Human Events Daily with Jack Posobiec - February 13, 2025


PRESIDENT TRUMP ENDS THE ERA OF EUROPE AS A 'PROTECTORATE' OF AMERICA


Episode Stats


Length

47 minutes

Words per minute

161.1045

Word count

7,719

Sentence count

687

Harmful content

Misogyny

6

sentences flagged

Toxicity

13

sentences flagged

Hate speech

18

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Pres. Robert F. Kennedy Jr. is poised to become the next Secretary of Health and Human Services, his nomination cleared a key hurdle on Capitol Hill, we re all willing to work with anyone who is serious about doing the work of censoring the American people and advancing progress.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 I want to take a second to remind you to sign up for the Poso Daily Brief.
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00:00:23.320 Humanevents.com slash Poso.
00:00:25.060 Totally free.
00:00:25.820 The Poso Daily Brief.
00:00:30.000 This is what happens when the fourth turning meets fifth generation warfare.
00:00:39.480 A commentator, international social media sensation, and former Navy intelligence veteran.
00:00:46.040 This is Human Events with your host, Jack Posobiec.
00:00:49.100 Christ is king.
00:00:50.160 Robert F. Kennedy Jr. is poised to become the next Secretary of Health and Human Services.
00:00:54.540 His nomination cleared a key hurdle on Capitol Hill.
00:00:56.940 We are all willing to work with anyone who's serious about doing the work of censoring the American people and advancing progress.
00:01:06.260 I was in charge of policy and budget at USAID during the Reagan administration when we undertook a major effort to fix it.
00:01:14.940 And I'm going to show you my farewell present from AID.
00:01:18.960 You can see it's a hand grenade.
00:01:20.860 I am a senior research fellow at the Heritage Foundation.
00:01:23.620 I previously served at the USAID for International.
00:01:26.780 PEPFAR saves lives.
00:01:29.360 Restore the AIDS funding now.
00:01:31.640 PEPFAR saves lives.
00:01:33.660 Restore the AIDS funding now.
00:01:35.880 How soon do you want the Department of Education to be closed?
00:01:39.580 Oh, I'd like it to be closed immediately.
00:01:41.440 Look, the Department of Education is a big con job.
00:01:44.020 The bottom line is because it's not working.
00:01:48.000 Department of Education was set up in 1980.
00:01:52.140 And since that time, we have spent almost a trillion dollars.
00:01:55.700 And we have watched our performance scores continue to go down.
00:01:58.920 I do believe that it is a responsibility to make sure that our children do have equal access to excellent education.
00:02:06.140 I think that that is best handled at the state level closest to the states, working with state administrators, teachers, parents who should have input into their curriculum.
00:02:16.340 NATO is a great alliance.
00:02:18.880 The most successful defense alliance in history.
00:02:23.120 But to endure for the future, our partners must do far more for Europe's defense.
00:02:31.640 We must make NATO great again.
00:02:35.700 Twenty-eight people taken to hospital.
00:02:38.160 The suspect was driving this white Mini Cooper behind me and drove into a crowd of people who were not related to the security conference.
00:02:45.800 They were protesting for higher wages.
00:02:48.200 The suspect is an Afghan man.
00:02:49.980 He's 24 years old.
00:02:51.400 According to authorities, he was seeking asylum here in Germany.
00:02:55.120 And that is one woman dead. 1.00
00:02:56.920 At least 27 people injured.
00:02:58.660 Reports of a child fighting for their life after an Afghan migrant drove into a crowd in Munich, Germany.
00:03:05.160 This is just one of many terror attacks happening in the country right now.
00:03:09.740 And as that Afghan migrant drove into the crowd, he was shouting Allah. 0.97
00:03:14.860 Again, that video really shocking.
00:03:16.860 Of course, we're waiting for updates on that.
00:03:18.360 Welcome in.
00:03:18.900 I'm Michelle Backus.
00:03:19.820 It's filling in for the great Jack Posobiec, who is currently in Ukraine on a special mission with Pete Hegsteth.
00:03:26.280 Let's also bring in Kevin Posobiec, who is helping out today.
00:03:29.340 Kevin, thanks so much for being here.
00:03:30.580 Yeah, it's great to be with you, Michelle, again, once again this week.
00:03:36.280 Ladies and gentlemen, welcome aboard to another edition of Human Events Daily.
00:03:40.240 I'm your co-host, Jack Posobiec.
00:03:41.800 So we have a name for this 24-year-old Afghan asylum, quote, asylum seeker, Harad Nouri, a radical Islamist terrorist.
00:03:54.420 And it's interesting to see that he has come the same week as the Munich Security Conference ahead of J.D. Vance meeting there.
00:04:10.380 So a lot of this is a combination of simultaneous deals happening.
00:04:18.240 And we also have the vote in Germany coming up at the end of the month.
00:04:24.960 I'm interested to see what happens with Chancellor Olaf Scholz as well.
00:04:28.460 I think the United States is really causing peace through strength here.
00:04:33.580 What do you think about that, Michelle?
00:04:36.760 Peace through strength is 100% the mission here.
00:04:40.380 And, you know, Kevin, to piggyback on that, there have been five terror attacks in Germany in the past 12 months, all committed by asylum seekers. 0.96
00:04:47.720 We've seen this happen all throughout Europe.
00:04:49.240 I lived in Sweden where there were multiple assaults, as Sweden was notorious for taking in asylum seekers as well. 1.00
00:04:55.660 And women would leave the club and all of a sudden they'd go into a taxi and they'd be assaulted. 1.00
00:05:01.200 They'd be raped. 1.00
00:05:02.420 This is the kind of thing that Joe Biden wanted in this America. 1.00
00:05:06.540 Don't go anywhere.
00:05:07.160 We're going to be right back with more.
00:05:08.700 Again, we're waiting on President Trump as well as he signed some major executive orders.
00:05:13.060 We also check in, chat, Jack Posobiec for a historic day over in Europe.
00:05:17.260 Don't go anywhere.
00:05:17.800 You're watching Human Events Daily.
00:05:18.920 Stand in our way and our golden age has just begun.
00:05:24.580 This is Human Events with Jack Posobiec.
00:05:26.380 Now it's time for everyone to understand what America First truly means.
00:05:31.020 Welcome to the second American revolution.
00:05:35.440 Well, ladies and gentlemen, welcome aboard.
00:05:39.360 This is the POSO Euro Dispatch Day 3.
00:05:44.620 And, well, the cat's out of the bag.
00:05:47.800 I have not been recording these dispatches from Germany nor from Brussels.
00:05:54.680 I have, in fact, been recording these dispatches from the territory of Ukraine.
00:06:00.480 I accompanied Secretary Besant as part of his delegation from the Trump White House to Kiev, Ukraine.
00:06:10.060 Arrived there overnight by train, 10 hours in on the train, 10 hours out.
00:06:18.400 Visited with the Ukrainian Prime Minister, the Ukrainian Ministry of Finance, the U.S. Embassy in Kiev.
00:06:26.420 And, yes, also visited President Zelensky there in his presidential complex.
00:06:34.560 As you know, Secretary Besant held his meeting with President Zelensky where they discussed this situation with the rare earth minerals
00:06:42.420 and the deal that Zelensky had offered to President Trump regarding the peace for U.S., Russia, and Ukraine for ending the war.
00:06:52.720 This was the centerpiece of the entire situation.
