Lesley Stahl speaks v President Trump about a wide selection of topics in his an initial 60 minute interview because taking office

Lesley Stahl: You"ve had actually a wire of wins lately. Let"s see, the economy, the d-- the trade deal-

President Donald Trump: Right.

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Lesley Stahl: with Canada and Mexico, Kavanaugh--

President Donald Trump: and South Korea.

Lesley Stahl: and South Korea. And also Kavanaugh, the confirmation.

President Donald Trump: There has actually been no administration in the history of our country, and I to speak this openly and proudly, the in its very first two years--

Lesley Stahl: Say, this is modesty.

President Donald Trump: Well, it"s not also that, it"s a fact Tax cuts, regulation cuts, the greatest regulations cuts in history.

President Trump explains his relationship with Kim Jong Un

Lesley Stahl: What around North Korea? Talking around accom--

President Donald Trump: Well, I take into consideration it a, therefore far, good achievement. Look, we--

Lesley Stahl: You to speak "so far"?

President Donald Trump: It"s always so far, til everything"s done. I-- I-- girlfriend know, deals are deals, okay? even if it is it"s a genuine estate deal or a sleeve deal, that doesn"t matter. But I will say this. The day prior to I come in, we were goin" to war through North Korea. I sat with President Obama--

Lesley Stahl: us were goin" to war?

President Donald Trump: --and-- we were gonna--I think it was going to end up in war. And also my impression is-- and also even in my first couple of months, ns mean, the rhetoric was as tough as it can possibly get. Doesn"t get any kind of tougher 보다 that. Nobody"s ever before heard rhetoric that tough. Us were going come war with North Korea. Now, girlfriend don"t listen that. Girlfriend don"t hear any type of talk that it. And he doesn"t wanna walk to war, and we don"t wanna walk to war, and also he understands denuclearization and also he"s agreed come it. And also you see that, he"s agreed come it. No missiles.

Lesley Stahl: perform you to trust him?

President Donald Trump: I do trust him, yeah, i trust him. The doesn"t average I can"t be proven not correct --

Lesley Stahl: Why would--

President Donald Trump: about it?

Lesley Stahl: you to trust him?

President Donald Trump: Well, very first of all, if i didn"t to trust him, ns wouldn"t say the to you. Wouldn"t ns be foolish come tell you appropriate here, on 60 Minutes--

Lesley Stahl: Well, psychic what Reagan said. "Trust, but verify."

President Donald Trump: Sure. Ns know. It"s-- it"s an extremely true. However the fact is, I perform trust him. But we"ll watch what happens.

Lesley Stahl: yet is it true that they haven"t gotten rid of a single weapon, and they might actually it is in building more missiles-

President Donald Trump: They desire to--

Lesley Stahl: with nuclear--

President Donald Trump: and also I will certainly tell you the they"re closing increase sites.

Lesley Stahl: But--

President Donald Trump: setting it up.

Lesley Stahl: Is what I said true, that they haven"t? Gotten--

President Donald Trump: Well, nobody yes, really knows. I mean, people are speak that. I"ve actually said that.

Lesley Stahl: What? the they"re still building missiles, much more missiles?

President Donald Trump: we don"t really know, Lesley. We really don"t know. However I assume--

Lesley Stahl: doubt that?

President Donald Trump: Let"s say the price is yes, okay? In the meantime, castle haven"t experiment a missile. Lock haven"t tested a rocket. They certainly haven"t excellent a atom test since you know around them real fast. It sort of move the earth. And also we have a connection now.

In this handout photograph provided by The Strait Times, North korean leader Kim Jong Un with President Trump during their historical U.S.-DPRK summit in ~ the Capella Hotel on Sentosa island top top June 12, 2018 in Singapore. Getty

Lesley Stahl: among the things that Kim has actually asked for is because that you to ease the sanctions.

President Donald Trump: us haven"t done that.

