Trump Archive
Video101 min read

Interview: Norah O'Donnell Interviews Donald Trump on 60 Minutes - November 2, 2025

12:00 AM
Note

[CBS News correspondent Norah O'Donnell conducted a detailed interview with President Donald Trump on Oct. 31, 2025, at Mar-a-Lago for "60 Minutes." CBS stated the interview was approximately 90 minutes. A 28-minute version was aired on Sunday, Nov. 2, 2025, and was edited for broadcast. You can view the video here: https://cqrc.al/cbs-60-min-broadcast-20251102-youtube. You can read the transcript of that broadcast here: https://cqrc.al/cbs-60-min-broadcast-20251102]

Note

[CBS simultaneously released a 73.82-minute full interview, noting it was edited and condensed for clarity. CBS also published what it said was a full version of the transcript. That video is available here: https://cqrc.al/cbs-60-min-extended-20251102-youtube and the source transcript is here: https://cqrc.al/cbs-60-min-extended-20251102]

Note

[Roll Call Factba.se reviewed our transcript of the video and compared it with the official transcript. We found 39 edits to CBS' full version of the interview, where anywhere from a partial sentence to several paragraphs were removed from the video but were reflected in the official transcript. In total, 2,094 words of the 17,358-word interview (12.06%) were cut from the video. In addition, a large section of approximately 2,440 words was moved within the video to change the sequence of the interview. It was reflected in a different section on the official transcript.]

Note

[The below is the canonical transcript, with the notation "Transcript only" to indicate what was removed from the extended video. The large section moved within the video is also noted. Minor style changes and transcription errors were fixed throughout without notation.]

Note

[Please also note CBS has asked that we not republish the video interview, either edited or in its entirely. We present the transcript without video here.]

Note

[CBS Editor's Note: On October 31, 2025, correspondent Norah O'Donnell spoke with President Donald J. Trump at Mar-a-Lago in Palm Beach, FL, and this is a transcript of that conversation. They started by discussing the president's recent meeting with China's President Xi Jinping.]

Donald Trump

[Transcript only] Well, first of all, we get along great, and we always really have. We had the COVID moment, which was not -- attractive as far as I was concerned. I wasn't so happy. But outside of that, we have always had a great relationship. He's a powerful man. He's a strong man, a very powerful leader.

Donald Trump

[Transcript only] And -- we've always -- had the best of relationships, probably the best of -- I could -- I think I could speak for him, just about as good as it gets from his standpoint and from my standpoint.

Donald Trump

[Transcript only] And having that is important because of the power of the two countries.

Norah O'Donnell

What did you get out of this deal that you wanted?

Donald Trump

Well, I got sort of everything that we wanted. We got -- no rare earth threat. That's gone, completely gone. We have tremendous amounts of -- dollars pouring in -- 'cause we have -- very big tariffs, almost 50%. We never had anything in terms of tariffs, although I put tariffs on China, but Biden let it lapsed by the -- by the fact that he gave exemptions on almost everything, which was just ridiculous.

Donald Trump

But -- we have -- billions and billions of dollars coming in, and we have a very good relationship. I mean, we have -- a great relationship with a powerful country. And I've always felt if we can make deals that are good, it's better to get along with China than not, if you can't make the right kind of a deal than not, because, you know, China, along with many other countries (they're not alone in this), they've ripped us off from day one.

Donald Trump

They've ripped us so much. They've taken trillions of dollars out of our country. And now they're -- it's the opposite. I mean, we're doing very well with China, and hopefully they're gonna do very well with us. But I do think it's important that China and the U.S. get along, and we get along very well at the top.

Norah O'Donnell

This trade war, though, was hurting Americans. I mean, our soybean farmers. China had stopped buying the soybeans.

Donald Trump

Yeah.

Norah O'Donnell

[Transcript only] As you mentioned, they were --

Norah O'Donnell

-- China was withholding these rare earth materials that you need for everything from smartphones to -- to build submarines.

Donald Trump

Sure.

Norah O'Donnell

What -- what was the crucial thing? I mean, how tough of a negotiatior --

Donald Trump

Well, when you say hurting --

Norah O'Donnell

-- is President Xi --

Donald Trump

-- it was a temporary hurt. It was a hurt because -- I was takin' in a lot of money from China. We're doing very well against China. And all of a sudden they said, "You know, we have to fight back." And so they used their powers. The power they have is rare earth because of the fact that they've been accumulating it and -- and really taking care of it for a period of 25, 30 years.

Donald Trump

Other countries haven't.

Donald Trump

[Transcript only] Now we are. I mean, we have tremendous rare earth, and it's going to be -- you know, it's going to be -- it'll be a strength, but it won't really be a strength if everybody has it. Everyone's gonna have it pretty soon. And they were doing it -- on a singular basis. Now --

Donald Trump

-- they use that against us, and we used other things against them. For instance, airplane parts. That's a big deal. They have -- hundreds of Boeing airplanes. We wouldn't give them parts. We were both acting -- maybe a little bit irrationally, but the big thing we had was tariffs ultimately. I said, "Look, if you don't open up, then what we're gonna do is we're gonna impose a hundred percent tariff over and above what you're already paying." And as soon as I said that, they came to the table.

Donald Trump

We met in South Korea, as you saw, right? A lot of people watched. And -- we made a really good deal. And it was good for them also, I hope. I mean, I want 'em to be good for both sides, but -- we'll be takin' in hundreds of billions of dollars -- in the form of tariffs. You know, tariffs are incredible, because they really give us great national security.

Donald Trump

As an example -- when they pulled the rare earth on us and the rest of the world, if we didn't have tariffs to fight back, I -- I immediately instituted a 100% tariff over and above what they were already paying. And when I did that, they immediately came to the table. Without tariffs, we would not have had that privilege.

Donald Trump

We would have -- not have had that right. Tariffs give us national security and great wealth.

Norah O'Donnell

You talked about those rare earth minerals. Of course --

Donald Trump

Yeah.

Norah O'Donnell

-- I -- my understanding is about 90% of them come from China. That's their --

Donald Trump

Right now.

Norah O'Donnell

Yeah --

Donald Trump

But within a short period of time -- we'll have everything we need for ourselves. You know, we've instituted an emergency program, and we will have -- within a year from now to a year and a half, we'll have everything we need, no matter what kind of a threat is being --

Norah O'Donnell

How? How do we do that?

Donald Trump

Because we've taken over. First of all, you saw the partnerships w- -- we've established with Japan, with Australia, with U.K., w- -- with just about everybody, frankly. And we're all doing it together. You know, this wasn't a threat against the United States. This was really a threat against the world. So the w- -- whole world has come together, I think, at our behest.

Donald Trump

And rare earths, in -- within two years, rare earths will cea- -- really cease to be a problem.

Norah O'Donnell

The one thing that China wants but it doesn't have is the world's most advanced semiconductors.

Donald Trump

That's right.

Norah O'Donnell

That's what the United States has. Will you --

Donald Trump

Chips in particular.

Norah O'Donnell

Chips. That's right --

Donald Trump

Yeah.

Norah O'Donnell

Will you allow the chip maker, Nvidia, to sell their most advanced chips to China --

Donald Trump

No. No, we won't do that. But --

Norah O'Donnell

It's not on the table at all?

Donald Trump

-- we will let them -- deal with Nvidia. Nvidia's the prime -- company in the world for that. And we will let them deal with Nvidia but not in terms of the most advanced. The most advanced, we will not let anybody have them other than the United States.

Norah O'Donnell

Because then they would win the AI race.

Donald Trump

Well, they wouldn't win it necessarily, but they would certainly have -- an equal advantage. Right now we're winning it because we're producing electricity like never before by allowing the companies to make their own electricity, which was my idea, which nobody, frankly, had thought of. These massive plants that are being built are building their own electric generating plants along with the plant itself.

Donald Trump

And that gives them all the electric they need without going to an old grid that's, you know, 150 years old. And -- they're makin' it -- themselves, and then they're selling back any excess electricity into the grid, so we benefit in all ways. But most importantly, it allows the c- -- the companies to go immediately forward.

Donald Trump

We're getting -- approvals done in two and three weeks. It used to take 20 years. And we are leading the AI race right now by a lot. We are leading it by numbers that people have no idea. It's been -- it's been really great. We've been very, very far-reaching for it -- th -- look, that's the new internet.

Donald Trump

That's the new everything all put together. The AI race is a big deal.

Norah O'Donnell

Mr. President, you just negotiated this one-year trade deal with China --

Donald Trump

Yep.

Norah O'Donnell

But as you know, the Chinese, they think in a hundred years.

Donald Trump

Sure.

Norah O'Donnell

They play the long game, including on our own soil.

Donald Trump

We play the long game too.

Norah O'Donnell

Our own intelligence agencies say the Chinese have infiltrated parts of the American power grid and our water systems. They steal American intellectual property and Americans' personal information. They bought American farmland. How big of a threat is China?

Donald Trump

It's like everybody else. We're a threat to them too. Many of the things that you say, we do to them. Look, this is a very competitive world, especially when it comes to China and the U.S. And -- we're always watching them, and they're always watching us. In the meantime, I think we get along very well, and I think it's -- I think we can be bigger, better, and stronger by working with them as opposed to just -- knocking them out --

Norah O'Donnell

Hmm.

Donald Trump

-- of the economy. They can produce things that we don't want to produce because it's not really worth our while -- making -- undergarments, makin' this -- you know, certain things. We don't want to do that, and we can buy them inexpensively from other places in the world while we can lead the world in AI, and chips, and lots of other things.

Donald Trump

Within -- two years from now, we'll have 40% or 50% of the chip market. What's happening here, the biggest companies are leaving Taiwan. They're coming into the United States because of tariffs. If we didn't have tariffs, they wouldn't be doing it because --

Norah O'Donnell

In how many years? You think we'll be producing --

Donald Trump

I think in two years, we'll start opening up plants and we'll have a very substantial portion of the chip market. Right now we have almost none. We should have had a hundred percent. If we had par -- if we had presidents that knew anything about business or knew what they were doing, because, frankly, they didn't. We lost 50% of our automobile business.

Donald Trump

It's all coming back. We lost a hundred percent of the chip -- you know, it used to be all Intel and other companies. And what happened is other countries came in, and they stole our chip business, and we didn't charge tariffs. If we would have charged let's say a 100% tariff, none of those companies would have left.

Donald Trump

But they all left. Now they're all coming back, Norah, because the only way they avoid the tariffs is to build in our country. If they build in our country, make their plant and make their product in our country, then it's a very simple thing. They -- they don't have any tariff to pay.

Norah O'Donnell

Uh-huh.

Donald Trump

And that's what they want to do. And so instead of charging somebody a 100% tariff and you can make your product outside, they come in, and they make -- and this is why we have $17 trillion being invested in the United States right now. By the time it -- it -- just to show you how big that is, it's the biggest in history by many times.

Donald Trump

No other country's been any -- seen anything like it. The Biden administration in four years did less than a trillion. We have 17 trillion -- more than $17 trillion right now, and I'm in my ninth month. By the time we finish up, I think we're gonna have over $20 trillion invested in the United States or to be invested in the United States --

Norah O'Donnell

How will that trickle down to the average worker?

Donald Trump

Because of jobs, because they're building plants. W- -- we're bringing back the auto industry into our country. We lost 58% of the automobile manufacturing business to other countries. You know, we used to be the king of automobile and automobile manufacturing, and now we're not really the king anymore, you know?

Donald Trump

Within a year and a half, two years, we're gonna be the king again. We're gonna -- the -- the -- as an example, I was also in Japan, as you know, and South Korea. We had -- the biggest Japanese companies are investing billions of dollars in building auto plants in the United States. If I weren't elected -- if I weren't elected, we would be losing all of these jobs.

Donald Trump

We would be losing far more of the auto industry. We would be nowhere in chips. Our country would have been bankrupt, and we would have had a bigger welfare roll. They would have expanded welfare and forgotten about everything else. Now we're building a country that's gonna be so strong, I don't know if you saw the last numbers in terms of employment.

