All Episodes
Aug. 6, 2025 - Bannon's War Room
57:56
Episode 4688: American Manufacturing Investment SOARS; Pandemic Treaty 2.0!?
Participants
Main
d
donald j trump
admin 27:39
e
ej antoni
07:40
n
natalie winters
09:23
t
tim cook
05:51
Appearances
m
mike lindell
r 01:01
s
steve bannon
r 00:31
Clips
j
jake tapper
cnn 00:10
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Speaker Time Text
unidentified
This is the primal scream of a dying regime.
Pray for our enemies because we're going medieval on these people.
Here's not got a free shot on all these networks lying about the people.
The people have had a belly full of it.
I know you don't like hearing that.
I know you're trying to do everything in the world to stop that, but you're not going to stop it.
It's going to happen.
And where do people like that go to share the big line?
jake tapper
MAGA Media.
unidentified
I wish in my soul, I wish that any of these people had a conscience.
Ask yourself, what is my task and what is my purpose?
If that answer is to save my country, this country will be saved.
War Room.
Here's your host, Stephen K. Vance.
You're in the war room.
natalie winters
It's Wednesday, August 6th in the year of our Lord 2025.
unidentified
It's Natalie Winters hosting today's episode, this edition, this 5 p.m. evening, afternoon edition of War Room.
natalie winters
We are awaiting President Trump, who's going to be speaking live from the Oval Office.
Not sure exactly when, but talking about another $100 billion worth of investment from Apple, particularly in American manufacturing.
unidentified
You'll love to hear it.
natalie winters
That is, of course, on top of the, I think, already pre-committed $500 billion coming from Apple, and of course, atop a trove of pro-American manufacturing deals.
unidentified
I think the highlight that we've really been focusing on is that Mountain Pass rare earth mineral deal that the Defense Department under the leadership of Secretary Hugseth has really spearheaded.
natalie winters
We're seeing a lot of converging on the manufacturing and national security front.
unidentified
We love to see it.
I'm sure the Chinese Communist Party does not feel the same way.
While we await that, we're going to have Kurt Mills join us, talk about the latest going on on the Russia front, some investigations into who is helping the CCP buy up American farmlands.
natalie winters
But until we get there, we got the one and only EJ Antoni, who, I don't know, maybe you're going to be the next BLS head.
That's what Steve is saying.
unidentified
I think it'd be great.
natalie winters
I think you'd be wonderful for the job.
unidentified
But there's been a lot of reporting today.
I want to get to the sort of media's attempts to somehow say that revenue from tariffs is bad because we might have to pay it back.
But before we debunk, obviously, the legacy media, your reaction to the additional $100 billion worth of investment from Apple.
Well, Natalie, thank you for your kind words.
And this is just great news in terms of all this investment pouring in from abroad.
And also, let's not forget that in addition to the investment pouring in from abroad because of the different trade agreements and negotiations that are being worked out right now, on top of that, you now have the effects of the One Big Beautiful Bill Act, right?
And among the good provisions in there is the return of full expensing.
ej antoni
So this is essentially going to supercharge domestic investment.
unidentified
So not only do you have, again, that foreign investment coming in, that's great.
ej antoni
It's also great that now you're seeing more domestic investment too because of that tax advantage there.
unidentified
So you're getting a great one-two punch, essentially, that really, again, it supercharges growth in the economy.
Investment is the long-run driver of economic growth.
ej antoni
It's not consumer spending.
unidentified
Although we talk about consumer spending a lot, because that is between two-thirds or three-quarters of the economy, and it's a very, very important component, absolutely.
But what sustains it?
ej antoni
Investment.
Investment is what drives economic growth in the long run.
Investment is what drives wages higher.
It's what increases productivity, etc.
So the fact that we're getting more investment means we are setting ourselves up for a huge increase in economic growth in the future.
So that's a great, great thing.
unidentified
And again, it's really a kind of double whammy in a good sense here because you are getting that huge inflow of foreign investment and now you're seeing more domestic investment as well.
So really hats off to the president on achieving, again, that kind of one-two punch.
Well, and I think it's meaningful investment too, right?
natalie winters
Under Joe Biden, you obviously saw parts of the economy expand, but really only for the top 1%.
unidentified
But I think these dollars have sort of a compounding effect, not just on the economy, but frankly on American society, right?
Investing in American manufacturing, not just strengthening supply chains, but also giving, I don't know, call me crazy, actual legacy Americans, native-born Americans jobs, not just these foreigners.
So I guess naturally, of course, Politico and their corporate sponsored pals, they're going to have to run cover.
There was a really interesting headline this morning, how Trump's $150 billion tariff brag could backfire, quote, a court could rule the administration has to repay tariff revenue, which would undercut one of the president's central selling points for its sweeping trade policies.
Now, I would not put anything like that past a rogue judge.
Maybe it's Boesberg or Beryl Howell, take your pick.
But could you just sort of walk us through that bizarre logic chain?
I didn't really follow, but is this something that is being discussed?
Well, I suppose it's certainly possible, Natalie, especially in today's kind of judicial world where you do have a lot of judges seemingly doing whatever they want.
And look, sometimes you will have court rulings that seem like they're outside of the norm, but are the right thing.
ej antoni
It is a proper constitutional ruling.
unidentified
But more often than that today, what we've seen, and this stretches far beyond economics, is you've seen judges going way beyond their authority and issuing these blatantly unconstitutional rulings, which then ultimately have to get overturned by the Supreme Court.
ej antoni
But essentially, in terms of this particular one, what it's talking about is saying a court could theoretically not only rule that a particular tariff is unconstitutional, but then rule that the executive branch must direct the Treasury, essentially, to turn over, to turn over that revenue back to whoever paid it, to whoever paid those particular tariffs.
unidentified
But I do, Natalie, if I can, I really want to get back to a point that you raised earlier, which was a great, great point, the difference in investment between Biden and Trump.
ej antoni
What we saw under Biden, although you're right, it was technically called investment, it was really just wasteful spending.
unidentified
It was putting money into inefficient projects that were net losers, things like solar, like wind, projects that can't ever actually break even over their lifetime without massive, massive government subsidies.
