game herds in our beautiful state of Washington. And all that money that our state is getting from you is funding our demise for our game herds, our cattle ranchers, and everything else. It’s all just going — the wolves are running rampant.
PRESIDENT TRUMP: Okay. So let’s terminate it. Thank you. Take it out. It’s ridiculous. I mean, we’re gonna take care of it ourselves.
RANCHER (WASHINGTON): Hey, that’s —
PRESIDENT TRUMP: You maintain it yourself. So let me ask you — if I decide to go up to your part of the world, your neck of the woods, so to speak. Right? And I said, I want to take a lovely walk in this beautiful farm country, in this beautiful area, but I don’t want a gun because they don’t let me have guns and things like that.
Do people actually walk around without guns to protect us?
RANCHER (WASHINGTON): Yeah. And then bad things happen.
PRESIDENT TRUMP: Yeah. I’m not walking around without a gun. It’s a good reason. It’s a good reason. Second Amendment, but it’s a good reason.
What about you? I mean, if I want to take a walk, do you have any problem with the wolves, sir?
RANCHER (WISCONSIN): We’re in Southern Wisconsin. It’s Muscoda. Not too many Mexican gray ones.
PRESIDENT TRUMP: Like Wisconsin. Maybe some did. Yeah. We won Wisconsin by a lot. I like Wisconsin.
Arizona, do they walk around without guns?
RANCHER (ARIZONA): The people who are from Arizona do not walk anywhere without guns. But other people, innocent people, walk around and they can get in bad shape. Right? Yes, sir. It’s very dangerous.
PRESIDENT TRUMP: Not only wolves. There’s other things in Arizona too. What else do you have?
RANCHER (ARIZONA): Well, we have a lot of crime coming across the border.
PRESIDENT TRUMP: You’ve slowed that down quite a bit.
RANCHER (ARIZONA): Not quite a bit —
PRESIDENT TRUMP: Much more than quite a bit.
RANCHER (ARIZONA): Yes, sir. We’ve stopped it. Yes. We’ve stopped it.
PRESIDENT TRUMP: You know, they’ve had zero illegal aliens come through the border in the last fourteen months. Zero. But what you had was that was really a problem.
RANCHER (ARIZONA): He’s also had a — well, here’s the remnants of what — from Biden. You still have that, and we’re getting most of them out.
PRESIDENT TRUMP: We’re taking them out.
RANCHER (ARIZONA): Well, there’s a lot of them that Katie Hobbs is protecting, and it’s hard to get those out. We have to fight her all the time. She’s bad news. We have to fight her all the time, and they have the sanctuary city stuff. They’re protecting rapists. They’re protecting murderers. It’s incredible.
PRESIDENT TRUMP: Yeah. That’s a problem.
RANCHER (ARIZONA): Sir, she’s also trying to take his ranch by putting solar panels on it.
PRESIDENT TRUMP: For what?
RANCHER (ARIZONA): Katie Hobbs has — I ranch on state ground that I lease. It’s been in my family for over a hundred years. Katie Hobbs has offered those lands up to solar development companies and —
PRESIDENT TRUMP: So you have a nice big ten-mile by ten-mile solar piece of black plastic.
RANCHER (ARIZONA): If it had not been for your Secretary of Agriculture, I would already be gone, sir. She’s managed to pull them off, not permanently, but if it hadn’t been for her, I would not be a rancher anymore. Mr. President, I want to thank you. You’ve been one of the most pro-farmer, pro-rancher presidents I’ve ever seen in my life. Most —
But the liberal left, we’ve been attacked by the Green New Deal, by eminent domain law affair, by meatless Mondays. That’s really —
PRESIDENT TRUMP: I don’t — well, I ended the Green New Deal.
RANCHER (ARIZONA): Thank you very much, sir.
PRESIDENT TRUMP: We ended that nonsense. The Green New Deal. Can you believe it? Emissions on cattle. That was like Russia, Russia, Russia, a total hoax.
RANCHER (ARIZONA): Mhmm. Anyway, but things are a lot better now. Much better, sir.
PRESIDENT TRUMP: Okay. Well, they’re gonna be better after today. A lot better. I want to now ask some of our great people. They’re gonna get up and say a few words. Joe Thomas, who was a great NFL champion player — I wouldn’t want to play him in football, I can tell you that. Play golf against him, I’m killing golf. But I wouldn’t want to play him in football.
