Donald Trump: Winning the AI Race Part 5: President Trump on the AI Action Plan

The speech is introduced with "the 45th and 47th President of the United States, Donald J. Trump." Before reaching artificial intelligence, the speaker spends a long stretch on trade. The headline item is a just-signed agreement with Japan, which the speaker describes in sports terms as a "signing bonus" for the country.

We got a $550 billion signing bonus for the country.

According to the speaker, the tariff on Japan had been set at 25 percent and was reduced to 15 percent in exchange for Japan agreeing "for the first time ever" to open its market to American businesses. The speaker summarizes the deal as "So we're paying zero, they're paying 15." He then qualifies the $550 billion figure: "And to be exact, it's 90% of that, but we control the whole lot of it." He adds that both countries' stock markets rose after the announcement.

The speaker argues that a country opening its market can matter more than the tariff rate itself, provided American businesses compete well. Because there are "over 200 countries," individual negotiations with each are described as impractical. Most countries would instead face "a straight, simple tariff of anywhere between 15 and 50 percent." The transcript is internally inconsistent at this point. It says some countries "have 15 because we haven't been getting along with those countries too well," then immediately says "let's pay 50," so the intended rate for those countries is unclear from the source.

Other deals and negotiations cited: an offer to the European Union of a lower tariff if it opens to American businesses, described as being in "serious negotiations"; deals made "yesterday" with the Philippines and Indonesia, both said to involve opening their markets; a deal with China described as "in the process of completing"; and a completed deal with the UK.

The speaker claims that investment into the country is "at the highest point ever in history," and says the administration has "really been opened up for business for three of the six months." He also refers to B-2 strikes on Iran two weeks earlier. These claims are asserted in the speech, and the transcript supplies no supporting data for them.

Much of the first half of the speech thanks attendees. The speaker credits White House AI Czar David Sacks with organizing the summit and placing it in Washington. He recalls appearing on the All In podcast "a year and a half ago" and also acknowledges the other hosts named in the transcript. He makes several electoral claims, including that "We won every swing state" and a district count of "2,750 to 505." These figures appear as stated in the transcript, and the source does not verify them.

Energy is the recurring theme of the acknowledgments. Doug Burgum is praised for "producing low-cost energy," with the remark "We're down to $64." The transcript does not state what that figure measures. The speaker says AI needs more electricity than humans have ever used and recounts his reaction to the scale of the demand.

Double what we produce right now for everything, right?

The speaker describes Chris Wright and Doug Burgum as working "hand in hand" on energy. He mentions energy deals in Alaska and with Asian countries, and claims the United States has "more energy than anybody else in the world." He calls Lee Zeldin "probably the most important man in the room" because he speeds up environmental permits, and recounts setting targets of "one week for nuclear" and "a couple of days for oil and gas" for approvals. He presents this partly as a joke ("And we kid") but also insists the permits are moving quickly.

A concrete policy idea surfaces here. Companies building facilities would build their own power plants on site and sell surplus electricity back into the grid. The speaker presents this as a way around aging infrastructure.