And so what that, again, investment in quotes here, in air quotes, what that investment under Biden was really all about was wasting taxpayer dollars as opposed to the investment that we're seeing today, which is going to build plants and equipment to allow for more manufacturing.
It's going to go to additional software development, all of these different things that, again, they increase productivity.
It drives production higher.
It drives wages higher.
And that's where you get real economic growth, as opposed to, again, what we saw under Biden, which was little more than simply flushing taxpayer dollars down the drain.
Well, and it's also not even mutually exclusive with, I think, really stellar performance from a lot of the companies in the S ⁇ P 500.
natalie winters
I always love having you on because I can just throw you a statistic and you can sort of contextualize it for us.
unidentified
But I saw that despite all the fearmongering over President Trump's tariffs and how unsteady of a hand he is, that 82% of the S ⁇ P 500 companies actually beat their quarterly earnings estimates, which is the highest number in four years.
Can you walk us through how it's both Main Street and just your average typical American family, but also these large corporations who are sort of experiencing a boon from President Trump's actions?
ej antoni
Well, we talk about stock indexes, Natalie, like the S ⁇ P 500, and we say that's Wall Street.
unidentified
That's really Main Street.
Not only because it's a wide array of companies, right, 500 companies, and there's a lot of Americans who work in those companies.
There are all kinds of plants and stores all around the country from those companies, not just because of that, but because the vast majority of Americans are actually invested in those companies.
ej antoni
Sure, some individuals own shares of stock, but most of us have things like retirement accounts.
unidentified
It could be a pension plan, could be an IRA, like a 401k, whatever the case may be.
The vast majority of Main Street America is invested in an index like the SP 500.
And so when those indexes do well, Main Street actually does well.
ej antoni
It's kind of a misnomer when we talk about, again, something like the S ⁇ P 500 and we think, oh, that's just Wall Street.
unidentified
That's somewhere in Manhattan.
ej antoni
That's not Main Street.
It really is.
unidentified
And so it's good when we see those stock prices go up because these companies are beating earning estimates.
Now, there's two kind of effects we should point out here.
ej antoni
One was that companies really thought that the tariffs were going to have a very, very detrimental effect on the economy and some of the other economic policy changes that we've seen.
unidentified
And so they lowered their estimates and then it made it a lot easier to beat those estimates.
ej antoni
But even if you consider the lower estimates, in other words, what did the most recent earnings round look like against previous guidance data, you find that it's still beating those numbers as well.
So earnings went up at the same time expectations went down.
unidentified
Again, a kind of one-two punch, if I can continue to use that phrase.
And that has really helped, I think, buoy markets along here.
Getting back to your other question, though, it's not just a matter of the tariffs.
The tariffs are the stick in a carrot end stick approach here.
So what is the carrot then?
ej antoni
The carrot is deregulation.
unidentified
It's lower taxation.
It's creating a more business-friendly environment that makes it easier to employ people here in America and produce stuff here in America, whether those are products or whether those are services.
ej antoni
So at the end of the day, again, it's this carrot stick approach where you disincentivize moving production abroad and you incentivize moving it here.
unidentified
And thus far, that has really been a winning formula for this White House.
natalie winters
Well, let's make it a one, two, three punch.
unidentified
Obviously, Bannon always says that trade policy, immigration policy are essentially two sides of the same coin.
And I think that's a particularly sound metaphor because that coin, I think, represents the wages of America's working class.
And I think, to your point, the idea that we're actually hiring Americans, that's something we've certainly seen in the job numbers, right?
natalie winters
Revisions, not in the Biden style, but showing that there's actually American-born workers getting jobs, not foreign imports.
unidentified
But an interesting statistic showing that remittances to Mexico have actually plummeted 16.2% in June, which is the biggest drop in over a decade.
natalie winters
Can you just sort of contextualize the significance, not just the meaning, but the outright significance of that for American workers?
ej antoni
Oh, certainly, Natalie.
unidentified
And I think this is kind of a symptom of what we're also seeing in some of the broader labor market data, not the least of which is what you already mentioned, that the job growth today is going to native-born Americans as opposed to going to foreign-born workers.
ej antoni
Now, what we saw during the first Trump administration was the economy was essentially adding so many jobs at such a steady pace that both groups saw employment go up.
unidentified
There were more native-born Americans employed, and there were more foreign-born workers employed.
Unfortunately, what we saw under Biden was really exactly the opposite.
ej antoni
Native-born Americans were largely left behind in that labor market.
unidentified
So much so, Natalie, that by the time Biden left office, you had fewer native-born Americans employed than before the pandemic.
ej antoni
So, all of the net job growth that we had over that time, it's reasonable to assume it was all going to those foreign-born workers, which were just being imported en masse by the last administration.
And look, the labor market is a market, it's right there in the name.
And so, we have to remember: even though people are unique, people are not a regular economic commodity, the basic laws of economics still apply here.
When you see those kinds of drastic increases in supply, it puts downward pressure on prices.
unidentified
And in the labor market, we call that wages.
So, when you reverse that, I'm going to Donald Trump.
So, I'm going to have to toss to him.
I don't know if you can hear me.
We will have you back.
E.J. Antonio got a follow-on on Twitter, the best analysis.
President Trump is speaking live from the Oval Office.
Let's go to it.
And two very, very seriously hurt around 11 o'clock this morning.
The shooter is now in custody and the Army Criminal Investigation Division is on site to ensure that the perpetrator of this atrocity, which is exactly what it is, will be prosecuted to the fullest extent of the law.
donald j trump
The entire nation is praying for the victims and their families, and hopefully, they'll fully recover.
unidentified
And we can put this chapter behind, but we're not going to forget what happened.
We're going to take very good care of this person that did this horrible person.