But Joe’s gonna say a few words, and then we’ll have Secretary Rollins come up and speak, and then I’m gonna sign two executive orders that are gonna be very earth-shaking from the standpoint of positivity for our ranchers and for our farmers who I love. I love them. They’re great people.
They built our nation. They fed our nation. They built our nation, and we’re gonna take care of them. Okay. Please, Joe. Go ahead.
Remarks from Joe Thomas
JOE THOMAS: Thanks, Mr. President. On behalf of rural America, farmers and ranchers, we just want to thank you for giving us the opportunity to come in here today, tell our story, bring issues that are important to us, that are affecting our livelihood and our ability to continue raising the best, healthiest beef on planet Earth, which is product of the USA — cattle born, raised, and processed right here — helping us have the opportunity to select competitive prices with different processing to be able to keep the amazing beef that we’re raising close to the farm, as close to home as possible, to feed the most nutritious protein on planet Earth, which is beef, to those communities that are in need.
PRESIDENT TRUMP: And you have a big — how many head do you have?
JOE THOMAS: We’ve got a couple thousand in Wisconsin.
PRESIDENT TRUMP: Hoping to be bigger. How long were you in the NFL?
JOE THOMAS: Eleven years.
PRESIDENT TRUMP: Eleven years. That’s a lot. I feel it. Yeah. You look pretty good. You look pretty good. And you were a great basketball player. Right?
JOE THOMAS: I was. I was.
PRESIDENT TRUMP: You look great. Not at the pro level. Well, you know, they’re gonna have a child, and they have children who are very tall. They’re very tall. I don’t have to look at them. I don’t have to even think. You’re tall and handsome and beautiful.
Brooke, do you want to say a few words?
Remarks from Secretary Brooke Rollins
SECRETARY BROOKE ROLLINS: Yes, sir. Thank you, and thanks to all these incredible ranchers from all over the country. You mentioned in your remarks that 2023 was a really, really bad year, and there are a lot of reasons for that. That was a Biden year, not a Trump year.
PRESIDENT TRUMP: That’s right.
SECRETARY BROOKE ROLLINS: You mentioned we lost almost $90 billion in the farm economy. There are a lot of reasons for that. The cost of inputs went up around 40% for our farmers during those four years, but also there was not one new trade deal. In four years, we lost $50 billion in markets around the world just for our farmers.
So what you have done — and this administration all on deck to reverse that trend — 20 new trade deals. We’ve cut that agricultural trade deficit in half. We’re having record exports around the world: corn, tree nuts, dairy, wheat, everything. It’s just turning around. Inputs are coming down.
Fertilizer — we’re down 60% from Biden-era highs in fertilizer, and no one thought that was possible, especially with the Strait of Hormuz. But with the energy independence agenda, it has allowed these farmers to continue farming when a lot of countries around the world are not, because of the fertilizer issue, just to name a few.
But today, we’re here to talk about ranching in America. In the last forty-five years, since 1980, we’ve lost 600,000 ranchers in this country. We cannot continue freedom in America without those who feed and fuel us.
And so today, this signals to our ranchers, the signal to rural America, but really the signal to the world, is that American ranching and American farmers are back. And I just couldn’t be more proud. You’re signing these two EOs today with four major pieces in them. On Monday, I was in Nebraska announcing another slate of pro-rancher — big, big, big changes to the way we do policy in Washington for our ranchers and farmers.
And then a year ago, we started this process of making sure there’s more competition and that our ranchers could thrive. Amanda is a sixth-generation South Dakotan rancher, but Joe is a first-generation Wisconsin rancher. We have to protect this way of life for the future — for the first-gens, but also for the seventh, eighth, and ninth generation. So, sir, we’re just so grateful. Thank you.
PRESIDENT TRUMP: And your charts that you’re holding? How about taking a look at —
SECRETARY BROOKE ROLLINS: Yeah, you know me and my charts. Well, it’s interesting — this chart talks about how we’ve lost all of our ranchers. As I mentioned, 600,000 since 1980. But this is a testimony to the extraordinary ranchers, the ingenuity, the innovation. We do beef better in America than anywhere in the world. So what this red line shows is that while we’ve lost all these ranchers, we’ve retained a lot, and that we’ve been able to continue to keep up at least with the production of beef.
