Bannon's War Room - Episode 4471： Day 2 Of The Conclave; Trump Bridges Monumental Trade Deal With UK cont.

00:00:00.000 Victory Day, World War II, May 8th, and just by happenstance, we have the Prime Minister on the

00:00:08.360 phone, and we were great allies in that, and it's very unusual that the trade deal comes due,

00:00:14.120 and we signed it up on the same day that we had a great victory, the greatest victory of them all.

00:00:19.760 So we are talking more and more about Victory Day because we were a big part of it, and so was

00:00:26.560 the UK, and it's just, I guess, I don't know what you call it. It's just incredible that that day

00:00:35.220 is the same day that we signed a tremendous trade deal for both countries. So I'm going to begin by

00:00:41.960 just adding that we just concluded the rare earth deal with Ukraine. That's been fully ratified and

00:00:48.660 approved by their legislative branches, and so we appreciate that, and I'll be speaking with

00:00:54.560 the President in a little while, a little bit later, and we appreciate that, but the deal is

00:01:00.940 all now signed up and ratified, and we have access to a massive amount of very, very high quality rare

00:01:08.540 earth. This morning, I'm thrilled to announce that we have reached a breakthrough trade deal with

00:01:14.760 the United Kingdom, an incredible country. Today is a victory day for World War II. We won the war

00:01:23.080 together exactly 80 years ago, so there could be no more perfect morning to reach this historic

00:01:29.260 agreement, and it's beautiful weather out. I will tell you that, Keir, beautiful weather. It's so

00:01:33.340 perfect outside. But it's really, in particular, the agreement with one of our closest and most cherished

00:01:42.020 allies, and we're so happy that that's the way it worked out. I want to thank Prime Minister Starmer and

00:01:49.080 his very talented team for their outstanding work and partnership. Today's agreement with the UK is the

00:01:57.260 first in a series of agreements on trade that my administration has been negotiating over the past

00:02:02.260 four weeks. With this deal, the UK joins the United States in affirming that reciprocity and fairness is an

00:02:10.360 essential and vital principle of international trade. The deal includes billions of dollars of increased

00:02:18.260 market access for American exports, especially in agriculture, dramatically increasing access for

00:02:24.820 American beef, ethanol, and virtually all of the products produced by our great farmers. And our

00:02:33.140 secretary, as you know, of agriculture is here, Brooke. Thank you very much for being here.

00:02:37.780 Thank you. Thank you, sir. You'll let the farmers know. In addition, the UK will reduce or eliminate

00:02:44.260 numerous non-tariff barriers that unfairly discriminated against American products. But this is now turning

00:02:50.820 out, I think, really to be a great deal for both countries because it'll be really great for the UK

00:02:55.700 also. So they're opening up the country. Their country is a little closed and we appreciate that.

00:03:03.860 They'll also be fast tracking American goods through their customs process. So our exports go

00:03:09.220 to a very, very quick form of approval. And there won't be any red tape. Things are going to move

00:03:16.820 very quickly both ways. The final details are being written up in the coming weeks. We'll have it all

00:03:22.740 very conclusive. But the actual deal is a very conclusive one. We think just about everything's been

00:03:28.900 approved. So good for both countries. And we'll also receive new market access for American chemicals,

00:03:36.020 machinery and many other industrial products that weren't allowed. And they'll end up getting

00:03:42.100 products that they'll be able to price. And if they like them better and we make great products,

00:03:46.580 they'll be buying those products. But they were not available in the UK.

00:03:50.900 Furthermore, in a historic step, the deal includes plans that will bring the United Kingdom into the

00:03:57.220 economic security alignment with the United States. That's the first of its kind. So we have a big

00:04:03.700 economic security blanket. And that's very important. And we feel very, very comfortable

00:04:09.380 with that because it's been a great ally, truly one of our great allies. I mean, a lot of people say

00:04:14.260 our greatest ally. I don't want to insult people by saying that, but I can say it's certainly one of

00:04:19.140 our greatest and right at the top. And they're the first one we're talking about. And by the way,

00:04:24.420 we have many meetings planned today and tomorrow. And every country wants to be making deals.

00:04:30.820 And we have a meeting, as you know, Scott will be going over to Switzerland on Saturday. And that'll

00:04:37.460 be very, very interesting. Let's find out. But I think they want to make a deal very badly too.

00:04:43.380 Both countries have agreed that the economic security is national security and we'll be

00:04:47.540 working together as allies to ensure that we have a strong industrial base, appropriate export

00:04:52.740 controls and protections for key technologies and industries like steel. Steel is a big factor.

00:04:59.140 Both countries will become stronger with steel and things necessary for military. You know,

00:05:04.020 we used to build ships and other things, literally at a level that nobody's ever seen. And

00:05:10.660 we haven't, we've eased up. And I would say that the UK certainly eased up, but now we're going to be

00:05:14.980 uneasing both and we work together. Once again, I want to thank Prime Minister Starmer. He's been terrific

00:05:20.820 for his partnership in this matter, the special relationship and external bond. It's really an external and

00:05:27.140 an internal bond between our two countries will soon be stronger than ever before. And we really do.

00:05:33.060 We have a great relationship. I want to just say that the representatives of UK have been so

00:05:38.660 professional and it's been an honor doing business with all of them and in particular the Prime Minister.

00:05:45.140 And I'd like to introduce him now to say a few words. Mr. Prime Minister, please take it away.

00:05:50.980 Thank you, Mr. President, Donald. And this is a really fantastic historic day in which we can announce

00:06:01.940 this deal between our two great countries. And I think it's a real tribute to the history that we

00:06:09.140 have of working so closely together. Can I pay tribute, Donald, to your negotiating team as well,

00:06:14.740 particularly Howard and Jameson, who've done an incredible job, a very professional job,

00:06:20.740 and my team as well, two negotiating teams have worked at Pace now for a number of weeks to bring

00:06:27.460 in this deal today. Really important deal. This is going to boost trade between and across our countries.

00:06:35.540 It's going to not only protect jobs, but create jobs, opening market access. And as you say,

00:06:42.900 Donald, the timing couldn't be more apt because not only was it 80 years ago today

00:06:51.140 that victory came for Europe after and at the end of the Second World War. But of course, on that day,

00:07:00.340 the UK and the US stood together as the closest of allies. And Donald, I think, even down to the hour,

00:07:08.100 because you may or may not know that it was about this time of day, exactly 80 years ago,

00:07:15.220 that Winston Churchill announced victory in Europe. And that led to great celebrations

00:07:23.620 across Europe, across America, but particularly in the United Kingdom, literally people going out into

00:07:29.940 the street, putting bunting up, going up to the palace. And so to be able to announce this great deal

00:07:38.660 on the same day, 80 years forward, almost at the same hour, and as we were 80 years ago, with the UK and

00:07:48.900 the US standing side by side, I think is incredibly important and makes this truly historic.

00:07:56.980 That close relationship has endured over those 80 years. As you know, Donald, when it comes to defence

00:08:03.140 and security and intelligence sharing, of course, there are no two countries that are closer than our

00:08:08.500 two countries. And now we take this into new and important territory by adding trade and the economy

00:08:15.380 to the closeness of our relationship. It is built, as you say, on those notions of fairness and

00:08:23.220 reciprocal arrangements. We've always had a fair and balanced arrangement between our countries.

00:08:28.100 This builds on that, hugely important for sectors like car manufacturing and for steel and aluminium and

00:08:36.340 so many others. And yes, we can finish hunting out some of the details, but there's a

00:08:42.500 fantastic platform here, including, of course, on the tech side, where I think I'm right in saying

00:08:47.940 we're the only two Western countries with trillion dollar sectors when it comes to tech. And in the

00:08:55.060 end, it comes down to, as you say, Donald, economic security is national security of national security.

00:09:02.900 We've been absolutely the closest of allies for so many years, keeping the peace through that close

00:09:08.900 alliance, that friendship. And now we add to that, this deal on trade and the economy. And I want to

00:09:17.060 thank you for your leadership on that, Donald, and for the way in which your team have negotiated this.

00:09:24.740 And I'm so pleased that we've got this deal, we finalised it, and we've built an incredible platform

00:09:32.580 for the future. So thank you so much. Donald, I'm now going to go and do a press conference. I think

00:09:39.700 you have your press in with you. But on the details, I think if you've got Howard, we can deal with that

00:09:48.580 through one of my team. That's great. Well, Mr. Prime Minister, thank you very much. It's an honour. We're

00:09:54.340 going to have a continued, maybe a better relationship than ever before. You know, I don't know if the media

00:10:00.180 knows, but the U.S. and U.K. have been working for years to try and make a deal. And it never quite

00:10:08.020 got there. But it did with this Prime Minister. So I want to just congratulate you.