Donald Trump

They're all non-government jobs. Not just government. Government jobs are easy. I could -- I could immediately inc -- do anything I want with government jobs. I'd just say, "We're gonna add up -- we're gonna add on a million government jobs," and you're gonna say, "Oh, what wonderful numbers." They don't mean anything.

Donald Trump

We are building jobs at a level that nobody's ever seen before. But when all of these plants that are currently under construction and to be under construction, when they open, we're gonna have an economy like our country has never seen before, the strongest economy in the world. We're doing very well. By the way, the stock market just hit -- perfect timing for your show, just hit an all-time high.

Donald Trump

[Transcript only] It's hit an all-time high 48 times during the course of my -- nine-month period. But just yesterday, the stock market hit an all-time high.

Donald Trump

We're doing really well --

Donald Trump

[Transcript only] -- and everybody knows it --

Norah O'Donnell

[Transcript only] Can I ask --

Donald Trump

[Transcript only] Let's put it this way --

Norah O'Donnell

[Transcript only] Can I -- can I ask you --

Donald Trump

[Transcript only] The smart people know it.

Norah O'Donnell

Uh-huh. Can I ask you, Mr. President --

Donald Trump

The smart people definitely --

Norah O'Donnell

-- on that point, though?

Donald Trump

Yeah.

Norah O'Donnell

When the stock market is doing well, that doesn't affect everybody. Not everybody's invested.

Donald Trump

It does. Oh, it does.

Norah O'Donnell

-- in the stock market --

Donald Trump

It does.

Norah O'Donnell

But there have been -- grocery prices are up --

Donald Trump

Look, 401(k)s. People have 401(k)s. Their 401(k)s are double what they were a year ago.

Norah O'Donnell

Uh-huh. But for people that don't have 401(k)s,

Donald Trump

Well, I mean, sure --

Norah O'Donnell

-- who are not invested in the stock market --

Donald Trump

Sure. But -- but --

Norah O'Donnell

-- they've seen their grocery prices go up, inflation --

Donald Trump

No, you're wrong. They went up under Biden. Right now they're going down. Other than beef, which we're working on, which we can solve very quickly. So the beef -- the ranchers have really taken a drubbing over a 30-year period. Because of what I've done, the ranchers have done well. But with that, the beef price went up a little bit.

Donald Trump

We're gonna get the beef price down very quickly. It'll be very nice, just like eggs. When I first took over, eggs were double, triple, quadruple what they were. This was because of Biden. All of these problems were caused by Biden, whether it's -- the people that came into our country through jails. I mean, they were released from jails.

Donald Trump

They were lease -- released from mental institutions into our country. These problems are caused by Biden. We had an open border. Now we have a border that's, as you know, absolutely shut other than --

Norah O'Donnell

How --

Donald Trump

-- people are allowed to come into our country, but they have to come in legally.

Norah O'Donnell

I do want to talk about immigration and some other-

Donald Trump

Sure.

Norah O'Donnell

-- domestic issues. But just -- if we could stay on China for just a moment --

Donald Trump

Sure.

Norah O'Donnell

One potential flash point with China, probably the potential flash point with China in the coming years, is over the issue of Taiwan. The Chinese military is encroaching on Taiwan's sea lanes, its airspace, its cyberspace. I know you have said that Xi Jinping wouldn't dare move militarily on Taiwan while you're in office.

Norah O'Donnell

But what if he does? Would you order U.S. forces to defend Taiwan?

Donald Trump

You'll find out if it happens. And he understands the answer to that.

Norah O'Donnell

Why not say it --

Donald Trump

This never even came up yesterday, as a subject. He never brought it up. People were a little surprised at that. He never brought it up, because he understands it, and he understands it very well.

Donald Trump

[Transcript only] Taiwan is a very interesting case. It's 69 miles away from China. We're 9,500 miles away. But that doesn't matter. He understands -- what will happen. He and I have spoken about it. But it was never even brought up during a two and a ha -- or two-and-a-half-hour meeting we had yesterday.

Norah O'Donnell

Do you mind if I ask, when you say, "He understands," why not communicate that publicly to the rest of us? What does he understand that --

Donald Trump

Well -- -- I don't want to give away -- I can't give away my secrets. I don't want to be one of these guys that tells you exactly what's gonna happen if something happens.

Norah O'Donnell

I don't wanna --

Donald Trump

The other side knows, but -- I'm not somebody that tells you everything because you're askin' me a question. But they understand what's gonna happen. And -- he has openly said, and his people have openly said at meetings, "We would never do anything while President Trump is president," because they know the consequences.

Norah O'Donnell

Less than an hour before your meeting with President Xi, you posted on social media that you instructed the, quote, Department of War to start testing our nuclear weapons --

Donald Trump

That's right.

Norah O'Donnell

-- immediately.

Donald Trump

Yeah --

Norah O'Donnell

What did you mean?

Donald Trump

Well, we have more nuclear weapons than any other country.

Donald Trump

[Transcript only] Russia's second. China's a very distant third, but they'll be even in five years. You know, they're makin' 'em rapidly, and --

Donald Trump

I think we should do something about denuclearization, which is gonna be some -- and I did actually discuss that with both President Putin and President Xi.

Donald Trump

[Transcript only] Denuclearization's a very big thing.

Donald Trump

We have enough nuclear weapons to blow up the world 150 times. Russia has a lot of nuclear weapons, and China will have a lot. They have some. They have quite a bit, but --

Norah O'Donnell

So why do we need to test -- -- our nuclear weapons?

Donald Trump

Well, because you have to see how they work. You know, you do have to -- and the reason I'm saying -- testing is because Russia announced that they were gonna be doing a test. If you notice, North Korea's testing constantly. Other countries are testing. We're the only country that doesn't test, and I wanna be -- I don't wanna be the only country that doesn't test.

Donald Trump

[Transcript only] We have tremendous nuclear power that was given to us largely because when I was president (and I hated to do it, but you have to do it) -- I rebuilt the military during my first term. My first term was a tremendous success. We had the greatest economy in the history of our country. But my second term is blowing it away.

Donald Trump

[Transcript only] It's blowing it away when you look at the numbers, the stock market, the jobs. Look at the job numbers, how good they've been. And, again, I have costs down. Remember, Biden gave me the worst inflation rate in the history of our country --

Norah O'Donnell

[Transcript only] I -- I w- -- definitely want to talk about the economy, but I just want to make s- -- sure we -- we button up this issue --

Donald Trump

[Transcript only] Sure.

Norah O'Donnell

[Transcript only] -- on nuclear weapons. And I want to clarify this --

Donald Trump

[Transcript only] Sure.

Norah O'Donnell

Are you saying that after more than 30 years, the United States is going to start detonating nuclear weapons for testing?

Donald Trump

I'm saying that we're going to test nuclear weapons like other countries do, yes.

Norah O'Donnell

But the only country that's testing nuclear weapons is North Korea. China and Russia are not --

Donald Trump

Well, Russia's -- no, no. Russia's testing nuclear weapons --

Norah O'Donnell

So my understanding --

Donald Trump

And China's testing 'em too. You just don't know about it.

Norah O'Donnell

That would be certainly very newsworthy. My understanding is what Russia did recently was test essentially the -- delivery systems for nuclear weapons, essentially missiles, which we can do that but w- -- not with nuclear warheads-

Donald Trump

Russia's testing, and China's testing, but they don't talk about it. You know, we're a open society. We're different. We talk about it. We have to talk about it, because otherwise you people are gonna report -- they don't have reporters that gonna be writing about it. We do. No, we're gonna test, because they test and others test.

Donald Trump

And certainly North Korea's been testing. Pakistan's been testing.

Norah O'Donnell

Not nuclear weapons, is my understanding --

Donald Trump

Of course they have --

Norah O'Donnell

North Korea has, but not nuclear weapons --

Donald Trump

But they don't go and tell you about it. And, you know, as powerful as they are, this is a big world. You don't necessarily know where they're testing. They -- they test way under -- underground where people don't know exactly what's happening with the test. You feel a little bit of a vibration. They test and we don't test.

Donald Trump

We have to test. And Russia did make -- a little bit of a threat the other day when they said they were gonna do certain forms of a different level of testing. But Russia tests, China -- and China does test, and we're gonna test also.

Norah O'Donnell

So we are going to --

Donald Trump

Doesn't it sorta make sense? You know, you make -- you make nuclear weapons, and then you don't test. How are you gonna do that? How are you gonna know if they work? We have to do that --

Norah O'Donnell

Apparently, we don't need to test our nuclear weapons, 'cause they're the best in the world, according to experts I've spoken with --

Donald Trump

According to me. We have the best, and I was the one that renovated them and built them during a four-year period. And I hated to do it, because the destructive capability is something you don't even wanna talk about. But if other people are gonna have 'em, we're gonna have to have 'em. And if we have 'em, we have to test 'em, otherwise you don't really know how they're gonna work.

Donald Trump

And we don't wanna ever use them. And in the meantime, I've solved eight wars. I knocked out eight wars. I had eight wars -- I brought a little list for you if you'd like to see it -- but I took eight wars and stopped during an eight-month period, during eight months. Before the ninth month I stopped eight wars.

Donald Trump

The only one I haven't been successful yet in, and -- and that'll happen, is Russia Ukraine, which I thought actually would be the easiest one because I have a very good relationship with President Putin. But -- we are respected again as a country, and that's the way I've been able to stop the wars. I also stopped them because of trade.

Norah O'Donnell

Who's tougher to deal with, Vladimir Putin or Xi Jinping?

Donald Trump

Both tough. Both smart. Both -- look, they're both very strong leaders. These are people not to be toyed with. These are people you have to take very serious. They're not -- they're not walking in saying, "Oh, isn't it a beautiful day? Look how beautiful. The sun is shining, it's so nice." These are serious people.

Donald Trump

These are people that are tough, smart leaders.

Norah O'Donnell

And on that note, you talk about Ukraine, that being the one war that you are not able to solve. In August, I mean, you rolled out the red carpet for Vladimir Putin in -- Alaska. But there's been --

Donald Trump

Well, I roll out the red carpet for everybody.

Norah O'Donnell

Okay. But is -- but there's been no ceasefire --

Donald Trump

I think I made -- yes, there isn't --

Norah O'Donnell

What's—is he ignoring you?

Donald Trump

-- because he thinks -- because I inherited a country where he thinks he's winning. That was a war that would've never happened if I was president.

Donald Trump

[Transcript only] He even said that. That was a war that would've never happened. Joe Biden was the president. Joe Biden gave $350 billion to Ukraine, including a lot of weapons, a tremendous amount of weapons, which allowed them to fight, 'cause we make the best weapons in the world. You know, I rebuilt our military during my first term.

Donald Trump

[Transcript only] They used a lotta those weapons in that war. We make the best weapons in the world. Now we make even better weapons. But that was --

Norah O'Donnell

So why won't Putin end this war?

Donald Trump

-- that was -- but -- but Norah, that was Joe Biden's war, not my war. I inherited that stupid war. That should not have been a war. That would've never happened if I were president. And by the way, for four years it didn't happen. There was never even a doubt. Then the election was rigged and stolen, and all of a sudden you see them forming up at the line.

Donald Trump

And now I come back and I'm gonna get that one solved too. But I brought, I mean, just a little list of -- of -- look at this, wars. How many did I solve? Cambodia -- this is Cambodia Thailand. Kosovo Serbia. Congo -- the Congo and Rwanda. Pakistan and India, that was gonna be a beauty. They shot down seven planes.

Donald Trump

Israel and Iran, you've heard about that one? Egypt and Ethiopia, that's another beauty. Ethiopia built a big -- dam where there's no water going to the Nile. Armenia and Azerbaijan. And if you take a look, Israel and Hamas, which is a, you know, rough little situation, but it's gonna be --

Norah O'Donnell

I do wanna talk about -- I mean, you have branded --

Donald Trump

Sure.

Norah O'Donnell

-- yourself the peace president.

