Trump's recent cryptic response on sanctions has raised eyebrows, as he hinted at a potential major shift in the ongoing Russia-Ukraine conflict. When pressed about whether additional sanctions would be imposed on Russia in light of continued bombings, Trump responded with an intriguing silence, saying, "I’d rather answer in a week from now." This comment has sparked speculation that Trump could be on the verge of reaching a significant deal with Russia's Vladimir Putin.
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NewsTranscript
00:00If the bonds keep falling, will you consider additional sanctions for Russia, or what will you do if President Putin...
00:07I'd rather answer that question in a week. I want to see if we can have a deal.
00:11No reason to answer it now, but I won't be happy, let me put it that way.
00:15Things will happen.
00:17I forgot my question. I wanted to ask about...
00:22Sorry, that happens.
00:23It happens sometimes, yeah.
00:24No, Mr. President, I wanted to ask about the...
00:28Well, actually, Zelensky has said that he wants more Patriot missiles.
00:33So far, there has been no response from the United States.
00:38If the United States decides to pull out of negotiating for peace, trying to broker peace,
00:44does that also mean a no on Patriot missiles, a no on sharing intelligence with Ukraine?
00:51Let's see what happens. I think we're going to make a deal.
00:53And if we make a deal, that'll be wonderful.
00:55We won't have to worry about your question.
00:57You can ask that question in two weeks, and we'll see.
01:01But I think we're getting very close.
01:04The Prime Minister feels the same way, and we'll hopefully not have to answer that question.
01:08Mr. President, Norway is the third country to be officially invited to the White House after Liberation Day.
01:18Why did you invite Norway so soon to the White House?
01:21Because I like them.
01:22And I like your Prime Minister, and I like the way your government runs, and I respect the king.
01:30He's highly respected in Norway. It's a great thing. Not an easy thing to do.
01:36He's done a great job.
01:38Would you like an invitation to visit the king?
01:41Absolutely. You give me that invitation.
01:43I just told the president he's welcome to visit Norway.
01:46President Trump, you've said before that you like the Norwegian Petroleum Fund, and I'm wondering if that has been up for discussion today, the way that we have structured our economy and what are we doing?
02:02Well, this fund was created in the late 1990s to save for future generations the income from our oil and gas.
02:11Norwegians should continue to work as hard, dedicated, innovate, and move forward despite having these incomes, which we happen to be in the period or history where we can harvest, and we have transferred that into investments.
02:24Half of them, by the way, here in the United States, so I think this is a model which we have been able to explore.
02:31If we can share experiences, and we do with our colleagues in the U.S., you never copy this one-to-one, but there can be techniques and ways of working that we have used in organizing our fund.
02:47Jens Stoltenberg was the finance minister when the first dollar entered that fund, so he's a safe hand to have as a finance minister today.
02:56What are you saying?
02:56No, and as you said, Mr. Prime Minister, we are ready to sit down with the U.S. to also work with them on if they want to establish a sovereign wealth fund, because we have a very good experience with our fund.
03:08And I think that one example of how we work together with the United States is that half the fund, close to one trillion U.S. dollars, are invested in the United States, mainly in equity, but also some in fixed income, including government funds.
03:24So this is an expression of trust in the United States, expressed by the strong investment of the sovereign wealth fund.
03:32And just briefly on Ukraine, since it was mentioned, we had a very good and extensive discussion about Ukraine, the path forward to peace.
03:40And as the Prime Minister said, we commend the U.S. for pushing forward to try to find a negotiated solution.
03:46At the same time, we need to continue to support Ukraine, and therefore I'm proud that Norway has actually tripled the military support to Ukraine, and this year we will allocate close to eight billion U.S. dollars to Ukraine.
04:01That will strengthen them, and also their hand on the negotiating table.
04:04How may I add to that, you know, if there is a peace, and there will be a peace, we have a common responsibility in securing democratic Ukraine for the future.
04:12And the best security guarantee they can have is the ability to defend themselves, and we are investing in that.
04:17This is the Prime Minister.