00:10:12.660 Well, with this President, this Prime Minister, we've managed to achieve what many people have

00:10:16.580 tried to achieve for many years. And I'm really pleased. And it feels completely historic and on a

00:10:23.780 special 80-year anniversary as well. So, Donald, thank you so much. It's really good to have got this

00:10:30.180 deal over the line. Tribute to both teams. Tribute to our countries. And tribute to your leadership.

00:10:36.260 Thank you. Well, it really is a great thing. And you go do your press conference. And I'll see

00:10:40.420 you soon. Maybe speak to you later. But thank you very much. And an incredible thing. I can't tell

00:10:45.700 you that for so many years, even as I sat, everybody talked and talked and talked about a deal with — it

00:10:51.540 just seemed like a natural deal. But it was not done. But now it was done with us. So I feel

00:10:56.900 very proud to have been a part of it. Keir, thank you very much.

00:11:00.740 Thanks, Donald. And we'll speak again soon.

00:11:04.100 Very good. So long. Bye.

00:11:05.540 Why don't I do this? Why don't I have our Secretary of Commerce, Howard Lutnick,

00:11:19.140 give a little description of the deal pretty quick. And then the good side, the very nice side.

00:11:27.940 We'll be speaking about it also, maybe. So you get a pretty equal — I think it's a very — it's just

00:11:34.980 been a deal that was, we thought, very complicated. It became very simple. It's opening up the country

00:11:40.500 that we really didn't have the kind of access to that I would have thought. I was surprised. I think

00:11:44.340 it's why the deal never got done before. It was — you know, they've been working on this deal for 25

00:11:48.660 years. And we got it done and we got it done. Really, it's going to be great for both countries.

00:11:54.020 So, Howard, if you could go and then somebody else, you may have — you'll pick whoever — whoever

00:12:00.660 you want who'd like to do it. I have a feeling you're going to do it, right? So, you guys go ahead and

00:12:06.020 then we'll take questions right after that. But I think you'll get a pretty good understanding of

00:12:09.860 how big it is. It's a very large deal, very big deal. And, Howard, go ahead.

00:12:14.100 So, the UK is the sixth largest economy in the world and the fourth largest that we export to,

00:12:23.060 right? So, it's a huge market, a top 10 market. If you remember Liberation Day,

00:12:29.380 they were at 10 percent because we have balanced trade with the UK, right? They say they have a

00:12:35.220 surplus. But, of course, that counts gold bullion, which is — so, let's just call it balanced trade.

00:12:40.980 So, how do you open up a market in balanced trade? People think it's impossible. They've always

00:12:45.540 thought it was impossible until President Trump came on the scene and changed the way things work.

00:12:51.300 So, here's what we've got. We've opened up new market access — ethanol, beef, machinery,

00:12:58.820 all the agricultural products. They've agreed to open their markets,

00:13:02.660 and that will add $5 billion of opportunity to American exporters. So, the question is, why would

00:13:10.420 they do that now because they've never done it before? And we still have a 10 percent tariff on,

00:13:15.620 which will produce $6 billion of revenue for the United States. So, the idea was, how do they keep

00:13:22.020 their jobs, protect their economy, and do the best for their people while opening the market for us?

00:13:28.580 And the ways they studied it, their team was exceptional, and they tried to figure out the

00:13:33.380 markets that they're importing from other people and try to send them over to America. So, why were

00:13:38.980 they always favoring others and not us? And what they've done is they've found the ways to do that

00:13:45.460 so that we have new access, right? But the UK workers are protected. And that was the balance. So, you've got,

00:13:53.620 we did a deal with them in automobiles. And you know, if you're not building here, we charge you a 25

00:14:00.100 percent tariff. But the president — and by the way, I want to make this clear. While Jameson and I worked

00:14:04.820 hard, this was the president's deal. And people think, oh, that's not the way it works. If you

00:14:09.460 got to sit next to him, I have the best dealmaker to my left. And if you don't think that we take

00:14:15.620 advantage of him calling the prime minister and getting that deal done, you don't understand who's the

00:14:20.820 president of the United States. So, he's the closer. He gets deals done that we could never get done

00:14:26.820 because he understands business. He understands deals. And that's why we're here today. So, he agreed

00:14:33.860 they could send 100,000 cars into America and only pay a 10 percent tariff. And that protects their car

00:14:41.860 industry. And remember, we do 16 million cars a year. So, this is only like 0.6 percent. But for the UK

00:14:50.020 auto people, this is tens of thousands of jobs that the president agreed that he would protect for

00:14:56.100 them. So, he made that deal, right? Then steel and aluminum, right? Their steel business has been

00:15:02.180 destroyed like everybody else has been destroyed by people dumping steel into their markets. And

00:15:08.180 British Steel had announced it was closing down. So, the British government, as part of this deal,

00:15:13.540 nationalized British steel. And they're going to match the kinds of models we do. They'll put tariffs on,

00:15:19.700 they'll put quotas on. They want to do it with America so they can be part of the resurgence of

00:15:26.020 steel and aluminum in America. And that saves them, again, thousands and thousands of jobs.

00:15:31.780 So, if you go step-by-step, aero and commercial planes, they sell Rolls-Royce engines to Boeing.

00:15:40.340 We've agreed to let Rolls-Royce engines and those kind of plane parts to come over tariff-free. And what you're

00:15:47.220 going to hear today is there's going to be an announcement in the UK that they are buying $10

00:15:52.900 billion worth of Boeing planes later today. But I'm going to let the name of the airline announce it

00:15:59.460 because that's theirs to do. But part of this deal was always to do it together and to do it strong.

00:16:06.100 And you can see the numbers on this board. Everything about this board works exceptionally well for the

00:16:11.140 United States of America. It lays out the plan that you can work with us in autos. You can work

00:16:16.420 with us with aero and commercial. You can work with us in pharmaceuticals if you have a supply chain

00:16:22.260 that is secure and protected in national security. So, we feel really good about the deal. You've heard

00:16:27.620 the Prime Minister. He feels really good about the deal, right? And we started at 10 percent and we

00:16:32.500 ended at 10 percent and the market for America is better. And this is a perfect example of why Donald

00:16:40.100 Trump produced the Liberation Day. People don't understand he gets things done in a matter of time.

00:16:46.980 This would have taken Jameson and I three years, maybe, and instead we got it done in 45 days,

00:16:54.820 certainly, because we work for Donald Trump. So, Jameson, my partner in all this, maybe Jameson you'd like

00:17:00.260 to talk a little and then we'll turn it over to the UK.

00:17:02.260 Mr. Sure. Happy to do that. Everyone has had great remarks. I just have to echo the President,

00:17:08.980 the Prime Minister, when we talk about VE Day. This is something we've been waiting for for decades

00:17:13.140 and there is no more appropriate day to do this. And when we step back and we look back a few weeks

00:17:18.020 from now or months from now or years from now, we're going to look back at this day and better

00:17:22.100 appreciate the significance, I think. And I'll just say as well, in terms of negotiating, I mean,

00:17:27.700 the UK negotiators, we've got one right here, did an incredible job, right? This is why you win wars,

00:17:34.500 right? When you act like this. And the ambassador, he knows more about trade than a lot of us here

00:17:39.300 based on his background. And I would say on this deal, Mr. President, what we've shown is that it is

00:17:44.580 time to change the way we do trade. People said we couldn't do a global tariff, we did a global tariff.

00:17:51.620 They said no one would want to deal with us, people want to deal. They said no one give offers,

00:17:55.060 you saw that stack of offers I showed you yesterday. All those countries said we wouldn't

00:17:58.740 get deals. And here we are with a deal with the sixth largest economy. We've agreed to have fair

00:18:03.220 reciprocal trade and we've done it in record time. Thank you very much. Great job.

00:18:08.260 Mr. Well, Mr. President, thank you very much indeed in hosting us this morning.

00:18:16.100 And thank you very much indeed also for that very typical 11th hour intervention by you and your

00:18:24.580 phone call to the President demanding even more out of this deal than any of us expected. So thank you

00:18:32.020 for that. The Prime Minister was delighted obviously to take that call later tonight. But you took it to

00:18:39.460 another level and I think the point I would make is twofold. One is that if we're going to rebalance

00:18:47.940 and rebuild international trade in a way that serves all our interests, then we're better doing that

00:18:55.780 together than separately and apart. And that's what we're on a mission to do. But secondly, you've done

00:19:04.340 what you said you would do. You said to the Prime Minister when he came and we visited in the Oval

00:19:13.380 that you would do a good trade deal with the United Kingdom, that you would do it at pace and that we

00:19:20.420 would be first. And you have delivered that. You've been true to your words. So thank you very much indeed

00:19:26.820 for that. For us it's not the end, it's the sort of, it's the end just of the beginning. I mean there is

00:19:34.900 yet more we can do in reducing tariffs and trade barriers so as to open up our markets to each other

00:19:43.620 even more than we are agreeing to do today. But it also provides us with the platform, the springboard,

00:19:51.460 to do what I think will be even more valuable for both our countries in the future and that's

00:19:58.820 creating a technology partnership between the United States and the United Kingdom so that we can harness

00:20:08.020 science and technology in order to create future industries and future jobs. And to do that together

00:20:15.460 in the way we work so closely already in the national security and defense area, we can just take that to

00:20:22.580 yet further areas of science, enterprise and endeavor. So we're looking forward to doing that in the

00:20:31.460 coming months. You've launched us extremely well today. It just, in my view, as the Prime Minister has

00:20:40.660 said, just shows what two countries who trust each other, who are confident in each other and are

00:20:47.380 familiar with each other can do, not just for ourselves, but for those in the rest of the world

00:20:53.140 who need to benefit from a bigger and better international trading system.