But while we’re talking about that, one other thing the president and I talk about quite a bit is the cost of food. And I know that has been a major part of the conversations in the last year or so. And I think what’s really important — we talk about 2023 just being a catastrophe year for farmers and ranchers. One thing — that was the year that we began to import more food for the first time under Joe Biden. Again, freedom, if you can’t feed yourself. But in the last year — food went up 25% in those four years under Biden. In just the last year and a half, every category of food has gone down except a couple of outliers.
What we’re trying to solve today is the cattle herd low. So we’ve already begun to see beef come down. But these numbers are amazing. Of course, we know eggs are down 90%. Chicken breasts are down. Pork is down. Other great proteins are down for the great American family. So I believe all really good news for our families, for our ranchers, for our rural communities.
PRESIDENT TRUMP: And down 90%. And if you remember, during my first news conference, the day after we won, actually, the eggs were up four or five times what they were a short time before. They were screaming at me about the egg prices, and we brought them way down.
SECRETARY BROOKE ROLLINS: Mhmm. 90%?
PRESIDENT TRUMP: Down to where they were during my administration. They went up during the Biden administration, unbelievably. Unbelievably. So you have a lot of cost reductions, and the beef is coming down too.
SECRETARY BROOKE ROLLINS: That’s right. Beef is starting to come down. It’s trending very strongly down too, so it’s good.
PRESIDENT TRUMP: We inherited these high prices. We inherited the worst inflation in the history of our country from the Biden administration. And the prices are coming down, not only of food, but just about everything else. It’s been amazing. And today, they announced 162,000 new jobs, which was about five times more than the projection.
Comments on Jobs Numbers and the Economy
And sadly, I said, oh, the number is doing so good, the country is doing so well — watch, the stock market will go down, because we have good numbers. Because every time you have good numbers, the stock market goes down. When you have bad numbers, it goes up, because of the stupidity of the way they think about inflation.
And growth does not cause inflation. Stupidity causes inflation. And we have to change our ways, because we had fantastic job numbers today, and the stock market should go up. You know, twenty-five years ago, when you announced good numbers, the stock market went up, because you had a better credit — your country, or your company, I guess you could say, if it was a company, but it’s a country.
When we announced great job numbers, 162,000 — that’s like four or five times more than what they thought, but the projections by the great geniuses — but when you announce great numbers, everything should go up. It shouldn’t go down. It’s always the reverse. For twenty-five years, it’s been that way because of inflation.
And, again, success does not cause inflation. Stupidity causes inflation. So, hopefully, we get a change. We have a day like this where the numbers are phenomenal, so much better than anyone thought possible. And you’ve seen nothing yet.
I mean, with those factories, we’re building more factories and plants in the United States today than at any time in the history of our country. We have over $20 trillion invested in this country, which is more than at any time — times five — there’s never been any time in the history of our — and the reason we do it is because of our trade policies, tariffs, and other reasons. And also the threat that if a country doesn’t treat us fairly, we’re not gonna trade with that country anymore.
So we had great numbers today, unbelievable numbers coming out, and really, we should have a GDP of twelve, thirteen, fourteen, fifteen instead of two, three, and four all the time. And under this administration, we are doing so well. We could have a growth — we could have a GDP that would break every single record. But you have to be smart. When we have great numbers, the stock market should go up. It should not go down.
So do you have any questions?
Press Q&A
REPORTER: Mr. President, I’ll do the job numbers today. Mr. President, the vice president said yesterday that he would not describe the conflict with Iran as a war, but the US resumed strikes for the first time in recent weeks. Can you explain to the American people if this is not a war, what exactly is it?
PRESIDENT TRUMP: Well, I’ll tell you what. A lot of people don’t call it a war. I call it a military conflict, because it’s small potatoes for us. It’s not a big thing. We did Venezuela, and we did this. In Venezuela, we lost nobody, and this, we lost 18 people. And in Vietnam, you lost 100,000 people. And in other conflicts, you lost tens of thousands of people.
I would say that it’s intermittent. You know, we do intermittent strikes. So I heard what he said, and it was interesting, because I think that there’s a lot of truth that we’re not fighting right now. There’s no fighting. We’re taking out a lot of oil. We control the Strait very strongly. We did a hit on certain areas around the Hormuz Strait. We took out their radar, as you know very well. We took out some aircraft. We took out some other things that used to protect the Hormuz when they had it under very tight control. But now we control it, and last night, we took out a lot of boats. A lot of ships came through, and they come through every day.
So I can understand what he’s saying — it’s a military conflict, but it’s very intermittent. I could see somebody not calling it a war yet.
