English transcript

President, your terrorist policy goes into effect tomorrow.

As you know, a federal appellate court today heard oral arguments about whether or not you had the authority to unilaterally impose those terrorists.

I'm not going to get you to weigh in on the legal arguments, but you're weighing your decision to do that, your authority to do that, based on a 1977 law.

It's never been invoked before.

Why didn't you invoke this law?

Well, we've been winning all along.

I just want to ask you, why didn't you invoke this law in your first term?

You could have taken in billions upon billions of dollars in your first term, but you waited until your second term.

Yeah, because in my first term, I was fighting lunatics like you who were trying to do things incorrectly and inappropriately to a president that was duly elected.

And we did do certain tariffs in the first term.

If you look at China, China, we took in hundreds of billions of dollars from China.

But when COVID came, the last thing I was going to do is tell France and Italy and Spain and a couple of other countries that we're going to hit you with tariffs.

We had to fight the COVID situation when that came.

But if you look at my first term, we took in hundreds of billions of dollars worth of tariffs, but you people didn't cover it very well.