00:20:57.140 The President. Thank you very much. That was beautifully stated. What a beautiful accent.

00:21:01.940 The President. I'd like to have that accent. Thank you.

00:21:04.820 The President. My mother would be proud.

00:21:05.860 The President. Thank you very much. Any questions?

00:21:08.660 Mr. James, back to you.

00:21:10.820 Can I ask, why Britain? And why now? And you've described this deal as a full and comprehensive deal,

00:21:19.700 and yet we've just heard from Mr. Martin. So that's the end of the beginning. Clearly,

00:21:23.940 there's much more work still to do. With respect, are you overstating the reach

00:21:28.820 and significance of this deal with the official President who needs a result at a difficult time?

00:21:33.780 Mr. I think that it's a great deal for both parties. It's for us. We're opened up. I didn't know

00:21:40.020 how closed it was. Quite closed, the market, as you know, the UK. And it opens up a tremendous market

00:21:46.260 for us. And it works out very well, very well. And a lot of assets, you see the chart, and those are

00:21:55.220 tremendous assets. But we've been trying. And when you say, why us, meaning your country,

00:22:00.980 we've been trying for years. And they've been trying for years to make a deal,

00:22:04.020 including when I was in the, you know, first term. It would always be people talking,

00:22:09.540 but they weren't getting it done. But for 25 years before that, they were trying always to make

00:22:15.780 a deal, a very significant deal. I actually, until I looked at the numbers, I didn't realize this is a very

00:22:22.420 conclusive deal. But we think we can grow it even from that. But this is a maxed out deal,

00:22:27.860 not like you said it. You said it really incorrectly. This is a maxed out deal that we're

00:22:34.420 going to make bigger. And we make it bigger through growth. But we have tremendous assets involved.

00:22:41.620 I was surprised to see how big your country is in trade, actually. You know, one of the biggest

00:22:46.100 in technology and so many other things, it's agriculture. I really didn't know. It's,

00:22:52.660 depending on your definition, it's from four to five to six. It's, that's pretty big in the world.

00:22:58.260 So I was very impressed by that. But we're going to take it to new levels. It's a very big deal right

00:23:06.340 now. But I think it is going to grow just of its own volition, it's going to grow. And over time,

00:23:12.100 there'll be changes made. There'll be adjustments made because we're flexible. We'll see things that

00:23:17.620 we can do even better. But it's very conclusive. And we, we think everyone's going to be happy. And

00:23:24.260 the people of your country are going to be very impressed with the result. And they'll be able to

00:23:30.100 buy from more people. They'll be able to price things differently. They'll be able to get some

00:23:33.540 products that aren't available to them now that we make better than anybody in the world.

00:23:38.340 And it's just something that it's, it's a great thing that it came together. It's so nice because

00:23:44.900 we have many countries want to make a deal. And many countries are very unhappy that we happen to

00:23:52.020 choose this one, to be honest with you. But it's a long time. Our oldest ally, or just about,

00:23:59.460 I guess a couple of people claim that too. But let's put it right at the top.

00:24:03.860 I think it's going to be something very special for U.K. and special for the United States.

00:24:09.380 Thank you, Mr. President. Reagan Reese with The Daily Caller.

00:24:14.900 How close are you to more deals? And when do you expect the next to be announced?

00:24:18.820 Well, very close. We have numerous deals. I know Howard's going back. As soon as this is

00:24:23.140 finished, your press conference, he's got numerous. And Scott, who's right over here, who's fantastic,

00:24:28.340 by the way. You were great on television this morning. I watched you. You gave them a little

00:24:33.940 lesson in the world and economics. But Scott is going to be going to Switzerland, meeting with China.

00:24:41.860 And, you know, they very much want to make a deal. We can, we can all play games. Who made the first call?

00:24:47.700 Who didn't make it? It doesn't matter. It only matters what happens in that room.

00:24:51.140 But I will tell you that China very much wants to make a deal. We'll see how that works out.

00:24:58.420 Every country throughout the last 40, 50 years has literally ripped off the United States on trade,

00:25:04.980 on military, on protection, on all the different things. And we are now making fair deals.

00:25:10.100 And in this case, it's great because we really weren't very much involved. You have the European Union,

00:25:16.100 which is, I think, you know, I think you made the right decision years ago. I don't know if you

00:25:21.060 remember, I was opening up Turnberry the day that you were voting. And they asked me, would it happen

00:25:26.900 or would it not happen? I said, no, I think they're going to go their own separate way. I think it's

00:25:30.580 better for them. And they did. I think it's going to end up being a very smart decision. But

00:25:35.700 a big part of that decision was always that you'd be able to make a deal with the United States. And they

00:25:40.020 were unable to do that. But now they made it. And it's a tremendous, you know, it's very important.

00:25:46.100 That was always a big part of your decision on Brexit. And they were never able to make that deal.

00:25:52.500 It was, you know, it was a tough one. And this one was, it's amazing with time.

00:25:57.540 This one just went very smoothly, went quickly and smoothly. And a lot of common sense, as I like to

00:26:03.540 say, it's tremendous common sense. But it's going to make your country much bigger in terms of trade.

00:26:08.580 And it's going to make our country much bigger in terms of trade, too. Yes.

00:26:11.380 Mr. President, thank you for that behind you.

00:26:15.060 The President, Tom Bateman at the BBC. Thank you, Mr. President.

00:26:18.820 You mentioned meat and the BBC. The President, oh, good. Very nice. They treat me beautifully.

00:26:23.140 The President, you mentioned meat and beef exports. The UK currently doesn't accept American

00:26:29.140 beef because of its own food standards. Are you calling on the UK to accept all American

00:26:37.060 beef and chicken products? Well, I think they'll take what they want.

00:26:42.340 We have plenty of it. We have every type. We have every classification you can have.

00:26:48.820 As you know, Bobby Kennedy is doing a tremendous job. And he's,

00:26:52.660 I think, probably heading toward your system with no chemical, no this, no that.

00:26:58.500 I mean, I think we're heading that way. It seems to be.

00:27:00.740 And, but we have that also. So, we have, we're a very big country. We have a lot of beef.

00:27:08.420 We're a very big country. So, it'll be, it'll be great. Yes. Yes.

00:27:11.780 Do you want me to jump in?

00:27:12.740 Yes. Let's talk about American beef

00:27:14.580 really quickly. And it can't be understated. I'm Brooke Rollins, by the way,

00:27:18.100 how important this deal is and what this means to American farmers and ranchers. Specific to the beef,

00:27:23.380 this is going to exponentially increase our beef exports. And to be very clear, American beef is

00:27:29.860 the safest, the best quality, and the crown jewel of American agriculture for the world. So, I think

00:27:36.260 a really important part of this deal isn't just the ethanol reducing of tariffs from 19 to zero,

00:27:41.060 which for our row croppers is a huge deal, but also for beef. And as we move forward, I know our

00:27:46.740 incredible trade team is looking at all of the meats, all of the produce, really all of our agriculture

00:27:51.700 exports. And I don't know if there's an industry that has been treated more unfairly and has

00:27:56.580 suffered more than our agriculture industry. So, we look forward to it. I'll be in the UK on Monday

00:28:01.620 talking to my counterpart over there for the next, really for next week. And I look forward to moving

00:28:06.660 that out across the country. The President is incredible.

00:28:08.580 The President is incredible. I think we could say that we have

00:28:10.420 the best in the world, best tractors, the best everything in the world. And they say that our

00:28:17.140 agriculture is, you know, second to none, you understand. And it'll be a great asset.

00:28:21.140 People are going to be able to have options, choice, and they'll have more of it.

00:28:25.300 And that usually means lower prices. How about we'll do you and then you?

00:28:28.020 Go ahead.

00:28:28.580 The Pressure on question for the Italian TV,

00:28:30.180 Daniele Compatangelo, LA70, TV2, 2000,

00:28:32.660 Palm Time Media. So, congratulations for the deal. We see a big revenues from the chart.

