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Donald Trump: “We're doing well in Venezuela, right? It's working good.”

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

President Trump Participates in a Small Business Summit

Published May 4, 2026 | Video Starts at 30:06

Not as exciting as looking at oil wells like Chris gets to do all day long. Right. And speaking of that, We're doing well in Venezuela, right? It's working good. Yes, we Yeah, that was good. That war took us approximately 48 minutes. And actually. And we have. And we have a great relationship. (30:06–30:09)

CLAIM

Asserts that the U.S. is doing well in Venezuela.

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

“As small business owners and operators, the people in this room represent the 36 million small businesses who create 40% of all economic…”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 01:53-02:05
“Biden added $6 trillion worth of new regulations and created an estimated 356 hours of paperwork every year for small businesses.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 05:12-05:23
“We eliminated 129 old regulations for every new one.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 13:45-13:50
“Jobless claims just hit the lowest level since 1969.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 15:21-15:26
“100% of all new jobs have been in the private sector [since my inauguration].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 16:22-16:27
“No president has ever taken [a cognitive test] except me.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 21:45-21:48
“We have hundreds of millions of barrels of oil coming out of Venezuela, going to Houston and different places to have it refined.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 32:08-32:17
“I think today we've announced we're drilling more oil by far than we ever have in the history of our country.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 33:59-34:08
“We lost 54% of our car industry to Canada, Mexico, Germany, Japan, South Korea, other countries, 54% over the years.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 35:27-35:40
“Under four years of the Biden administration, real wages for manufacturing workers fell. It fell $840.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 36:17-36:26
“Under one year of Trump, wages for factory workers increased by $2,500.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 36:26-36:31
“We can't let Iran have a nuclear weapon.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 02:37-02:41
“They have no navy, they have no air force, they have no anti aircraft equipment, they have no radar, they have no nothing.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 02:48-02:58
“Under the last administration and their radical left allies in Congress, small businesses were brutally crushed by the worst inflation in…”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 04:16-04:26
“Last summer I proudly signed the great big beautiful bill. The largest tax cuts in the history of our country and boosting millions of small…”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 06:08-06:19
“We passed no tax on tips, no tax on overtime and no tax on Social Security for our seniors.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 06:28-06:36
“We provided 100% expensing and bonus depreciation.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 07:29-07:35
“Businesses can deduct 100% of the cost of new facilities, equipment and capital investment in the first year.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 07:41-07:49
“We virtually eliminated the unfair estate tax or debt tax for farmers and for small businesses.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 08:36-08:43
“Thanks to these tax cuts, 12 million American small businesses got an average tax cut of over $7,000.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 10:09-10:18
“Our pass through deduction alone is delivering an average of $4,600 in savings to 8 million entrepreneurs.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 10:17-10:25
“Projected to generate $750 billion in economic growth for the country.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 10:25-10:31
“We have a 1 in 129 [ratio of regulations removed for every new one passed].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 14:15-14:22
“Our economy is roaring and factory construction is way up, consumer confidence is way up.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 14:23-14:31
“Business investment is more than triple compared to that of just a short time ago and before I took office.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 14:30-14:38
“More Americans are working today than at any time in the history of our country.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 15:26-15:30
“93% of the stories I get are bad.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 19:39-19:42
“Anybody running for president or vice president should take a cognitive test.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 21:39-21:43
“I've taken three [cognitive tests] and I've aced each one.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 21:47-21:51
“Our tax cuts are boosting revenue.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 26:27-26:30
“That war took us approximately 48 minutes.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 30:11-30:15
“The people of Venezuela are really happy they're seeing things happen that they haven't seen in 20 years.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 30:26-30:32
“The big companies are coming in now and they're building these giant rigs because there's a lot of oil in Venezuela.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 30:39-30:45
“One of the strongest effects of our tax cuts and tariffs is the Trump manufacturing boom.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 34:29-34:37
“We have never had anything like what's happening now.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 34:37-34:41
“The big number is the construction jobs in the country are going through the roof.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 35:04-35:09
“Thanks to the tax cuts and the steel tariffs that I put on, COSA is thriving like never before.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 37:57-38:05
“They've gone from employing, in this case Cosa, 50 people to 125 people.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 38:49-38:55
“Tariffs were a very big part. We had an unfortunate ruling out of the Supreme Court.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 40:30-40:36
“We would have saved 159 billion.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 41:00-41:03
“The tariffs will actually be higher.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 41:25-41:27
“It's made our country rich, really rich.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 41:29-41:33
“I'm going to put tremendous tariffs on [furniture], that process has already started.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 42:56-43:02
“China essentially put [North Carolina's furniture industry] out of business.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 43:28-43:28
“We're putting tariffs on furniture where you'll be able to more than compete.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 43:52-43:57
“Now it's approved, and you're going to be again the furniture capital of the world.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 44:52-44:57
“Last year, Kelly, our Small Business Administration issued $7 billion in loans to 11,000 new startups.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 46:14-46:22
“$1.3 billion in loans to 3,000 veteran-owned small businesses.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 46:14-46:30
“$3.2 billion to American manufacturers helping restore those beautiful words, made in the USA.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 46:34-46:41
“The final price we got fairly recently was to fix [the reflecting pool] as $350 million.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 52:03-52:11
“It was going to take three and a half years [to fix the reflecting pool].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 52:17-52:21
“I think we can do it for about a million nine [to fix the reflecting pool].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 55:02-55:05
“The demolition would have cost $60 million to take the stone out and put new stone in.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 56:12-56:19
“1.9 million versus $350 million.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 57:50-57:56
“Instead of three and a half years, it's one week.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 58:16-58:20
“This will last for at least 50 years and you'll never have a leak.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 58:29-58:33
“In 2008, the company was nearing bankruptcy.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:00:35-1:00:39
“Mark patented a system to boost productivity at the company by more than 400%.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:00:41-1:00:48
“Today they're North America's leading producer of 3D printed sand cores and molds.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:00:59-1:01:05
“We lost our manufacturing business.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:20-1:03:24
“President Obama [said], you'll never get manufacturing back.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:24-1:03:28
“We're heading to [being the biggest manufacturing business in the world].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:30-1:03:32
“I think we'll be higher than at any time in the history of our country [in manufacturing].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:35-1:03:40
“We used to be the manufacturing capital of the world.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:39-1:03:43
“All they had to do is say if you sell your product back into the country, there's going to be 100% tariff.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:50-1:03:56
“Intel Chipmaker, the biggest in the world.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:03:59-1:04:03
“No president protected that industry [chipmaking].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:04:02-1:04:11
“We have the biggest companies coming into, they're pouring into this country.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:04:16-1:04:20
“You've never had a good president on trade, and now you do.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:05:21-1:05:25
“This is the golden age of America.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:06:31-1:06:33
“The stock market's higher now than it was when I assumed [office].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:07:03-1:07:07
“The market would be down 25% [without action].”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:07:06-1:07:09
“The market is at new highs despite all of it.”
President Trump Participates in a Small Business Summit | Uploaded May 4, 2026 | 1:07:37-1:07:41