Donald Trump

Well, I think I did --

Norah O'Donnell

What --

Donald Trump

-- pretty good. I -- I solved -- those are eight of the nine wars I solved. I --

Norah O'Donnell

When --

Donald Trump

-- you know how I solved 'em? I said, in many cases, in 60% I said, "If you don't stop fighting, I'm putting tariffs on both of your countries and you're not gonna be able to do business with the United -- "

Norah O'Donnell

So why isn't that --

Donald Trump

-- with the United States.

Norah O'Donnell

Why isn't that working with Putin?

Donald Trump

It is working with Putin, I think. I did different with him because we don't do very much business with Russia, for one thing, you know? He's not, like, somebody that buys a lot from us because of -- foolishness. And I think he'd like to be. I think he wants to come in and he wants to trade with us, and he wants to make a lotta money for Russia, and I think that's great.

Donald Trump

That's what I like --

Norah O'Donnell

Can you get it done in a couple months, do you think?

Donald Trump

I think we're gonna get it done, yeah. I think he really wants to do business with the U.S. But it did work with India, and it did work with -- Pakistan, and it did work with -- 60% of those countries. I can tell you, if it wasn't for tariffs and trade I wouldn't have been able to make the deals. But I stopped, as an example -- India does a lotta business with us. They were going to war.

Donald Trump

They were gonna have a nuclear war with Pakistan. The -- Prime Minister of Pakistan stood up the other day and he said, "If Donald Trump didn't get involved, many millions of people would be dead right now." That was a bad war he was ready to start.

Norah O'Donnell

Let's talk about --

Donald Trump

Shot down airplanes all over the place. That really -- that was gonna be a bad war. And I told both of them, I said, "If you guys don't work out a deal fast, you're not gonna do any business with the United States." And they do a lotta business with the United States. And they were both great leaders, and they worked out a deal, and they stopped the war.

Donald Trump

That would've been a bad war. It would've been a nuclear war.

Norah O'Donnell

I wanna stay on the issue of foreign policy, and let's turn to our hemisphere. There have been at least eight boats in the Caribbean destroyed by the U.S. military --

Donald Trump

Fortunately.

Norah O'Donnell

And now the USS Gerald Ford, that is the world's largest aircraft carrier, on the way to the Caribbean.

Donald Trump

Mm-hmm.

Norah O'Donnell

Are we going to war against Venezuela?

Donald Trump

I doubt it. I don't think so. But they've been treating us very badly, not only on drugs -- they've dumped hundreds of thousands of people into our country that we didn't want, people from prisons -- they emptied their prisons into our compan -- country. They also -- if you take a look, they emptied their mental institutions and their insane asylums -- into the United States of America, 'cause Joe Biden was the worst president in the history of our country --

Norah O'Donnell

[Transcript only] But why is our aircraft carrier --

Donald Trump

[Transcript only] Let me just finish.

Norah O'Donnell

[Transcript only] -- going down there?

Donald Trump

[Transcript only] Joe Biden was the worst president in the history of our country.

Donald Trump

We had the worst inflation, we had the worst of everything. But the worst thing he did was allow millions of people to come into our country that were many -- in many cases, criminals, murderers, 11,888 murderers were let into our country. Venezuela let a lot of those people in. But they were from all over the world.

Donald Trump

This isn't just Venezuela. They were from all over the world.

Norah O'Donnell

We are gonna talk about --

Donald Trump

And what he did to our country should never be forgotten. He had an open-border process, and people would come in, and I'm not discriminating against tattoos, but people would come in with tattoos all over their faces, and say, "Come on in, come on in, come on in." They let people in that should've never been.

Donald Trump

Venezuela emptied their prisons into the United States of America.

Norah O'Donnell

Mm-hmm.

Donald Trump

And every one of those boats that you see shot down -- and I agree, it's a terrible thing -- but every one of those boats kills 25,000 Americans. Every single boat that you see that's shot down kills 25,000 on drugs and destroys families all over our country.

Norah O'Donnell

We will talk about immigration in a moment, but I just wanna talk about the scale of the military operation around Venezuela, because it has been described to 60 Minutes as using a blowtorch to cook an egg. Is this about stopping --

Donald Trump

Well, I don't think so. Look --

Norah O'Donnell

Is it about -- let me ask you, though. Is it about stopping narcotics? Or is this about getting rid of President Maduro?

Donald Trump

No, this is about many things. This is a country that allowed their prisons to be emptied into our country. To me, that would be almost number one, because we have other countries --

Norah O'Donnell

Well we don't need to blow up boats in order to deal --

Donald Trump

Look, Mexico has been very bad to us in terms of drugs, okay? Very bad. We have a closed border right now. You probably noticed that for five months in a row, they have zero -- think of this, zero people coming into our country through our southern border. And it was millions of people a year just a little more than a year ago.

Donald Trump

Millions of people a year walked into our country totally unchecked, unvetted. We had no idea who they were. And we're never gonna let that happen again. That's what made Biden the worst president, because you know what, inflation I've already taken care of. We had the worst inflation in the history of our country, and now we don't have inflation.

Donald Trump

It's at 2%. It's -- it's the perfect inflation.

Norah O'Donnell

Aren't --

Donald Trump

But what made him so bad -- well, the weaponization of law enforcement, all of that. Look, he was bad in every way. But the worst thing that he did is allow millions, and millions, and millions of people to pour into our country unvetted, unchecked. And they were criminals, they were murderers, they were drug dealers, they were people from jails, and people from mental institutions.

Norah O'Donnell

You -- you have had success on immigration, I wanna talk about that in a minute. But on Venezuela --

Donald Trump

Big success.

Norah O'Donnell

On Venezuela in particular, are Maduro's days as president numbered?

Donald Trump

I would say yeah. I think so, yeah.

Norah O'Donnell

And this issue of potential land strikes in Venezuela, is that true?

Donald Trump

I don't tell you that. I mean -- I'm not saying it's true or untrue, but I -- you know, I wouldn't --

Norah O'Donnell

Why would we do it?

Donald Trump

-- I wouldn't be inclined to say that I would do that. But -- because I don't talk to a reporter about whether or not I'm gonna strike. I'm not gonna -- you know, you're a wonderful reporter, you're very talented, but I'm not gonna tell you what I'm gonna do with Venezuela, if I was gonna do it or if I wasn't going to do it.

Norah O'Donnell

Why do we need an aircraft carrier and all of group -- strike group --

Donald Trump

It's gotta be somewhere.

Norah O'Donnell

Okay.

Donald Trump

It's a big one.

Norah O'Donnell

[Transcript only] I just think it --

Norah O'Donnell

It leads to the suggestion that the United States military is planning a larger operation involving Venezuela.

Donald Trump

Well, we're not gonna allow countries from -- what -- you know, it's countries from all over the world coming in. You know, they come in from the Congo where we just settled that war. But it come -- they come in from the Congo, they come in from all over the world, they're coming, not just from South America.

Donald Trump

But Venezuela in particular -- has been bad. They have gangs -- Tren de Aragua, do you ever hear of it?

Norah O'Donnell

Of course --

Donald Trump

The most vicious gang anywhere in the world. They cut people's hands off if they call up the cops. You know, they call up the police and they said, "Did you call the police?" "Yes, I did. You took my apartment, you live in my building, you took my apartment." They cut his hand off.

Norah O'Donnell

I --

Donald Trump

Don't ever call the police again.

Norah O'Donnell

I fully underst --

Donald Trump

These are animals. Wait a minute. And they came in from Venezuela. Worst gang -- probably the worst gang, most vicious gang in the world. And you know what I did? In Washington, D.C., we had a lot of 'em. We took care of business. They're gone. Washington, D.C., right now is a very safe place, as it should be. Washington, D.C., be -- before I got here was almost like a crime capital of the world.

Donald Trump

It's the capital of this country. To me, it's the capital of the world. You see the way they treat me. I go to Japan, I go to South Korea, I go to Chi -- any place I go, and you know what I call that? Respect for our country. They didn't treat Biden that way. When Biden went there -- first of all, he hardly went anywhere.

Donald Trump

Guy couldn't leave his bedroom. But they didn't treat Biden that way. They had no respect for Biden falling up the stairs going to an airplane three times. I mean, this is a man who should've never been president. This was a rigged election. And we --

Norah O'Donnell

Can I ask --

Donald Trump

-- have to get back -- we have to get to the bottom of that also, because we don't want that to ever happen again. You see what's going on. We don't ever want that to happen again. Look what happened to our country by having Biden as the president.

Norah O'Donnell

I --

Donald Trump

Our country went to hell. And if we --

Norah O'Donnell

I wanted to ask you about Israel --

Donald Trump

-- had another couple of years, if Kamala had won the election, our country right now would be finished. It was a dead country, and now we have the hottest country anywhere in the world. We have the strongest stock market, we have everybody wants to come in. A year ago we were a dead country. Right now we have the hottest country anywhere in the world.

Donald Trump

Think of that. And I did that in nine months. And it's only gonna get better.

Norah O'Donnell

Let's talk about Israel, as we're on foreign policy and talking about some of your successes. You got -- on Israel, you got the remaining Israeli hostages out of Gaza.

Donald Trump

I did.

Norah O'Donnell

You arranged a ceasefire, however fragile that may be. Those are major --

Donald Trump

It's not fragile. It's a very solid -- you know, I mean, you hear about Hamas, but Hamas could be taken out immediately if they don't behave. They know that.

Norah O'Donnell

Mm-hmm.

Donald Trump

If they don't behave they're gonna be taken out immediately. They know that --

Norah O'Donnell

How do you get Hamas to disarm?

Donald Trump

If I want 'em to disarm, I'll get 'em to disarm very quickly. They'll be -- they'll be eliminated. They know that. Don't forget, you said I got the remaining hostages. I got all the hostages out. But I always said the last 10 or 20 are gonna be tough. But we were tough also, and they let 'em all out.

Norah O'Donnell

You were tough --

Donald Trump

And now, by the way, they're getting -- a lot of the bodies are coming out too. Did you know a lot of the parents -- this is very interesting -- were -- the people that lost their child, you know, mostly sons, but sons and daughters, they knew they were dead, in some cases. Do you know that they were as anxious or even more anxious of getting their child out, even though they knew it was a body that we were dealing with, than the people that had a living child -- a living, breathing child that they knew they were alive, if -- if barely, because the way they lived was so horrible.

Donald Trump

And -- you saw yesterday four more just came out. We're gonna get them out too. They're buried in many cases. They're buried under rubble. But we pretty much know where they were. But I didn't get just the 20 out. I got all of the hostages out.

Norah O'Donnell

You pushed the Israeli Prime Minister to make this deal?

Donald Trump

Yeah.

Norah O'Donnell

To get a ceasefire, to apologize -- to Qatar. Can you push Bibi Netanyahu to recognize a Palestinian state?

Donald Trump

Yeah, he's -- he's fine. He's fine. Look, he's a wartime prime minister. I worked very well with him. Yeah, I mean, I had to push him a little bit one way or the other. I think I -- I did a great job in pushing -- he's a very talented guy. He's a guy that -- has never been pushed before, actually. And that's the kind -- that's the kind of person you needed in Israel at the time.

Donald Trump

It was very important. I don't think they treat him very well. He's under trial for some things, and I don't think they treat him very well. I think it should -- you know, we'll -- we'll be involved in that to help him out a little bit, because I think it's very unfair. But he's a wartime prime minister.

Donald Trump

I did, I pushed him. I didn't like certain things that he did, and you saw what I did about that. I also stopped -- you know, I -- we knocked the hell out of Iran, and then it was time to stop, and we stopped. Iran wants to make a deal. They don't say that, and they probably shouldn't say -- no good deal maker would.

Donald Trump

But Iran very much wants to make a deal. The key to Middle East peace -- I made Middle East peace. For 3,000 years they couldn't do it. I did it. And I did it with some very good partners in Israel. But the key to the Middle East peace was knocking the hell out of their potential -- nuclear. When we, with those beautiful B-2 bombers -- we just ordered 20 brand new ones, the newest and the greatest -- but with those beautiful B-2 bombers, when they went in there and they blew the hell out of that, you know, potential nuclear weapons site -- there were two of 'em, actually.

