President Donald Trump says potential trade deals with India, South Korea, and Japan are in progress but insists there’s no rush, claiming the U.S. is already benefiting from existing tariff strategy.
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00:00While potential trade deals are in the works with India, South Korea and Japan,
00:05U.S. President Donald Trump says he is in no rush to finalize these deals,
00:10claiming that the U.S. is already benefiting from the tariffs currently in place.
00:15Well, we have potential deals with them, yeah, but I'm in, okay, I'll tell you this,
00:20I'm in less of a hurry than you are. We are sitting on the catbird seat.
00:24They want us. We don't need them.
00:28President Trump claimed the U.S. is in a strong position,
00:32with over 100 countries eager to make trade deals.
00:35He acknowledged the political risk of his approach,
00:38noting it could cost Republicans control of the House in the midterms,
00:42but said he would stay the course.
00:44His remarks came amid the Commerce Department's reports of the U.S. economy
00:48shrinking by 0.3% annual rate during the first quarter,
00:53the first plunge in the past three years.
00:55Trump blamed former President Joe Biden for the market decline,
00:59asked for a little bit of time for recovery,
01:01and claimed his tariff strategy was already working
01:05as American companies move operations back to the U.S.