This afternoon, we're pleased to welcome to the White House one of the great and most esteemed business leaders, geniuses, and innovators anywhere in the world, Apple CEO Tim Cook.
Amazing job.
Thanks as well to Secretary of the Treasury Scott Besant and Secretary of Commerce Howard Lutnick for being here, wherever you may be.
donald j trump
Oh, there you are.
unidentified
Hello, fellas.
I missed you.
Today, Apple is announcing that it will invest $600 billion, that's with a B, in the United States over the next four years.
That's $100 billion more than they were originally going to invest.
And this is the largest investment Apple has ever made in America and anywhere else.
And it's just an honor to have you.
As you know, Apple's been an investor in other countries a little bit.
I won't say which ones, but a couple.
And they're coming home.
$600 billion.
donald j trump
That's the biggest there is.
unidentified
The company is also unveiling its ambitious new American manufacturing program, which will bring factories and assembly lines across our country all roaring to life.
Areas that we're not doing so well are doing very well.
We have about $17 trillion coming into the United States, which is more than ever before.
donald j trump
That's never even come close.
unidentified
There's never been anything like it.
Even you, that's even a lot of money for you.
But we have commitments of more than $17 trillion.
That was as of a couple of weeks ago.
These investments will directly create more than 20,000 brand new American jobs and many thousands more at the Apple suppliers like Corning, Broadcom, Texas Instruments, and Samsung, who all deal in that world.
As part of this historic commitment, Apple will massively increase spending on its domestic supply chain for the iPhone and will build the largest and most sophisticated smart glass production line in the world in Harrodsburg, Kentucky, which is a great place.
Actually, I did very well there.
I like it because I see I did very well there.
I did very well in Kentucky, but it's a great place.
You're going to be very happy.
donald j trump
I thought maybe while we're up, I'll interrupt my own speech by you might show them a little bit about the product that you're going to be doing in Kentucky, Tim.
unidentified
Absolutely.
If you might stop a bit more?
Yes, please.
This bond was made here in the U.S., California.
And this black comes on the morning wine.
It's engraved for President Trump.
tim cook
It's a unique unit of one.
unidentified
It was designed by U.S. Marine Corps, Porkole, a former one that works at Apple now.
He's done well.
Designed it for you.
And the base comes from Utah and is 24 karat gold.
And it sits, I'll take the liberty of sudden it all.
Wow.
Congratulations.
Thank you, Mr. Franchis.
Thank you.
The great people of Kentucky.
You're going to find it a great place to do business, too.
It's fantastic.
Isn't that nice?
We're doing these things now in the United States instead of other countries, far away countries.
This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America with the mass infusion of capital it's announcing today.
donald j trump
Apple will also build a 250,000 square foot server manufacturing facility in Houston and invest billions of dollars to construct data centers across the country from North Carolina to Iowa to Oregon.
unidentified
That's big stuff.
Apple will also open state-of-the-art manufacture economy.
It's going to be a manufacturing academy in Detroit, and that's a great place to do.
You know, big things are happening in Michigan and Detroit.
donald j trump
They're coming in because of what we've done with the, I call it the Great Big Beautiful Bill.
unidentified
I added one word, great.
But we have probably the biggest, most comprehensive piece of legislation ever passed.
donald j trump
It's going to mean unbelievable numbers of jobs and no jobs on, think of this, whether it's tips or overtime or social security, no tax.
So no tax on tips, no tax on social security, no tax on overtime.
unidentified
And it's just a small bit of it.
For Apple and others' businesses, we're talking about the deductions and all of the things.
And actually, for people that go out and buy a car, first time it's ever been done, we talk about deductions for companies, but they're going to be able to deduct interest when they borrow money to buy a car if it's made in America.
It has to be made in America.
So it is amazing.
And one of the reasons I think I can say that Apple's coming here is the legislation we just passed with this kind of investment.
Apple will also open other facilities, rare earth magnets from Texas and build, oh, I love that you're doing this.
I love that.
donald j trump
I love that.
unidentified
And build a brand new rare earth recycling line in Mountain Pass, California.
I know that area.
That's where they have a lot of truly rare earth.
donald j trump
That's fantastic.
unidentified
I love that.
And Apple will help develop and manufacture semiconductors and semiconductor equipment in Texas, Utah, Arizona, and New York.
For years, Americans have watched as many of our leading tech giants built their factories overseas and exported American jobs abroad.
But under the Trump administration, we're doing everything possible to make this the best place on earth to build a factory or grow businesses.
donald j trump
I'm allowing them to build electric-producing plants with their factory because otherwise they'd have to hook into the grid.
unidentified
And I think it's one of the biggest things we've done where you can build, Tim, your own electricity.
You become your own electric manufacturer, and that goes along with the plant.
So you become a utility.
So congratulations, now you're in the utility.
I hope they don't value your company based on utility, but that's okay.
You're going to be making your own electricity.
And as you probably know, for much of this and much of many of the things that we're doing, especially the AI, they would need actually double the electricity that the country now produces for everything.
So it's massive electric, and they're going to be able to make their own, and they're getting very fast approvals.
Lee Zeldon is doing a fantastic job, including with a 100% expensing on the one big, beautiful bill.
donald j trump
In return, we're asking our businesses to invest in America, and they're coming in at levels that we've never seen before.
So I don't know when it shows up, but there are a lot of factories and a lot of plants that are either under construction or soon will be starting construction.
unidentified
So can't tell you exactly when, but I want to be around in about a year from now and two years from now because we're going to see an explosion, I think, like this country has never seen before.
Never.
Today's announcement is one of the largest commitments in what has become among the greatest investment booms in our nation's history and we've got the hottest country anywhere in the world.
donald j trump
You know, I told you the story that, and Tim, I'll tell you, but I went to the Middle East and I was with Qatar, I was with UAE and the king of Saudi Arabia, all great leaders.
unidentified
And then I went to NATO and saw many great leaders.
We just finished that about four weeks ago.
