Trump denies that Iran holds economic leverage over US
President Donald Trump denied that Iran has economic leverage over the United States as the two nations continue to negotiate a broader deal to end Tehran’s nuclear ambitions for good.
Trump was asked during a White House event on Monday about the ongoing peace talks led by Vice President JD Vance and whether Iran, a major oil state, could exert control over the global economy as a bargaining chip. The president said that Iran was not in a position to wield such leverage and accused the press of lending Tehran favorable coverage throughout the conflict.
“Their navy is gone, their air force is gone, their leaders are all dead, their whole country is a mess, their economy is shot,” he stated. “In the meantime, we’re setting records. We have the strongest economy we’ve ever had. We have 18 to 19 trillion dollars being poured into our country. We’re building factories all over the place. We have more people working today than at any time in the history of our country at higher salaries, so when you ask a question like that, it’s so stupid.”
Last week, Trump suggested that “the alternative” to signing a memorandum of understanding with Iran “would be a worldwide depression.” On Monday, the president downplayed the economic threat posed by Iran.
“Depression is real bad. Nuclear weapons will cause depression much more quickly. The way we’re doing it, we have the opposite of a depression. We’re doing really well. The numbers are incredible,” he stated. “The oil is at a level that nobody’s ever seen before. Oil prices are way down. I think they’re very comparable to what they were before we started.”
The president added that, last week, his “depression” comments were meant to show that he doesn’t “want to be Herbert Hoover.”
“That’s a president I don’t want to be because he was in charge during the Great Depression, and certainly a lot of bad things could happen,” he continued.
TRUMP LEAVES DOOR OPEN TO IRAN KEEPING BALLISTIC WEAPONS
You can watch Trump’s comments in full below.
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