REPORTER: Doesn’t feel like small potatoes, Mr. President. 18 people have died in this.
PRESIDENT TRUMP: It certainly doesn’t feel like small potatoes.
REPORTER: 18 service members have died. We’re seeing record-long deployments. You initially said this would last —
PRESIDENT TRUMP: So —
REPORTER: 82nd Airborne —
PRESIDENT TRUMP: How long were we in Vietnam? How long were we in Vietnam?
REPORTER: — why is it record-long?
PRESIDENT TRUMP: How long were we in Vietnam?
REPORTER: — days at sea.
PRESIDENT TRUMP: We’re in five months now, and you know what we did in five months? They’re not gonna have a nuclear weapon. That’s what we did. Iran will not have a nuclear weapon, because if they did, you probably wouldn’t be standing here very long. Iran will not have a nuclear weapon. We’ve stopped them from having it.
We may hit again very soon if there was anything going on, because of all of the things — you know, we’re leading in space now by a lot. When I first took over my first term, we were a distant third to Russia and to China. We’re leading in space. We know everybody that’s moving in Iran. We know everybody that’s moving everywhere all over Iran. And if anything goes bad, we hit them. We hit them hard.
But we’ve been in there for five months. And in five months, what did we do? We stopped them from having a nuclear weapon. If we didn’t go in there, you wouldn’t have Israel right now. You wouldn’t have the Middle East, and they probably would go after European cities and our cities next. But we stopped them from having a nuclear weapon in five months. And you know what? We lost 18 souls. 18 great souls.
I was there to greet the families of those people at Dover, and they’re great. I got very friendly with some of the families. They’re incredible families. But one is too much. But in Vietnam, we lost tens of thousands of people. In Afghanistan, we lost a lot. Sleepy Joe Biden lost 13 just by standing at an airport — an airport that they shouldn’t have been in, because they should’ve used Bagram, not the local little airport right in the middle of a city. They lost 13, but they lost 78 people in terms of their arms, their legs, their faces just wiped out. You don’t mention that. You don’t mention that.
What we’ve done is amazing. We took over Venezuela, and we have essentially taken over Iran. Now there’s been no shooting for days before the hit that we gave them the other night to wipe out that radar. They’re very sophisticated. They brought in radar because we knocked it out once. Now we knocked it out twice. Now we don’t notice any activity. I think they’re tired of putting it in and getting it knocked out.
But the Strait of Hormuz — we’re getting a lot of ships out of there. A lot of oil is coming out of the Strait. There are no mines whatsoever. We have no mines. You know why? We took out all the mines. They had some mines. We took them all with our minesweepers. They go underwater, nobody can see them. The best in the world. So we’re doing a great job.
And I would say it’s a military conflict if you want. Some people could call it that. I don’t think it matters what you call it. What matters is the fact that we have had tremendous success. We stopped Iran from having a nuclear weapon.
REPORTER: Mr. President, when does the American people —
REPORTER: You watched that Putin would never attack NATO territory. Now Germany is blaming Russia for an explosive drone found at a German airport. Isn’t that an attack on NATO territory?
PRESIDENT TRUMP: Well, I’ll speak to him. I know him very well. Putin’s not looking to attack NATO territory.
REPORTER: Mr. President, some jobs numbers today — have you spoken with Kevin Warsh? And you’ve said you’ll lower the rate, or you’ll stop trading with countries with which we have a deficit. So have you spoken to Kevin Warsh?
PRESIDENT TRUMP: And we have — you were saying we have deficits. What did that cost? Speak of it — have countries that are considered elite financially, like Switzerland, like others — but if we didn’t trade with them, they would be bankrupt countries. So they’re considered elite because we have massive deficits with them. We have the right not to trade. We have the right to put tariffs on them, but we have a much more powerful right than that. We have a right not to trade with them.
So if we don’t trade with Switzerland, just to use it as an example — watches, things — if we don’t trade, we have no deficit. Now we have a big deficit with a lot of countries that should never have been allowed to happen. I had it very much corralled, starting to corral it in my first administration, then Biden let it go to hell, and we took it over. We’ve cut our deficit way down. We’ve cut our trade deficit way down, tremendously down. Nobody’s ever seen cuts like this.