Everyone, virtually everyone said, in effect, that we were a dead country one year ago.
America, this was a dead country.
We were dying, we were dead.
And now you've got the hottest country anywhere in the world.
This would have never happened except for certain people.
Thank you very much.
I appreciate it.
NVIDIA is investing $500 billion to go along with Apple $600 billion, $600 billion.
donald j trump
Micron, great company, is investing $200 billion.
IBM is investing more than $150 billion.
unidentified
SoftBank is investing substantially more than $100 billion.
TSMC is investing $200 billion.
Johnson Johnson, $55 billion.
Merck, Stellantis, and General Motors are putting many, many billions in.
They haven't determined the final number.
And many other countries are investing tens of billions of dollars.
And I'm not going to give you the whole list because the list is too long to read.
But it's hundreds of billions and even trillions.
I mean, it's trillions of dollars is being invested right now.
Last week it was announced that our economy grew at 3% in the second quarter, and consumer confidence is surging.
Blue-collar wages are rising rapidly.
Costs are way down.
You know, I listen to these horrendous frauds on CNN and various other fake news networks.
And they say costs are up.
donald j trump
No, no, costs are down.
unidentified
Gasoline is down.
It's going to soon, I believe, be less than $2 a gallon.
It's around 240 right now, many places other than a California where they tax you out of business, and a couple of others.
donald j trump
But gasoline is way down.
unidentified
The price of groceries are down.
How about eggs?
When I first came here, my first week, the press hit me very hard on eggs.
donald j trump
Eggs had quadrupled or something.
unidentified
I said, I didn't know about it.
Give me a chance.
I've just been here for four days.
Well, eggs are down.
Everything's down.
Price is down.
The only thing that's up is stock prices.
That's really up, and that's through the roof.
donald j trump
The stock market has been hitting all-time records, all-time highs.
unidentified
Last week it was announced that our economy grew at levels that we haven't seen in a long time.
donald j trump
But the real levels of growth are going to be judged in a year from now when you start seeing some of these incredible plants because we have car plants opening.
unidentified
They're coming in from Canada, from Mexico, and from all over the world.
And they're coming in because they like the way the election worked out, but they also like the fact that they don't want to pay tariffs.
And the tariffs, I think we'll be taking, well, we're taking in hundreds of billions of dollars in tariffs.
I won't be so specific other than to say, because we don't even know what the final number is.
We just made a deal, as you know, with the EU where they're paying hundreds of billions of dollars.
Japan paying hundreds of billions of dollars and numerous other countries paying hundreds of billions of dollars.
And we're not even completed there.
And as you know, they found 25 billion three weeks ago.
They said we have a surplus of $25 billion.
And they said, where did this come from?
I said, check the tariffs.
And they checked.
donald j trump
They said, you're right.
unidentified
That's where it came from.
donald j trump
And we've really just started.
This is just in its infancy.
unidentified
So we have a great country.
We have a country that is going to be very rich.
It's a country that we're very proud of, but it's going to be very rich.
And it's companies like Apple, they're coming home.
They're all coming home.
And we want them to come home.
They have to come home.
We're going to treat them really well.
We're going to be putting a very large tariff on chips and semiconductors.
But the good news for companies like Apple is if you're building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge.
In other words, we're not going to be charging.
donald j trump
So a lot of countries, a lot of companies are leaving various other places and they're coming to the United States.
So in other words, we'll be putting a tariff on of approximately 100% on chips and semiconductors.
unidentified
But if you're building in the United States of America, there's no charge, even though you're building and you're not producing yet in terms of the big numbers of jobs and all of the things that you're building.
If you're building, there will be no charge.
donald j trump
So I just want everyone to know that.
And I didn't even tell you that inside.
unidentified
We discussed the concept, but I didn't.
donald j trump
So it's a big factor.
So 100% tariff on all chips and semiconductors coming into the United States.
unidentified
But if you've made a commitment to build or if you're in the process of building, as many are, there is no tariff.
Okay?
If for some reason you say you're building and you don't build, then we go back and get, we add it up.
It accumulates and we charge you at a later date you have to pay.
And that's a guarantee.
donald j trump
So that's a big statement.
unidentified
And I think the chip companies are all coming back home.
They're all coming back.
You know, we started with Intel, and gradually Intel was just taking over the coals.
They were taken to the cleaners, frankly, and moved to other places, in particular Taiwan.
But I think A lot of those companies are coming back and they're coming back very rapidly, so that's a big statement, 100% tariff.
I want to thank you very much.
Tim, would you like to say a few words about your company, please?
Good afternoon, everyone.
Mr. President, thank you very much for having me here today.
You've been a great advocate for American innovation and manufacturing.
I'm grateful for your leadership and your commitment.
That's a commitment we share at Apple because American innovation is central to everything we do.
tim cook
Our products are designed here, we're hiring and growing here, and we support 450,000 jobs with thousands of suppliers and partners in all 50 states.
unidentified
Earlier this year, we made our largest ever spending commitment, $500 billion to the U.S. over the next four years.
That's already yielding results.
tim cook
Earlier this year, we broke ground on a new factory in Houston to make advanced AI servers, and just last month, the very first test unit rolled off that factory's line, proudly made in America.
unidentified
President Trump shared some kind words about that work, but he also asked us to think about what more we could commit to doing.
And Mr. President, we took that challenge very seriously.
I'm glad to be here with you today, and I'm very proud to say that today we're committing an additional $100 billion to the United States, bringing our total U.S. investment to $600 billion over the next four years.
As a part of this, we're launching Apple's American Manufacturing Program.
It will spur even more production right here in America for critical components used in Apple products all around the world.
And we're thrilled to announce that we've already signed new agreements with 10 companies across America to do just that.
First, with today's announcements, I'm proud to say that Apple is leading the creation of an end-to-end silicon supply chain right here in America, from design to equipment to wafer production to fabrication to packaging.
In Texas, we're working with manufacturers like Texas Instruments, Global Wafers America, and Applied Materials.
