00:16:01.500I think a lot of things are happening to a lot of countries.
00:16:04.340They say that there's light shining all over the world since the election.
00:16:08.220And even countries that we aren't particularly friendly with are happy because they understand what there is a future and how great the future will be.
00:16:18.780Under our leadership, America is back and open for business.
00:16:22.820And this week, I'm also taking swift action to stop the invasion at our southern border.
00:16:28.500They allowed people to come in at levels that nobody's ever seen before.
00:23:48.980As usual, I think I've been here 30 years.
00:23:52.260And a lot of the European business people have expressed enormous frustration with the regulatory regime in the EU.
00:24:06.640And they attribute slower growth rates here because of the numerous factors, but especially because of regulations.
00:24:18.120And you've taken a completely different approach in this area.
00:24:25.460And if you could explain the theory of what you're doing, how you're going to do it, and what you expect the outcome to be, I'd appreciate it.
00:24:50.240You're very inspirational to a lot of people.
00:24:52.240I want to talk about the EU because you mentioned specifically that I have also had a lot of friends and leaders of countries.
00:25:01.880I've gotten to know them all my first term and a little bit during this period of four years and know them well, like them a lot.
00:25:09.400But they're very frustrated because of the time everything seems to take to get approved, environmental impact statements for things that you shouldn't even have to do that, and many, many other ways that it takes.
00:25:22.460And I'm going to give you a quick little example.
00:25:24.660In the private life, my beautiful private life, before I had all these things happening, the world is a little different.
00:25:33.320But when I had that simple life, I did projects, and I had a big project in Ireland, and it had to get approval on something that would have made it even better.
00:25:46.080And I got the approval from Ireland in a period of a week, and it was a very, very, very efficient, good approval.
00:25:55.100And they informed me, though, the problem is you're going to have to get it from the EU, and we think that'll take five to six years.
00:26:10.040I don't want to go five or six years, but it would have been a big investment.
00:26:12.900It would have been nice, and it would have been good for the project.
00:26:16.800And I sent the people to the EU to see if they could speed it up, and basically it was a five- or six-year wait just to get a simple approval that Ireland gave me in a period of literally not much more than a week.
00:26:29.180And I realized right then, that was the first time I really was involved with the EU, but I realized right then that's a problem, and I didn't even bother applying to do it.
00:26:41.700And, or if I did, I pulled it very quickly.
00:26:44.640I have to be very accurate because I don't want to be criticized.
00:26:51.820So I don't think I did, but if I did, I pulled it very quickly.
00:26:54.920It was just something you couldn't wait five years or six years to get an approval.
00:26:59.240So a lot of, in a very big business sense, a lot of people are claiming that's the problem.
00:27:05.800From the standpoint of America, the EU treats us very, very unfairly, very badly.
00:27:12.480They have a large tax that we know about and a VAT tax, and it's a very substantial one.
00:27:20.960They don't take our, essentially don't take our farm products, and they don't take our cars, yet they send cars to us by the millions.
00:27:29.180They put tariffs on things that we want to do, like, for instance, I think they actually, in terms of these are non-economic or non-monetary tariffs, and those are very bad, and they make it very difficult to bring products into Europe, and yet they expect to be selling.
00:27:49.960And they do sell their products in the United States.
00:27:51.760So we have, you know, hundreds of billions of dollars of deficits with the EU, and nobody's happy with it, and we're going to do something about it, but nobody's happy with it.
00:28:01.120So I think the EU has to speed up their process.
00:28:04.760Friends of mine that are in some of the nations within the EU, great people, they want to be able to compete better, and you can't compete when you can't go through the approval process fast.
00:28:17.900There's no reason why it can't go faster.
00:28:20.360So, you know, I'm trying to be constructive because I love Europe.
00:28:25.900I love the countries of Europe, but the process is a very cumbersome one, and they do treat the United States of America very, very unfairly with the VAT taxes and all of the other taxes they impose.
00:28:41.140One other, just to finish up, I got a call from the head of a major airline, one of the biggest airlines in the world, and he said, sir, could you help us what?
00:29:02.280And the other thing, as you know, they took court cases with Apple, and they supposedly won a case that most people didn't think was much of a case.
00:29:14.240They won $15 or $16 billion from Apple.
00:30:46.860We'll now go to one of your friends in the EU, Patrick Poyana.
00:30:53.480He's the chairman CEO of Total Energies.
00:30:57.260I guess you have a question ready, Patrick, for the president.
00:31:02.120Mr. President, as we understand, energy is at the top of your agenda, and it's an honor for me to represent the energy industry tonight in this panel.
00:31:13.140Total Energies is indeed the fourth largest oil and gas and electricity company in the world.
00:31:18.000I will not ask you a question about the oil price.
00:31:20.860It's quite clear what you expect from us.
00:31:25.020And our company is the largest number one exporter, LNG, from the U.S. company.
00:31:35.620We are a strong contributor to, and we invest in a mammoth LNG projects in Texas, 20 billion dollars.
00:31:43.940It's far from 200, but it's 20 billion dollars.
00:31:46.160And we contribute with that to security of supply to Europe, as we export this LNG to Europe.
00:31:54.080Some experts fear that if there are too many projects developed in the U.S. on LNG, this could have an inflationary impact on the U.S. domestic gas price.
00:32:06.860And they recommend a pause on these projects.
00:32:10.280I would ask you the following question, what are your views about such a pause on investments on LNG in the U.S.?
00:32:18.480What would happen if you would observe an increased domestic gas price because of its exports?
00:32:26.060And, final question, which is important for Europe, would you agree to guarantee security of supplies of U.S. LNG to Europe?
00:32:34.320Well, in the last part of your question, yes, I would.
00:35:25.200It'll be very competitive with China and others.
00:35:27.400So I'm going to give emergency declarations so that they can start building them almost immediately.
00:35:33.520And I think it was largely my idea because nobody thought this was possible.
00:35:38.320It wasn't that they were not smart because they're the smartest.
00:35:41.240But I told them that what I want you to do is build your electric generating plant right next to your plant as a separate building connected.
00:36:20.380You know, if there were a problem with a with a pipe coming in, as an example, you're going with gas, oil and gas, and a pipe gets blown up or for some reason doesn't work.
00:36:31.120There are some companies in the U.S. that have coal sitting right by the plant so that if there's an emergency, they can go to that short term basis and use our very clean coal.
00:36:45.100So that's something else that a lot of people didn't even know about.
00:36:47.740But nothing can destroy coal, not the weather, not a bomb, nothing.
00:36:53.180It might make it a little smaller, might make it a little different shape.