But we have the right to take a so-called financially elite country that’s paying a much lower interest rate. You know, some countries are paying half a point, and we’re paying four points. And yet, we’re a much stronger credit than they are, because if we don’t trade with them, they don’t have any money to pay the bills. And if we’re not gonna be treated properly, we’re gonna do that.
And all we have to do to cut our trade deficit with a country is not trade with them. Canada is one. If we don’t do any trading with Canada, we just end all trade with Canada. We’d save ourselves $90 billion. All trading with Canada — don’t forget, they do almost all of their business with the United States, and we do a relatively small amount of business with them. But we didn’t want to — if we were playing hardball, all we’re doing is saying, what are we gonna do, no trading with Canada? If we did no trading with Canada, we’d save $90 billion.
And so what I’m saying, very simply, is that we should be paying the lowest interest rate in the world. Each point in interest in this country that we pay costs us $650 billion. We should be at 1% or half a percent. We shouldn’t be at 4%. We have other countries at half a percent, and yet if it weren’t for us, they’d be bankrupt countries. We should be the lowest in the world, as we were twenty-five and thirty years ago, under any circumstance. We were the lowest in the world.
REPORTER: Mr. President, Mr. President, I believe that — when will your super PAC MAGA Inc. start spending on —
PRESIDENT TRUMP: Already did.
REPORTER: — capacity?
PRESIDENT TRUMP: Yeah.
REPORTER: But when will you spend more?
PRESIDENT TRUMP: Well, I have — I think I have close to a billion dollars in the super PAC, and I’m allocating probably $4.5 billion. So I’ll be spending —
REPORTER: — this midterm election.
PRESIDENT TRUMP: Yeah. We’re gonna spend a lot of money because we don’t want to lose our country. I want to keep these people wealthy, happy, and they have to keep us fed. Right?
REPORTER: How do you make that determination of how to spend?
PRESIDENT TRUMP: How do I make it? I sit down and I say, let’s do this, let’s do that. I’m gonna be going around. I’m gonna be making contributions to various campaigns of people that I think are good — Republicans that I think are good, people that I think are gonna win, or can win, or are close to winning — people that I think we have a chance of doing very well on in the midterms.
Look, history has said that the sitting president, Republican or Democrat, no matter how — I don’t think anybody’s had a better first two years than we have. There’s never been anything like it. Look at the numbers that you see. Look at the investment numbers. Think of it — $20 trillion coming in. Nobody’s ever had a first two years like we have. It’s not two years yet, but one and a half years. Nobody’s ever had a first one and a half years like we have. So we’re gonna just see. I’m gonna spend —
REPORTER: What does that money mean?
PRESIDENT TRUMP: Whatever amount of money necessary to try and help us. And this is money — this is my money that I control. Now this is separate from the RNC. It’s separate from people having money, and I think it’s not even counted in terms of the media. I’m not sure that they ever talk about it. They just found out about it. But, yeah, we have around a billion dollars that I can spend. I can spend it for the next race also. I can spend it for what I want to spend it for, but I’m gonna help a lot of the congressmen and senators that need help.
REPORTER: Just because you’ll make some less money for 2028?
PRESIDENT TRUMP: I could use it for ’28, yes, if I want. Sure. I mean, I expect to have money left over, and we can use that for ’28. Because this is not Moscow.
REPORTER: If I could ask you one more question on Moscow — Jared Kushner and Steve Witkoff are expected to go to Kyiv and Moscow. Are they bringing with them new proposals?
PRESIDENT TRUMP: No. They’re bringing with them a proposal to end the war. The same — because I ended eight wars. I hope you’re proud of me. I ended eight wars. I get no credit for it. I ended eight wars. Did I get the Nobel Prize? No. Although the person that got it was nice enough that she gave it to me. She said nobody in the history of the Nobel Prize deserves it more than you. But in Norway, they don’t like me, because I think they think I’m a little conservative.
REPORTER: Mr. President, back to the rates — back to interest rates. A rate hike could reassure the bond market. If you’d like to see lower rates —
PRESIDENT TRUMP: To me, it doesn’t reassure a bond market. To me, it’s — your rate cut, because we should be at 1% or half a percent. We should not be at 4%, because everything, as I explained, we could do tremendous good for ourselves by just not trading with countries. We lose with the European Union $200 billion a year. If I didn’t trade with them, we’d lose nothing. Just one swipe of the pen.