00:06:55.880 Now, obviously, we couldn't be public about this trip because of security purposes,
00:07:01.800 but the entire time we were completely secured.
00:07:05.140 We had a traveling delegation of Secret Service dispatched by President Trump,
00:07:10.060 as well as military and motorcade escorts when we arrived on the ground.
00:07:15.780 What people need to understand is that it's been three years,
00:07:18.900 three years of a terrible war, a horrific war that never had to happen.
00:07:25.860 Had the Biden administration not been so aggressive with the expansion of NATO,
00:07:32.540 had there been any effort for peace, had there been any effort for real negotiation,
00:07:38.880 it's possible this could have been avoided.
00:07:41.460 And that's really what it comes down to, folks.
00:07:44.680 This was an unnecessary war.
00:07:47.380 It was certainly a provoked war, and it's a war that takes two to tango,
00:07:51.340 which means it's going to take two to get to peace.
00:07:55.460 If wars can be started by lies, peace can be started by truth.
00:08:00.380 Now, three years later, Human Events Daily is on the ground yet again in Ukraine,
00:08:08.360 showing you the inside story of what's happening inside these negotiations.
00:08:14.300 Secretary Besant met with Zelensky only hours after Pete Hegseth, the Secretary of Defense,
00:08:21.140 delivered a blistering statement in Brussels at the NATO conference,
00:08:25.560 Hegseth saying that the pre-2014 borders for Ukraine were not going to happen,
00:08:31.300 that NATO membership for Ukraine was not going to happen,
00:08:34.000 that the United States would not send troops to the territory of Ukraine
00:08:38.440 in any security post-war situation or agreement.
00:08:43.120 These are things that led Zelensky at the meeting, potentially, to not sign the deal.
00:08:50.600 So Secretary Besant arrived with a copy of the mineral deal with him.
00:08:54.640 He handed it to President Zelensky.
00:08:57.860 Zelensky looked at it, said that he wanted a security guarantee.
00:09:02.300 The security guarantee would be a de facto NATO membership.
00:09:06.660 This was not part of the deal.
00:09:08.680 He also said again and again that he wanted to meet with President Trump.
00:09:13.340 Secretary Besant urged him to sign the deal.
00:09:17.060 President Zelensky did not, but said that he would revisit it potentially
00:09:21.040 when he meets with J.D. Vance in Munich on Friday.
00:09:24.640 This is a very critical point, ladies and gentlemen,
00:09:29.300 because then, just as we were walking out of the presidential complex,
00:09:34.160 the presidential palace there in Kiev,
00:09:36.220 that's when President Trump almost to the very minute
00:09:39.920 posted his truth social saying that while we had been inside
00:09:44.440 and the Secretary was there meeting with Zelensky
00:09:47.300 and holding a press conference,
00:09:49.440 that President Trump had spent the entire same hour on the phone with Vladimir Putin.
00:09:56.180 So he gave Zelensky the opportunity to sign the deal first.
00:10:00.540 Zelensky didn't sign the deal right away.
00:10:03.140 That's when President Trump posted the truth social that has now been heard around the world,
00:10:08.620 one that has the European leaders absolutely apoplectic,
00:10:13.080 that President Trump is cutting them out
00:10:16.060 and saying that the neoconservatives and the European leaders,
00:10:20.280 the NATO countries are going to be cut out
00:10:23.780 because he said,
00:10:24.540 look, if you aren't funding this war
00:10:26.680 and if you aren't paying your NATO dues,
00:10:29.220 then why should I include you directly in the negotiations?
00:10:33.060 I'm going to go straight to the heart of the matter.
00:10:35.620 And he spoke with President Putin directly for over an hour
00:10:39.700 at the same time that Secretary Besant and the delegation were there in Kiev.
00:10:45.560 Then Zelensky immediately hopped on the phone and said,
00:10:49.380 let me call Trump, let me call Trump, let me call the president.
00:10:53.380 Ladies and gentlemen, there's a lot going on in this world.
00:10:57.440 There's a lot of moving pieces here.
00:10:59.480 J.D. Vance, Secretary Hegseth, Secretary Besant
00:11:05.820 will now be joined in Munich with the newly minted DNI,
00:11:11.460 Tulsi Gabbard, Secretary of State Marco Rubio
00:11:14.360 and CIA Director John Ratcliffe.
00:11:16.960 It remains to see what happens with the Vance-Zelensky summit tomorrow in Munich.
00:11:23.540 This is Jack Posobiec reporting from Kiev, Ukraine for Human Events Daily.
00:11:29.480 And a very special report there from Jack Posobiec in Ukraine.
00:11:34.160 Again, he said for security reasons, he was keeping it private.
00:11:37.640 Obviously, it was a very safe area,
00:11:39.900 but they wanted to ensure everyone followed protocol until that delegation arrived.
00:11:44.080 There was actually a missile and drone strike in Kiev before they got there.
00:11:48.420 So it is important to continue security precautions.
00:11:51.820 Nonetheless, he is very happy to report that there is progress,
00:11:57.540 and it's something that we're going to continue to keep up on.
00:12:00.320 Very important to note here, let's also bring in Kevin Posobiec if we do have him.
00:12:04.240 Zelensky did not agree to this minerals deal.
00:12:06.760 And this is a really interesting piece to note,
00:12:08.620 because the minerals is, quite frankly, Ukraine's bargaining power at this point.
00:12:13.520 And it has been noted multiple times, Kevin,
00:12:16.020 that Ukraine's not going to get everything that they want out of this deal.
00:12:19.040 In fact, they're going to have to give up a few things.
00:12:21.660 This is a negotiation.
00:12:23.180 This is a bargain coming to the middle.
00:12:25.840 And at the end of the day,
00:12:27.640 people, Kevin, think about the amount of people that died in this war.
00:12:33.000 Many people died in this war on both sides,
00:12:38.660 and that was part of the call between Putin and Trump yesterday.
00:12:43.420 In fact, pretty stereotypical of Putin to draw out the conversation,
00:12:51.000 bring up history for, you know, hours on end.
00:12:54.800 But aside from that, it's good to see.
00:12:57.560 I thought originally that we would be negotiating for farmland and resources,
00:13:03.000 as you could see, Ukraine being the breadbasket of Europe. 0.52
00:13:06.940 And now it's coming out.
00:13:08.900 I haven't heard it in the narrative recently,
00:13:11.580 but these rare earth minerals,
00:13:14.160 they're going to be very resourceful for the United States.
00:13:17.760 We have lithium, titanium, not much talk about uranium.
00:13:21.840 We see that more in Iran.
00:13:23.860 But moving forward,
00:13:26.420 I think this will be a great bargaining tactic for the United States.
00:13:30.640 And the compromise is between, you know,
00:13:35.420 very stable geniuses from Trump's envoy.
00:13:38.920 And it's clear, becoming much more clear,
00:13:41.940 that Zelensky is not one of these.
00:13:44.180 You saw how much Trump has him, you know, under his thumb.
00:13:48.980 Even before inauguration,
00:13:51.320 Zelensky came to New York to meet with Trump.
00:13:53.860 And now he orchestrated this deal,
00:13:58.540 this beginning of the deal,
00:14:00.460 simultaneously between the phone call
00:14:03.240 and also, like, the meeting with Vance
00:14:08.700 and then in Ukraine and Besson.
