President Trump departs White House en route to Beijing for high-stakes summit with President Xi

Watch on YouTube ↗  |  May 12, 2026 at 18:46  |  2:26  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

President Trump, before departing for a summit with President Xi in Beijing, answers reporters' questions about Iran's nuclear program, oil prices, inflation, and the stock market. He defends his policies, claims Iran will not get a nuclear weapon, and says the economy is performing well.

  • President Trump speaks to reporters outside the White House before leaving for Beijing.
  • He states that Iran will not obtain a nuclear weapon and that the blockade is effective.
  • Trump comments on oil prices, noting they rose less than expected.
  • He addresses inflation, saying it was low before the conflict and defending his choices.
  • The President claims the stock market is at its highest point in history.
  • The tone is defensive and focused on national security and economic performance.
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