We're working with AMCOR in Arizona and Broadcom and Global Foundries in New York.
Thanks to President Trump's vision and with his help in his first term, we also led the way to bring TSMC to Arizona by committing to be their first and largest customer.
Today, they're producing tens of millions of chips for Apple using one of the most advanced process technologies in America today.
We're going to keep working with our suppliers to move even more of this incredibly advanced work to America.
And this year alone, American manufacturers are on track to make 19 billion chips for Apple in 24 factories across 12 different states.
Second, we're committed to buying American-made advanced rare earth magnets developed by MP Materials, which will become part of Apple's devices shipped around the world.
MP is the only fully integrated rare earth producer in the United States, and with this partnership, they'll be significantly expanding their flagship facility in Fort Worth, Texas.
We're also thrilled to work together on a cutting-edge rare earth recycling line in Mountain Pass, California.
And third, in Kentucky, we've worked with our partners at Corning to build the world's largest and most advanced smartphone glass production line.
And I'm pleased to announce that very soon, this is for the first time ever, every single new iPhone and every single new Apple Watch sold anywhere in the world will contain coverglass made in Kentucky.
In addition to the American manufacturing program, we're also significantly growing our investments in AI, including expanding data center capacity in North Carolina, in Nevada, in Iowa, in Arizona, in Oregon.
So we're going to keep making investments right here in America.
We're going to keep hiring in America.
And we're going to keep building technologies at the heart of our products right here in America.
Because we're a proud American company, and we believe deeply in the promise of this great nation.
tim cook
Thank you all, and thank you, President Trump, for pulling or for putting American innovation and American jobs front and center.
unidentified
Thank you, sir.
donald j trump
Great honor.
tim cook
Thank you.
unidentified
Thank you.
What a job he's done.
What a job.
Incredible.
I want to thank you very much.
And thank you, JD, for helping along.
donald j trump
Good job.
unidentified
Really good job.
Any questions, please?
Mr. President, Mr. President, you promised on the campaign trail to bring forward a manufacturing renaissance.
You just mentioned $17 trillion in your first seven months or so.
Can you talk about how an investment like this, all the other ones that you laid out, will positively impact the millions of Americans that trusted you with their vote?
Thank you very much.
It changes our country.
I mean, our country is a very different country than it was six months ago.
And people like Tim are coming.
We had Micron in yesterday.
We had all of the big, great companies that you read about, you don't know about, but you read about.
Many of them were making products outside of our country.
donald j trump
Foolishly, we lost them.
unidentified
If we had the right person sitting in that seat, that would have never happened 20 and 30 years ago.
When you look at the chip business, it would have never left our shores.
We had 100% of the chips originally, and then we slowly got taken down to nothing.
We have the biggest chip companies, both of them, but we have the biggest in the world coming in.
donald j trump
They're going to Arizona and beyond.
unidentified
And we're going to have, in a short period of time, we'll be up to almost 50% of the chips from starting in nothing.
And that's something.
donald j trump
But we have the greatest companies in the world coming into our country, and that means jobs, and it means wealth.
unidentified
And wealth means security for our people.
Okay?
Brian?
Yes, sir.
Congratulations on this investment President Trump had.
Thank you.
Great example of putting America first.
What does a labor force look like to fill these jobs that you have?
Do we have enough skilled American workers to fill these?
donald j trump
Well, we do have a lot of workers, and we have a lot of workers that hadn't been looking for work because they were disincentivized, frankly.
unidentified
And people like Tim have tremendous schools and training centers that they build along with a lot of their big plants where they train people on whether it's glass like in Kentucky or computers or whatever they might be doing.
It's a complex world and they train people and they do a great job.
donald j trump
So it's a whole new workforce.
Now, we have a lot of them in energy because, you know, they've always liked energy.
unidentified
As you know, coal has opened up and opened up big.
We brought it back and brought it back in a very large way.
You know, China is right now building 58 coal-fired plants, 58 big ones.
And here we were saying we don't take all.
We have more coal than anybody else in the world.
donald j trump
We have more oil and gas than anybody else in the world.
unidentified
But we have tremendous energy jobs and the energy, as you know, we're booming with energy.
And that's why the gasoline prices are down.
Costs are down.
donald j trump
I just hope when they watch these shows, I watch this, I won't use names because I just make them better known that nobody knows who they are.
unidentified
But I watched this group of people on CNN and MSDNC too, the same thing, where they say, well, costs have gone up.
donald j trump
Costs haven't gone up, they've gone down.
unidentified
I'm telling you, the thing that's gone up is stock, stock prices, and success of our country.
donald j trump
Our country is really, really doing well, successfully.
Yes, ma'am.
unidentified
Yes, Mr. President, have President Delensky agreed to a summit yet?
I mean, where and when would that be?
donald j trump
Well, there's a very good prospect that they will.
unidentified
And we haven't determined where, but we had some very good talks with President Putin today.
And there's a very good chance that we could be ending the round, ending the end of that road.
donald j trump
That road was long and continues to be long, but there's a good chance that there will be a meeting very soon.
unidentified
How do you think you are to a deal?
Excuse me?
How close do you think you are to some kind of deal?
Well, look, I don't want to say I've been disappointed before with this one.
You know, we've solved five wars, plus add to that Iran where we wiped out their nuclear capacity for weapons.
They would have had a weapon within two months, maybe less, and that was totally obliterated.
Turned out it was a total obliteration.
And the pilots and the people that did that job are really, we have the greatest armed forces in the world, but that was really something.
In fact, there's a model of the plane right there.
You've got to bring that up, Susie.
We have to see that.
Look at this.
donald j trump
This was just given to me.
unidentified
You know, we ordered brand new B-2 bombers.
This is a plane that over a period of 36 hours of constant flying.
donald j trump
Look at this.
unidentified
This is the brand new one they just ordered, similar but actually quite different.
It's new and enhanced.
It's an amazing machine.
It went 36 hours.