Donald Trump

And every single missile hit every single air shaft. You know, they had to go down an air shaft. Every single one of 'em hit their target. And I remember fake news CNN said, "Well, maybe it wasn't as powerful or as good as we thought." No, it was much -- turned out it was actually better. You know the Atomic Energy Agency said the hit was even stronger than anyone ever thought possible.

Donald Trump

And those pilots did a great job. What they were able to do -- and those machines. But it wasn't only them. They were surrounded by F-22s and F-16s. They were surrounded by F-35s. They were -- do you know we had 52 tanker planes, loading 'em up with jet fuel, because it was a long flight. They flied -- they flew for 37 hours.

Donald Trump

Of course, I flew for thirty -- 42 hours over the last three days, so I know how they feel. But they flew --

Norah O'Donnell

Except there's a bathroom on Air Force One --

Donald Trump

-- but they were sitting in one seat.

Norah O'Donnell

[Laughs]

Donald Trump

I was -- I was able to walk around --

Norah O'Donnell

Yeah.

Donald Trump

-- a little bit. But yeah, they said 42 hours. I've been in the air for 42 hours over a few days -- and that was fine, because we took in trillions of dollars into our country. And we also -- you know what's interesting, Japan took tremendous advantage of us over the years. You know, they sold cars to us, we couldn't sell cars to them.

Donald Trump

They made a fortune, we didn't make anything, we lost money. But it's the exact opposite now. But you know what? They like us more now than they used to because they respect us now. They didn't used to respect us, and they have great respect for us, all of 'em. Every country has -- including China. China now has great respect for us. They didn't have respect for us when they had Biden and when they had Obama.

Donald Trump

Obama was a terrible president. Nobody wants to talk about it because they wanna be politically correct. I don't care. He was a terrible president. Our country was -- it really started a very bad downward spiral. Then I stopped it, then we had a rigged election, and then -- what -- what Biden did to our country should never, ever be forgotten.

Norah O'Donnell

We're still on -- on foreign policy, so I just have another question --

Donald Trump

No, I'm with -- I'm on all policy.

Norah O'Donnell

I know you are --

Donald Trump

I'm not talking about foreign -- no, no. I'm talking about everything.

Norah O'Donnell

Well, I just wanna --

Donald Trump

I'm talking about economy.

Norah O'Donnell

I --

Donald Trump

I'm talking about everything --

Norah O'Donnell

I wanted to ask you about the Crown Prince of Saudi Arabia --

Donald Trump

Yeah.

Norah O'Donnell

-- is coming to the White House --

Donald Trump

That's right.

Norah O'Donnell

-- this month. He has said they won't join the Abraham Accords without a two-state solution. Do you believe that?

Donald Trump

No. I think he's gonna join. I -- I think -- we will have a solution. I don't know if it's gonna be two-state. That's gonna be up to Israel and other people, and me. But -- look, the main thing is you could've never had any kind of a deal if you had a nuclear Iran. And you essentially had a nuclear Iran.

Donald Trump

And I blasted the hell out of 'em, and no president is --

Norah O'Donnell

Are you convinced they have no nuclear capability right now in Iran?

Donald Trump

Do you wanna know -- do you wanna know -- they have no nuclear capability, no. Do you wanna know that -- the pilots, I invited them to the White House --

Norah O'Donnell

I saw that.

Donald Trump

-- 'cause they were very brave. I mean, I wouldn't have wanted to do it, you know, getting in a plane, and they know you're coming, and you're going right into Iran airspace. And, you know, they're very experts, and you're flying in with machines.

Donald Trump

[Transcript only] -- these big, fantastic, unbelievable, beautiful wings that carry massive 100,000-pound bombs, and you don't --

Donald Trump

-- I personally -- I can think of other things I'd rather do. These guys are very brave people.

Donald Trump

[Transcript only] They're -- they were beautiful-looking people. They were -- they're real --

Donald Trump

I mean, they're real American heroes --

Donald Trump

-- and I thought they deserved to be invited. And I invited 'em to the White House, the Oval Office, including the mechanics and the people behind the scenes, I invited --

Norah O'Donnell

I saw that.

Donald Trump

-- a lot of 'em.

Donald Trump

[Transcript only] And they told me something I didn't know. They said, "Sir, for 22 years we've been practicing this route."

Donald Trump

Our predecessors, obviously, before them -- but "our predecessors and ourselves, for 22 years we've been practicing this hit --"

Donald Trump

-- three times a year, every year, for 22 years. And you were the only president that let us do our job. I said, "Let me ask you. Is this a job you wanted to do?" "Yes, sir, 'cause it was the right thing." These are really brave people. These are really amazing people, and talented people. When you can hit at midnight with no moon, with no vision, every single air shaft, where that bomb went deep into that mountain and exploded and beat the hell out of it, I'll tell you what, they deserve to come to the White House.

Donald Trump

I gave 'em all a medal. They deserve to come to the White House. And it was a pleasure to meet 'em. These are great people. We have great people in this country.

Norah O'Donnell

Mr. President, we've talked about foreign policy, now let's focus on issues here at home --

Donald Trump

Okay, sure.

Norah O'Donnell

-- some of that you have already mentioned. We are now approaching the longest shutdown in American history.

Donald Trump

Democrats' fault.

Norah O'Donnell

Under your presidency, we're talking about more than a million federal workers who are not getting a paycheck, including our air traffic controllers. You see there's traffic snarls out at the airports now.

Donald Trump

Sure.

Norah O'Donnell

This weekend food aid for more than 42 million Americans is set to expire. What are you doing as president to end the shutdown?

Donald Trump

Well, what we're doing is we keep voting. I mean, the Republicans are voting almost unanimously to end it, and the Democrats keep voting against ending it. You know, they've never had this. This has happened like 18 times before. The Democrats always voted for an extension, always saying, "Give us an extension, we'll work it out."

Donald Trump

[Transcript only] They don't wanna give us an extension because they used to think it was good for him, but the polls are turning around because -- not turning around. I just saw a poll where they're down 20-25%.

Donald Trump

[Transcript only] What's happening is the people understand they're losing so much, they call it Trump derangement syndrome. They are losing so much that they don't know what to do.

Donald Trump

They've lost their way. They've become crazed lunatics. And all they have to do, Norah, is say, "Let's vote." And you can open the -- the economy could open up during our interview --

Norah O'Donnell

Is there something you can do, though --

Donald Trump

Maybe it did.

Norah O'Donnell

Is there something you can do --

Donald Trump

All I can do --

Norah O'Donnell

-- to bring this to an end?

Donald Trump

-- is give the facts. Here's what I can't do. I can't give them a trillion and a half dollars so that they can give welfare to people that came into our country illegally. So that prisoners, and that people from mental institutions, and people that are drug dealers get vast amounts of money for healthcare.

Donald Trump

That I can't do --

Norah O'Donnell

So my under --

Donald Trump

What I can do is I can continue to run a great country. We have the best economy we've ever had. I can continue to do that. What they should do -- look, this started a long time ago. I always said -- and you know I've been very consistent -- Obamacare is terrible. It's bad healthcare at far too high a price.

Donald Trump

We should fix that.

Norah O'Donnell

I'm --

Donald Trump

We should fix it. And we can fix it with the Democrats. All they have to do is let the country open and we'll fix it.

Norah O'Donnell

But ending the government shutdown --

Donald Trump

[Transcript only] But, you know, people are gonna get an 18-19% increase in Obamacare. It was a faulty program, it should've never been approved. But it was approved.

Norah O'Donnell

[Transcript only] So now that we're in --

Donald Trump

[Transcript only] If we fix it it'll be -- one of the greatest achievements. But --

Norah O'Donnell

[Transcript only] But if ending the government shutdown --

Donald Trump

-- they have to let the country open, and I'll sit down with the Democrats, and we'll fix it. But they have to let the country -- and you know what they have to do --

Norah O'Donnell

So your plan --

Donald Trump

All they have to do is raise five hands. We don't need all of 'em.

Norah O'Donnell

But so you're saying your plan is to tell the Democrats to vote the -- to end the shutdown.

Donald Trump

Correct, very simple.

Norah O'Donnell

And that you will put forward a healthcare plan?

Donald Trump

No. We will work on fixing the bad healthcare that we have. Right now, we have terrible healthcare and too expensive for the people, not for the government, for the people.

Norah O'Donnell

But Mr. President, with all due respect --

Donald Trump

The people are paying --

Norah O'Donnell

-- you've been talking about fixing the healthcare --

Donald Trump

Sure.

Norah O'Donnell

-- insurance plan since 2015 --

Donald Trump

And you can't do it because of the Democrats. That's right.

Norah O'Donnell

Since 2015, you said you'd fix it.

Donald Trump

I've been talking about it for a long time. We almost did it. We were one vote short. We woulda had great healthcare. We were one vote short. And couple of senators that we currently have made the mistake, and they -- they made a big mistake. John McCain made a mistake, frankly. We were one vote short. We woulda had great healthcare.

Donald Trump

And I've been saying ever since, "We can fix it. It's too expen -- " it's got two things.

Norah O'Donnell

Mm-hmm.

Donald Trump

It's too expensive, and it's lousy healthcare. It's too expensive for the people. They're gonna get a very big increase this year. And it's because --

Norah O'Donnell

Well, they're gonna get an increase --

Donald Trump

And it's because --

Norah O'Donnell

-- if they don't -- if you don't extend the subsidies.

Donald Trump

No, no. But the subsidies is part of it. We're supposed to spend trillions of dollars to take care of something that -- that is defective. What I'm saying is, we can make it much less expensive for people and give them much better healthcare.

Norah O'Donnell

But where is that plan?

Donald Trump

And I'd be willing to work --

Norah O'Donnell

But where is that plan?

Donald Trump

with the Democrats on it. The problem is, they want to give money to prisoners, to drug dealers, to all these millions of people that were allowed to come in with an open border from Biden. And nobody can do that.

Norah O'Donnell

Can I just --

Donald Trump

Not one Republican would ever do that.

Norah O'Donnell

[Transcript only] Can I just button that up? Because the extension of these Obamacare subsidies, if they are not extended is that's what the Democrats are pushing for. I know you understand that. Tens of millions of Americans will see their monthly payments double.

Donald Trump

[Transcript only] No, no. It's going to double --

Norah O'Donnell

[Transcript only] That's a lot.

Donald Trump

[Transcript only] -- anyway. It's gonna double anyway --

Norah O'Donnell

My understanding is, it's just the -- but can I -- may I just -- my understanding is, if those healthcare subsidies are not expan -- extended, premiums will double for many of the people that are on it. And I was looking into it. Three quarters of these people that will see their healthcare premiums double live in states where you won in the last election.

Norah O'Donnell

I mean, even here in Florida has the highest number of residents on Obamacare in the country. If those --

Donald Trump

And I'm saying we can fix it, Norah.

Norah O'Donnell

But if the subsidies are not extended --

Donald Trump

Look --

Norah O'Donnell

-- they're not gonna be able to afford health insurance.

Donald Trump

It was a defective plan put into line by Barack Hussein Obama, who was a lousy president, not nearly as bad as Biden, by the way, who by the way is building a museum that's, like, four times over budget. It'll never open, built in a neighborhood that -- you know, it's just not gonna work. The neighborhood doesn't even want 'em.

Norah O'Donnell

Okay.

Donald Trump

And it's a disaster. The same guy that did his museum, which is a total catastrophe, came up with a bad healthcare plan. And for the sake of one vote, we would have had, you know --

Norah O'Donnell

But how -- I guess the question is --

Donald Trump

-- it's so sad thinking back.

Norah O'Donnell

I hear you.

Donald Trump

If we had the vote, that one vote, we would have great healthcare at a much lower cost, and that's what I want. But I don't want to give $1.5 trillion to prisoners and drug dealers and -- and the people that -- that came into our country from mental institutions. What they allowed to come into our country, and we're getting 'em out, but what they allowed to come into our country, Norah, is horrible.