00:14:12.420 And he denied it at first
00:14:14.540 because Zelensky didn't even know what was happening just yet.
00:14:17.900 But the fact that Trump and everyone is over there,
00:14:21.200 it's just, it's genius.
00:14:23.220 And of course, Jack, like, shout out to Jack.
00:14:25.080 You know, I was with him over there three years ago,
00:14:27.640 as he said, in the dispatch.
00:14:31.080 But this is still, this isn't peace yet.
00:14:34.460 Like, we still have to follow through with these negotiations.
00:14:38.040 And this is still, like, uncharted territory.
00:14:41.320 It's dangerous territory.
00:14:42.540 And, you know, we have to pray for everyone involved in this.
00:14:47.200 Yeah, and as you mentioned that,
00:14:52.260 I've been seeing prayers online for Pete Hegseth as well
00:14:56.200 because this is his first day at NATO.
00:14:58.700 And I believe we do have a soundbite on that we can get to.
00:15:02.420 As he said, make NATO great again.
00:15:04.200 I remember this clip.
00:15:05.580 President Trump will not allow anyone to turn Uncle Sam into Uncle Sucker.
00:15:09.660 And that's what the American people want.
00:15:14.240 Today, you know, they talk about influences.
00:15:16.860 These are influences.
00:15:18.780 And they're friends of mine.
00:15:21.120 Jack Prasovic.
00:15:22.640 Where's Jack?
00:15:23.560 Jack.
00:15:24.560 He's done a great job.
00:15:26.400 Jack.
00:15:27.320 Well, guys, it is a bad day to be Big Pharma
00:15:31.600 because RFK Jr. has been confirmed as Secretary of Health and Human Services by the Senate.
00:15:37.740 Major news this morning.
00:15:39.420 A lot of people really excited over that.
00:15:41.500 We're going to get reaction in just a moment.
00:15:43.040 Let's also bring in Kevin Prasovic
00:15:45.480 as we are both filling in for the great Jack Prasovic,
00:15:48.300 who is on a special mission over in Ukraine right now,
00:15:51.860 doing big work over there for the MAGA peace deal.
00:15:54.300 And, Kevin, it's interesting.
00:15:55.640 I'll never forget the day that RFK Jr. came up on stage
00:15:59.120 and announced that he'd no longer be running for president.
00:16:02.560 And then the plot twist of the century joined up with President Trump.
00:16:07.760 And I remember when he was running.
00:16:10.540 Is he pulling votes from Republicans or Democrats?
00:16:13.180 And to be quite frank, he was pulling votes from both sides
00:16:16.000 because his message resonated with so many Americans,
00:16:20.320 especially mothers who were raising children 1.00
00:16:22.760 and trying to keep them away from the chemicals and the additives
00:16:25.420 and Big Pharma who's pushing all this money onto lawmakers
00:16:28.480 to ultimately make decisions for their pockets
00:16:31.700 rather than the American people.
00:16:34.620 It's something that I know a lot of people in the health and fitness culture
00:16:38.720 were very big on.
00:16:40.780 And really seeing the convergence of the MAHA and MAGA movements come together
00:16:44.900 was when I knew America is changing.
00:16:47.980 People want reform and they want change.
00:16:50.200 And mind you, it's interesting to note as well,
00:16:52.740 RFK Jr., he was getting hit from both sides.
00:16:55.660 At first, a lot of people didn't think that he would make it through.
00:16:58.760 As we had said earlier, many Democrats, even Republicans,
00:17:01.220 saying that a lot of Trump's picks were dead on arrival.
00:17:03.440 And that simply wasn't the case.
00:17:04.760 The people voted for reform.
00:17:06.440 And that's exactly what happened.
00:17:08.120 Another big hurdle is the Senate Judiciary Committee
00:17:10.040 has advanced Kash Patel out of the committee.
00:17:12.340 He's now headed for a final full Senate vote,
00:17:14.640 something we're going to keep an eye on as well.
00:17:17.720 Adam Schiff, of course, was dodging questions
00:17:19.840 about slow-walking Kash Patel's nomination there.
00:17:23.620 It's also funny to watch what Democrats are saying right now.
00:17:26.720 I thought I saved a couple of the tweets.
00:17:28.580 Senator Cory Booker, 0.90
00:17:29.900 Kash Patel is dangerous, dishonest, and unqualified.
00:17:32.760 I'm calling for President Trump to withdraw his nomination
00:17:35.020 to be the director of the FBI.
00:17:37.220 And if his nomination is brought to the Senate floor,
00:17:39.140 I will vote no.
00:17:40.380 Well, we all knew that you would vote no,
00:17:42.320 so this isn't anything groundbreaking, to be quite frank.
00:17:44.900 But you have to consider the rhetoric
00:17:48.340 that the Democrats are using.
00:17:49.940 And keep note of this,
00:17:51.320 because now they're saying Kash Patel is dangerous.
00:17:54.220 He's dishonest.
00:17:55.160 He's unqualified.
00:17:56.720 Notice what they're doing.
00:17:57.920 The Democrats are grasping at straws,
00:18:00.060 and they really have no game plan.
00:18:01.680 So that's why they're resorting to name-calling
00:18:03.560 and trying to diminish somebody's character.
00:18:06.140 They have no idea what they're doing.
00:18:08.640 This is just the beginning.
00:18:10.760 And I want to bring in Kevin Pasovic,
00:18:12.240 if we do have him right now, to chat about this,
00:18:14.340 because, Kevin, I've been warning about this.
00:18:16.740 Big pharma is powerful,
00:18:18.100 and it is lining the pockets of a lot of these lawmakers.
00:18:21.320 And a lot is going to come out
00:18:22.640 between RFK Jr. having Kash Patel as the head here.
00:18:26.220 I think that these Democrats are scared.
00:18:29.240 I think that Adam Schiff is scared.
00:18:31.360 And that's why they're trying to do anything they can
00:18:33.120 to stop this.
00:18:36.300 Yeah, they certainly are going to try and stop this,
00:18:38.960 and they have nothing.
00:18:40.120 I'd like to see what Elizabeth Warren is up to today. 1.00
00:18:43.020 She's probably vehemently riling about,
00:18:47.080 and she's probably not going to be cooking any steaks today
00:18:50.720 or drinking any raw milk in celebration of RFK.
00:18:53.460 I've got to say that, Mike.
00:18:54.400 But you are.
00:18:55.180 You said you were.
00:18:56.780 That's right.
00:18:57.460 I sure am.
00:18:58.140 I was half-tempted to just take this whole setup outside
00:19:00.940 next to the grill.
00:19:02.320 It's a little cold up here in D.C.,
00:19:04.000 but, hey, it's a big day for all of us.
00:19:06.620 But, yeah, especially, I mean,
00:19:07.660 we've got to follow through here.
00:19:09.500 Yeah, we've got to get cash through as well.
00:19:11.260 Can't celebrate too early.
00:19:14.240 Yeah, we've got to go after.
00:19:16.360 I'm looking forward to cash personally going after
00:19:19.920 Pencil Next Shift here for all his accusations,
00:19:22.880 and it's going to be glorious.
00:19:25.620 It's going to be so glorious.
00:19:27.080 And I'm looking forward to RFK as well,
00:19:30.740 what he plans to do with the CDC and the FDA
00:19:33.740 towards any of these vaccine mandates,
00:19:38.640 environmental protocols, cloud seeding.
00:19:42.400 I mean, there's just so many,
00:19:43.720 so many areas we could touch on here.
00:19:45.900 It's a lot to look forward to.
00:19:47.780 Yeah, it is.
00:19:50.820 And we are waiting for that confirmation
00:19:53.680 with RFK Jr. a little later today.
00:19:56.000 We'll get that up once we get that.
00:19:57.540 But, you know, it's interesting to see the rhetoric,