REPORTER: But what if —
PRESIDENT TRUMP: We lose with Mexico $195 billion a year. If I don’t trade with Mexico, they have nothing that we have to have. I mean, hot tamales, tomatoes, a couple of things. But, basically, they have nothing that we need. We have oil. We have everything. I don’t want to do that, because we get along very well with the president. We like the president. We respect her a lot. But if we didn’t want to trade with Mexico, if we didn’t want to trade with Canada, we’d save from $60 to $90 billion a year just by not trading with Canada.
Now Canada would be in a heap of trouble. I don’t think they’d exist, because, again, they do 95% of their business with us. So if I say we’re not gonna trade, that means 95% of their business gets wiped out. I don’t know what they’d do. But so we should have the lowest interest rate, as we used to twenty-five, thirty years ago, when we were smart.
REPORTER: It’s the new ad about the Trump coin. It’s very successful. It’s sold out in just a couple of hours. I’m with Real America’s Voice. Our viewers want to get their hands on one of those. Is there a chance that you guys will probably release more at some point?
PRESIDENT TRUMP: You mean the coin, like the coin with the Make America Great Again and things like that? Yeah, probably. I know I hear it does great. I don’t know, I don’t run it. You know what I run? I run this country. I don’t focus on that, but somebody told me it sells very well.
REPORTER: Yeah.
PRESIDENT TRUMP: Does the new — thank you. Nice question. Who are you with?
REPORTER: Real America’s Voice.
PRESIDENT TRUMP: Good. It’s a good group.
REPORTER: Does the new Air Force One still need —
PRESIDENT TRUMP: She’s with ABC. One of the worst. Maybe the worst. Go ahead.
REPORTER: Mr. President, thank you for taking my question. Does the new Air Force One still need to be maxed out? Is it still —
PRESIDENT TRUMP: It’s — yeah. It’s gonna go away and it’s a magnificent plane. Interior wise, the best.
REPORTER: Will you fly out?
PRESIDENT TRUMP: Engines the best. Oh, yeah. No, it’s — well, it has a lot of stuff. But to max it out, meaning you can go into any territory, it’ll take about sixty days, and it’s being sent in October to be maxed out.
REPORTER: And what do you plan to do with the plane after you leave office?
PRESIDENT TRUMP: Office? It’ll probably go to the museum.
REPORTER: Probably — is that up in the air, at this point in the storage?
PRESIDENT TRUMP: But it will probably go to the museum. It’s scheduled to go to the museum.
REPORTER: If it doesn’t go to the museum, what would you do with it?
PRESIDENT TRUMP: I think it’s going to the museum.
REPORTER: Mr. President, on China — when President Xi is here, will you host a state dinner?
PRESIDENT TRUMP: Yes.
REPORTER: And what does it say to allies as you guys are moving to punish people who support Iran? China is obviously one of Iran’s —
PRESIDENT TRUMP: A great deal. Look, China’s been — I said, please don’t get involved. The president should have a very good relationship, and they’re not really involved. Very little involvement by China. China could have plenty of involvement. They get 50% of their oil from the Hormuz Strait. And by the way, pipelines are being built right now. The road through Syria, which is fantastic, is being built and it’s open, actually. And people are taking trucks through Syria, massive trucks with oil in them. A lot of alternatives are being made to the Hormuz Strait. The Hormuz Strait is not what it used to be.
Iran is gonna end up — if they don’t get smart, really smart, which I don’t know if they can, I don’t know if they’re able to do that — but they’re gonna end up with a Hormuz Strait that’s not very necessary anymore. Pipelines are being built all over the Middle East now so they don’t have to go through the Hormuz Strait.
REPORTER: Should the American public expect resolution on Iran? You just said that you could perhaps —
PRESIDENT TRUMP: A resolution?
REPORTER: Resolution.
PRESIDENT TRUMP: Oh.
REPORTER: You just said that you could —
PRESIDENT TRUMP: The big difference, right?
REPORTER: Take that — mountain and other things. When should people feel —
PRESIDENT TRUMP: I thought the revolution was more interesting. The resolution — I don’t know. I can’t tell you, but we’ve already won the big thing. There’s not gonna be a nuclear weapon. You know, if we left today, it would take them twenty-five years to rebuild their country. But I want to leave so that the next president doesn’t have to worry about it.
