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Trump: «A very powerful and first issue of inflation is power. They ruined my power coverage. After which they went again to it. , they broken it lots, after which they went again to it and began drilling extra. However by the point that occurred, it was already too late.
Lots of the issues we’re signing, and that Doug Bergum goes to signal, and Chris Wright, who’s phenomenal—, power, the Division of Power—we’re going to take lots. We’re going to make some huge cash with power.
We have now greater than anybody. We’re going to make some huge cash with power. We’re going to make some huge cash with tariffs. , the European Union fees us—they’ve a 20% VAT, however it’s really a lot greater than that.
And that’s nearly equal to a tariff. And so they’re powerful. They’re very powerful. They don’t settle for our automobiles. They don’t settle for our agricultural merchandise. They settle for nearly nothing.
And but, we take their automobiles, and we take their agricultural merchandise. We take lots from them. So, , we now have like a $300 billion deficit with the European Union.
So we’ll repair that with tariffs, or they’ll have to purchase our oil. The one factor they’ll do to catch up rapidly is purchase our oil and gasoline.»