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Trump: «Crucial and first issue of inflation is vitality. They ruined my vitality coverage. After which they went again to it. You already know, they broken it rather a lot, after which they went again to it and began drilling extra. However by the point that occurred, it was already too late.
Most of the issues we’re signing, and that Doug Bergum goes to signal, and Chris Wright, who’s phenomenal—you already know, vitality, the Division of Vitality—we’re going to take rather a lot. We’re going to make some huge cash with vitality.
We have now greater than anybody. We’re going to make some huge cash with vitality. We’re going to make some huge cash with tariffs. You already know, the European Union prices us—they’ve a 20% VAT, however it’s truly a lot greater than that.
And that’s nearly equal to a tariff. And so they’re powerful. They’re very powerful. They don’t settle for our vehicles. They don’t settle for our agricultural merchandise. They settle for nearly nothing.
And but, we take their vehicles, and we take their agricultural merchandise. We take rather a lot from them. So, you already know, we’ve like a $300 billion deficit with the European Union.
So we’ll repair that with tariffs, or they’ll have to purchase our oil. The one factor they’ll do to catch up shortly is purchase our oil and gasoline.»