REPORTER: Mr. President, let me ask you about this new proposal for peace between Ukraine and Russia. Would it involve, for example, Ukraine ceding —
PRESIDENT TRUMP: No. We have an idea for peace. Look, I settled — most of them were supposed to be, in my opinion, more difficult than Russia-Ukraine. It’s a personality problem in Russia-Ukraine. You know, President Zelensky and President Putin, they truly hate each other. Do you know what hate is? They have serious hate, and it’s getting in the way of them.
You know, last week, they lost 32,000 people, mostly soldiers, during the last month — four weeks. They lost 32,000 soldiers. They’re losing, on average, 25,000 soldiers a month. It’s gotta get settled. So I did — I sent Steve Witkoff and Jared Kushner, the two great negotiators. They’ve done a great job, and we sent them over to see whether or not we can get something done. And there may be a good chance that we’ll do it.
REPORTER: Mr. President, while we were here with you, a mistrial was declared in the Lindsay Clancy trial. Have you been following that trial? Have you watched it?
PRESIDENT TRUMP: Well, it’s hard not to. It’s on television so much. It’s hard not to follow it. I followed it pretty much, but it’s a shame. It’s a horrible tragedy. It’s a horrible tragedy. I see what’s happened, and it looks like it’s a hung jury, and I think the judge just said it’s gonna be a mistrial. I assume there’s gonna be another trial. It’s a terrible situation. Look, she did a horrible, horrible thing. Can’t be worse. But you’ll find out what the price to pay is. There’ll be a price. It’s gonna be a mental institution or jail or something.
REPORTER: But I guess they’re gonna go through another trial. It’s too bad. And one last question for you, thank you so much. Speaker Johnson sent members home early, especially with the midterm elections coming up. Do you feel that Republicans delivered everything you wanted?
PRESIDENT TRUMP: Well, he — look, the House has been great. You know, they sent the Save America Act up to the Senate. We’re waiting for the Senate. So the House has been great. We got the great, big, beautiful bill. That was — you know, just so people understand, a lot of the things that we gave you, we gave it in the big, beautiful bill. Didn’t have to do new — we put 17 different bills into that. Lucky we did, because we wouldn’t have gotten anything else passed. But the House — Speaker Johnson has done a fantastic job.
REPORTER: On beef, Mr. President — the suspension of tariffs on ground beef imports — where is that beef coming from?
PRESIDENT TRUMP: The White House — well, it’s coming from different places.
REPORTER: From which country?
PRESIDENT TRUMP: It’s coming from Argentina. It’s coming from Brazil. It’s coming from a couple of other — we have our inspectors down there. It’s very clean. It’s very good. And as soon as these — you know, their herds are increasing. Their herds decreased very, very substantially during the Biden years, during the Biden administration.
But even from an environmental standpoint, you know, they wanted to decrease your herds for environmental reasons. You believe that one? So we’re building up the herds. The ranchers are building up their herds.
REPORTER: Follow-up on that, Mr. President — you had said that importers had agreed that ground beef would be sold at 25% below market prices. So are those countries only Argentina and Brazil, or are there other countries?
PRESIDENT TRUMP: There could be other countries. But right now, it’s primarily Argentina and Brazil, but there could be other countries. And we’re doing it in a very limited fashion, because our ranchers can handle it. But our ranchers really needed a little bit of help, and our ranchers want the prices to be down too. They want to see the prices come down.
But I think a very big thing, and I’ve been hearing it for a long time, is the food processing. Our ranchers are gonna be able to do their own food processing, and they’ll have inspections. They’ll have inspectors. They’ll have everything just like these big plants, Adam. But I would be willing to say that our ranches will be more sanitary than those plants. I think it’s gonna be a great thing. I would think it’s gonna make a big difference when you can do it in your own process, and you don’t have to drive hundreds of miles.
Hey, Zippy, could I ask you to say a word, Zippy? You are such a great leader. Go ahead.
Remarks from Zippy Duvall
ZIPPY DUVALL: Well, thank you, Mr. President. It’s always an honor to be here with you, and you have been the best president for farmers and ranchers and continue to do that. Of course, a lot of things that happen in agriculture are very difficult and very complicated, and some of these issues are complicated.
But these executive orders that you are signing today, to recognize that we ought to evaluate the wolves, is a really good move, because if we’ve put them back in a state where they can maintain themselves, we shouldn’t have them threatening our cattle herds and the people around this country. So, that is a great, great thing.
Being able to process your meat opens up the opportunity for small, beginning, young farmers to actually start out little and have the opportunity to grow bigger by being able to slaughter or harvest their animals closer to home, and being able to give sales directly to the consumer. So that’s one of the areas that we see growth in agriculture today, especially with first-generation farmers. So I think those are very good moves.