00:28:37.380 But what's the rest of Europe? There is — it's a victory day, but other European country

00:28:42.660 seems like they're losing the trade.

00:28:44.100 The President is trying to make a deal with Europe.

00:28:45.620 We have found that the European Union treated us extremely unfairly — very difficult — and hurt

00:28:53.780 themselves in doing so. And they very much want to make a deal. We'll be dealing with them. We are

00:28:58.020 dealing with them currently. So, that'll cover pretty much the rest of it. But this was separate.

00:29:04.100 Because of Brexit, in particular, you know, this was a separate — a separate deal. It always seems so

00:29:09.940 natural. I mean, all the media would say that this seemed to be like, why did this happen 25 years? Why did it

00:29:15.300 happen a long time ago? And it was always amazing to me. And somebody would say, hey,

00:29:20.340 we got to make a deal. We have to make a deal. But this deal just fell into place. The Prime

00:29:24.980 Minister did a fantastic job. His representatives are total professionals, and they got along well.

00:29:30.340 And it just seemed to work. And I think one of the reasons it did is because we blew up the whole

00:29:35.380 system. If we would have just been dealing with you separately or, you know, country by country,

00:29:40.340 we blew up the whole system. It was very fair to the United — very unfair to the United

00:29:45.140 States. And I think because of that, this worked out so nicely. And I'm honored that it was the first

00:29:51.300 deal. Please. Thank you. Sir, you mentioned — Well, why don't you go in the back? Yes.

00:29:55.300 Oh, thank you, sir. It's — I'm with the London Times. I would say this is a great day for James Bond,

00:29:59.540 because now Aston Martins will be available to America. But it'll be even better by extending it to film.

00:30:07.060 I mean, you've talked about a big tariff on films, and we'd like to know if there'd be relief on British —

00:30:11.140 Well, we're going to have a discussion on that, separately. And as you know,

00:30:15.780 we're putting tariffs on that particular film, he said — the movie makers. And we're going to be

00:30:22.020 doing some tariffs to get them — because a lot of them have left this country. They all live here.

00:30:28.580 The money comes from here. Everything comes from here. But they make them in other countries.

00:30:32.260 So we're going to do something to bring them back — maybe to a large extent. But James Bond has nothing to

00:30:40.100 worry about that, I can tell you. James Bond. And, you know, Sean Connery was a friend of

00:30:44.020 mine. Sean Connery was responsible for my getting zoning in Aberdeen. He said,

00:30:48.660 let the bloody bloke build his golf courses. And, you know, I was like four years into the process,

00:30:55.060 and it was impossible in Aberdeen. And he — I don't know — he just stood up one day,

00:31:00.500 and he said that. As soon as he said that, I got the approvals in about two minutes.

00:31:04.580 So he had great — he was a great guy, Sean Connery, and a great character.

00:31:08.500 The Press, are you going back there in the — later in the year? Are you going back to — are you going to

00:31:11.620 Scotland and to the — Mr. I will be sure. That's great.

00:31:14.340 And we have a lot of investment over there. We have Turnberry, Aberdeen. We have, as you know,

00:31:19.140 in Doonbeg, in Ireland, right on the ocean. They're all on the ocean. I only have interests if they're

00:31:24.740 on the ocean. And we have — we have good investments over there. It's been beautiful. Yes.

00:31:30.100 The Press, Mr. President, if the talks go well this weekend between Secretary Bessett and Ambassador

00:31:34.180 Greer with their Chinese counterparts, not preemptively. But if the talks go well,

00:31:38.260 would you then consider lowering the tariff rate on China?

00:31:41.060 The President, well, it could be. I mean, we're going to see. Right now,

00:31:44.020 you can't get any higher. It's at 145. So we know it's coming down.

00:31:48.500 I think we're going to have a very good relationship. You know, I always got along

00:31:51.540 very well with President Xi. That relationship was greatly disturbed by COVID when COVID came in.

00:31:58.100 But we get along very well now. I mean, we had a — I mean, the relationship was hurt with a lot of

00:32:03.780 people, a lot of countries when COVID came in. But I think we're going to have a very good

00:32:08.660 relationship. I expect to have a very good relationship with China, Scott. I think it's a

00:32:14.500 very friendly meeting. They look forward to doing it in an elegant way. China, as you know,

00:32:20.660 has a tremendous trade surplus with us. And we can't — you know, we just can't have that.

00:32:25.140 And — but I think it's going to — I think it's going to be very good for both countries.

00:32:29.780 I would like to see China opened. You know, one of the big things here is — and nobody would

00:32:34.580 know this — but the U.K. was largely closed. It was very much closed to trade. And now it's opened.

00:32:40.500 And a lot of the financial reporters are very happy about that, because it's so much — I listen to

00:32:46.100 them. I hope they get countries opened up. And then you compete on a fair basis. But you can't

00:32:51.620 compete when you're not allowed to go there. China would be the number one example of that.

00:32:56.660 You know, it's very close. We almost had it last time, before COVID. And that didn't work out.

00:33:03.380 But we made a great deal with China. They had to buy $50 billion worth of our food products. And

00:33:08.340 it was a great deal, doing very well for our farmers. And then when Biden came in,

00:33:12.100 as usual, nothing happened. You know, he didn't enforce it. And it got less,

00:33:15.940 less, less, less. And ultimately, you know, destroyed a great deal. That was a great deal.

00:33:20.740 But, no, I think that we're going to have a — I think we're going to have a good weekend with

00:33:25.140 China. I think they have a lot to gain. I do think they have far more to gain than we do,

00:33:29.620 in a sense. But we're going to have a good — I think we're going to have a very good weekend.

00:33:34.820 Can you speak to Xi after the weekend talks?

00:33:36.900 The President of the United States. Yeah, sure. Depending on what Scott

00:33:39.060 says, we sort of — Scott is doing certain countries, and Howard is doing certain countries.

00:33:46.260 I mean, I wish I had like 10 more of each if we — then we could do them all at one time.

00:33:50.420 The President of the United States.

00:33:51.060 The President of the United States. But there will be a time — we'll do a number of them.

00:33:54.100 And then there'll be a time — I think I can say this, Scott and Howard — where

00:33:58.260 we're just going to say — because we understand the countries, we understand what they want — where

00:34:03.140 we're just going to make the deal. In other words, we don't need the country involvement because we've

00:34:08.340 already had it. And we'll say this particular country, which had big surpluses, let's say — we

00:34:13.940 had, therefore, deficits — that this particular country is going to pay a 25 percent tariff,

00:34:19.060 or a 30 percent, or a 50 percent, or a 10 percent, or whatever it may be.

00:34:24.180 This was — I think we should explain it, Howard. One of the things we did here that we'll

00:34:29.220 rarely do is, on cars, we took it from 25 to 10 on Rolls-Royce, because Rolls-Royce is not going to be

00:34:36.580 built here. I wouldn't even ask them to do that. You know, it's a very special car.

00:34:41.940 And it's a very limited number, too. It's not, you know, one of the monster car companies that makes

00:34:47.380 millions of cars. They make a very small number of cars that are super luxury. And that includes

00:34:52.100 Bentley and Jaguar. So we have some very special cars. So in order to help that industry — and that's

00:34:59.620 really, you know, handmade stuff. And they've been doing it for a long time in the same location.

00:35:07.700 And I said, yeah, that would be — let's help them out with that one. But that's different than

00:35:11.140 a car company that comes out and makes millions of cars, which they'll be doing in our country.

00:35:15.940 They're going to build — we have many, many factories, car plants being built or going to be

00:35:23.860 built very soon. I think we can say that we'll be close to $10 trillion of investment. I think we're

00:35:32.100 actually at that number now, if you add up some of the ones we haven't heard about yet. I mean,

00:35:36.980 we have some going up right now. They have plants going up, and they haven't even spoken to us.

00:35:40.820 They're doing it because of the tariffs. And tariffs have always been used against us. And I never

00:35:45.700 understood — I used to sit back — as you know, China paid hundreds of billions of dollars in tariffs

00:35:51.620 when I was president. But until then, China never paid anything. And, you know, they really did a big

00:35:57.380 number on us from the standpoint of trade. But we are using tariffs now for our benefit. And we have

00:36:06.820 now close to $10 trillion — think of that — $10 trillion. If you look at the past administration — and

00:36:13.860 we're talking about over, you know, essentially two months, because we could say three, but it took a

00:36:18.420 little while to get the office in perfect shape, right? It took a little while to get things done.