Donald Trump

So --

Norah O'Donnell

I just --

Donald Trump

-- ready?

Norah O'Donnell

Okay.

Donald Trump

We can make it good.

Norah O'Donnell

I don't want to get into a back --

Donald Trump

No, no.

Norah O'Donnell

-- too much of a back and forth on this.

Donald Trump

But here's all I have to do.

Norah O'Donnell

Yeah.

Donald Trump

Open up the country. Open up the country. We only need five of the --

Norah O'Donnell

You mean, end the shutdown --

Donald Trump

-- of their votes. We only need five votes.

Norah O'Donnell

Mm-hmm.

Donald Trump

And already a couple of Democrats, a few Democrats are already voting. They want to open up. And we'll fix all of those problems.

Norah O'Donnell

You're st --

Donald Trump

Those problems are much easier than what I just did with solving --

Norah O'Donnell

Okay.

Donald Trump

-- all these wars.

Norah O'Donnell

Last question.

Donald Trump

We had -- wait a minute, we had nine wars on our planet. I solved eight of 'em. I have one to go, Russia-Ukraine. I thought that was gonna be one of the easier ones but it's not because Putin --

Norah O'Donnell

You have --

Donald Trump

-- is tougher than people thought.

Norah O'Donnell

You have -- you -- you have helped these government shutdowns in the past --

Donald Trump

I did.

Norah O'Donnell

-- when it came about.

Donald Trump

I did.

Norah O'Donnell

And you did it by bringing back --

Donald Trump

I'm very good at it, but I'm not gonna do it by --

Norah O'Donnell

You brought members of Congress to --

Donald Trump

-- I'm not gonna do it by extortion --

Norah O'Donnell

-- to the White House.

Donald Trump

I'm not gonna do it by being extorted by the Democrats who have lost their way. The -- there's something wrong with these people.

Norah O'Donnell

So then what happens on November 15th --

Donald Trump

Schumer -- Schumer is a basket case.

Norah O'Donnell

-- when the troops don't get a paycheck?

Donald Trump

Schumer is a basket case.

Donald Trump

[Transcript only] He's gonna be defeated in the next election by a vast number of people.

Donald Trump

And he has nothing to lose. He's become -- I just left Japan. He's become a kaz- -- kamikaze pilot. This guy --

Norah O'Donnell

It sounds like -- it sounds like this is not gonna get solved --

Donald Trump

-- is, this guy is a kamikaze. He would rather see the country fail than have Trump and the Republicans do well. But the people don't want that --

Norah O'Donnell

It's, I know, I hear you. It sounds like --

Donald Trump

So we have a record-setting country right now, and we're not gonna be extorted by a man who's grossly incompetent, who -- who is gonna be defeated by any one of five different candidates. We're not gonna let that happen --

Norah O'Donnell

It sounds like this is not gonna get solved.

Donald Trump

Say it?

Norah O'Donnell

It sounds like it's not gonna get solved, the shutdown.

Donald Trump

It's gonna get solved, yeah. Oh, it's gonna get solved.

Norah O'Donnell

How?

Donald Trump

We'll get it solved. Eventually, they're gonna have to vote.

Norah O'Donnell

You're saying the Democrats will capitulate?

Donald Trump

I think they have to.

Donald Trump

[Transcript only] I mean, look, I -- I use the word kamikaze, not freely. I don't like to have to use that word. They are kamikazes, but there are gonna be four or five Democrats that come. We need five. They're gonna come and vote.

Norah O'Donnell

[Transcript only] That's --

Donald Trump

And if they don't vote, that's their problem. Now, I happen to agree to something else. I think we should do the nuclear option. This is a totally different nuclear, by the way. It's called ending the filibuster.

Norah O'Donnell

Did you see John Thune said today --

Donald Trump

I know John doesn't --

Norah O'Donnell

-- they're not gonna do that?

Donald Trump

Well, John and a few others. But, you know what? The Republicans have to get tougher. If we end the filibuster, we can do exactly what we want. We're not gonna lose power. The theory is, oh, then we'll do it, but then when they get into power someday they'll do it. That's true. But you know what?

Norah O'Donnell

So you think John --

Donald Trump

We're here right now. No, I like John Thune. I think he's terrific, but I disagree with him on this point.

Norah O'Donnell

[Transcript only] Okay.

Donald Trump

[Transcript only] I don't -- I don't even know -- actually, I don't even know his attitude on the filibuster, but I think we should do it --

Norah O'Donnell

He j- -- he said today he wasn't gonna do it.

Donald Trump

Well, that's too bad. You know, I mean, I think we're much better off. 'Cause here's the problem. The Democrats will do it in the first week in office. The Democrats, and I told that to John. The de- -- and I get along with him great. We've had a great relationship --

Norah O'Donnell

Yes.

Donald Trump

And I also know there are other Republicans that feel the other way. And I understand that too, but they're wrong. The Democrats will do it. If they get into power and someday I guess they will. Who knows? It's hard to believe when they have men in women's sports, open borders, open everything, a transgender for everyone.

Donald Trump

The Democrats will do it in their first day in office, and the only reason they didn't do it is because of Sinema and because of a man named Joe Manchin from West Virginia --

Norah O'Donnell

Senator Kyrsten Sinema --

Donald Trump

-- good man.

Norah O'Donnell

Hmm.

Donald Trump

And they disagreed with it. Now wait. Had they approved it, I think just one of 'em, had they been able to get those votes, you would have had the nuclear option used. You would have had the filibuster ended, and the Democrats would have used it. So I say to the Republicans that want to be, you know, all like, "Oh, well, we -- you know, we're above all that," the Democrats will do it. See, the Republicans have much better policy.

Donald Trump

We have smart policy. We have great policy. That's how we win. The Democrats are vicious. They're vicious. They have horrible policy, but they are the most vicious human beings on Earth. They are people that weaponize government. They do a lotta bad things. But --

Norah O'Donnell

Can I ask you about --

Donald Trump

-- the good thing is, from our standpoint, from the standpoint of winning is, they have the worst policy of -- it's hard to believe. Think of it. Open borders, men playing in women's sports, transgender for everybody. I mean, I could go point -- these are not 80:20 --

Norah O'Donnell

Can I ask you about the economy --

Donald Trump

-- these are 99:1 issues.

Norah O'Donnell

Mm-hmm.

Donald Trump

And they don't change. I just watched this morning a show where --

Norah O'Donnell

Mr. President, can I ask you about the -- the economy --

Donald Trump

Yeah, just -- just one thing. I watched a show this morning where a very well-known Democrat Congressman was fighting like hell for men playing in women's sports. They don't change it --

Norah O'Donnell

Who was that?

Donald Trump

I don't want to tell. You'll be able to check it. Just check your local TV.

Norah O'Donnell

Okay. On the economy, the signature part of your economic plan is tariffs. The Supreme Court --

Donald Trump

Yeah.

Norah O'Donnell

-- is gonna hear arguments --

Donald Trump

Uh-huh.

Norah O'Donnell

-- this week on whether you have the authority to impose these sweeping tariffs without Congressional approval. The lower courts have ruled against you. That's why it's at --

Donald Trump

Well, no.

Norah O'Donnell

-- the Supreme Court right now.

Donald Trump

Very close rulings, yeah.

Norah O'Donnell

What happens to your economic plan if the Supreme Court invalidates your tariffs?

Donald Trump

I think our country will be immeasurably hurt. I think our economy will go to hell. Look, because of tariffs, we have the highest stock market we've ever had. Because of tariffs, 401(k)s at the highest level that -- and this is millions and millions of people that we've ever had 401(k)s.

Donald Trump

[Transcript only] Because of tariffs, I've ended six of the eight wars that I've ended, and it'll end up being used also for the last war in a different way. Because of tariffs and the economy, but because of tariffs, we have a great economy. Because of tariffs, our country is wealthy again. Because of tariffs, tremendously good things happened.

Donald Trump

[Transcript only] Because of tariffs, our country is respected again. Because of tariffs, a president --

Norah O'Donnell

[Transcript only] So what if the Supreme --

Donald Trump

[Transcript only] -- wait a minute. Because of tariffs, President Xi allowed us to win every single point. He bought billions and billions of dollars of -- of our soybeans, of our everyth -- it was the money they're spending. When I came out, did you see what happened with the farmers? They're having rallies for Trump right now because of tariffs.

Donald Trump

[Transcript only] Because it gives us national security. If we didn't have tariffs, and remember this. Tariffs are used against us. Let me talk about that lawsuit. That lawsuit against us was instituted and backed by foreign countries that have been ripping us off for years. They don't want it because they were rippin' us off for years.

Donald Trump

[Transcript only] And if we lose that lawsuit, they'll continue to rip us off and you're not gonna end up with a country.

Donald Trump

I think it's the most important subject discussed by the Supreme Court in 100 years. If they don't -- if they take away the power of tariffs from us, and it has to be quick and nimble, you can't have Congress, well, hundreds of people have to -- look, they can't even agree to continue a country. You can't have Congress here.

Donald Trump

This has to be quick and nimble.

Norah O'Donnell

Well, you just --

Donald Trump

As an example --

Norah O'Donnell

-- and finish that sentence. You said, "If they take away my power to do tariffs," what?

Donald Trump

It would be a very sad day for the United States of America. We're making a lot of money. We're respected again all over the world. We have great national security. Let me give you an example. With China, they were, you know, very strongly threatening us frankly with the rare earths. And then I said, "Well, if you're gonna play that card, I'm gonna put a 100% tariff on over and above what you're already paying," which was 55%, which was very high.

Donald Trump

A lotta money coming in, tremendous money like we've never seen. "I'm gonna put a 100% tariff on everything over and above." And you know what happened? We got a phone call 20 minutes later. "We'd like to talk." If they take away the right to tariff, if they -- if -- if we're forced to use Congress to approve, they can't approve anything.

Donald Trump

They would be sitting around for years debating whether or not we should use tariffs. If they take --

Norah O'Donnell

You want that power. You want that executive power.

Donald Trump

You need it to ru -- to protect our country. This is a national secure -- tariffs are national security. If you take away the right to tariff, and remember this --

Norah O'Donnell

And --

Donald Trump

-- tariffs have been used against us.

Norah O'Donnell

Can you just answer that question that tariffs have led to inflation? They have led to an increase in cost of living for most Americans --

Donald Trump

They haven't led to inflation. We have no inflation. We have no inflation. Biden had inflation, and he didn't have tariffs. He didn't use tariffs.

Norah O'Donnell

So for the average American --

Donald Trump

You know why he didn't use 'em? 'Cause he's not smart enough to use 'em.

Norah O'Donnell

But the companies say they passed on more than 30% of these costs to the American consumer --

Donald Trump

Okay, ready, are you ready?

Norah O'Donnell

-- off the tariffs and somebody has to pay for it.

Donald Trump

Yeah. You have to pay, but we don't have any inflation. Inflation is the que -- is the real test of paying. Everybody said, "Oh, if you do tariffs, you're gonna have inflation." So Biden had the highest inflation in the history of our country by far, okay. No tariffs. I have very modest tariffs compared.

Donald Trump

Let me tell you. These tariffs ultimately are so good that at some point when they're used properly, and I use them more properly than anybody's ever even dreamt possible, think of it. We become rich. We're taking in trillions of dollars. And I have no inflation. And I have total national security. When I put the 100% tariff on China over and above what they were already paying, which was about 55%, so 155%, they came to the table immediately and they made a deal with us that was a very fair deal.

Donald Trump

That's called national security. And then I didn't make 'em pay the 100%. That would have been instituted. That would have come to fore on November 1st.

Norah O'Donnell

I know our time with you is limited. I hear you.

Donald Trump

Norah, Norah, listen to me --

Norah O'Donnell

I hear you.

Donald Trump

If I didn't have the power of tariff, we would be -- we would be like a subject nation. We'd be subject to everyone else. Everybody uses tariffs on us. If I wasn't allowed to use tariffs on them, we would be a third rate -- we would be a third world nation.

Norah O'Donnell

I know your time is limited, so I do want to make sure I get through another -- more of these topics.