Lesley Stahl: space you all set to do that? What-- what does he need to do--

President Donald Trump: No, No. I--

Lesley Stahl: prior to you"re--

President Donald Trump: No I"m not doing it. This isn"t the Obama administration. I haven"t eased the sanctions. Ns haven"t excellent anything. I haven"t excellent anything. We"re meeting. I believe he likes me. I prefer him. We have a great relationship. It"s really important.

President Trump at rally: "And then we dropped in love, okay. No really. He created me beautiful letters. And also they"re an excellent letters. We fell in love."

Lesley Stahl: i wanna read you his resume, okay? the presides over a cruel kingdom of repression, gulags, starvation-- reports that he had his half-brother assassinated, slave labor, publicly executions. This is a male you love?

President Donald Trump: Sure. I know all these things. Ns mean-- I"m not a baby. I understand these things.

Lesley Stahl: i know, however why carry out you love the guy?

President Donald Trump: Look, look. I-- I-- ns like-- i get together with him, okay?

Lesley Stahl: yet you love him.

President Donald Trump: Okay. That"s simply a figure of speech.

Lesley Stahl: No, it"s like an embrace.

President Donald Trump: that well, allow it be an embrace. Let the be whatever it is to get the task done.

Lesley Stahl: He"s a bad guy.

President Donald Trump: Look. Let it be whatever it is. Ns get in addition to him really well. I have actually a good energy with him. I have a an excellent chemistry with him. Look at the awful threats that were made. No an ext threats. No much more threats.

chairman Trump v correspondent Lesley Stahl in ~ the White residence CBS News

Lesley Stahl: China.

President Donald Trump: i get together with him. It"s an extremely important. China, let"s go.

Lesley Stahl: I"m skipping throughout the people here. You"ve slapped a lot of tariffs--

President Donald Trump: $250 billion.

Lesley Stahl: Gonna execute more?

President Donald Trump: Might. Might.

Lesley Stahl: round three?

President Donald Trump: they wanna negotiate, Lesley. Castle wanna negotiate.

Lesley Stahl: space you ready?

President Donald Trump: Look.

Lesley Stahl: are you all set to--

President Donald Trump: I have a an excellent chemistry also with chairman Xi of China. I don"t understand that that"s have to going come continue. Ns told chairman Xi we cannot proceed to have actually China take it $500 exchange rate a year out of the United states in the kind of trade and also others things.

Lesley Stahl: and also how-- how--

President Donald Trump: and also I stated we can"t do that, and also we"re no gonna do that anymore.

Lesley Stahl: exactly how much squeezing the them are you ready to do when American assets are gonna be much more expensive because that American consumer in the end of every this?

President Donald Trump: Okay. Okay. So, for this reason far, that hasn"t turned out to be the case.

Lesley Stahl: Some--

President Donald Trump: --if you think around it, therefore far, I placed 25% tariffs on stole dumping, and also aluminum dumping 10%.

Lesley Stahl: however they"ve--

President Donald Trump: --again.

Lesley Stahl: --retaliated. That"s what I"m asking.

President Donald Trump: They deserve to retaliate, yet they can"t-- they don"t have sufficient ammunition come retaliate. We carry out $100 billion with them. They carry out $531 billion v us.

Lesley Stahl: room you make the efforts to kind of push them into a depression?

President Donald Trump: No no, back they"re down 32 percent in 4 months, i beg your pardon is 1929.

Lesley Stahl: fine that"s what I"m asking.

President Donald Trump: ns don"t want that. No, i don"t want that. I desire them to negotiate a fair address us. I desire them to open their industries like our-- our markets are open.

Lesley Stahl: yet you"re in a--

President Donald Trump: and it will certainly be a same deal--

Lesley Stahl: --trade war ideal now. Profession war.

President Donald Trump: You speak to it war, ns don"t call--

Lesley Stahl: You-- you--

President Donald Trump: --it--

Lesley Stahl: --you did today.

President Donald Trump: I called it a skirmish.

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Lesley Stahl: ns heard you, you referred to as it a war.

President Donald Trump: I dubbed it, in reality I called it a battle. But, actually, I"m gonna reduced that. I think about it a skirmish. And we"re gonna win.