00:36:24.020 But once we started, when you think of that, close to $10 trillion of investment. You've had years

00:36:30.820 where the United States wouldn't do that in a whole — wouldn't do $1 trillion in a year,

00:36:34.660 wouldn't do anywhere near $1 trillion. We did $10 trillion in two months. So it's amazing what's

00:36:40.740 happening. We're getting calls from — and that has to do with chips, has to do with cars. We used to make

00:36:47.060 chips. We had Intel. And we used to make chips. We had a monopoly on chips. Everything was made

00:36:51.620 here. And now, over a period of years, because of presidents that didn't know what they were doing,

00:36:55.780 they allowed that business to be stolen from us. Most of it moved to Taiwan. And you probably were in

00:37:01.860 the same position, right? Because you had a lot of the chip-making capacity. But they moved it in.

00:37:06.500 And if we would have said, that's fine. If you want to move it to Taiwan, that's good. But if you want to

00:37:11.620 sell back into the United States, we're going to put a 50 percent or 100 percent tariff on — they would have

00:37:16.580 never left. But we had people sitting here that didn't understand that. And it's too bad.

00:37:22.020 But now they're coming back, because I'm saying it — I'm saying it about 40 years too late.

00:37:26.740 But they're coming back. As you know, we have the biggest chipmakers in the world spending,

00:37:31.060 in one case, $300 billion. In one case, $500 billion — same as Apple. And in another case, $200 billion.

00:37:39.860 And we're going to have a large share — a very, very substantial share — of the chip-making market.

00:37:44.660 The Press is going to be a friendly visit. But do you expect that it will just be a

00:37:51.460 formality to break the ice? Or are they going to get into substantive negotiations?

00:37:55.700 The President I believe so, yes. I believe it's substantive, yes.

00:37:59.300 I think people like to say, yes, we're having a meeting to meet. Well, we're meeting,

00:38:03.140 so what are we going to do? Talk about meeting again?

00:38:06.260 So, I think it's going to be substantive. I think we can say that. Right, Scott?

00:38:09.940 Very substantive. Now, China wants to do something. And look, they have to at this point.

00:38:16.420 You know, essentially, they made a trillion dollars a year, and now they have absolutely,

00:38:23.220 you know, no business because of the tariffs. They have no business, and they want to have business.

00:38:27.620 And we want them to have business. We want them to do well. We want them to do very well. So,

00:38:32.660 I think it's going to be very substantive. But we're seeing, as a result, the ports here in the

00:38:43.140 U.S., the traffic has really slowed, and now thousands of dock workers and truck drivers

00:38:48.900 are worried about their jobs. That means we lose less money. When I see that,

00:38:53.780 that means we lose less money. Look, China was making over a trillion, 1.1 trillion,

00:38:58.580 in my opinion. You know, different numbers from 500 billion to a trillion or a trillion. I think it

00:39:03.700 was 1.1 trillion. And frankly, if we didn't do business, we would have been better off. Okay?

00:39:08.660 You understand that. So, when you say it slowed down, that's a good thing, not a bad thing. But

00:39:14.100 we're going to make it so they can — I'd like to say they can do better, actually, in terms of the bottom

00:39:19.220 line. We'd like to see China opened up so we can compete in China and, you know, give people something

00:39:26.340 that they've never had. You know, access to something. That'd be great for the world. It

00:39:30.180 would be great for our businesses. And I think it would be great for friendship. I really expect a

00:39:34.660 lot of people think I'm a militant guy. I'm really not. I think that trade can bring a greater

00:39:40.980 friendship with China. It can be something good. But, you know, one of the things that I know Scott's

00:39:45.300 going to be talking about very high on the list is open up and let our businesses go into China.

00:39:50.660 Because when you talk about a closed country, that's a really closed country. And I think

00:39:56.260 it would be great if it was opened up. It would give people a lot of choice and would create a lot

00:40:01.540 of jobs, a lot of everything. So, I think it would be a great thing for China. And that's going to be

00:40:04.740 one of the things we'll be discussing, like we discussed with the U.K.

00:40:08.020 Mr. President, what does Britain have to do for you to drop the baseline 10 percent tariff

00:40:17.140 that you'll retain? Well, I think that's set because that has to do with a lot of different

00:40:21.540 things, including past. You know, there are a lot of past things that we talk about. This is very

00:40:26.500 inclusive. We included everything. And that's pretty well said. Yeah, please.

00:40:30.900 Yeah, Mr. President, the 10 percent baseline tariff were made in place. Is that a template for these

00:40:35.780 future trade deals? You said you're going to keep it here. Is it going to stay in every day?

00:40:39.300 No, that's a low number. They made a good deal. Many, some will be much higher because they have massive

00:40:45.780 trade surpluses. And, you know, in many cases, they didn't treat us right. One thing with the U.K.,

00:40:52.260 they had, you know, somewhat closed. Not like a China, as an example. But they always treated us

00:40:58.580 with great respect. They treated us with great respect. The template of 10 is probably the lowest

00:41:08.100 and, and therefore they, you know, made that deal. And, but they, you know, we've had just a very

00:41:16.740 special relationship with them. Like, I won't do that deal with cars. I mean, unless somebody shows

00:41:20.980 me that there's another kind of a car that's comparable to a Rolls-Royce, then there aren't too

00:41:25.540 many. This is a good commercial for Rolls-Royce. They're going to order a lot of cars. Mr. President,

00:41:29.940 I wonder whether you'd like to buy. I mean, well, the last time this happened, they ended up,

00:41:37.460 I would be happy to suggest a discount, obviously a very modest discount.

00:41:43.460 I've had many of them, actually. You know, the last time that happened,

00:41:47.860 I ended up buying a Tesla, you know. Thank you. Mary-Morgan Olihan with Daily Wire.

00:41:56.420 I had a question about the U.K. deal today. I heard there was talk that part of the agreement

00:42:01.060 would depend on whether the U.K. would respect free speech and freedom of religion. I know the

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00:46:49.880 Yeah, that was not part of the conversation. Our conversation was an economic conversation

00:46:55.440 from start to finish, closed by the president yesterday. This was a business deal. Open their

00:47:02.420 markets, and also protect their workers, grow our markets, and help our workers.

00:47:08.460 This was about business religion. You know, business is sort of a semi-religion, but not nearly

00:47:14.760 as important. I don't want to get myself in there.

00:47:16.460 Mr. President, will you be asking China to help you close, you know, the gap between Ukraine

00:47:28.380 and Russia? I think so. I think it's a natural thing to ask. Sure. I don't know. I think we're

00:47:33.800 making good progress. The fighting is a little bit different than it was. I think if we weren't

00:47:39.020 involved, Russia would be, you know, going at it to maybe get the whole thing. Without our

00:47:45.480 involvement, they'd be able to get it, because we supplied a lot of different things, foolishly.

00:47:50.860 But we've been sort of paid back by doing the rare earth deal that I talked about before.

00:47:55.460 I think that, you know, I think that we will be very much involved in trying to get that

00:48:00.760 bloodbath. It's a bloodbath. It's a horrible situation. 5,000. It's really more than that.

00:48:06.640 But it's 5,000 soldiers, on average, a week, mostly soldiers, are being killed. Young, beautiful

00:48:13.700 people. I mean, they're being killed. I see the satellite pictures coming back, body parts

00:48:18.020 lying all over the fields, heads and arms. It's so terrible. I've never seen anything like

00:48:23.080 it, actually. And if we can get that stopped, that would be a great accomplishment.

00:48:26.760 And we're trying very hard. And I think we're close. And Mr. Whitcoff is talking constantly

00:48:31.500 back and forth. He's a real professional. He's got a great relationship with both countries.

00:48:36.860 And I think we have a good chance. And likewise, we're trying to work on Iran to get that solved

00:48:42.820 without having to get into any bombing, as we say. Big bombing. I don't want to do that.

00:48:49.100 I want them to work. I want them to be very successful.

00:48:54.100 Mr. President, Edward Lawrence from Fox Business. On the non-market barriers, how did you get

00:48:59.600 the U.K. to bend? And what was the 11th hour deal, or ask?

00:49:03.320 Well, I think it was really just a part of the overall. I mean, they have so many things

00:49:07.540 that are so good for them. It's going to be so good for the country. And that was sort

00:49:10.520 of easy. It wasn't — we had non-market — I call it non-market or non-monetary trade barriers.

00:49:17.100 And we had quite a few of them — not nearly as bad as some countries. Some countries

00:49:21.420 have — you know, they have virtually no tariff, but the rest of it is so brutal, you can't

00:49:25.740 do business with them, right? So it's a very important question, actually.

00:49:28.540 No, I think the overall — the overall deal just worked out very well from their standpoint.

00:49:34.460 They were willing to give that in order to get other things. And you might want to speak

00:49:39.100 to that, Mr. Abbas.

00:49:40.100 Look, the point about the deal is that we will continue reducing tariffs and non-tariff

00:49:50.820 barriers. This is a continuing picture. It's a movie. It's not a still picture here. It's

00:49:57.540 a movie. It continues. And we're both committed to freeing up trade between our countries. We're

00:50:04.020 both committed to freeing up investment between our countries. And the point about this deal

00:50:12.420 is that it provides a very good template and a very good launch pad for what we can continue

00:50:19.620 to do and build on in the future. And that's what we're both determined to do.