PRESIDENT TRUMP: And, Mr. President, on the country —
ZIPPY DUVALL: Thank you.
PRESIDENT TRUMP: He’s done a fantastic job.
REPORTER: On the country of origin labeling, what is the timeline there? When can consumers who go to the store —
PRESIDENT TRUMP: Well, that’s gonna be up to the House. It’s also gonna be a little bit involved with Congress, because I understand Congress has something to do with that one. So we’re putting it in front of Congress right away. It should be no problem.
REPORTER: Would you like to see it?
PRESIDENT TRUMP: It should be no problem. And they’re working very hard at getting the farm bill approved too.
REPORTER: Back on the state — is your message to communities who say they don’t like data centers and they’re worried AI could become dangerous?
Remarks on Data Centers and AI
PRESIDENT TRUMP: Well, I look at data centers very, very carefully. I mean, being formerly in the real estate business, I was really good at real estate. And I can tell you, if I were running a state or a town, if I was a mayor or governor, I would want as many data centers as I can, because they throw off tremendous amounts of money.
They don’t take any energy, because, you know, the new ones that I approved, they all create their own energy. We’re giving them the right to build their own power plant so they don’t have to use the grid. They’re actually taking their excess energy, and they’re building some incredible plants along with the building. So they’re building their own generation plant, and the excess is going back into the grid. So we’re actually making money on that. It’s gonna bring energy costs down.
The data centers — you want to pay a little bit of — right location. But if you want to get rich as a state or as a town, and if you want to pay lower taxes, if you want to create tremendous wealth, if you want your house to be more valuable and everything else, you’re gonna want a data center. If you want to go through poverty, crime, and squalor, I would say don’t approve data centers, you know, because you have your choice. So I’m all for people approving them or not.
But if you look at places that have really gotten wealthy and rich and lower taxes, it’s where properly approved data centers have been allowed to go up. Now if they don’t approve them, there’s a lot of places that want them, both in this country and in particular in China. All over the world, they want them. So I don’t like seeing where that opportunity would be squandered. And the people that squandered it are gonna come back in five years and say, wow, we made a big mistake, because that place is located in a different location and everybody’s gotten rich.
So I think if you want success, you have to go with the data center. You want them to be proper. You want to check them for sound and for, you know, all the different things. But, again, they create their own electricity, so you’re not gonna have a problem there. The water — it’s gonna be — they do it in so many different ways, including desalinization and everything else. These data centers are making a fortune for people that live relatively near them. Doesn’t mean you want to be right in their backyard, but for people that live in the area of data centers, they’ve been an unbelievable success.
REPORTER: Is there any — do you have any concerns about AI veering out of control and launching cyberattacks?
PRESIDENT TRUMP: No. We watch it very carefully. We’re leading China in AI. And whoever wins, AI wins. That’s the power. This is bigger than the internet. This is a revolution. You know, we’ve had a few of them over the last two hundred years, but this is a revolution. And I’ve seen some results that are credible medically. You know, we’re coming up with things medically that we wouldn’t have maybe in a hundred years. Whoever wins with AI wins.
REPORTER: Mr. President —
PRESIDENT TRUMP: And it’s really right now, it’s really between China and us.
REPORTER: Thank you very much, everyone.
PRESIDENT TRUMP: China.
REPORTER: I tried to investigate another one in two weeks. What do you hope to accomplish?
Closing Remarks on China
PRESIDENT TRUMP: Well, President Xi is coming on September 24. We look forward to it. He’s a great gentleman. We get along great. We have a very good trading relationship. And, you know, they’re a competitor and all of that, but we have a very good relationship with President Xi. He’s coming with his beautiful wife. She’s a beautiful woman and a great woman, respected all over the world. They’re coming together.
And we have a beautiful heliport. Should he want to use a helicopter — just open — in fact, if you want to go outside and check it out, it’s beautiful. Just was completed under budget. I had a schedule and beautiful.
But he is coming on September 24, and we’re gonna have a state dinner. And we’re gonna do great things with China. We’ve been doing very well with China. China took advantage of us for years. I don’t blame them. You know, we had people that were not smart sitting behind this desk, but we’ve done very well with China. China and I — he and I have a very good relationship.
Done enough since then. Thank you, guys.
[END OF TRANSCRIPT]
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