Donald Trump: In conversation with President Trump

The hosts frame the All-In Pod as four people with different views and recall a fundraiser they hosted for Trump weeks earlier. One host says the Winklevoss brothers will announce a $1 million Bitcoin donation each. The first question summarizes complaints heard at the dinner: crypto firms want a rulebook, tech M&A has stalled, and real estate borrowers face high rates and tight credit.

So I'd say regulation, regulation, and taxes.

Trump says he signed the largest tax cut in the country's history, lowering the corporate rate from roughly 40% to 21%, and that revenues were still at records. He says corporate executives told him the regulatory cuts mattered more than the tax cut, and that he cut more regulation than anyone. He adds that companies brought money back from abroad, citing Apple's hundreds of billions. These are his assertions; the interviewers do not test them.

Asked why people do not see that lower taxes help productivity, Trump turns to cities such as Chicago, New York, Los Angeles and Oakland. He describes police stripped of power, groups of about 500 young people emptying stores, and locked-up pharmacy goods. He claims shoplifters now stay under $2,000 to avoid arrest, and that the 25 worst cities are nearly all Democrat-run, high-tax and high-regulation. No figures are given for these claims.

A host cites Larry Summers's warning that tax cuts plus tariffs would bring stagflation and asks how to cut taxes without inflation. Trump praises Summers but does not answer the inflation point directly.

I happen to be a big believer in tariffs

His case is that tariffs give both economic and political leverage. He says the dollar's role is eroding and names Russia, China, Iran and Saudi Arabia as countries moving away from it. He calls for a reciprocal trade act, citing a 100% tariff on a car. He says Biden's tariffs target only electric vehicles and that these will end up made in China.

A host notes that about $8 trillion was added under Trump and a similar amount under Biden, and asks how he would control spending. Trump's first answer is growth.

the biggest thing I think is growth because we can grow our way out