We had 52 tankers up in the air loading up our planes because this was surrounded by F-22s and F-35s, and it was flawless, Tim.
Even you would say it was flawless.
And every one of those bombs hit their target.
And then we had tomahawks shot in from a submarine 300 miles away.
And they hit every single tomahawk hit its target.
donald j trump
It was amazing.
unidentified
And that was a big threat.
donald j trump
That was a nuclear threat.
unidentified
And here's the new one that we just ordered, a large number of them.
I'll put it in the middle of the morning.
Mr. President, what was the, Mr. President, what was the breakthrough today?
Did Vladimir Putin make some kind of concession that he hasn't been willing to make before?
I don't call it a breakthrough.
donald j trump
I mean, we've been working on this a long time.
There are thousands of young people dying, mostly soldiers, but also, you know, missiles being hit into Kiev and other places.
unidentified
But in terms of soldiers, I think Russia's lost over 20,000 since the beginning of the year, 20,000.
And I guess the estimate for Ukraine is about 9,000.
It's a terrible situation.
We want to get it stopped.
donald j trump
You know, we don't have American soldiers there, but I feel I have an obligation to get it stopped.
This was not my war.
This war would have never started, not even a chance.
unidentified
And it didn't start for four years.
donald j trump
It went four years and didn't start.
But this is Biden's war.
This was on his watch.
unidentified
And you know, it's funny, we had no land was taken from Trump.
It was taken from Bush.
It was taken from Biden, the whole thing they would take from Biden, if it weren't for us.
But it was and it was taken by Obama.
Take a look at what was taken with all of the land that was taken.
Nothing was taken by Russia from us.
Not one ounce of land was taken.
I'm here to get the thing over with.
It would have never started if I were president, and we're here to get it stopped and get the death stopped.
Yeah, please.
President Haske said he would know if he was hacking you along.
What is many confident that he is or isn't doing that this time?
donald j trump
Can't answer the question yet.
I'll tell you in a matter of weeks, maybe less.
unidentified
But we've made a lot of progress.
And as you know, we put a 50% tariff on India on oil.
donald j trump
They're the second largest.
unidentified
They're very close to China in terms of the purchase of oil from Russia.
So I don't know if that had anything to do with it.
donald j trump
But we've had very productive talks today.
unidentified
Yes, ma'am.
President, from federalizing D.C., are you considering taking over the D.C. police?
Is that an option on this?
donald j trump
We're considering it, yeah, because the crime is ridiculous.
unidentified
I could show you a chart comparing D.C. to other locations, and you're not going to want to see what it looks like.
It was just up on television, actually, they were showing it.
Now, we want to have a great, safe capital, and we're going to have it.
And that includes cleanliness, and it includes other things.
We have a capital that's very unsafe.
You know, we just almost lost a young man, beautiful, handsome guy that got the hell knocked out of him the night before last.
And I'm going to call him now.
We wanted to give him a little recovery time.
We just put a call into him.
donald j trump
They're calling back in a little while, but he went through a bad situation, to put it mildly.
unidentified
And there's too much of it.
We're going to do something about it.
So whether you call it federalized or what, and that also includes the graffiti that you see, the papers all over the place, the roads that are in bad shape, the medians that are falling down, the median in between roads that's falling down.
We're going to beautify the city.
We're going to make it beautiful.
And what a shame.
donald j trump
The rate of crime, the rate of muggings, killings, and everything else, we're not going to let it.
unidentified
And that includes bringing in the National Guard, maybe very quickly, too.
Do you want Congress to look at overturning the DC home rule act?
We're going to look at that.
In fact, the lawyers are already studying it.
We have to run DC.
This has to be the best-run place in the country, not the worst-run place in the country.
And it has so much potential, and we're going to take care of it.
You're going to be safe.
You're going to be safe walking down streets.
You're not going to get mugged.
Mr. President, if you do reach a deal with Ukraine and Russia, would you drop the additional tariffs on India?
donald j trump
Well, we'll determine that later.
unidentified
But right now, they're paying a 50% tariff.
One for Mr. Cook as well.
Yeah, please.
The president wants a made-in-the-USA iPhone.
What are the chances that you can actually make that happen?
tim cook
Well, if you look at the bulk of it, we're doing a lot of the semiconductors here.
We're doing the glass here.
unidentified
We're doing the face IV module here.
So there's a ton of it.
And we're doing these for products sold elsewhere in the world.
And so there's a lot of content in there from the United States.
But what about the thing?
We're very proud of it.
Can you make those things?
You're just the final assembly that you're focused on.
And that will be elsewhere for a while.
He makes many of the components here.
And we've been talking about it.
And the whole thing is set up at other places.
And it's been there for a long time.
So in terms of cost and all.
But I think we may incentivize him enough that one day he'll be bringing that.
donald j trump
But he brings most of the stuff.
Look, he's not making this kind of an investment anywhere in the world, not even close.
unidentified
He's coming back.
I mean, Apple's coming back to America.
Thank you.
Mr. President, Indian officials, Indian officials.
Let me go.
Indian officials have said that there are other countries that are buying Russian oil, like China, for instance, buying war.
Why are you singling India out for these additional sanctions?
It's only been eight hours, so let's see what happens over the next year.
You're going to see a lot more.
donald j trump
You're going to see so much secondary sanctions.
unidentified
Yes, ma'am.
Sorry.
You were the driving force behind Operation Warp Speed, these mRNA vaccines that are the gold standard.
Now your health secretary is pulling back all the funding for research.
He's saying that the risks outweigh the benefits, which puts him at odds with the entire medical community and with you.
What is going on?
Research on what?
Into mRNA vaccines.
Well, we're going to look at that.
donald j trump
We're talking about it, and they're doing a very good job.
unidentified
And, you know, that is a past.
Operation Warp Speed was, whether you're Republican or Democrat, considered one of the most incredible things ever done in this country.
The efficiency, the way it was done, the distribution, everything about it has been amazing.