00:50:23.860 You know, many of the — well, we're going to not say.

00:50:29.140 The President has to tweet us.

00:50:31.860 The President has to keep it confidential. How about just one more

00:50:36.340 little thing, right? Well, it got the deal closed. And it was handled very well from the other side,

00:50:40.580 too. But many of these things that we're talking about — we've been talking about this for 25 years.

00:50:48.180 It's hard to explain when — if you weren't sitting behind this beautiful

00:50:53.220 resolution desk, you just wouldn't get it. I have been hearing about making a deal with UK for

00:51:00.340 25 years. And especially around the time of Brexit. They wanted to make a deal,

00:51:05.220 so they came out of Brexit, and they make a deal. And how natural. And it just couldn't be done.

00:51:11.620 It couldn't be done. Good people. And this is a bigger deal. This is a much bigger, better,

00:51:16.420 stronger deal for both of us than we ever even contemplated before. It's a big deal.

00:51:21.220 The President, virtually everyone said that it would end in failure. It would end in tears. And it's

00:51:26.580 ended in exactly the opposite. But, Mr. President, can I say that that is due to Secretary Lutnake and

00:51:33.940 Ambassador Greer have been absolutely fantastic. But yesterday, I received a call — a very diplomatic call — that

00:51:41.460 just edged things over the line. And that was from your new ambassador in the United Kingdom.

00:51:48.020 Who is terrific by — Warren Stevens, he's here.

00:51:50.100 The President, where is Warren? Right here.

00:51:52.100 And — Hello, Warren.

00:51:52.820 The President, where are you?

00:51:53.380 The President, where are you?

00:51:53.780 The President, he's flying to London tomorrow night.

00:51:56.580 He's going to be very popular with the British people. He's going to be a very successful ambassador.

00:52:00.900 And — were you disappointed in — and — he's got plenty of cash.

00:52:10.020 That guy has plenty of cash.

00:52:12.580 The President, we need some more big spenders.

00:52:17.940 Go ahead.

00:52:18.500 The President, are you planning to meet Ursula von der Leyen?

00:52:21.540 The President, are you planning to meet Ursula von der Leyen, the President,

00:52:26.340 or do you plan to cancel anytime soon?

00:52:27.860 The President, oh, she's so fantastic, right? She's so fantastic. I hope we're going to meet — yeah,

00:52:33.220 the answer is yes. I saw her — actually, I saw her a few days ago.

00:52:36.900 And I think that we'll definitely meet, yeah. The European Union is a big thing.

00:52:42.980 They want to make a deal very badly. You know, everybody wants to make a deal. Look,

00:52:45.940 everybody wants to make a deal with the United States. And we're doing that. And we're making — we're

00:52:49.620 going to make fair deals. I'm just honored that this was the first one. Go ahead, please.

00:52:53.540 The President, the Federal Reserve Chairman — the Federal Reserve Chairman,

00:52:56.900 Mr. President, says that you would have to call him for a meeting. Do you plan to meet

00:53:01.060 on — with him? And what do you think about —

00:53:03.060 The President, I'm just like talking to a wall. You should — you should be —

00:53:05.860 The President, what do you think about not cutting — the Bank of England cut today?

00:53:08.340 The President, well, the Bank of England cut. China cut. Everybody's cutting but him.

00:53:14.660 It's — you know, I don't know. Let's — we'll see what happens. It's a shame. I call him too late.

00:53:19.540 You know, too late, Powell. That's his nickname. And it's a shame. It's ridiculous.

00:53:23.460 So, meeting — he — he's always too late. But in this case, it's not going to matter that much,

00:53:32.340 because our country is so strong. We're so powerful in terms of economic strength and what

00:53:37.860 we've done. And I'll tell you what, if we didn't have our first term, you wouldn't be — we created

00:53:42.900 things in the first term. We cut more regulations than any president in history. We cut the taxes more

00:53:48.340 than anybody in history. And a very big factor is going to be the tax bill that we have right now.

00:53:53.220 The one big, beautiful bill, as we call it, which is all-encompassing the biggest tax cuts

00:53:58.180 ever in history — bigger than even the first time. And the incentives — even great for the UK,

00:54:04.260 because it'll make us so strong that we're going to be doing more business with you. It's a very

00:54:08.100 important element for taxes, for every aspect — regulation cuts. That bill is — I believe it's the

00:54:17.300 biggest bill of its kind ever in the history of this country. And Speaker Johnson and Leader Thune

00:54:24.260 have done an incredible job. I mean, I'll let you know we have to get a vote, but we have a lot of

00:54:29.860 support for that bill. And if that happens, on top of all of these trade deals that we're doing,

00:54:38.100 this country will hit a point that you better go out and buy stock now. Let me tell you, this

00:54:44.340 country will be like a rocket ship that goes straight up. This is going to be numbers that

00:54:50.100 nobody's ever seen before. That's a very important element of all of this, you know, if we get that.

00:54:55.460 If you don't — and the Democrats are fighting it only because they want to fight. They have Trump

00:54:59.620 derangement syndrome. You know, if it was somebody else, they wouldn't fight. If you had a normal

00:55:03.860 person — if you had some stiff sitting behind you, they'd be fine. But they have Trump derangement

00:55:09.540 syndrome. You know, Senator Schumer has become a Palestinian. He's welcome. I don't know when

00:55:15.540 they're going to give him the ceremony, whatever the ceremony may be. But it's terrible what's happened

00:55:21.220 to the Democrats. So very, very important element of everything, of what we're doing,

00:55:28.100 unrelated to today, but related in the sense that we'll do — if that passes, we'll do even more

00:55:33.540 business with the UK. We'll have so much. It's the biggest tax cut in history. It's going to make our

00:55:40.260 country zoom. It's going to be incentive, as you know, with the deduction for — basically for work.

00:55:46.180 You work, you build, you plant, et cetera, your deduction. It's going to be the biggest — it's

00:55:52.020 the biggest bill of its kind to ever pass. Maybe the biggest bill ever passed. That's why we call it

00:55:55.780 the one big, beautiful. Bill.

00:55:57.460 The Press.: I just announced a new nominee for the

00:56:02.340 U.S. Surgeon General, who never finished her residency and is not a practicing physician.

00:56:07.780 So can you explain why you picked her to be America's top doctor?

00:56:10.500 The President": Well, she said — yeah, because Bobbie thought she was fantastic.

00:56:13.060 She's highly — she's a brilliant woman who went through Stanford. And as I understand it,

00:56:18.660 she basically wanted to do — she wanted to be an academic as opposed to a surgeon.

00:56:22.660 I think she graduated first in her class at Stanford. And Bobbie really thought she was great.

00:56:30.340 I don't know her. I listened to the recommendation of Bobbie. I met her

00:56:33.940 yesterday and once before. She's a very outstanding person — a great academic, actually.

00:56:39.140 So I think she'll be great.

00:56:40.500 The Press.: Mr. President, Bob, you're a nominee for U.S. Attorney of D.C.

00:56:45.220 Do you have a backup plan if this Senate does —

00:56:47.060 The Press.: Oh, I do, yeah. But he's a terrific person. And he wasn't getting the support from

00:56:53.380 people that I thought — you know, he's done a very good job. Crime is down 25 percent in D.C.

00:56:58.900 during his period of time. I'm very disappointed in that. But I have so many different things that

00:57:04.660 I'm doing now with the trade. You know, I'm one person. I can only make — boom — I can only lift that

00:57:09.860 little phone so many times in a day. But we have somebody else that will be great. I just want to

00:57:17.140 say, Ed is unbelievable. And hopefully we can bring him into — whether it's DOJ or whatever — in some

00:57:24.900 capacity, because really outstanding. It was — to me, it was disappointing, I'll be honest. I have to be

00:57:29.220 straight. I was disappointed. A lot of people were disappointed. But that's the way it works sometimes,

00:57:34.740 you know. That's the way it works. And he wasn't rejected, but we felt it would be very — it would be hard.

00:57:40.420 And we have somebody else that we'll be announcing over the next two days who's — who's going to be great.

00:57:45.140 The Press. With companies like Ford and Mattel — with companies like Ford and Mattel recently

00:57:49.700 saying they're going to raise prices on certain products, how long do you think the American

00:57:53.540 public is going to be patient and paid for your — Yeah. Well, I don't think — I think they're saying

00:57:57.380 that just to try and negotiate deals with me. They're not. The tariffs are the most misunderstood

00:58:04.340 thing, maybe in any form of business — anywhere in business. Oftentimes, the country picks

00:58:09.620 them up. Oftentimes, the company picks it up. The people don't pick it up, okay? The people

00:58:14.580 don't pick it up. And if Ford did that, they wouldn't sell any cars. And if Mattel — I don't

00:58:19.940 know, some — I'm not so sure — they also said — they're the only country I've heard — they said,

00:58:24.260 well, we're going to go counter. We're going to try going someplace else. That's okay.