00:20:01.140 to see what Democrats are doing at this point.
00:20:03.880 You know, we were talking with Mark Mitchell yesterday,
00:20:05.520 Rasmussen reports.
00:20:06.680 Trump approval rating today hit 54%.
00:20:09.780 Only 36 strongly disapproved.
00:20:13.260 That shows promises made, promises kept.
00:20:15.080 It has been, what did we say, 20, 24, 28 days in office.
00:20:19.160 I wrote it down here somewhere
00:20:20.720 that President Trump has been in office.
00:20:22.940 And just think, 24, that's it.
00:20:25.620 I'm hearing 24.
00:20:27.300 Just think about the monumental change
00:20:28.880 that has happened in that small amount of time.
00:20:31.980 And the Democrats, quite frankly, don't know what to do.
00:20:34.520 Again, they continue attacking Doge, Elon Musk.
00:20:37.480 I actually saw something today
00:20:39.020 just about the net worth of these politicians, right?
00:20:42.460 You have Mitch McConnell, who, by the way,
00:20:44.120 voted no for Tulsi and RFK Jr.
00:20:46.180 Keep note of that as well.
00:20:47.520 Who's shocked?
00:20:48.840 But, Kevin, think about it.
00:20:50.380 Mitch McConnell's annual salary, $200,000.
00:20:53.040 His net worth, $95 million.
00:20:55.240 Similarly, Chuck Schumer, $210,000.
00:20:58.440 His net worth, $75 million.
00:21:01.180 Nope, nope, not for long.
00:21:05.680 Nope.
00:21:05.980 That's what RFK has is.
00:21:07.600 He has the budgetary power.
00:21:09.500 Kevin Posobiec, speechless.
00:21:12.280 We're gonna change a lot up.
00:21:13.780 It's an exciting time in Washington, a new era.
00:21:15.920 Stick with us.
00:21:16.360 We'll be right back again.
00:21:17.800 Jack Posobiec in Ukraine right now on a special-
00:21:20.280 And, Jack, where is Jack?
00:21:23.080 Where is Jack?
00:21:25.360 Where is he?
00:21:26.660 Jack, I want to see you.
00:21:30.300 Great job, Jack.
00:21:31.700 Thank you.
00:21:32.460 What a job you do.
00:21:33.900 You know, we have an incredible thing.
00:21:35.280 We're always talking about the fake news and the bad,
00:21:37.580 but we have guys,
00:21:39.080 and these are the guys who should be getting Pulisic.
00:21:41.080 And welcome back to Human Events Daily.
00:21:44.860 If you're wondering, where is Jack?
00:21:46.760 Well, Jack is on a special mission
00:21:48.480 over in Ukraine right now.
00:21:49.920 Take a look.
00:21:50.440 It's the MAGA peace deal.
00:21:51.880 He's doing big things over there.
00:21:53.580 Of course, very exciting.
00:21:55.120 We've been checking in with him constantly
00:21:57.060 as he's making major moves.
00:22:00.980 Take a look at that right there.
00:22:03.880 It's very exciting to see,
00:22:05.320 and this is a huge deal, guys.
00:22:06.820 This past week has been historic
00:22:08.980 in terms of getting us closer to peace,
00:22:12.240 stopping World War III.
00:22:13.560 We're calling it the MAGA peace deal, 0.65
00:22:15.020 peace through strength.
00:22:16.220 And look, Pete Hegseth had said today
00:22:18.360 that he is not going to stand for this any longer,
00:22:22.060 make NATO great again.
00:22:23.360 He outlined everything.
00:22:24.620 We are strong yet again.
00:22:26.340 And speaking of President Trump in office,
00:22:28.960 not even a month,
00:22:30.040 and still signing executive orders,
00:22:32.340 we're live there now.
00:22:33.340 Take a look at that.
00:22:34.480 Again, these are all reciprocal tariffs
00:22:36.440 that he is putting into place.
00:22:38.720 Take a look.
00:22:41.480 All great people.
00:22:43.160 Yes, sir.
00:22:44.060 There you go.
00:22:44.980 Thank you.
00:22:57.680 You want to read the names?
00:22:59.460 I can't.
00:22:59.980 Go ahead.
00:23:00.720 First, the chairman will be Devin Gerald Nunez,
00:23:07.300 and the members of the board will be Scott Blade,
00:23:12.440 Amaryllis Fox Kennedy, Brad Wenstrup,
00:23:15.280 Katie Miller, Wayne Berman,
00:23:17.380 Rents Priebus, Robert O'Brien,
00:23:19.860 Joshua Lobel, Sander Gerber,
00:23:22.500 Jeremy Katz, and Thomas Hicks, Jr.
00:23:25.760 Okay, good.
00:23:28.520 All good.
00:23:29.520 Next, sir, we have a presidential memorandum
00:23:31.540 for your attention entitled
00:23:32.560 Reciprocal Trade and Tariffs.
00:23:34.720 This memorandum will reshape American trade policy
00:23:38.520 with the guiding principle being
00:23:41.140 that our tariffs and our treatment of other countries
00:23:45.120 should be reciprocal based on their treatment of us.
00:23:48.200 It charges your Secretary of Commerce,
00:23:50.120 your U.S. trade representative
00:23:51.660 and other cabinet secretaries
00:23:54.000 to pursue that policy vigorously
00:23:56.860 and to develop trade policies in accordance with it.
00:24:00.160 That's good.
00:24:00.680 Well, we'll sign that.
00:24:01.480 And before we do, I think I'll mention
00:24:03.080 that some numbers have come out.
00:24:06.360 And as you know,
00:24:07.420 we're looking for waste, fraud, and abuse.
00:24:11.340 And this just came out
00:24:13.020 from the Government Accountability Office.
00:24:17.700 And they're pretty staggering numbers.
00:24:19.400 The federal government loses
00:24:20.560 as much as $521 billion in frauds a year.
00:24:25.220 That's what Elon's working so hard on
00:24:27.740 with his group of almost 100 geniuses.
00:24:32.100 In 2023, there was an estimated $236 billion
00:24:39.080 in improper payments made.
00:24:42.880 And they think that number is very low.
00:24:45.480 It should be much higher.
00:24:46.760 $236 billion.
00:24:47.640 Again, this is why we're doing what we're doing.
00:24:50.360 This is why I campaigned so hard
00:24:53.060 and discussed this so much.
00:24:55.660 And since 2003,
00:24:58.200 there have been $2.7 trillion
00:24:59.920 in improper payments,
00:25:01.800 meaning payments that went to the wrong people
00:25:04.220 or payments that shouldn't have been made.
00:25:05.900 According to the economic policy center,
00:25:10.780 very respected,
00:25:11.560 in 2024, there was an estimated $162 billion
00:25:16.500 in improper payments.
00:25:19.620 Earned income tax credit,
00:25:21.420 this is having to do with earned income tax credit,
00:25:25.740 it was $15.9 billion,
00:25:27.820 having to do with food stamps, improper.
00:25:30.400 $10.5 billion in improper payments.
00:25:35.240 Restaurant revitalization fund, $8.7 billion.
00:25:39.620 Supplemental security income, $6.5 billion.
00:25:42.880 This is all bad stuff, bad payments.
00:25:48.340 Fraud, largely fraud.
00:25:51.080 Unemployment insurance, $5.6 billion.
00:25:53.340 And according to House Ways and Means in 2024,
00:25:57.240 Social Security Disability Insurance
00:25:59.800 and Survivors Insurance Program
00:26:01.380 sent an estimated $8.3 billion in improper payments,
00:26:05.420 including $6.5 billion in overpayments,
00:26:09.020 where they overpaid.
00:26:10.980 So, these are staggering numbers.
00:26:13.940 And this has been going on for a long time.
00:26:16.280 And we're finding a lot of it.
00:26:19.980 And those numbers are minimal.
00:26:22.200 They're really minimal.
00:26:23.480 Those are numbers that have been proven.
00:26:26.180 So, you can imagine what the real number is.
00:26:28.460 But we're going to make America rich again.
00:26:31.600 And that's a good place to start.
00:26:33.180 But here's really the place to start,
00:26:34.880 because we're talking now about reciprocal tariffs.
00:26:39.700 And on trade, I have decided,
00:26:41.400 for purposes of fairness,
00:26:43.680 that I will charge a reciprocal tariff,
