President Trump: Growth is exploding and inflation is defeated

Watch on YouTube ↗  |  January 13, 2026 at 20:27  |  26:50  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

President Donald Trump spoke at the Detroit Economic Club, claiming a historic U.S. economic turnaround with strong growth, defeated inflation, record stock market highs, and benefits from tariffs. He argued tariffs are boosting investment, cutting the trade and budget deficits, and reviving U.S. manufacturing and the auto industry. He also said Venezuelan oil imports will push crude prices lower and criticized the Fed for raising rates on good news.

  • Trump claims U.S. growth is exploding, inflation is defeated, and the stock market is at record highs.
  • He credits tariffs with trillions in investment, a lower trade deficit, and a smaller federal budget deficit.
  • He says U.S. manufacturing and the auto industry are being rebuilt, citing Michigan and a Ford visit.
  • He says Venezuelan oil imports will help push crude oil prices down further.
  • He criticizes the Fed for raising rates on good news and wants lower interest rates.
  • He discusses military enlistment, immigration, and political topics in the speech.
Ideas
Donald Trump President of the United States 3:31
U.S. manufacturing revival driven by tariffs.
Trump says tariffs and deregulation are bringing jobs, factories, and wealth back to the U.S. and Michigan, citing $18 trillion in investment commitments and a 62% reduction in the trade deficit as evidence of a manufacturing revival.
U.S. manufacturing HIGH
Donald Trump President of the United States 7:47
U.S. stock market keeps rising.
Trump claims the U.S. economy is experiencing an explosive growth turnaround with inflation defeated, deregulation and tariffs supporting investment, and the stock market repeatedly hitting record highs; he wants the market to continue rising and says 401(k) accounts are benefiting from the rally.
SPY HIGH
Donald Trump President of the United States 10:36
Oil prices will fall further.
Trump says the U.S. is taking 50 million barrels of Venezuelan oil for refining, which will add supply and push oil prices even lower from an already six- to seven-year low; he explicitly expects prices to fall further.
WTI HIGH
Donald Trump President of the United States 25:12
U.S. auto industry is recovering.
Trump says the U.S. auto industry lost 57% of its business but is now getting it back, helped by tariffs, deregulation, and capacity additions; he highlights Michigan and a Ford visit as part of the revival.
CARZ MED
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This CNBC video, published January 13, 2026, features Donald Trump discussing U.S. manufacturing, SPY, WTI, CARZ. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Donald Trump  · Tickers: U.S. manufacturing, SPY, WTI, CARZ