Donald Trump

Sure.

Norah O'Donnell

Immigration. I mean, you campaigned on immigration. You largely won the election on a promise to close the border --

Donald Trump

Did great job, don't you think?

Norah O'Donnell

-- and you succeeded --

Donald Trump

Yeah.

Norah O'Donnell

-- on that. Illegal crossings at the Southern border are at a 55-year low.

Norah O'Donnell

[Transcript only] I want to ask you about this.

Norah O'Donnell

More recently, Americans have been watching videos of ICE tackling a young mother, tear gas being used in a Chicago residential neighborhood.

Donald Trump

Mm-hmm.

Norah O'Donnell

And the smashing of car windows. Have some of these raids gone too far?

Donald Trump

No. I think they haven't gone far enough because we've been held back by the, by the judges, by the liberal judges that were put in by Biden and by Obama.

Donald Trump

[Transcript only] We've been held --

Norah O'Donnell

You're okay with those tactics?

Donald Trump

Uh, yeah, because you have to get the people out. You know, you have to look at the people. Many of them are murderers. Many of them are people that were thrown outta their countries because they were, you know, criminals.

Donald Trump

[Transcript only] Many of them are people from jails and prisons. Many of them are people from frankly mental institutions. I feel badly about that, but they're released from insane asylums. You know why? Because they're killers.

Norah O'Donnell

Well, you promised in your campaign that you were going to deport the worst of the worst.

Donald Trump

That's what I'm -- oh we're doin' that --

Norah O'Donnell

Violent criminals. Rapists.

Donald Trump

Well, that's what we're doing --

Norah O'Donnell

But a lot of the people that your administration has arrested and deported aren't violent criminals. Landscapers, nannies, construction workers --

Donald Trump

Oh, no, no, landscapers who are criminals --

Norah O'Donnell

-- farmworkers.

Donald Trump

Now, look, look --

Norah O'Donnell

The family of US service members --

Donald Trump

I need landscapers and I need farmers more than anybody, okay.

Norah O'Donnell

[Transcript only] But was it your in --

Donald Trump

[Transcript only] We -- and we want to -- we focus on the bad ones, and we've gotten tremendous numbers of bad people. Don't forget.

Norah O'Donnell

[Transcript only] The -- there --

Donald Trump

[Transcript only] When you have over 11,000 murderers released into our country, over 11,000, 50% of which have murdered more than one person, we gotta get 'em outta here.

Norah O'Donnell

Is it your intent to deport people who do not have a criminal record?

Donald Trump

We have to start off with a policy, and the policy has to be you came into the country illegally, you're gonna go out. However, you've also seen, you're gonna go out. We're gonna work with you, and you're gonna come back into our country legally. Because we have a lotta good people. We have some great people.

Donald Trump

But, you know, the problem we have, and people don't like talking about.

Norah O'Donnell

But there isn't a --

Donald Trump

These are very -- wait. These are very smart countries. Their leaders are very smart. They're very street-wise. They might not have gone to the finest schools, but they're very street-wise. They want -- they don't want, they have good people. They want people that are bad out. So they, what do they do? They open their jails.

Donald Trump

They let 'em out. They get rid of their drug dealers. They let 'em out. But you know who else they get out? The people that are on welfare that aren't working. In other words, they have people that just don't work. They don't want people that just don't work, so they put them into our country.

Norah O'Donnell

But if someone has been in this --

Donald Trump

And we've accepted all of these people because of Biden's open border policy where people would walk in totally unchecked and unvetted, murderers and everybody else.

Norah O'Donnell

When will you declare mission accomplished on immigration?

Donald Trump

Well, it takes a long time, because, you know, probably I say 25 million people were let into our country. A lotta people say it was 10 million people. But whether it was ten or -- I believe I'm much closer to the right number. Of the 25, many of them should not be here. Many of them. But we're -- we're cleaning up our cities.

Donald Trump

You know, I campaigned on crime, but I've done a much better job on crime than I thought. You know, the crime numbers are way down, even though we have a lot more people in our country that really shouldn't be here. And many of them are stone-cold hard criminals. When I look at D.C. now, you can walk down the middle of the street.

Donald Trump

You can have your daughter who's ten years old meet you at the park. She's gonna be okay.

Norah O'Donnell

In certain parts of D.C. --

Donald Trump

She woulda been murdered. Well, I -- in almost --

Norah O'Donnell

I live in D.C.

Donald Trump

Well --

Norah O'Donnell

Certain parts of D.C.

Donald Trump

-- you tell me. How big a difference is D.C. now compared to what it was a year ago?

Norah O'Donnell

Uh-huh.

Donald Trump

Right? I mean, you have to be honest with me. People walk -- people in the White House, they walk up to me, young ladies I've never seen. "Sir, thank you very much." I know -- I -- they don't even have to tell me what they're thanking me for. But when I ask why? He said -- she -- one girl said, "I'd get into Uber and I felt dangerous even in an Uber." They'd attack the car, okay.

Donald Trump

It wasn't even safe then. "Sir, I now walk to work every day and I walk, I, I, I, I'm so safe. I f- -- there's nothing going to happen. 100% safe." And you know that too, Norah.

Norah O'Donnell

I wanna ask you about the s- --

Donald Trump

You live here. You know that too.

Norah O'Donnell

I wanna ask you about Amer- --

Donald Trump

Do you see a difference?

Norah O'Donnell

-- American cities --

Donald Trump

You see a difference?

Norah O'Donnell

-- in Washington, D.C.?

Donald Trump

Yes.

Norah O'Donnell

I think I've been working too hard. I haven't been out and about that much. [Laughs]

Donald Trump

Oh, that's not a fair answer. You see the difference.

Norah O'Donnell

I, I get in my car --

Donald Trump

Okay, that's a good answer.

Norah O'Donnell

-- and go to work and I go home --

Donald Trump

You don't have to use that one.

Norah O'Donnell

[Laughs]

Donald Trump

Don't worry. Don't worry. I don't want to embarrass her.

Norah O'Donnell

I've been working too hard --

Donald Trump

It's -- it's like --

Norah O'Donnell

Yeah.

Donald Trump

-- you know what the difference is? Like, day and night.

Norah O'Donnell

I want to ask you more about some American cities.

Donald Trump

Sure.

Norah O'Donnell

We are about -- we're on the eve a number of big state and local elections. One of the most watched is the one for Mayor of New York City.

Donald Trump

Yeah.

Norah O'Donnell

-- he is, Zohran Mamdani, 34-year-old Democratic Socialist. He's the front runner --

Donald Trump

Communist, not Socialist. Communist.

Norah O'Donnell

Some --

Donald Trump

He's far, he's far worse than a Socialist.

Norah O'Donnell

Some people have compared him to a left-wing version of you, charismatic, breaking the old rules. What do you think about that?

Donald Trump

Well, I think I'm a much better looking person than him, right?

Norah O'Donnell

Okay. Well, former governor Andrew Cuomo, who you know is campaigning for mayor, he recently said that "If Mamdani becomes Mayor of New York City that you will take over New York." Cuomo said this. He said, "He will be President Trump and Mayor Trump. He's gonna take over New York and send tanks down Fifth Avenue."

Donald Trump

Oh, that's so crazy. Look. When I left New York, we were at the -- the epitome of it was a great city. It was doing great. It was a great city, but there were some bad sides, because we had a guy named de Blasio, who was the worst mayor. Like I say Biden was the worst president, de Blasio was the worst mayor in history --

Norah O'Donnell

What if Mamdani becomes mayor?

Donald Trump

[Transcript only] I think he's probably gonna make de Blasio look great. I think he will make de Blasio look like one of our great mayors. De Blasio was the worst mayor we've ever had. Now I saw that, you know, but I was sort of leaving during that period of time. I got to see de Blasio, how bad a mayor he was, and this man will do a worse job than de Blasio by far.

Donald Trump

[Transcript only] And --

Donald Trump

It's gonna be hard for me as the president to give a lot of money to New York. Because if you have a Communist running New York, all you're doing is wasting the money you're sending there. So I don't know that he's won, and I'm not a fan of Cuomo one way or the other, but if it's gonna be between a bad Democrat and a Communist, I'm gonna pick the bad Democrat all the time, to be honest with you.

Norah O'Donnell

Uh-huh. This past Tuesday, while speaking to American troops in Japan, you talked about U.S. cities that are having trouble with crime.

Donald Trump

Right.

Norah O'Donnell

And you said, "If we need more than the National Guard, we'll send more than the National Guard." What does that mean, send more than the National Guard?

Donald Trump

Well, if you had to send in the Army or if you had to send in the Marines, I'd do that in a heartbeat. You know, you have a thing called the Insurrection Act. You know that, right?

Norah O'Donnell

Uh-huh.

Donald Trump

Do you know that I could use that immediately and no judge can even challenge you on that. But I haven't chosen to do it because I haven't felt we need it.

Donald Trump

[Transcript only] Do you know that we have a place called Chicago that, with a very bad governor. They threw him outta the family business. He became governor. Do you know that 4,000 people were murdered during his governorship. 4,000 people were murdered during his governorship, and yet he won't let us bring in the National Guard.

Donald Trump

[Transcript only] He won't let us bring in -- in Chicago --

Norah O'Donnell

[Transcript only] But when you say, "Send in more than the National Guard," what does that mean?

Donald Trump

[Transcript only] Well, more would be Army, Navy, Air Force, Marines.

Norah O'Donnell

So you're gonna send the military into American cities?

Donald Trump

Well, if I wanted to I could. If I want to use the Insurrection Act. Do you know how many presidents --

Norah O'Donnell

[Transcript only] Will you -- what would be the --

Donald Trump

[Transcript only] No, no.

Norah O'Donnell

[Transcript only] What would -- what would cause you to do that?

Donald Trump

[Transcript only] Do you know how many presidents have used the Insurrection Act?

Norah O'Donnell

[Transcript only] Tell me.

Donald Trump

[Transcript only] Almost 50% of 'em. Do you know that some of the presidents, recent ones, have used it 28 times? Twenty-eight times.

Donald Trump

The Insurrection Act has been used routinely by presidents.

Donald Trump

[Transcript only] I haven't chosen to use it, but if I -- because I've done well without it. But if I needed it, I could do it.

Donald Trump

And if I needed it, that would mean I could bring in the Army, the Marines, I could bring in whoever I want. But I haven't chosen to use it. I hope you give me credit for that.

Norah O'Donnell

I wanna ask you about -- another matter. James Comey, John Bolton, Letitia James were all recently indicted. There is a pattern to these names. They're all public figures who have publicly denounced you. Is this political retribution?

Donald Trump

[Transcript only] You mean, do you think it's bad that I went after a public figure?

Norah O'Donnell

[Transcript only] Is it political retribution?

Donald Trump

You know what? You know who got indicted, the man you're lookin' at. I got indicted, and I was innocent. And here I am, because I was able to beat all of the nonsense that was thrown at me.

Donald Trump

[Transcript only] I got indicted. They indicted the President of the United States. You know, they impeached me twice and I got out of it quickly and easily? They impeached me twice. These people are scum.

Donald Trump

And yet, when you go after a dirty cop like Comey or a guy like Bolton, who I hear has, I don't know anything about it, I hear he took records all over the place, who knows. Letitia James is a terrible, dishonest person, in my opinion.

Donald Trump

[Transcript only] Terrible. I just won the case against her. She wanted me to pay $500 million for something I didn't do anything wrong on. And the judge just overturned the -- the decision. So and then you --

Norah O'Donnell

[Transcript only] Have you --

Donald Trump

[Transcript only] Wait, wait, wait. And then you tell me about me. Just so you understand, you say I went after these people. These people are bad people. They're dishonest people.

Norah O'Donnell

No, I was just asking, is it political retribution --

Donald Trump

And Comey's a dirty cop. Look, Comey's known as a dirty cop. I'm not known as a dirty person. They indicted me many times, indicted me. They were after me. I'm lookin' at you now. I'm President of the United States. I went through numerous indictments and two impeachments. And you tell me that I went after people?

