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Donald Trump: “We had no inflation.”

Featuring: Donald Trump, Republican | President of the United States | National

Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies

Published April 6, 2025 | Video Starts at 11:34

And we also took in a lot of money from other countries, but in particular China, because it was just getting started. And there was. We had no inflation. Who had inflation was Biden. Biden had the worst infl. In the history of our country. I had no inflation. We had a perfect country. We had no wars. (11:34–11:36)

CLAIM

Asserts that there was no inflation during his presidency.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Donald Trump

“We have a trillion dollar trade deficit with China, hundreds of billions of dollars a year.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 02:15-02:21
“They have a surplus of at least a trillion do this a year.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 02:33-02:38
“If they [El Salvador] can house these horrible criminals for a lot less money than it costs us, I'm all for it.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 03:45-15:24
“Because of the tariffs, we have $7 trillion already committed to be invested in the United States.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 03:53-04:01
“Thousands, companies are going to relocate back into the United States.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 05:14-05:20
“We will be taking in over a trillion dollars over the next short period of time with the tariffs that I've already instituted.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 05:51-06:01
“Hundreds of billions of dollars is pouring into our country on a monthly basis.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 06:59-07:05
“Europe has had a tremendous surplus with the United States.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 07:20-07:26
“They don't take our cars, they don't take our food products.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 07:40-07:44
“We put a big tariff on Europe.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 07:58-08:01
“The United States can't lose $1.9 trillion on trade.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 09:07-09:13
“We can't do that and also spend a lot of money on NATO in order to protect European nations.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 09:12-09:20
“The bombing goes on and on and every week people and thousands of young people are being killed.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 09:49-09:56
“It was largely true. The report is that we had a deal pretty much for Tic Tac.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 10:21-10:25
“I took in hundreds of billions of dollars from China.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 11:22-11:27
“Biden had the worst inflation in the history of our country.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 11:35-11:38
“Biden allowed millions of people to come in.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 12:15-12:18
“In their [El Salvador's] prison system, they spend a tiny fraction of the money that this country spends.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 14:02-14:09
“We had no problem with Iran. We had no problem with anybody. And then you had October 7th, and that was all because Iran, as you know, was…”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 14:39-14:53
“We have massive surplus countries that we're dealing with. We have massive deficits.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 16:13-16:21
“The European Union was formed for one reason. You know what that was? To rip off the United States.”
Press Conference with President Trump on Tariffs, Trade Deficits, and Economic Policies | Uploaded April 6, 2025 | 16:52-16:59