00:26:46.060 meaning whatever countries charge
00:26:47.900 the United States of America,
00:26:50.180 we will charge them.
00:26:51.720 No more, no less.
00:26:53.100 In other words,
00:26:54.360 they charge us a tax or tariff,
00:26:56.940 and we charge them the exact same tax or tariff.
00:27:01.200 Very simple.
00:27:02.940 Nobody knows what that number is,
00:27:04.740 unless you go by the individual country.
00:27:06.660 You can see what it is,
00:27:07.940 if you go to the individual country,
00:27:10.060 and you look at what they're charging us.
00:27:11.980 In almost all cases,
00:27:13.960 they're charging us vastly more than we charge them.
00:27:17.420 But those days are over.
00:27:19.000 For purposes of this United States policy,
00:27:23.320 which is a big one,
00:27:24.700 we will consider countries that use the VAT system.
00:27:28.320 You know, you hear about a VAT tax all the time,
00:27:30.300 the VAT system,
00:27:31.420 which is far more punitive, actually,
00:27:33.720 than a tariff.
00:27:34.400 Similar, but more punitive.
00:27:35.720 To be similar,
00:27:37.880 so that the way we're going to look at it,
00:27:41.380 we're going to call it a tariff,
00:27:42.680 because they use that
00:27:43.780 as a way of getting away from the tariff
00:27:46.200 and the designation of tariff.
00:27:48.100 But it's essentially similar or the same thing.
00:27:51.560 So a VAT tax will be viewed as a tariff.
00:27:54.120 The certain areas of Europe do it,
00:28:00.080 to put it mildly.
00:28:00.960 They have about a 20% VAT tax.
00:28:04.500 Sending merchandise, product,
00:28:06.200 or anything by any other name
00:28:08.100 through another country
00:28:09.000 for purposes of unfairly harming America
00:28:11.940 will not be accepted.
00:28:13.620 In addition, we will make a provision
00:28:15.760 for subsidies provided by countries
00:28:18.540 in order to take economic advantage
00:28:21.160 of the United States,
00:28:22.220 which a lot of countries do,
00:28:23.380 including our allies.
00:28:26.480 Our allies, in many cases,
00:28:28.180 are worse than our enemies in this,
00:28:29.860 having to do with trade.
00:28:31.660 And it's been going along.
00:28:32.940 That's why we have a $36 trillion amount of money
00:28:39.140 that we owe.
00:28:40.040 We owe $36 trillion,
00:28:41.720 but that will come down rapidly.
00:28:43.160 Likewise, provisions will be made
00:28:44.960 for non-monetary tariffs.
00:28:48.060 And a non-monetary,
00:28:49.860 that's where they charge
00:28:52.280 and they do things that aren't,
00:28:54.540 there's no dollar amount,
00:28:56.140 but they make it impossible
00:28:57.080 for you to do business.
00:28:58.340 They do tests on cars,
00:29:00.560 like dropping a bowling ball
00:29:02.160 on the hood of a car.
00:29:03.200 And if the hood doesn't withstand it,
00:29:05.420 which no hood would,
00:29:06.280 except for an army tank,
00:29:07.800 then they say,
00:29:08.540 I'm sorry,
00:29:08.840 I'm sorry,
00:29:08.920 you can't sell your car
00:29:09.800 into a certain country.
00:29:12.560 That's a non-monetary tariff.
00:29:15.780 So, this is in order
00:29:17.860 to take economic advantage.
00:29:20.520 Likewise,
00:29:21.900 the provisions
00:29:22.640 for the non-monetary tariffs
00:29:24.780 and trade barriers
00:29:25.620 that some countries charge,
00:29:28.320 and most countries,
00:29:29.320 many countries,
00:29:30.020 have something to that effect
00:29:31.280 in order to keep our product
00:29:32.540 out of their domain,
00:29:33.660 or if they do not even
00:29:35.560 let the U.S. businesses operate.
00:29:37.540 So, in some countries,
00:29:39.840 they just won't let us
00:29:40.980 even operate there.
00:29:42.860 They charge us a lot,
00:29:44.420 but they won't even let us go in.
00:29:46.500 And we have many of them.
00:29:48.700 And what our Secretary of Commerce,
00:29:52.480 standing right behind me,
00:29:54.200 Howard Leibnick,
00:29:55.240 what he's going to be doing
00:29:56.660 is he's going to come up
00:29:58.440 with a number
00:29:58.980 that's an equivalent number to that.
00:30:01.180 But in many countries,
00:30:02.500 not too many,
00:30:03.500 but quite a few,
00:30:05.360 they don't let us do business.
00:30:06.920 They effectively
00:30:07.460 don't let us do business.
00:30:08.960 So, we're going to put a number
00:30:10.040 on that that is a fair number.
00:30:12.360 We're able to accurately determine
00:30:14.120 the cost of these
00:30:15.340 non-monetary trade barriers,
00:30:17.360 and we'll be able to do that
00:30:18.940 very accurately.
00:30:21.180 It's fair to all.
00:30:22.880 No other country can complain,
00:30:24.780 and in some cases,
00:30:25.920 if a country feels
00:30:26.680 that the United States
00:30:27.660 would be getting too high a tariff,
00:30:29.660 all they have to do
00:30:30.520 is reduce or terminate
00:30:31.720 their tariff against us,
00:30:32.980 in which case,
00:30:34.200 we're going to pay
00:30:34.960 the same thing.
00:30:35.960 There is no tariff.
00:30:36.800 So, if they have a tariff,
00:30:39.020 and then they complain
00:30:39.940 that this is too high,
00:30:41.520 all they have to do
00:30:42.120 is reduce their tariff
00:30:43.100 or not charge it.
00:30:44.740 I think there'll be
00:30:45.520 certain countries,
00:30:47.560 it's already happened,
00:30:48.480 I believe I heard,
00:30:49.420 that the EU today
00:30:51.400 or yesterday
00:30:52.220 lowered the tariff
00:30:53.260 on their cars
00:30:53.980 to 2.5 percent,
00:30:55.960 because that's what we charge.
00:30:57.860 And they lowered it
00:30:59.040 from 10 percent,
00:30:59.960 but it was really much
00:31:00.640 higher than 10 percent.
00:31:01.720 But 10 percent to 2.5,
00:31:04.040 that's already happened.
00:31:04.840 That's a big win.
00:31:06.340 We've been after
00:31:06.940 that to happen
00:31:07.820 for many years,
00:31:08.540 but it never happened,
00:31:09.460 but nobody did anything
00:31:10.360 about it,
00:31:11.240 sitting in this lovely chair.
00:31:13.500 So, there are no tariffs
00:31:15.180 if you manufacture
00:31:16.260 or build your product
00:31:17.300 in the United States.
00:31:18.500 So, if you build your product
00:31:20.300 in the United States,
00:31:21.500 there are no tariffs,
00:31:22.400 nothing.
00:31:22.880 You don't have to worry
00:31:23.460 about it.
00:31:24.480 It doesn't exist.
00:31:25.660 A lot of companies
00:31:27.040 will come back
00:31:27.780 to the United States
00:31:28.820 to build their product,
00:31:30.120 make their product
00:31:30.820 in the United States,
00:31:31.980 because there will be
00:31:32.600 no tariff, nothing.
00:31:34.400 For many years,
00:31:35.160 the U.S. has been treated
00:31:36.160 unfairly by other countries,
00:31:37.760 both friend and foe.
00:31:39.420 This system will immediately
00:31:40.640 bring fairness
00:31:41.400 and prosperity back
00:31:42.960 into the previously complex
00:31:45.860 and unfair system of trade.
00:31:47.540 We had a very unfair system
00:31:48.820 to us.
00:31:50.220 Everybody took advantage
00:31:51.380 of the United States,
00:31:52.720 and we paid a big price for it.
00:31:55.080 America has helped many countries
00:31:57.080 throughout the years
00:31:57.960 at great financial cost.
00:31:59.880 It is now time
00:32:00.680 that these countries remember
00:32:02.080 what we've done for them
00:32:04.220 and treat us fairly.
00:32:06.040 We want a level playing field
00:32:07.600 for all American workers.