Donald Trump

These people are dishonest. Look. Biden didn't have a clue. He illegally used, as you know, a machine, the autopen in order to give pardons to people. The only pardon he signed it looks like was his son, Hunter. He signed Hunter's, so, "Hunter, you're free, con -- congratulations, Hunter." But everyone else, I think those pardons are all just, were just a waste of time.

Donald Trump

Those pardons --

Norah O'Donnell

[Transcript only] Did you instruct --

Donald Trump

[Transcript only] -- wait a minute, those pardons --

Norah O'Donnell

[Transcript only] -- the Department of Justice to go after them?

Donald Trump

[Transcript only] Did I what?

Norah O'Donnell

Did you instruct the Department of Justice to go after them?

Donald Trump

No, and not in any way, shape or form. No. You don't have to instruct 'em because they were so dirty, they were so crooked, they were so corrupt that the honest people we have, Pam Bondi's doin' a very good job. Kash Patel's doing a very good job. The honest people that we have go after 'em automatically.

Donald Trump

But they instructed them to go after me, because the records now have been found. So when you tell me about I went after Comey, Comey's low on the totem pole. They went after the President of the United States. Do you know that they raided my house in Palm Beach, Florida called Mar-a-Lago? They raided my house.

Donald Trump

I had 78 or 98 FBI agents with arms --

Norah O'Donnell

I know how you --

Donald Trump

-- come into my house. And you're telling me, Norah, that I went after some low-life named Comey, who's judged to be a crooked guy. He lied all over the place. He lied to Congress and did many other bad things.

Norah O'Donnell

But I was just asking, has this --

Donald Trump

For that, you should be ashamed.

Norah O'Donnell

No, no. I was just asking, is this -- is this retribution on your part?

Donald Trump

No, it's the opposite. I think I've been very mild-mannered. You're looking at a man who was indicted many times, and I had to beat the rap. Otherwise I couldn't have run for president. They tried to get me not to run for president by going after me and by indicting me. But even during my term, on a perfect phone call, I got impeached.

Donald Trump

This call was perfect. Tim Scott, from South Carolina, highly respected, a legitimate person totally legit, he read the tran -- thank goodness we had a transcript of the call. The call I got indicted on, a call on Ukraine of all places, with the President of Ukraine. It was a perfect phone call. Tim Scott said, "I just read the transcript.

Donald Trump

The President didn't do anything wrong, was perfect." And that was the end of the indictment pretty much. But I had to go through a whole process. You know, the Democrats knew that I wasn't guilty, because they didn't know the -- the call was -- I didn't know either, the call was essentially taped. So we knew exactly what the call.

Donald Trump

When they found out that the call was taped, Nancy Pelosi went crazy. She said, "You made me go into this mess." She screamed at all these people that made her do it, bad people like Schiff, et cetera, et cetera. So what happened is, she went nuts and just to conclude, and they said, "Let's do it anyway." They did it anyway, and I won very easily as you know.

Donald Trump

But you can't then accuse me of weaponizing government. They were horrible human beings. They went after the President of the United States. They went after my children. They went into my wife's -- drawers.

Norah O'Donnell

I know --

Donald Trump

They went into my wife's closets. They held the dresses up. She came back. She said, "Oh, what happened? What happened?" 'Cause she's a very meticulous person. Everything's nice and neat.

Norah O'Donnell

I've heard you talk about it.

Donald Trump

All of a sudden, everything's, like, they went into my office. They took things that I was allowed to have file -- under the Presidential Records Act that I was allowed to have. I had records. I was allowed to have 'em. Only the president's allowed, but I was -- and it was nothing very significant anyway.

Donald Trump

There was, like, nothing. Wait, just one second. They opened these -- I'm a very meticulous person too. I have files, beautiful. They took the files, threw 'em all over the phone -- all over the floor. They were all over the floor -- and they took pictures of 'em. This is my office. I said, "What the hell?

Donald Trump

That's not my office." They took files, they threw 'em all over, and they took pictures and they released 'em to the public that this is "President Trump's office. We caught him with all of this stuff," like it was all over the floor in my office.

Norah O'Donnell

Hm.

Donald Trump

These are crooked people. These are the same. So don't ask me about, "Did you go after?" Letitia's, Letitia --

Norah O'Donnell

I --

Donald Trump

-- James, in my opinion, and I only say in my opinion 'cause I guess the lawyers would prefer that I say that 'cause I have a much stronger opinion.

Norah O'Donnell

Hm.

Donald Trump

She's a total crook. She's a low-life. Comey's a dirty cop. Bolton actually helped me a lot because he was crazy. He's the one who want, him and -- and Cheney, a couple people got Bush to go out and blow the hell outta the Middle East and then take -- you know, then leave. And actually, Bolton helped me 'cause every time somebody saw Bolton standing behind me, foreign countries, they conceded.

Donald Trump

You know why they conceded? 'Cause they said, "Bolton's a nut job. Trump is gonna take us to war." But I don't listen to people that are stupid. Go ahead.

Note

[This portion was edited to be after the question and answer portion on crypto in the extended video that was released. The out-of-order portion begins here and continues for approximately 2,440 words.]

Norah O'Donnell

And I know my time is -- is limited with you --

Donald Trump

Sorry.

Norah O'Donnell

-- so I want to be respectful of, of you, Mr. President. The issue of political violence I want to get to, because you were nearly assassinated --

Donald Trump

Yeah.

Norah O'Donnell

-- in Butler, Pennsylvania. Charlie Kirk --

Donald Trump

Yup.

Norah O'Donnell

-- was assassinated. Pennsylvania Governor, Josh Shapiro's house was firebombed.

Donald Trump

Uh-huh.

Norah O'Donnell

Minnesota lawmaker murdered. What's your message to those on the left and the right who would seek to commit acts of violence?

Donald Trump

Well, I think primarily on the left. A little bit of both, but I think primarily on the left. I think they have to tone it down. I think they have to approve the shutdown so it's not shut down. I think it's very bad what they're doing. They're hurting people. You know, if you think about it, if people aren't gonna get paid, there're gonna be, you know, a lot of angry people out there.

Donald Trump

They want to get their food. They want to get the money so they can live. In some cases -- whatever they want to get, they want to get. I think by the Democrats not giving us the votes, I think it's -- I think it endangers both parties. I think it's very bad. There's never been a case like this. This is, you know, this is fairly standard stuff.

Donald Trump

You do auto -- extensions are almost automatic.

Norah O'Donnell

Mm-hmm.

Donald Trump

In fact, they were virtually automatic. This is the only time they don't want to do the extension, because they're losing so badly that they said, "Maybe we have some leverage." One of the Senators said that. "Maybe this is the first time we have some leverage."

Norah O'Donnell

I wonder if we're --

Donald Trump

But they really don't have leverage, because --

Norah O'Donnell

I wonder if we're at a breaking point?

Donald Trump

-- the Republicans can't be extorted in order to ruin our country.

Norah O'Donnell

Do you feel like we're at a breaking point? Given everything that you --

Donald Trump

No.

Norah O'Donnell

-- just said?

Donald Trump

No. It's been much worse.

Norah O'Donnell

Because you --

Donald Trump

I mean, over -- over history?

Norah O'Donnell

Well.

Donald Trump

It's been much worse.

Norah O'Donnell

Sure, but the political violence that, you know, we just outlined. The number of --

Donald Trump

Well, that's -- that's a different question.

Norah O'Donnell

-- of members of people in public that have been targeted --

Donald Trump

Yeah, I think --

Norah O'Donnell

-- that have been targeted.

Donald Trump

Yeah.

Norah O'Donnell

And then I just read that there's now a number of your cabinet secretaries and aides who are now living on military bases.

Donald Trump

Yeah. Usually when people talk they're not the problem. It's the ones that don't talk, in terms of that. But -- yeah, I -- I think it's -- it's a lot of the rhetoric. Look, they call me a Nazi all the time. I'm not a Nazi. I'm the opposite. I'm somebody that's saving our country. But they call me Nazi. They have talking points, you know?

Donald Trump

They have just talking points. And the press is -- is largely responsible for it. The fake news, what they've done -- I think one of the greatest terms I've ever come up with is fake news. What they've done to our country is very bad. They have to change around. Now, nobody believes the fake news. Nobody believes 'em. I mean, they've gone, you talk about popularity, you talk about approval, their approval numbers have gone f- -- from, like, in the 90s to in the teens now.

Donald Trump

We need borders. We need fair votes. And you really need a fair press. If you -- and you do, you have some great journalists and great reporters. But you have some terrible, terrible, dishonest journalists. And I see it all the time, because I'll give 'em a story and they'll have it. Even my trip with China, it was so successful.

Donald Trump

But of all, the Wall Street Journal, they said, Trump Lowers Tariffs. That was the headline. Trump Lowers Tariffs. That wasn't what happened. I lowered tariff -- tariffs in order to get everything that anybody could possibly dream of. The point wasn't lowering tariffs. I put up a high number, I cut it, and I got everything.

Donald Trump

And yet the headline in the Wall Street Journal, beautiful picture of myself and President Xi, everything nice. But the headline was Trump Lowers Tariffs. That wasn't the story. The story was Trump got everything, got everything. Including world peace. We're respected as a country. We're not threatened right now.

Donald Trump

And we're not gonna be threatened. As long as we have a strong, smart president, we're never gonna be threatened by anybody.

Norah O'Donnell

There's been a lotta talk about 2028 and who will be at the top --

Donald Trump

Yeah.

Norah O'Donnell

-- of the Republican ticket. Can you set the record straight? You're not gonna try and run for a third term?

Donald Trump

Well, I don't even think about it. I will tell you, a lotta people want me to run. But the difference between us and the Democrats is we really do have a strong bench. I don't wanna use names, because it's, you know, inappropriate. But it's too early. Three and a quarter years.

Norah O'Donnell

But people do like when you start talking about whether you like J.D. Vance or Secretary Rubio --

Donald Trump

I do like J.D. Vance. I like --

Norah O'Donnell

Or secretary --

Donald Trump

-- Marco Rubio. I like -- I like so many people. We have an unbelievable bench. We could run two people together. We have a great bench. So I don't wanna start talking about elections. It's too early. One thing I can tell you, the 2020 election was rigged. And a lotta people say when it's rigged you're allowed to do it again.

Donald Trump

It was rigged. And it's been caught. And they -- and you see the same information that everybody else does. And it's coming out now in spades. But with all of that, we have a great bench. We have unbelievable people. You could go up and down my cabinet, we have great people. They don't. They have a guy that's ruined the state of California, ruined it, destroyed it. And I have a lotta property out there, I can tell you they've ruined the state of California.

Donald Trump

He has been terrible. Other than he's got a good line of -- bullshit, that's all it is. He's ruined the state. And he's one of the people running. Jasmine Crockett, she's a low-IQ person. They say she might run for president, Jasmine Crockett. This is a very low-IQ person. AOC, I watched her speak the other day, almost the first time she was screaming.

Donald Trump

She was like a crazy person. Her -- she's got -- not a good speaker. Doesn't have, I don't think, but you never know what it is. You never know what it is c- -- that can spark an election. When Joe ran first time I thought he was terrible. He was horrible. I -- I won by a lot. The second time he was running he was doing very poorly, he had a bad debate, and they replaced him in the middle the election.

Donald Trump

That never -- this could only happen to me. They replaced him with somebody, the press got behind her. Oh, they were so behind her. But eventually she failed because she couldn't speak. She wasn't a very intelligent person, in my opinion. But she couldn't speak properly. She could not speak. And actually 60 Minutes paid me a lotta money.

Donald Trump

And you don't have to put this on, because I don't wanna embarrass you, and I'm sure you're not -- you have a great -- I think you have a great, new leader, frankly, who's the young woman that's leading your whole enterprise is a great -- from what I know. I don't know her, but I hear she's a great person.

Donald Trump

But 60 Minutes was forced to pay me -- a lot of money because they took her answer out that was so bad, it was election-changing, two nights before the election. And they put a new answer in. And they paid me a lot of money for that. You can't have fake news. You've gotta have legit news. And I think that it's happening.

