LIVE: Hearing on Meta's efforts to aid China

Wynn-Williams [Meta whistleblower]: I served as the director of global public policy at Facebook, now Meta, for nearly seven years, starting in 2011. Throughout those seven years, I saw Meta executives repeatedly undermine U.S. national security, and betray American values. They did these things in secret, to win favor with Beijing, and build an eighteen billion dollar business in China.

President Trump: No other president would have done what I did [tariffs]. No other; I know the presidents; they wouldn't have done it. And it had to be done. What was happening to us on trade; not only with China, but China was by far the biggest abuser in history, and others also, but somebody had to do it, they had to stop, because it's not sustainable. Last year, China made one trillion dollars off trade with the United States. That's not great. And now I've reversed it. It's for a short period of time, but we made, we're making now, two billion dollars a day.

President Trump: A deals gonna be made with China. A deals gonna be made with every one of them. And they'll be fair deals. I just want fair. They will be fair deals, for everybody.

President Trump: The big move wasn't what I did today, the big move was what I did on Liberation Day. We had Liberation Day in America. We're liberated from all of the horrible deals that were made, all of the horrible trade deals that were made.

Reporter: Sir, would you consider exempting some U.S. companies, maybe larger companies, who have been hit hard in the markets the last few days?

President Trump: I'll take a look. As time goes by; we're gonna take a look at it. There are some that have been hit hard. There are some that, by the nature of the company, get hit a little bit harder, and we'll take a look at that.

Reporter: How do you determine that?

President Trump: Instinctively, more than anything else. You almost can't take a pencil to paper, it's really more of an instinct I think than anything else.

Wynn-Williams: These executives [Facebook, Meta], they know, they know the harm that this product does. They don't allow their own teenagers to use the products that Meta develops.

President Trump [Oval Office]: I think he's guilty of treason [Miles Taylor; leaked classified information, wrote book], if you know the truth.

President Trump: We're gonna find out about this guy too [Chris Krebs, fired from CISA]], because this guy's a wiseguy…he's tried to make the case that this election [2020] was a safe election…and yet, every day you read in the papers about more and more fraud that's discovered. He's the fraud. He's a disgrace. So we'll find out whether or not it was a safe election, and if it wasn't, he's got a big price to pay.

President Trump: The biggest increase in the history of the stock market [today closed at +2962]? That's pretty good. If you keep going, you're going to be back to where it was four weeks ago. But it was a sick market four weeks ago, because the trade was sick. It was only a question of time. I don't blame the tariffs. I think the tariffs sort of magnified what was happening. It was sick. Biden allowed these people to get away with murder. Biden allowed China to just take advantage of us. We had like a trillion dollar deficit with China. Trillion dollar deficit. So that was only going to be a matter of time. I think the tariffs brought it out faster, and they magnified the problem, but I think this was a problem that existed far beyond tariffs. This was a systemic problem, and we're gonna cure that problem. And maybe to a large extent we have, because we've revealed it, and we've revealed it very strongly.

President Trump: We're very powerful. This country's very powerful. It's far more powerful than people understand. We have weaponry that nobody has any idea what it is. And it is the most powerful weapons in the world that we have. More powerful than anybody even; not even close.

President Trump: We're making; it'll be soon, much more than two billion dollars a day [tariffs]…I've been in worse places in my life than making two billion dollars a day, plus, plus. Right? It's really plus, plus.