00:32:10.100 We want a level playing field
00:32:11.420 for the United States of America.
00:32:13.820 I've instructed my Secretary of State,
00:32:16.720 my Secretary of Commerce,
00:32:18.700 Secretary of the Treasury,
00:32:19.880 and the United States
00:32:21.040 Trade Representative
00:32:22.300 to do all the necessary work
00:32:24.920 to deliver reciprocity.
00:32:27.480 In other words,
00:32:28.480 reciprocal reciprocity
00:32:30.720 to our system of trade.
00:32:32.460 So we're going to have
00:32:33.100 a reciprocal tax.
00:32:35.360 Whatever they charge,
00:32:36.660 we charge.
00:32:37.340 If they don't let us in,
00:32:38.440 we're going to determine
00:32:39.320 a value for that.
00:32:40.940 But overall,
00:32:41.600 it's going to be
00:32:42.040 a very simple system.
00:32:43.760 Whatever they charge,
00:32:45.300 we charge.
00:32:46.240 So nobody can complain.
00:32:48.000 I don't think anybody
00:32:48.860 can complain.
00:32:49.660 And I'm going to sign this.
00:32:51.420 And the numbers are going
00:32:52.960 to be very fair,
00:32:55.040 but staggering.
00:32:56.240 They're going to be large,
00:32:57.700 but very fair.
00:32:59.080 And this should have been
00:32:59.840 done years ago.
00:33:00.880 And I did it
00:33:01.520 in a different form
00:33:02.760 with tariffs and taxes
00:33:05.460 on China.
00:33:06.520 We took in hundreds
00:33:07.360 of billions of dollars.
00:33:08.600 No other president,
00:33:09.840 as you know,
00:33:10.420 ever took in 10 cents.
00:33:11.660 But that was a few countries.
00:33:13.500 That wasn't what we're doing now.
00:33:15.740 Now we're doing it
00:33:16.440 with every country.
00:33:17.120 So this is every country.
00:33:19.180 And essentially,
00:33:20.300 when they treat us fairly,
00:33:21.360 we treat them fairly.
00:33:22.280 It's a very fair way
00:33:23.140 of doing it.
00:33:24.540 And I don't know
00:33:25.900 that it's ever been done before,
00:33:27.360 but that's the way.
00:33:28.540 I'd like to ask
00:33:29.200 the Secretary of Commerce
00:33:30.480 to say a few words.
00:33:31.420 Please help.
00:33:33.160 So reciprocal tariffs
00:33:35.660 sound fair.
00:33:37.980 But when you understand
00:33:39.160 how brutally unfair
00:33:40.900 the world's trading
00:33:42.740 has been
00:33:43.500 since we opened ourselves up
00:33:45.940 after World War II, right?
00:33:47.780 We tried to export 1.00
00:33:49.060 the power of our economy
00:33:50.500 to rebuild the world.
00:33:52.660 And what happened since then
00:33:54.080 is everyone else
00:33:54.800 has taken advantage of us.
00:33:56.380 Some countries,
00:33:57.440 like the VAT
00:33:58.080 that the president
00:33:58.680 spoke about,
00:33:59.720 20% on everything we sell
00:34:02.180 just casually.
00:34:03.420 And when they sell to us,
00:34:04.500 of course,
00:34:04.880 they drop that 20 right away.
00:34:06.760 So it's sort of
00:34:07.400 an export subsidy,
00:34:08.820 if you will.
00:34:09.780 So we are going
00:34:11.020 to address each country
00:34:12.460 one by one.
00:34:14.060 But here's the key.
00:34:14.980 They'll get an invitation
00:34:16.240 to trade
00:34:17.740 with the greatest
00:34:18.640 consumer economy
00:34:20.340 in the world.
00:34:21.720 And in exchange
00:34:22.500 for trading
00:34:23.120 at the greatest
00:34:23.720 consumer economy
00:34:24.600 in the world,
00:34:25.700 you have to treat us
00:34:26.600 the way we're going
00:34:27.220 to treat you.
00:34:27.740 It's going to be the same.
00:34:28.560 But no more inviting
00:34:31.340 bad people to the party.
00:34:33.760 So what the president
00:34:34.580 spoke about with Mexico
00:34:36.300 and Canada
00:34:38.000 is we gave them
00:34:39.260 the greatest invitation ever.
00:34:41.600 Right?
00:34:41.800 You're our neighbor.
00:34:42.600 You're our friend.
00:34:43.840 Trade for free with us.
00:34:46.080 And what did they do?
00:34:47.280 China came in. 0.97
00:34:48.960 Right?
00:34:49.480 Steel done by India.
00:34:51.620 Aluminum done by Australia.
00:34:53.820 You have Australian 0.93
00:34:54.900 aluminum mines
00:34:56.040 operating at 90%.
00:34:58.340 And U.S. aluminum mines
00:35:00.940 and aluminum production
00:35:02.900 50%.
00:35:03.880 We're going out of business
00:35:04.940 and they're using
00:35:05.820 Canada to come in. 0.62
00:35:07.440 So the president
00:35:08.060 is keenly aware,
00:35:10.340 keenly focused
00:35:11.220 on changing this model.
00:35:13.340 We will be fair
00:35:14.040 to each country
00:35:14.920 but no inviting
00:35:16.740 any other country.
00:35:20.400 And Kevin,
00:35:21.320 could you say
00:35:21.760 a few more examples?
00:35:22.520 Oh, sure, sir.
00:35:23.060 Kevin Hassett.
00:35:23.740 Yeah.
00:35:24.100 One of the things
00:35:24.900 that we noticed, sir,
00:35:25.860 when you asked us
00:35:26.540 to look into the numbers
00:35:28.060 was that last year
00:35:30.100 U.S. companies
00:35:30.940 paid foreign governments
00:35:31.900 370 billion dollars
00:35:33.540 in tax.
00:35:34.560 And then we in the U.S.
00:35:36.700 asked them to pay us tax
00:35:38.100 for what they did
00:35:38.860 and the U.S. gathered
00:35:39.960 57 billion.
00:35:41.640 And so we paid them
00:35:42.380 370 billion
00:35:43.300 and they paid us
00:35:45.200 57 billion.
00:35:46.500 And when people say,
00:35:48.080 oh, you're doing
00:35:48.860 this tariff thing,
00:35:49.680 how could you do that?
00:35:50.640 Why would you do that?
00:35:51.380 It's so unfair.
00:35:52.380 Let's think about this.
00:35:53.460 They have three quarters
00:35:54.200 of world GDP.
00:35:55.320 We have one quarter
00:35:56.200 of world GDP
00:35:56.880 and we're paying
00:35:57.820 them 370 billion dollars
00:35:59.300 and they're paying
00:36:00.380 us 57 billion.
00:36:01.300 Yeah, it's amazing.
00:36:02.620 Thank you, sir.
00:36:03.240 Well, it's big,
00:36:04.080 big numbers.
00:36:05.380 Mr. Trade Rep,
00:36:06.460 would you like
00:36:06.900 to say something?
00:36:08.000 Congratulations, by the way.
00:36:09.020 I watched you
00:36:09.580 two days ago
00:36:10.820 on television
00:36:11.480 and you did fantastically.
00:36:13.280 Thank you, sir.
00:36:13.820 Congratulations.
00:36:14.160 Thank you.
00:36:14.800 You make it easy for me,
00:36:15.940 Mr. President.
00:36:16.940 We have a trillion dollar
00:36:17.900 deficit coming out
00:36:19.020 of the last administration.
00:36:20.600 We can't have that anymore.
00:36:21.800 We've had 60,000 factories
00:36:23.300 lost during the period
00:36:24.480 of globalization.
00:36:25.220 All of these things
00:36:26.680 have harmed our workers,
00:36:27.880 they've harmed our farmers,
00:36:29.340 they've harmed our families
00:36:30.180 and our communities
00:36:30.880 and that stops right now.
00:36:33.540 We're going to look
00:36:34.240 at everything.
00:36:34.880 We'll certainly look
00:36:35.440 at the tariffs
00:36:36.000 but we're also going
00:36:36.760 to look at subsidies.
00:36:38.460 We're going to look
00:36:39.140 at taxes that are discriminatory.
00:36:41.340 We're going to look
00:36:41.720 at fake antitrust regimes
00:36:43.000 in other countries
00:36:43.780 that try to regulate
00:36:44.900 our companies,
00:36:45.820 our competitive companies.
00:36:46.780 We're going to look
00:36:47.080 at all these things
00:36:47.800 and we're going to figure
00:36:48.660 out exactly what we should
00:36:49.520 be charged in other countries.
00:36:50.800 Well, thank you.
00:36:51.820 And it won't be complicated.
00:36:53.460 It's going to be very easy.