00:58:27.700 Let him go, and we'll put a 100 percent tariff on his toys, and he won't sell one toy in the United

00:58:33.140 States. And that's their biggest market. I heard that. I mean, I watched this guy talking

00:58:37.380 about how I'm going to go counter. I said, well, I wouldn't want to have him as an executive too

00:58:42.100 long. The Ford people I know very well — what they're doing is negotiating with us by saying that.

00:58:48.500 But we don't think that's going to happen. Look, I put out a truth today,

00:58:52.420 and it said that gas is down, gasoline is down, energy is down, groceries are down, eggs are down.

00:58:59.620 I mean, eggs, thank you very much. But eggs are down. When I came in the first week,

00:59:04.740 you guys hit me with eggs. I said, what the hell happened with eggs?

00:59:08.260 Eggs were up like 170 percent and going up. And they said, don't order any for Easter.

00:59:14.580 And we were thinking about ordering plastic eggs like everybody was doing.

00:59:18.500 And Brooke did a fantastic job — agriculture. Brooke did a fantastic job. And we had hundreds of

00:59:25.140 thousands of eggs out here on the lawn just two weeks ago at Easter. And — but you take a look

00:59:30.820 at the cost. Energy is down. Even interest rates are down. Now, if the chairman of the Fed,

00:59:40.100 Jerome, if he would lower interest rates like China did, like I think UK did, but like numerous other

00:59:47.380 countries have done, it would be — it's like jet fuel. It would be great. But he doesn't want to do it.

00:59:52.020 I think he doesn't want to do it. Probably he's not — he's not in love with me. I think that's right.

00:59:57.780 It's sort of a crazy reason. But that's the way life is. Anybody in his position would be learned.

01:00:03.780 It would be like jet fuel. But even without that, we're doing well. But remember this,

01:00:09.140 you know, I've watched you people reporting over the last few months that if we do this,

01:00:14.260 you know, prices are going to go through. Well,

01:00:16.100 groceries are down. All of this stuff is down. Lumber is down. Oil is gone down. I mean,

01:00:24.900 we have that thing broke $60, right? $60 a barrel. And $98 — $1.98, $1.99 in some cases.

01:00:33.860 And heading — and heading in that direction. Now, I think it's been amazing, actually. You know,

01:00:40.100 and what that's good for, it gives the consumer more money. And it gives them a better life. Because we

01:00:45.220 we just came out of the worst inflation, in my opinion, in the history of our country. They say

01:00:48.980 48 years. But Biden really screwed it up. He screwed up energy. And he also paid — he spent too much

01:00:54.580 money. He was spending it on, you know, a Green News scam. And that's like throwing the money — see

01:00:59.060 that beautiful window behind? Take money, throw it right out that window. Because it's the same thing.

01:01:03.700 He just — he spent — he spent — he spent — he spent $10 trillion. He wasted it.

01:01:09.220 Not only was it bad, it was — it was a negative. It wasn't even like it helped a little bit. It was a real

01:01:14.660 negative. And then, on top of it, they let 21 million people into our country without

01:01:19.540 any identification, any — anything. Just let them in. It's very — very sad. Well, we'll do one or two more.

01:01:25.780 On a 2019 gas — the 2019 gas —

01:01:30.620 The Pressure Noon. Yeah, please.

01:01:32.180 The Pressure Noon. Go ahead. Who are you with?

01:01:33.620 The Pressure Noon. I'm with the Daily Telegraph. You know me from a—

01:01:35.460 The Pressure Noon. Yeah, I do.

01:01:36.500 The Pressure Noon. How concerned are you about the U.K.'s reliance on China?

01:01:41.620 The Press.

01:01:42.220 The Press.

01:01:42.920 And Chinese money, and money markets,

01:01:44.480 Chinese exports and –

01:01:45.460 We're not concerned.

01:01:46.360 The Press.

01:01:47.520 The Press.

01:01:47.960 Ms. Is that something that came up with

01:01:49.020 those questions?

01:01:49.860 The President.

01:01:50.320 You know, honestly, I'm not concern about

01:01:51.100 anything.

01:01:52.040 If I was, I wouldn't even be here right now.

01:01:53.040 If I was concerned about anything – and it

01:01:54.840 wouldn't be that, but I wouldn't be here right

01:01:57.140 now.

01:01:57.400 No, we're not concerned.

01:01:58.240 We're going to have, I believe, a very good

01:02:00.280 relationship with China and a fair relationship.

01:02:02.940 And it'll get bigger and it'll grow.

01:02:04.680 It'll grow.

01:02:05.680 As an example, if they open up the country, that'll

01:02:08.320 be the best thing China ever did for itself.

01:02:10.720 They don't know that yet because, you know, it's

01:02:12.760 been a different system.

01:02:15.120 But that'll be the greatest thing that ever

01:02:16.800 happened to China.

01:02:17.620 The people will be happier.

01:02:19.060 They'll buy for less.

01:02:20.860 They'll see things that they never sold before,

01:02:22.900 and they'll be buying them.

01:02:24.800 And it'll really create great long-term peace.

01:02:28.240 The Press And if I could ask one of the

01:02:30.380 Agriculture Secretary, actually, there's a lot

01:02:31.800 of concern about chlorinated chicken and

01:02:33.380 the imported homemade and treated beef.

01:02:35.480 Has that question been addressed, resolved in

01:02:37.720 these talks, or is that something for the

01:02:38.980 continuing negotiations?

01:02:40.680 Well, I would just say that it's very clear,

01:02:44.880 and we have in the heads of terms, that we are

01:02:46.720 going to discuss all of these types of issues.

01:02:49.200 And obviously, the importing country, whether it's

01:02:51.560 us or them, you've got to follow the rules on those

01:02:53.360 types of things.

01:02:54.360 But our point is the rules need to make sure that

01:02:56.000 they are based on science.

01:02:57.400 And that's our expectation.

01:02:58.940 We know the UK believes that, too, so we want to

01:03:00.840 come to an accommodation.

01:03:02.300 We want the consumers in each country to be able to

01:03:04.400 choose what they want and give them the information

01:03:06.000 that they want.

01:03:06.940 We have an incredible EPA, led by Administrator

01:03:09.580 Zeldin, that is on this.

01:03:11.380 So the talks continue.

01:03:12.580 But we are very, very confident in our products

01:03:15.520 and what the President has done to open up the

01:03:17.460 markets is unprecedented for these farmers here

01:03:20.520 in America.

01:03:21.520 Thank you.

01:03:22.420 The Press Press The President, did you

01:03:23.560 message on Wall Street as they watched this?

01:03:26.060 You saw the stock market decline sharply

01:03:28.260 after Liberation Day rally back since then.

01:03:31.160 The President Well, now it's going to really

01:03:32.240 rally because, you know, don't forget they said

01:03:33.900 this is all a pipe dream.

01:03:35.500 And this is a tough one.

01:03:36.700 This is somebody who said, well, this is easy.

01:03:38.900 This is much tougher, I think, than any other deal

01:03:41.000 because they've been at it for so many years,

01:03:42.940 decades, trying to make this deal.

01:03:45.680 And it's very conclusive and it's a great deal.

01:03:48.020 And it's a very big deal, actually.

01:03:50.020 And no, this is just the beginning.

01:03:51.520 We're going to be having conferences or at some

01:03:54.760 point we won't have, we'll just put out a

01:03:56.280 statement that we just signed this country,

01:03:58.920 that country.

01:03:59.500 And after a number of these are done, nobody has

01:04:03.300 enough people to do it.

01:04:04.340 We're just going to put out X country is going to pay

01:04:07.680 this, and if they open up, they're going to do this

01:04:09.820 and that and that, and they're going to be open up.

01:04:11.620 Everybody wants to be here.

01:04:12.920 You know, I say this is where they want to be shopping.

01:04:15.340 They want to shop in this country because we have the

01:04:18.620 consumer, and we have the consumer like nobody else.

01:04:21.680 And you know, if this country went bad, the

01:04:25.460 whole world would go bad.

01:04:26.620 But we really, but we really saved it from going bad.

01:04:31.260 Yeah, please.

01:04:31.660 The Pressure on the Air Traffic Control issue.

01:04:33.360 Are you looking at getting new software?

01:04:35.100 The President Trump I'm glad you asked me about it

01:04:36.400 because I'm just going to be talking to now with the

01:04:38.500 heads of the airlines and everything else.

