Read the transcript: President Donald Trump interviewed by NBC News Meet the Press moderator Kristen Welker

KRISTEN WELKER:Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.President Trump, welcome back to Meet the Press.PRES.DONALD TRUMP:Thank you.KRISTEN WELKER:Thank you so much for being here.
We are going to talk about your visit, why you’re here in Wisconsin.But I’d like to start off by talking about the major issue that you are focused on every day which is Iran.
Sunday will mark 100 days since the first strikes.Your secretary of state, Marco Rubio, said that the war had concluded.
And yet, just this week, Iran attacked U.S.allies in the region, calling it retaliation for a set of U.S.
air strikes.Is the United States at war with Iran?PRES.
DONALD TRUMP:Well, they’ve been largely decapitated.And I call it a military exercise because people would rather have it called that.
It’s not a big war for us.It’s not.
We have the most powerful military in the world.I built it, frankly.
I built it in my first four years.And I’m using it a little bit in my second four years.
Their navy is gone.Their air force is gone.
Their anti-aircraft is gone.They might’ve built it up a little bit over the last four weeks during this little ceasefire that we did at the request of some very good people, very, very fine people from — actually from numerous places, as you know.
You know, there are a lot of people involved.But from Pakistan in particular, the field marshal and the prime minister.
And we’re very close to having a deal.And if we don’t have a deal, we’ll do it one way or the other.
Either way, we win.KRISTEN WELKER:I do want to talk about the terms of any potential deal --PRES.DONALD TRUMP:Sure.KRISTEN WELKER:– in just a moment.
But let me just follow up with you.You did post on social media just this week, “My final negotiations to end the war with the Islamic Republic of Iran.” There is a naval blockade in place –PRES.
DONALD TRUMP:Yeah.KRISTEN WELKER:– which technically is an act ...