Karoline Leavitt holds a press briefing with Treasury Secretary Scott Bessent

4/29/25 (Full speech) -This press conference after the first 100 days of the Trump administration will focus, among other things, on the economic successes of the Trump administration since his return to office, with a focus on job growth, fighting inflation, energy independence, deregulation, trade renegotiations and promoting investment in the USA.
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Summary of the most important contents:

📌 Mention was made of the "Take It Down Act," a law against the publication of non-consensual intimate images that was passed by Congress and is expected to be signed by the president. This law was sponsored by First Lady Melania Trump.

📌 President Trump has already created 345,000 new jobs in his first 100 days, including 9,000 in manufacturing, a stark contrast to the previous administration. The unemployment rate remains at historic lows.

📌 Inflation is declining for the first time since the pandemic, with falling prices for energy, airline tickets, used cars, and prescription drugs. Prescription drug prices have fallen sharply, especially.

📌 Energy policy has been changed to restore US energy production and dominance, including through new offshore drilling, which has led to a decline in gasoline and energy prices

📌 The administration is pursuing an aggressive deregulation strategy that is expected to save families up to $935 billion over the next decade. This includes, among other things, relaxing emissions regulations and fuel efficiency standards.

📌 There have been extensive investment commitments totaling over $5 trillion from major companies such as Apple, Nvidia, TSMC, OpenAI, Oracle, and SoftBank, which are expected to create over 450,000 well-paying jobs. These investments exceed those of the Biden administration in four years.

📌 In the area of ​​trade, the administration is relying on tough tariffs to achieve better trade terms and strengthen American manufacturing. More than 100 countries are already negotiating more favorable terms. The tariffs will also be used to finance tax relief.

📌 Progress is being reported in trade talks with Asian partners such as India, Japan, and South Korea, despite upcoming elections in those countries. Negotiations are expected to be concluded before the elections to provide campaign support for governments.

📌 Amazon's announcement that it would report tariffs as a price increase on its products was met with criticism. The administration described this as a political move and promoted the purchase of American products to strengthen the domestic economy.

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