00:36:54.660 Big numbers.
00:36:55.220 The biggest you've ever seen.
00:36:57.960 Peter, go ahead.
00:36:58.880 Yes, sir.
00:37:00.180 Tariffs are bad.
00:37:02.060 Around the world,
00:37:02.980 they're higher than we have.
00:37:04.700 But I'll tell you what,
00:37:05.780 non-monetary barriers
00:37:07.680 that are imposed on us,
00:37:09.600 the worst.
00:37:10.200 And President Trump
00:37:10.900 has been right
00:37:12.000 to single out,
00:37:13.400 for example,
00:37:14.260 the VAT tax,
00:37:15.080 the value-added tax.
00:37:16.780 There's a reason why
00:37:18.040 Germany sells eight more cars
00:37:20.520 to every one we sell them.
00:37:21.880 that it's not
00:37:22.900 American craftsmanship.
00:37:24.340 It's not American design.
00:37:26.220 It's simply
00:37:26.880 the unfair trade practices.
00:37:29.480 And that VAT 1.00
00:37:30.240 is a killer. 0.70
00:37:31.640 It's a hidden tariff.
00:37:33.140 It's also,
00:37:33.840 as Secretary Ludnick said,
00:37:35.820 it's a hidden export subsidy.
00:37:37.860 There's about a $20,000
00:37:39.320 differential
00:37:40.200 between when we try
00:37:42.480 to sell them a car
00:37:43.340 and they sell us a car.
00:37:44.420 And that's going to stop
00:37:45.940 with this man.
00:37:48.460 Well, I want to say
00:37:49.560 that, actually,
00:37:51.060 tariffs are good.
00:37:53.140 Tariffs are great, actually. 0.99
00:37:55.520 And the problem is
00:37:56.760 we didn't charge them
00:37:57.680 and everyone else did.
00:37:58.840 They charged us,
00:37:59.680 but we didn't charge them
00:38:00.680 because we were 0.97
00:38:01.580 generous or foolish 1.00
00:38:04.420 or stupid 1.00
00:38:05.040 or all of the above. 1.00
00:38:07.860 So this is one of the biggest,
00:38:10.160 I think, economic bills
00:38:11.860 ever said.
00:38:12.420 I think it's probably
00:38:13.140 the biggest
00:38:13.660 in terms of what it represents.
00:38:15.340 Now, this doesn't include
00:38:18.220 what we did
00:38:19.020 a few days ago
00:38:20.020 with steel and aluminum.
00:38:21.140 That's over and above this.
00:38:23.640 Cars will be over and above this.
00:38:25.720 Look at what's coming shortly.
00:38:29.280 If you take a look
00:38:30.260 at the chips
00:38:31.560 and the various things
00:38:32.460 in that world,
00:38:33.240 that universe,
00:38:33.960 that'll be over and above it.
00:38:35.140 Also, pharmaceuticals
00:38:36.380 will be over and above.
00:38:38.360 So those elements
00:38:39.580 will be over and above.
00:38:40.560 Otherwise,
00:38:41.100 this is covering
00:38:41.840 pretty much everything.
00:38:45.000 And it's going to be
00:38:46.600 great for the United States
00:38:48.980 and fair for the world.
00:38:50.060 I mean, it's the most
00:38:50.640 fair you can do.
00:38:51.440 You can't,
00:38:51.860 we could charge
00:38:52.440 just a flat tariff
00:38:53.440 and that would be
00:38:54.460 in many ways easier.
00:38:56.560 But you could make a case
00:38:58.940 that that wouldn't be fair
00:38:59.860 to other countries.
00:39:01.040 This is fair.
00:39:02.380 Remember,
00:39:02.920 whatever they charge,
00:39:04.060 we charge.
00:39:04.860 Whatever they charge us,
00:39:06.140 we charge them.
00:39:07.380 And they charge us nothing,
00:39:09.100 we charge them nothing.
00:39:10.040 And it really works out well.
00:39:12.580 And we'd be very happy
00:39:13.500 to have nothing and nothing.
00:39:15.640 We wouldn't have
00:39:16.100 any tariffs at all.
00:39:17.840 But to me,
00:39:18.560 it's something that
00:39:21.740 I'm very proudly doing.
00:39:24.220 It should have been done
00:39:25.240 many, many years ago.
00:39:27.100 And we're doing it now.
00:39:28.320 We're doing it very late 0.99
00:39:29.260 because we were very foolish, 0.99
00:39:32.940 very foolish, 1.00
00:39:33.260 as a country, 1.00
00:39:33.960 very foolish. 1.00
00:39:35.140 And we're doing it now. 0.99
00:39:48.220 Well, that's a good one.
00:39:49.320 Mr. President,
00:39:51.820 you've won the White House
00:39:52.900 in part because of high
00:39:54.220 inflation.
00:39:55.460 If your tariffs make prices
00:39:57.340 go up...
00:39:57.620 Excuse me,
00:39:58.040 we haven't asked you
00:40:00.080 to speak yet, please.
00:40:05.100 Okay.
00:40:07.040 Go ahead, please.
00:40:08.280 You've won the White House
00:40:09.280 in part...
00:40:09.920 Go ahead, please.
00:40:10.380 Mr. President,
00:40:11.060 you are making time
00:40:11.880 with Mr. Modi of India.
00:40:13.080 Yes.
00:40:13.820 What kind of trade
00:40:15.220 and tariff
00:40:15.720 should you like to have
00:40:17.020 with India?
00:40:17.700 What's the vision
00:40:18.440 of India?
00:40:18.900 Well, yeah.
00:40:19.680 India traditionally
00:40:20.580 is the highest,
00:40:21.380 just about the highest
00:40:22.200 tariffed country. 0.83
00:40:23.440 They charge more tariffs
00:40:24.620 than any other country.
00:40:27.320 And, I mean,
00:40:28.740 we'll be talking about that.
00:40:29.820 But, again,
00:40:30.820 whatever they charge us,
00:40:31.840 we're charging them.
00:40:32.600 So it works out very well.
00:40:33.740 It's very...
00:40:34.540 It's a beautiful,
00:40:36.360 simple system.
00:40:37.500 And we don't have to worry
00:40:38.380 about, gee,
00:40:39.180 we're charging too much
00:40:40.040 or too little.
00:40:41.660 But, traditionally,
00:40:43.080 India is right at the top 1.00
00:40:44.140 of the pack,
00:40:44.700 pretty much.
00:40:45.820 There are a couple
00:40:46.340 of smaller countries
00:40:47.200 that are actually more.
00:40:49.500 But India is a very, 1.00
00:40:50.960 very...
00:40:51.460 They charge tremendous tariffs.
00:40:53.260 I remember when
00:40:53.860 Harley Davidson
00:40:54.600 couldn't sell their motorbikes
00:40:57.100 into India
00:40:57.900 because of the fact
00:40:59.360 that India,
00:41:00.140 the tax was so high,
00:41:01.380 the tariff was so high.
00:41:03.200 And Harley was forced
00:41:04.840 to build,
00:41:05.340 I guess they built,
00:41:06.100 I don't know,
00:41:06.420 that was a while ago,
00:41:07.600 but I think they built
00:41:08.360 a factory in India
00:41:09.680 in order to avoid
00:41:10.560 paying the tariffs.
00:41:11.400 And that's what
00:41:11.920 people can do with us.
00:41:13.400 They can build
00:41:13.900 a factory here,
00:41:14.800 whether a plant
00:41:15.960 or whatever it may be here.
00:41:18.020 And that includes
00:41:18.760 the medical,
00:41:19.480 that includes cars,
00:41:20.660 that includes chips
00:41:21.940 and semiconductors.
00:41:24.180 That includes everything.
00:41:26.100 If you build here,
00:41:27.080 you have no tariffs whatsoever.
00:41:29.100 And I think
00:41:29.560 that's what's going to happen.
00:41:30.440 I think our country
00:41:31.180 is going to be flooded
00:41:31.940 with jobs.
00:41:33.240 Mr. President,
00:41:34.460 what should consumers expect?
00:41:36.960 Are prices going to go up
00:41:38.180 short-term, long-term,
00:41:39.060 medium-term?
00:41:39.960 I mean, not necessarily,
00:41:41.360 but I'll tell you
00:41:42.080 what will go up
00:41:42.760 is jobs.
00:41:43.880 The jobs will go up
00:41:44.920 tremendously.
00:41:45.680 We're going to have
00:41:46.100 great jobs,
00:41:47.480 jobs for everybody.
00:41:49.600 This is something
00:41:50.480 that should have been
00:41:51.100 done many years ago.
00:41:53.100 China did it. 0.93
00:41:53.880 I mean, China did it 0.98
00:41:55.400 at a level that
00:41:56.740 probably nobody's
00:41:57.960 ever seen before.
