- Trump defended the new US tariffs, saying they would bring investment instead of hurting the economy.
- He also repeated his claim that tariff threats prevented last year's India-Pakistan conflict from escalating.
- Trump defended new tariffs on forced labor imports, claiming they'll attract billions, boost the economy, and revive manufacturing.
- Trump stated that the tariffs would not hurt the economy, saying, "No, because it's bringing hundreds of billions of dollars."
- He mentioned that the latest tariffs were introduced through a different legal route after the US Supreme Court struck down his earlier tariff regime.
- Trump claimed that the threat of tariffs stopped India and Pakistan from going into a nuclear war, referring to Operation Sindoor.
- Operation Sindoor was launched by India on May 7 last year, targeting terror infrastructure in Pakistan.
- Trump argued that tariffs had revived key manufacturing sectors in the United States by encouraging companies to move production back home.
- He highlighted that tariffs have saved General Motors and attracted investments from companies like Toyota.
President Trump defended the recent tariffs, stating they would not hurt the U.S. economy but instead attract billions in investment and revive manufacturing.
"No, because it's bringing hundreds of billions of dollars," Trump asserted when questioned about the economic impact of the tariffs.
He emphasized that the tariffs, particularly those on forced labor imports, were a necessary measure after the Supreme Court invalidated his previous tariff regime under the International Emergency Economic Powers Act (IEEPA).
Trump claimed, "The threat of tariffs stopped India and Pakistan from going into a nuclear war," referencing the tensions surrounding Operation Sindoor, which India launched in May last year.6
He highlighted the positive effects of tariffs on U.S. manufacturing, stating, "They have the best gear. They have the most trucks, the most cars. The tariffs have saved General Motors."910
Trump also noted that "Toyota just left Mexico" to invest USD 12 billion in new plants in the U.S. to avoid tariffs.
The U.S. Trade Representative has imposed tariffs of 10% to 12.5% on 60 countries for failing to enforce prohibitions against forced labor imports, which Trump described as a way to protect American jobs and boost the economy.
"Now, I have other ways of doing the same thing, but it's a more cumbersome, you know, way of doing it. But the tariffs have made this country a fortune. It made the country rich," Trump concluded.
“Trump stated that the new tariffs are expected to attract billions in investment and revive manufacturing sectors in the US. He emphasized that companies like Toyota are moving production back to the US, with plans for a $12 billion investment to avoid tariffs.”
