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