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Donald Trump: “We lost five to six billion dollars a day with Biden.”

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

Meet the Press Interview with President Donald Trump on Economy, Immigration, and Foreign Policy

Published May 4, 2025 | Video Starts at 02:23

Costs are. I was able to get down the cost, but even that. It takes a while to get them down, but we got them down good. We lost five to six billion dollars a day with Biden. five to six billion. And I've got that down to a great number right now in a very, in a record time. You know, we're talking about 100 days. (02:23–02:29)

CLAIM

Asserts that the U.S. lost $5-6 billion daily under President Biden.

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 put 145% tariff on [China].”
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“Gasoline is now below in many cases, in many states, below $2 a gallon.”
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“Eggs...were down 87%.”
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“We have between guaranteed spoken for and people that are going to make a decision and announce it pretty soon, close to $9 trillion.”
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“Apple building $500 billion worth of plants.”
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“The chip company from Taiwan, which is the biggest in the world, is committed for 500 billion.”
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“Biden went after [crypto] violently, and then before the election, he changed his tune entirely.”
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“Biden just gave [Ukraine] $350 billion.”
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“5,000 soldiers a week on average are dying.”
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“We subsidize Canada to the tune of $200 billion a year.”
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“Hamas would have had no money because Iran was broke. And now in a period of four years during the Biden administration, they became very…”
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“The Panama Canal was taken over by China, effectively.”
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“Jimmy Carter gave [the Panama Canal] away for $1.”
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“We have the best border in the history of our country.”
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“We lost a trillion dollars to China.”
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“Biden gave us the worst inflation in the history of our country.”
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“The tariffs are going to make us rich.”
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“We had a trade deficit of hundreds of billions of dollars with China.”
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“Prices are down on groceries. Prices are down for oil. Energy prices are down at tremendous numbers for gasoline.”
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“I have it down to a dollar 98 in many states right now.”
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“We were losing hundreds of billions of dollars with China. Now we're essentially not doing business with China, therefore we're saving…”
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“China's getting killed right now. They're getting absolutely destroyed. Their factories are closing. Their unemployment is going through the…”
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“Their economy is really doing badly. Their economy is collapsing.”
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“The car business... they're going to make a fortune because of the tariffs.”
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“I think we probably have close to $9 trillion of investments coming into this country.”
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“Another one's committed for 300 billion.”
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“They're stopping work in Mexico and they're stopping work in Canada and they're all moving here.”
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“I gave the automobile companies a little extra time without penalizing them.”
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“The election was rigged. The facts are in, and it's still being litigated.”
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“I won a lot of court cases.”
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“I think we're going to have the greatest economy in the history of our country.”
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“China is eating the tariffs right now.”
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“He should lower interest rates.”
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“I get to change [Fed Chair Jerome Powell] very quickly anyway, you know, in a very short period of time.”
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“Border means we have the most secure border we've ever had.”
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“We have an emergency. We have a massive emergency overall. It's an overall emergency on immigration.”
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“We have millions of people. We have millions of court cases.”
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“I have the power to ask for [Kilmar Abrego Garcia] to come back if I'm instructed by the attorney general that it's legal to do so.”
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“Total dismantlement [of Iran's nuclear program].”
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“We have thousands of people that are some murderers and some drug dealers and some of the worst people on Earth.”
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“The courts are holding me from doing it.”
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“Many people have been killed, maimed, badly hurt by illegal immigrants that came over that are from prisons and from jails and from mental…”
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“I built a lot of walls. And if we didn't do that, we wouldn't be able to have those.”
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“The Democrats don't want to approve anything. All they want to do is knock out a tax bill we're trying to get approved right now, the…”
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“If it doesn't get approved, it's a 68% tax increase. And that's what the Democrats want.”
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“He found $160 billion worth of fraud, waste and abuse.”
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“It was a corrupt election.”
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“Gasoline is down at numbers that nobody believes possible.”
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“We're drilling like crazy right now.”
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“I won the election. They didn't win the election.”
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“I won the popular vote.”
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“I won all seven swing states by a lot.”
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“I have been investigated more than any person in the history of the United States of America.”
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“I'm in theory the top law enforcement officer as the President.”
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“I want crypto because a lot of people, you know, millions of people want it.”
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“There were hundreds of millions of people that are participating in crypto.”
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“Being president probably costs me money if you really look.”
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“I contribute my entire salary to the government.”
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“Europe is spending a third of the money that we're spending [on Ukraine].”
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“Russia would have to give up all of Ukraine because what Russia wants is all of Ukraine.”
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“European Union leaders have asked me to call Putin so many times because he doesn't return their phone call.”
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“Biden didn't call [Putin] one time.”
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“The war would have never started. And by the way, for four years, it didn't start. I was there for four years.”
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“We don't need their cars. We don't need their energy. We don't need anything that they have.”
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“Canada, they spend less money on military than practically any nation in the world. They pay NATO less than any nation.”
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“We need Greenland very badly. Greenland is a very small amount of people. Which we'll take care of and we'll cherish them and all of that…”
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“Iran has tremendous energy. You know, I put sanctions, if. You know that. I put pretty strong sanctions on two days ago on the oil.”
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“The only thing [Iran] can't have is a nuclear weapon.”
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“Every single sign on the Panama Canal, with the exception of about 15% of them, was in Chinese.”
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“I took cognitive tests and I aced it. I got 100% correct.”
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“Biden is the worst thing that ever happened to old people because he was grossly incompetent.”
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“I do have a vice president. And JD Is doing a fantastic job.”
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