Trump on AT&T, Time Warner Merger: "I Don’t Think It's a Good Deal for the Country"
Trump said that prices will go up for consumers if the deal goes through.
A day after his Justice Department sued to stop AT&T's purchase of Time Warner, President Donald Trump weighed in on the potential impact of the deal on the country. Trump spoke to reporters on Tuesday afternoon, before departing on Marine One.
The president said he's not going to get involved in active litigation, but added, "Personally, I've always felt that that was a deal that's not good for the country. I think your pricing is going to go up. I don’t think it's a good deal for the country. But I'm not going to get involved. It's litigation."
On the campaign trail last year, Trump said the deal would give AT&T too much power and would result in the "concentration of power in the hands of too few."
On Monday, after the lawsuit was filed, AT&T CEO Randall Stephenson addressed the possibility of White House involvement in bringing about the lawsuit. "Frankly, I don't know," he said of a potential Trump effect. "But nobody should be surprised the question keeps coming up, because we've witnessed such an abrupt change in the application of antitrust law."
Makan Delrahim, who leads the Justice Department's antitrust division, has said he's had no contact with the White House about the deal.
President Trump was also asked by reporters on Tuesday if Sen. Al Franken (D-Minn.) should resign, and said he doesn't know. "Look, I don’t want to speak for Al Franken," he said. "I don’t know what happened."