But, you know, that was now a long time ago.
And we're on to other things.
donald j trump
But we are speaking about it.
We have meetings about it tomorrow, actually, tomorrow at 12 o'clock, and we'll determine.
unidentified
We're looking for other answers to other problems, to other sicknesses and diseases.
And I think we're doing really well.
Yes, Mr. Roberto, Mr. President.
You said many times that you want to stop wars in the Middle East.
Now, Prime Minister Netanyahu is contemplating reoccupying Gaza entirely.
Is he defining you, sir, or are you giving him a green light?
donald j trump
Well, we have stopped wars in the Middle East by stopping Iran from having a nuclear weapon.
unidentified
And they are, you know, they can say they're going to start all over again, but that's a very dangerous thing for them to do because we'll be back.
As soon as they start, we'll be back.
And I think they understand that.
They're just words.
But, no, we've stopped a lot of wars in the Middle East.
donald j trump
If you think about what we did with Iran, Iran was the perpetrator of hate, a very evil place, and I think it's going to be a lot different in the coming years.
unidentified
Mr. President, do you want to talk to the India penalties?
Do you have any similar plans to enact more tariffs on China as it relates to their purpose?
donald j trump
Could happen.
Depends on how we do.
Could happen.
unidentified
I've got an entertainment-based question for you.
A few weeks ago, Stephen Colbert announced that he was leaving his show.
Howard Stern announced that him and Sirius XM Radio are parting ways.
Do you think the hate Trump business model that's been in the entertainment business is going out of business because it's not popular with the American people?
donald j trump
Well, it hasn't worked, and it hasn't worked really for a long time.
unidentified
And I would say pretty much from the beginning, Colbert has no talent.
donald j trump
I mean, I could take anybody here.
unidentified
I could go outside in the beautiful streets and pick up a couple of people that do just as well or better.
donald j trump
They get higher ratings than he did.
He's got no talent.
unidentified
Fallon has no talent.
Kimmel has no talent.
They're next.
They're going to be going.
donald j trump
I hear they're going to be going.
unidentified
I don't know, but I would imagine because they get, you know, Colbert has better ratings than Kimmel or Fallon.
You know that.
Howard Stern, it's a name I haven't heard.
I used to do a show, used to have fun, but I haven't heard that name in a long time.
What happened?
He got terminated?
Yeah, they're going to separate waves because I think what they're offering, salary-wise, is real low than what he's getting.
donald j trump
You know when he went down?
unidentified
Whenever he went.
You know when he went down?
No, before, when he endorsed Hillary Clinton, he lost his audience.
People said, give me a break.
He went down when he endorsed Hillary Clinton.
Mr. President, have you talked to interviewing Fed candidates yet?
Yeah, we've started the interviewing process.
Scott and I and Howard, a lot of people, JD, we're all, look, we have some great candidates.
It's probably down to three.
He doesn't want the job.
He said, do you like this job better?
Yes, sir.
I mean, he was a candidate, but I don't think he'll take it.
I really don't think he'd take it, actually.
Yeah.
Essentially, we're all from Wall Street, aren't we?
donald j trump
You know, when you get right down to it, the term Wall Street.
Yeah, please.
unidentified
Yep, you made your tax cuts permanent.
You mentioned that the tariffs are bringing in a ton of external revenue.
You've opened up markets, the EU, Japan, South Korea, many others, to American goods like we've never seen before.
How much growth can we expect in the economy now that this model of yours is sort of beginning to really take off?
donald j trump
Well, I think the growth is going to be unprecedented.
unidentified
I think we're going to have growth that's unbelievable.
donald j trump
Now, remember, we're building and just starting to build a lot of these incredible plants.
unidentified
We talked about the electric facilities that we're building, the generating plants, electric generating plants, they're massive and they're going to be great.
And they're going to sell excess electricity into our grid.
So we're going to be having much more electricity than we ever had.
And those plants are going to be taken care of individually.
I know Tim is building one in one of his big factories, but especially for AI, because it needs so much electricity.
donald j trump
So I appreciate the question very much.
unidentified
I think the growth is going to be unprecedented.
Mr. Sir, do you have a phone call about the New York City Mayor Old?
donald j trump
I haven't.
No, I haven't.
unidentified
Mr. President, have you been briefed on what Ghillane Maxwell told Todd Blanche?
No, I haven't.
Have you?
I don't know whether it came up in the city.
donald j trump
I know Todd is a very respected person all over the country, all over the world legally, so I don't know.
unidentified
Mr. President James.
Yeah, please go ahead.
Will the new Fed governor be temporary?
We're probably going to go with a temp and then a permanent, I think.
Are the two Kevins?
So the TEMP is going to be named, I'd say, over the next two, three days, and then we're going to go permanent.
Are the two Kevins the leading contenders for the permanent spot for the chair?
Well, the two Kevins?
The two Kevins are absolutely.
They're both very good.
Mr. Brett, the two Kevins?
Very good.
Mr. President, is Vice President Max hosting a gathering this evening to talk about how to respond to the Epstein situation?
Is he working on what?
Is he hosting some kind of gathering of top advisors this evening to talk about how to respond to the Epstein situation?
donald j trump
I don't know.
unidentified
I could ask you that question.
I don't know of it, but I think here's the man, right?
I saw it reported today, and it's completely fake news.
We're not meeting to talk about the Epstein situation, and I think the reporter who reported it needs to get better sources.
Look, the whole thing is a hoax.
donald j trump
It's put out by the Democrats because we've had the most successful six months in the history of our country.
unidentified
And that's just a way of trying to divert attention to something that's total bullshit.
Okay?
Yeah, please.
A new Gallup poll says that Elon Musk is the most unpopular public figure in the country right now.
I'm wondering, do you miss having him around the White House, or is that poll accurate?
I don't know.
The poll is accurate.
donald j trump
I think he's a good person.
unidentified
I think he had a bad moment, really bad moment.
But he's a good person.
I believe that.