01:04:40.460 So I was all set before we had the rigged election to

01:04:44.440 give out a brand-new gorgeous system to one

01:04:47.600 company that was going to do it all thing, one of the

01:04:49.800 best companies in the world that you know very well.

01:04:51.800 You know, there are three or four of them that do it.

01:04:54.300 And when they took over, Buttigieg, who has no clue,

01:04:58.340 you know, he drives to work on his bicycle with his,

01:05:01.040 with his, in all fairness, with his husband on the back,

01:05:03.520 which is a nice, loving relationship.

01:05:05.840 But he didn't have a clue.

01:05:08.180 This guy didn't have a clue.

01:05:10.260 And he's actually a contender for President.

01:05:12.080 Between him and Crockett, you can have that party.

01:05:15.300 But he didn't have, he didn't know what he was doing.

01:05:18.500 And he took what they call dry systems, systems where

01:05:22.640 you have wires in, in the earth, buried in the earth

01:05:25.040 or whatever, and then you have the open air systems

01:05:28.880 where you have satellites.

01:05:30.540 And you can't mesh them.

01:05:32.440 Anybody would know that if you went through about two

01:05:34.240 months of study in school, if you studied that kind of thing.

01:05:37.720 And he, he did.

01:05:40.220 They spent tens of billions of dollars trying to take

01:05:45.100 old, broken equipment and merging it into existing

01:05:50.580 new equipment with brand new equipment.

01:05:53.600 It's one of the greatest, they spent like 40 billion,

01:05:56.720 $40 billion.

01:05:59.080 And what they did is they made it worse.

01:06:01.620 Because it doesn't work together.

01:06:03.260 You can't make it work together.

01:06:04.660 If you have a satellite system, you need satellite.

01:06:06.880 If you don't, they had all these different technologies,

01:06:10.800 some of them 50 years old, and they're trying to mesh them in.

01:06:13.560 And they end up spending twice the money they should have.

01:06:16.760 You could have bought a whole new system.

01:06:19.300 So we have a very good guy who you all know,

01:06:21.360 Sean Duffy, is head of transportation.

01:06:23.440 And I've given him a 10-minute lesson in buying,

01:06:27.940 and he's become really good.

01:06:29.700 And we are now in the market to buy a gorgeous,

01:06:32.440 brand new system.

01:06:34.540 The helicopter that crashed into the plane at 400 feet,

01:06:37.380 it shouldn't have been.

01:06:38.060 What would have happened is all sorts of bells and sirens

01:06:41.020 would have been going off.

01:06:42.720 Three minutes before that accident happened,

01:06:44.880 if you had the right equipment.

01:06:45.920 But they didn't.

01:06:47.160 And the new equipment is unbelievable, what it does.

01:06:50.220 You can have, you don't even, well,

01:06:52.800 I was going to say something, but you always,

01:06:54.560 in my opinion, you always need pilots.

01:06:56.240 I want pilots.

01:06:57.460 But you wouldn't even have to have pilots.

01:06:59.380 This system is so incredible, what they can do.

01:07:02.140 But we have a system that's obsolete.

01:07:03.940 And what they did is the worst.

01:07:06.220 They tried to combine the really old,

01:07:08.280 broken stuff with the new stuff.

01:07:09.880 And you can't combine it, and anybody should have known.

01:07:12.580 So, so, Biden, do you think Biden figured this out?

01:07:15.380 I don't think so, fellas.

01:07:17.020 Do you think he has any clue?

01:07:18.120 He doesn't know what the hell is happening.

01:07:19.460 So, here's the story.

01:07:21.020 We're going to be buying a brand new,

01:07:22.700 it's going out to bid very soon,

01:07:24.860 brand new, state-of-the-art system

01:07:27.000 that will cover the entire world.

01:07:29.000 I'll give you an example.

01:07:29.960 When my pilot, now I have military pilots,

01:07:33.400 but prior to that I have very good pilots,

01:07:35.380 great pilots, they would land,

01:07:37.380 and I won't tell you which country,

01:07:38.580 but they would use the system of another country.

01:07:41.160 They wouldn't even use the system of the United States.

01:07:43.560 So, if I'm landing in New York or Florida or Tennessee,

01:07:47.500 they're using a system from another country.

01:07:50.800 I said, why is that?

01:07:53.120 And they were, you know, they're not into business,

01:07:55.460 but they're just saying, our system doesn't work, sir.

01:07:58.500 And I said, boy, that's pretty sad.

01:08:00.640 But we were all set to give it out to, you know, look,

01:08:02.840 you have a Raytheon,

01:08:04.340 and you have different companies like that, numerous companies.

01:08:07.120 And you have companies that would do it,

01:08:08.520 like an IBM, as an example.

01:08:11.720 But, and you give out one deal, one contract.

01:08:14.460 They gave out hundreds of contractors.

01:08:17.840 They had diggers. They had non-diggers.

01:08:20.360 They had people that focused on satellites.

01:08:22.160 They had hundreds of different contracts.

01:08:25.080 One contract where one guy is controlling everything.

01:08:28.280 You need a trench, then they dig a trench.

01:08:31.180 But if you don't dig the trench, they don't blame you.

01:08:33.080 What happens is, you don't dig it.

01:08:34.420 Then they say, we want a cost-off run.

01:08:36.580 Now, we have it all set, and we're going to be doing it.

01:08:39.140 We would have done it,

01:08:40.420 except that the election took a little strange turn.

01:08:44.160 But the second one didn't.

01:08:45.160 That was too big to rig.

01:08:46.360 Thank you very much, everybody.

01:08:47.720 The Pressure Foundation

01:08:48.720 Good to see you.

01:09:06.580 what a historic press conference meeting we just witnessed just for good measure let's see what

01:09:17.000 Jen Psaki was saying last night and we will deliver a live on-air fact check of her brilliance

01:09:21.740 in a month if you can believe it since Donald Trump announced his sweeping and pretty ridiculous

01:09:28.820 tariffs but Mr. Art of the deal as he calls himself has not yet struck a single trade deal

01:09:34.920 not a single one with any single country well I think Mr. Art of the deal is delivering on his

01:09:40.760 promises maybe I'll have to bestow you with the new title of misinformation I'll read you some cold

01:09:47.280 hard facts that I'm sure hitting MSNBC pretty darn hard 5 billion increase in new market access 6

01:09:55.240 billion in tariff revenue just off of this one trade deal alone UK tariffs were originally 5.1%

01:10:01.460 dropped down now to 1.8% US tariffs were 10% now they are 3.4% as you guys saw if you watch that

01:10:09.720 whole conference the UK will reduce numerous non-tariff barriers that have unfairly

01:10:13.520 discriminated against American products billions for increased market access for American exports

01:10:17.760 especially agriculture beef ethanol virtually all of these products which are produced by our

01:10:23.280 wonderful wonderful American farmers new market access for American machinery and chemicals and

01:10:28.720 bringing the UK into the economic security alignment with the US ensuring a strong industrial base

01:10:34.000 protections for steel and of course affirming reciprocity and fairness as I'm sure Steve would

01:10:41.140 say suck on that MSNBC and how about the Chinese Communist Party and all of the global elites that have

01:10:46.940 done every single thing in their I guess unmatched power to try to tank President Trump's not just the

01:10:53.660 stock market but his efforts to reorient the global economy so it works for you putting working class

01:10:59.980 Americans first and not global elites I guess that's bad for the MSNBC business model Mike Lindell I think

01:11:06.860 we've got you you've always put American workers first with everything you got going on at my pillow you

01:11:11.060 got about a minute hit us with the latest deals you guys uh we've we're doing this sale that you've this

01:11:16.900 is a once a once any once a year sale it's a 50% off war room special but here's what we're doing so

01:11:24.100 you're getting 50% of go to go down a lot of the items most of the items are 50% off or more but if you

01:11:30.580 buy a hundred dollars or more today I'm going to match that with a hundred dollars in free digital gifts you

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01:11:42.900 to the website you scroll down click on Steve there's the crosses 50% off you've all waited for

01:11:48.900 this uh we've got the the uh the my pillows are over over 50% off you got the sheets that are over 50%

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01:12:09.780 it's a great surprise for the war room posse you guys have had my employees back 800-873-1062

01:12:17.140 you're going to get a usa operator what a concept i think you call it a win win win win though i think

01:12:24.260 for today's trade deal we'll have to add yet another win on that mike lindell thank you for joining us

01:12:28.900 war and posse thanks for hanging with me and i guess president trump this morning i will be back at 6 p.m

01:12:33.300 until then have a good one what if he had the brightest mind in the war room delivering critical

01:12:39.940 financial research every month steve bannon here war room listeners know jim rickards i love this guy

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Bannon's War Room - May 08, 2025

Episode 4471： Day 2 Of The Conclave; Trump Bridges Monumental Trade Deal With UK cont.

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