Donald Trump

I see --

Norah O'Donnell

Mr. President --

Donald Trump

-- I see good things happening in the news. I really do. And I think one of the best things to happen is this show and new ownership, CBS and new ownership. I think it's the greatest thing that's happened in a long time to a free and open and good press.

Norah O'Donnell

Mr. President, can I also ask you, we're now at the end of your first year --

Donald Trump

Yeah.

Norah O'Donnell

-- of this second term. What do you hope to accomplish in the next three years?

Donald Trump

Well, I hope I can have the same year that we had. Look, we have been acknowledged to have the greatest nine months. You know, it's nine months. The greatest nine months in the history of the presidency. So if I can keep that going I'll be very happy. Because, you know, what we've done, what we -- I inherited a mess.

Donald Trump

And I've fixed it, other than it will take a while to get all the criminals, the real criminals, the ones -- the real bad ones, out. But we've gotten a lot of them out. We've gotten a lot of the murderers out. We've gotten a lot of the people from jails out and we've taken 'em back to their countries. In some cases they're so dangerous that we've actually had to put them in our jails because we didn't want 'em coming back.

Donald Trump

I wanna just keep it going pretty much the same way. I want safety in our cities. Our cities are a mess. And I hate to say it, they're Democrat-run cities. If you take the top 25 cities, they're almost all -- almost every one of 'em is run by Democrats. Uh, cashless bail --

Norah O'Donnell

And to people that say they're struggling with --

Donald Trump

I'll give you an example.

Norah O'Donnell

-- the cost of living expenses.

Donald Trump

Yeah. Cashless bail.

Norah O'Donnell

What could you do about that?

Donald Trump

Well, let me just say, cashless bail is a disaster. It's gotta be changed. Sanctuary cities really have to be changed. They're sanctuary, you know what they're sanctuary for? Criminals. Things -- some basic things have to be changed. But one of the things I really have focused on is making Chicago great again.

Donald Trump

Making -- and we're just getting started in Chicago. But what we did in D.C., where we took D.C. from being so bad to so beautiful, such good -- the restaurants are booming. You can't get into a restaurant. They were closing and now they're all opening every -- you can't get a restaurant now. You can't get into a restaurant.

Donald Trump

But you c- -- if you wanna buy a restaurant or -- or own a restaurant you almost can't find it. I wanna make this happen all over the country. I want it to be like that in New York, in L.A., in Chicago. I wanna do it as much as you can. You know, by the way, Memphis, we're there now. Memphis was a dangerous hellhole. 65% down in crime.

Donald Trump

And this is after two weeks. We can do it all over the place. It's turned out to be a new passion for me, making our city -- I had no idea we could be that successful. I thought it would take a much longer period of time. Do you know in Washington, in 12 days it was really good. In one month it was close to perfect.

Norah O'Donnell

And for those that are suffering with cost of living increases and saying they're living paycheck to paycheck --

Donald Trump

Well, I'd be very upset with --

Norah O'Donnell

Prices are up.

Donald Trump

-- Biden. Because we don't have any of those problems. We -- we don't have inflation. You know, essentially we don't have inflation. We -- I inherited the worst inflation in the history of our country. We don't have infl -- we're down to 2%, even less than 2%. A couple of items like beef I'm getting down.

Donald Trump

But our groceries are down --

Norah O'Donnell

Healthcare -- healthcare premiums?

Donald Trump

I can fix healthcare, give them better healthcare for less money. Obamacare is -- is hurting people. Obamacare was a disaster from day one. I can fix it and make it good. I'd really rather start with a fresh plate, but if it's -- if it's required to keep it, we can make it much better. But it's bad healthcare, and they're gonna get big increases, and that has nothing to do with me. That has to do with the fact that it was originally put into play.

Donald Trump

It's a shame. But we can make it better. Energy is way down. You know, you're gonna have $2 gasoline very soon. Nobody could believe it. You were at $4, $5, $6, and even $7. Look at the cost of gasoline in California. What it was, I brought it down. The problem is when I bring it down here in California they put more tax.

Donald Trump

They -- they tax the gasoline to such an extent. No, we're in great shape. This country is in great shape. We're ready to really rock. As I say often --

Norah O'Donnell

Are you -- are you --

Donald Trump

-- we were a dead country. We were a dead country one year ago. Now we have the hottest country anywhere in the world. Leaders have said that to me. Just recently they said that to me. Even President Xi, he said, "I'd like you -- you to be congratulated." He said it so beautifully. "I'd like you to be congratulated on the incredible job you did in bringing back the United States of America." President Xi said that to me.

Norah O'Donnell

I know we're out of time, but just on that matter, we talked about that -- because I know how closely you follow the stock market. Do you worry about an AI bubble?

Donald Trump

I guess. I worry about everything, you know? I mean, you know, I'm a worrier. I worry. But you know what I do? I worry and then I fix it. I fix it. That way I don't have to worry.

Norah O'Donnell

There's a lotta money behind AI --

Donald Trump

Well, there's a lotta money. And right now I'm taking advantage of it, because we're leading AI. You know, we're leading it by a lot. China's in second place, but we're leading it by a lot. We have the greatest minds of any country anywhere in the world, and we're using that. I'm using those great minds to help us. Now, will something happen later?

Donald Trump

I guess, you know, something. But it could also be something very good happens. And I hope it's gonna be very good. But if it's not so good, we're protected. Our country is doing great. We're strong. We're solid. We've never been -- I think we haven't been like this in -- maybe ever. Maybe ever. We have a great country, and you should be very proud of it.

Norah O'Donnell

Mr. President, thank you very much for your time --

Donald Trump

Thank you very much, Norah.

Norah O'Donnell

Thank you.

Note

[The portion that was edited out-of-order in the extended video interview ends here.]

Norah O'Donnell

[Transcript only] Do I have the opportunity to ask you two more questions?

Donald Trump

[Transcript only] If you want, if it helps --

Norah O'Donnell

[Transcript only] Okay. Okay. Two more questions --

Donald Trump

[Transcript only] That means they'll treat me more fairly if I do -- I want to get -- It's very nice, yeah. Now is good. Okay. Uh, oh. These might be the ones I didn't want. I don't know. Okay, go ahead.

Norah O'Donnell

[Transcript only] Is everybody ready?

Norah O'Donnell

This is a question about pardons. The Trump family is now perhaps more associated with cryptocurrency than real estate. You and your son -- your sons, Don Jr. and Eric, have formed World Liberty Financial with the Witkoff family --

Donald Trump

Right.

Norah O'Donnell

-- helping to make your family millions of dollars. It's in that context that I do wanna ask you about crypto's richest man, a billionaire known as CZ, He pled guilty in 2023 to violating anti-money laundering laws.

Donald Trump

Right.

Norah O'Donnell

[Transcript only] Looked at this --

Norah O'Donnell

The government at the time said that CZ had caused "significant harm to U.S. national security", essentially by allowing terrorist groups --

Donald Trump

Mm-hmm.

Norah O'Donnell

-- like Hamas to move millions --

Donald Trump

Right.

Norah O'Donnell

-- of dollars around. Why did you pardon him?

Donald Trump

Okay, are you ready? I don't know who he is. I know he got a four-month sentence or something like that. And I heard it was a Biden witch hunt.

Donald Trump

[Transcript only] And what I wanna do is see crypto, 'cause if we don't do it it's gonna go to China, it's gonna go to -- this is no different to me than AI. My sons are involved in crypto much more than I -- me. I -- I know very little about it, other than one thing. It's a huge industry. And if we're not gonna be the head of it, China, Japan, or someplace else is. So I am behind it 100%. This man was, in my opinion, from what I was told, this is, you know, a four-month sentence.

Donald Trump

[Transcript only] But this man was treated really badly by the Biden administration. And he was given a jail term. He's highly respected. He's a very successful guy. They sent him to jail and they really set him up. That's my opinion. I was told about it. I said, "Eh, it may look bad if I do it. I have to do the right thing." I don't know the man at all.

Donald Trump

[Transcript only] I don't think I ever met him. Maybe I did. Or, you know, somebody shook my hand or something. But I don't think I ever met him. I have no idea who he is. I was told that he was a victim, just like I was and just like many other people, of a vicious, horrible group of people in the Biden administration.

Norah O'Donnell

[Transcript only] The government had accused him of "significant harm to U.S. national security" --

Donald Trump

[Transcript only] That's the Biden government.

Norah O'Donnell

[Transcript only] Okay. Allowing U.S. terrorist groups to, you know, essentially move millions of dollars around. He pled guilty to anti-money laundering laws. That was in 2023. Then --

Norah O'Donnell

-- in 2025 his crypto exchange, Binance, helped facilitate a $2 billion purchase of World Liberty Financial's stablecoin. And then you pardoned CZ How do you address the appearance of pay for play?

Donald Trump

Well, here's the thing, I know nothing about it because I'm too busy doing the other --

Norah O'Donnell

But he got a pardon --

Donald Trump

I can only tell you that --

Norah O'Donnell

He got a pardon --

Donald Trump

Norah, I can only tell you this. My sons are into it. I'm glad they are, because it's probably a great industry, crypto. I think it's good. You know, they're running a business, they're not in government. And they're good -- my one son is a number one bestseller now. My wife just had a number one bestseller.

Donald Trump

I'm proud of them for doing that. I'm focused on this. I know nothing about the guy, other than I hear he was a victim of weaponization by government. When you say the government, you're talking about the Biden government. It's a corrupt government. Biden was the most corrupt president and he was the worst president we've ever had.

Donald Trump

I only care about one thing. Will crypto be -- will we be number one in crypto? Crypto has turned out, and in that sense I've been right. Crypto's turned out to be a massive industry, if you wanna call it that. And I'm very proud to say that we are far and away ahead of China and everybody else. Now, China is getting into it very big, right now.

Donald Trump

If you wanna go after people, you're gonna kill that industry. And it'll be very bad. Tremendous number of jobs. I campaigned positively on crypto, very openly. I campaigned. Biden campaigned against it. When Biden found out that I was getting, like, 100% of the crypto vote, which was a lot, he switched totally and he went in favor of crypto.

Donald Trump

They were totally in favor. They had many people under indictment. They let 'em all go. They let 'em all go. You know that. Many people were under indictment. Biden was a corrupt president. Biden went all in on crypto at the very end because he thought he could get some votes. It didn't work. They voted for me. I wanna make crypto great for America.

Donald Trump

That's the only thing. I don't wanna have somebody else have crypto and have China be number one in the world in crypto. Because in crypto it's a kind of an industry where basically you're going to have number one and you're not gonna have a number two. And right now we're number one by a long shot. I wanna keep it that way.

Donald Trump

The same way we're number one with AI, we're number one with crypto. And I wanna keep it that way.

Norah O'Donnell

[Transcript only] So not concerned about the appearance of corruption with this?

Donald Trump

[Transcript only] I can't say, because -- I can't say -- I'm not concerned. I don't -- I'd rather not have you ask the question. But I let you ask it. You just came to me and you said, "Can I ask another question?" And I said, yeah. This is the question --

Norah O'Donnell

[Transcript only] And you answered --

Donald Trump

[Transcript only] I don't mind. Did I let you do it? I coulda walked away. I didn't have to answer this question. I'm proud to answer the question. You know why? We've taken crypto --

Norah O'Donnell

[Transcript only] But just generally speak --

Donald Trump

[Transcript only] Excuse me. We're number one in crypto in the whole world. Other people wanna be. They're fighting like hell to be. But we're number one in crypto because I'm the president. Biden wanted to also, at the very end, you know, he totally switched his thing. You know, Biden was totally in favor of crypto at the end.

Donald Trump

[Transcript only] Do you know that many people that were indicted under Biden for crypto, at the very end before the election, were let go? You know why? He wanted the vote. We are number one in crypto and that's the only thing I care about. I don't want China or anybody else to take it away. It's a massive industry.

Norah O'Donnell

[Transcript only] Mr. President, thank you.

Donald Trump

[Transcript only] Thank you very much.