Our Donald Question of the Day: What Is “No PP” Supposed to Mean?

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The guardrails protecting democracy may have buckled, but they are not broken. Autocratic forces are ascendant in America, but the story isn’t fully written. Truth-telling independent media is one remaining bulwark against Trump’s unrestrained exercise of power. Our nonprofit newsroom is built for what’s ahead. No oligarchs or billionaires can tell us what to publish. Please stand with us.

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Apologies for the lousy video, but can someone please explain this:

Here’s a transcript, such as it is:

GUY IN AUDIENCE: No TPP!

TRUMP: No PPP, you’re right about that. [Smirks toward crowd.] And you mean, no PP.

Trump is such a moron that he doesn’t realize right off what the guy is talking about and says “No PPP.”¹ Then he smirks and makes a little aside. Does he mean “no pee pee”? Is he that much of a child? Was it something else? WTF was this supposed to mean?

¹Someone must have yelled at him about this in his ear, because a few seconds later he said, “We’re not going to approve, as someone just said, the Trans. Pacific. Partnership.” He drew out the last three words very slowly and carefully.