President Trump, are you keeping that?
China is facing potential secondary sanctions for Russian oil.
Them having that tariff, or sanction rather, were not injunes on what going forward.
It may happen.
I mean, I don't know.
donald j trump
I can't tell you yet, but we did it with India.
unidentified
We're doing it probably with a couple of others.
One of them could be China, yes.
Are you keeping that 10 to 12 day deadline that you had given Russia after today's talks?
Yeah, we're pretty much getting close to it right now.
But we're having very serious talks right now about getting out of Ukraine, getting it settled, getting it ended, should have never started, would have never started.
If I were president, it would have never started.
donald j trump
I want to thank Tim Cook.
He's a great, great man, a visionary, a businessman, just about every quality he can have other than athleticism.
I don't know, but I'm looking at him.
unidentified
I'm not 100% sure about you.
donald j trump
You're a good athlete.
I'll bet you're pretty good.
unidentified
I think he's good at everything.
But I want to thank you very much, Tim.
Thank you, sir.
donald j trump
Congratulations.
unidentified
Thank you all very much.
Thank you, Fred.
Thanks, guys.
Thanks, everybody.
Thank you, Brad.
Thank you, thank you, thank you, right behind you.
Thanks, guys.
Thank you, Brad.
Thank you, Brad.
Come on, all right.
natalie winters
Welcome back to the war room.
unidentified
Just say wonderful press conference and press gaggle.
President Trump, Tim Cook, Vice President JD Vance.
natalie winters
I think Lutnik was there.
unidentified
You got the whole team.
We've got a few minutes left in the show, so I want to plug some exclusive stories that I've been working on.
Stephen are supposed to get to them today, but it's all good.
Exposed how Americans are secretly helping China take over United States land.
You can go to nataliegwinters.substack.com to read the report.
But we're digging into a Chinese Communist Party-funded group that is targeting American farmers, congressmen, mayors, local-level agricultural officials.
I was able to obtain essentially their pitch deck.
It's called Why China Matters to the Heartland, and they're pitching officials from every state that they identify as part of the heartland region, trying to get them on board with accepting Chinese investment and ownership of farmland.
There's some stunning statistics in there talking about how they're even doing this through academia.
In 2023 alone, Tennessee and Kentucky experienced a 27% and 54% increase in Chinese student enrollment, respectively.
Those are pretty staggering figures.
And what's even more concerning is that the same group, like I said, it's part of China's United Front Work Department, so that's their foreign infiltration arm.
They've actually been paying to take American college students, most recently, it was 15 students from 15 different universities on tours around China called the Future Agricultural Leaders Delegation, where they're meeting with Chinese officials to essentially propagandize on behalf of the Chinese Communist Party and become supportive of the idea that the Chinese should be able to own farmland here.
And last point, like I said, it's natalie gwinters.substack.com.
natalie winters
You can read the article.
unidentified
In local media, they're also waging information warfare.
They're finding people who used to work, in one case, Greg Frazier, who used to work at the USDA and also on the House Intel Committee.
Make that make sense.
He thought it would be a good idea to write an op-ed for the Kansas City star entitled, Tone Down the Fearmongering About China's Supposed Threat to Kansas Farms.
What he doesn't tell you in his bio is that he actually used to work in China.
He was essentially a consultant for the Chinese Communist Party.
But you can see that they're waging full-blown information warfare from local media, obviously national media too.
natalie winters
But I think this really goes to the idea how it's Americans that have aided and abetted China's takeover of so many vast swaths of farmland here.
unidentified
And we got one other breaking story before we hit Mike Lindell.
You know, this audience, you guys are critical in killing the pandemic treaty, but I hate to be the bearer of bad news.
But the WEF, the United Nations, they are working together now on something called the Global Plastics Treaty.
It's essentially another Trojan horse type initiative, type effort to, under the auspices of wanting to curtail plastic consumption use, production, cradle to grave, the whole thing.
They want to essentially dictate what globally economies can produce, including the United States.
Obviously, President Trump left the WHO, but nonetheless, you're seeing the WEF and UN team up on this to the point where, if we want to toss the tweet up on screen, the World Economic Forum actually identified misinformation as the number one risk that the world is facing in short term.
They think that unexpected natural disasters are our biggest long-term risk, including unexpected AI outcomes and armed conflict due to political discourse.
I'll let you decide if that's predictive programming or not.
natalie winters
But interestingly, the UN declared that it's misinformation and it's essentially criminal to even question the data about climate change.
unidentified
Not even to they call it climate delay, quote, questioning the scientific consensus behind climate change and solutions.
natalie winters
That now makes you, I guess, persona non grata with the UN's concept of what it means to be able to share your voice online.
unidentified
It's not alligywinters.subsech.com.
natalie winters
Make sure you're checking out birchgold.com/slash Bannon.
unidentified
Text Bannon to 989898.
Before we go to Mike Lindell, you also got to check out Tax Network USA.
natalie winters
That's tnusa.com/slash bannon, or you can call 1-800-958-1000 for a free consultation.
unidentified
These sponsors help our show go on.
Mike Lindell, you've got a minute.
The audience loves you.
natalie winters
Hit us with the latest deals.
unidentified
Well, you guys, this is what this week is when two sales collided.
And what we have is we have the free shipping sale that was on, free shipping on your entire order.
mike lindell
You go to mypillow.com forward/slash war room, and that collided with the employee pricing sale.
unidentified
So all the employee prices there.
You got all the my pillows, everything you're getting for employee pricing, what our employees will get.
mike lindell
So you get the best specials ever, plus the free shipping on your entire order.
We've got a special website now just for you guys, mypillow.com forward slash war room.
unidentified
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mike lindell
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unidentified
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mike lindell
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unidentified
You can't beat these two sales that just collided.
And remember to get the mattresses.
natalie winters
I'm going to steal the punchline because we're running up against the end of the show, but it's a win-win.
unidentified
And I always add a third win, maybe even a fourth one, especially today.
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