00:41:59.680 If you manufactured a car,
00:42:02.100 you couldn't send it
00:42:03.000 into China,
00:42:03.620 the tariff was so high,
00:42:04.600 so everybody went
00:42:05.820 and they built in China.
00:42:06.840 It was no big secret.
00:42:08.420 So we're going to see,
00:42:10.320 but it's going to mean
00:42:11.240 tremendous amounts of jobs.
00:42:12.640 And ultimately,
00:42:13.880 prices will stay
00:42:14.860 the same go down,
00:42:16.420 but we're going to have
00:42:16.960 a very dynamic country.
00:42:18.660 But if prices go up,
00:42:19.780 if prices go up,
00:42:20.840 Mr. President,
00:42:21.680 because of these tariffs,
00:42:23.320 who do you think
00:42:23.960 voters should hold
00:42:24.860 responsible?
00:42:25.900 Oh, I think
00:42:26.480 what's going to go up
00:42:27.500 is jobs are going to go up,
00:42:29.340 and prices could go up
00:42:30.840 somewhat short-term,
00:42:31.780 but prices will also go down.
00:42:34.080 And I think the farmers
00:42:35.160 are going to be helped
00:42:35.780 by this very much
00:42:36.580 because product is being
00:42:38.820 dumped into our country, 1.00
00:42:40.220 and our farmers are getting
00:42:41.320 hurt very badly
00:42:42.060 by the last administration.
00:42:44.200 The last administration
00:42:45.480 hated our farmers,
00:42:46.780 like, at a level
00:42:47.500 that I've never seen before.
00:42:49.360 I think our farmers
00:42:50.160 are going to be helped.
00:42:51.340 Jobs are going to be helped,
00:42:52.380 but our farmers
00:42:52.900 are going to be helped.
00:42:53.580 Our manufacturers
00:42:54.380 are going to be helped.
00:42:55.820 And again,
00:42:56.740 if somebody wants to come in,
00:42:58.240 including the car companies,
00:42:59.560 if they want to come in
00:43:00.380 and build car plants,
00:43:02.380 they'll do it without tariffs,
00:43:03.760 and therefore prices
00:43:04.700 won't go up,
00:43:05.820 there could be
00:43:06.320 some short-term disturbance,
00:43:07.820 but long-term,
00:43:09.040 it's going to make
00:43:11.100 our country a fortune.
00:43:12.540 So Americans should prepare
00:43:13.600 for some short-term
00:43:14.500 paying profit?
00:43:14.960 No, you said that.
00:43:15.680 I didn't say that.
00:43:16.560 Well, if the prices go up,
00:43:18.260 and that affects-
00:43:18.680 Well, see what happens.
00:43:19.480 Nobody really knows
00:43:20.400 what's going to happen
00:43:21.620 other than we know
00:43:23.420 that jobs are going
00:43:24.140 to be produced
00:43:24.720 at levels
00:43:25.220 that we haven't seen before.
00:43:26.920 We know that
00:43:27.780 we think interest rates
00:43:29.240 are going to ultimately
00:43:30.000 be coming down
00:43:30.960 because of things
00:43:32.040 that happen,
00:43:32.880 and they go hand-in-hand
00:43:33.860 with the tariffs.
00:43:34.920 But we think that
00:43:36.660 prices for some things,
00:43:39.280 many things,
00:43:39.840 it could be all things,
00:43:40.720 will go down.
00:43:41.540 Ultimately,
00:43:42.160 will go down.
00:43:42.800 Mr. President,
00:43:43.380 can I ask the timeline here, sir?
00:43:44.920 There's a period of time
00:43:45.740 for a review,
00:43:46.640 a report,
00:43:47.220 180 days.
00:43:48.340 Is the earliest date
00:43:49.460 that you think
00:43:50.060 tariffs will actually
00:43:51.040 be implemented?
00:43:52.300 Well, I would say
00:43:53.120 maybe I'll ask Howard
00:43:54.740 to answer that
00:43:55.640 because he's going
00:43:56.300 to be the one
00:43:56.740 that's implementing.
00:43:57.860 What do you think?
00:43:58.840 Our studies
00:43:59.820 should be all complete
00:44:02.000 by April 1st.
00:44:03.360 So we'll hand the president
00:44:05.020 the opportunity
00:44:05.880 to start on April 2nd
00:44:07.700 if you want.
00:44:08.180 So I think we'll be ready
00:44:09.080 to go on April 1st,
00:44:11.020 and we'll hand it
00:44:12.700 to the president,
00:44:13.240 and he'll make his decisions.
00:44:14.660 But remember,
00:44:15.640 if they drop their tariffs,
00:44:18.460 prices for Americans
00:44:20.360 are coming down.
00:44:22.860 Our production's going up,
00:44:24.180 and our costs
00:44:25.080 are going down.
00:44:25.840 Remember,
00:44:26.100 it's a two-way street.
00:44:27.400 That's why it's called
00:44:28.140 reciprocal.
00:44:29.000 Have you spoken
00:44:29.680 to any American CEOs
00:44:30.780 directly about this?
00:44:31.940 Are they calling you
00:44:32.560 for a past
00:44:32.940 for a session,
00:44:33.540 for example?
00:44:34.120 The President,
00:44:34.440 many love it.
00:44:36.200 And they say,
00:44:36.860 this is going to be
00:44:38.480 the thing that makes
00:44:39.260 our country really
00:44:40.120 prosperous again.
00:44:41.760 And this is going to
00:44:42.640 be what pays down
00:44:43.920 to $36 trillion
00:44:44.960 in debt
00:44:45.780 and all the other things.
00:44:46.920 And this is going to be,
00:44:48.740 this is an amazing day.
00:44:50.720 I think this is going
00:44:51.500 to be a very big day
00:44:52.380 and in a very positive way
00:44:54.020 for our country.
00:44:54.740 Yes, please.
00:44:55.120 The Pressure,
00:44:55.660 you've talked about
00:44:56.360 the DHD and the EU before
00:44:57.860 and your concerns
00:44:58.720 with how the EU reaches.
00:44:59.780 Do you have a number
00:45:00.500 in mind on the European Union?
00:45:02.100 Do you have an idea
00:45:02.700 of where that number
00:45:03.420 is going to land?
00:45:04.060 Well, what they are now
00:45:04.940 is they have a 20% VAT tax,
00:45:06.920 which we're considering
00:45:07.980 to be similar
00:45:08.720 or the same as the tariff.
00:45:10.780 Plus, they charge
00:45:11.540 lots of fees.
00:45:12.540 And, you know,
00:45:13.200 they're doing something else.
00:45:14.220 The European Union
00:45:14.900 has been very tough
00:45:15.800 on our companies.
00:45:17.620 They sued Apple.
00:45:18.700 They sued Google.
00:45:19.480 They sued Facebook.
00:45:22.700 They sued many other companies.
00:45:24.740 And they're American companies.
00:45:27.000 And the kind of numbers
00:45:28.600 are staggering.
00:45:30.420 And the court system over there
00:45:31.780 is not very good
00:45:32.440 to our companies.
00:45:33.580 If you know that Apple
00:45:34.800 had to pay, I think,
00:45:35.960 $16 billion in a penalty,
00:45:40.940 a court case.
00:45:42.160 That was really shocking
00:45:44.060 because most people
00:45:44.860 thought they would have won
00:45:45.660 that court case,
00:45:46.500 people that watch it.
00:45:48.460 So they've been very tough.
00:45:49.840 Airlines have called me up
00:45:51.040 and they said,
00:45:51.560 could you help us with Europe
00:45:52.680 because they're charging
00:45:53.560 us so many different fees.
00:45:55.180 I got a call from the head
00:45:56.200 of American United
00:45:57.880 and other airlines saying,
00:45:59.740 every time we land a plane,
00:46:00.960 we get just absolutely killed
00:46:02.920 by the European Union.
00:46:05.540 And so they haven't been
00:46:08.100 treated as good.
00:46:08.820 You know, we think
00:46:09.320 the European Union
00:46:10.060 is wonderful.
00:46:10.880 We all love Europe.
00:46:12.340 Love the countries in Europe.
00:46:13.840 But the European Union
00:46:15.460 has been absolutely brutal
00:46:17.180 on trade.
00:46:18.540 Canada has been very bad 0.98
00:46:19.620 to us on trade,
00:46:20.440 but now Canada is going
00:46:21.400 to have to start paying up.
00:46:23.980 And Canada has been tough
00:46:25.080 on the military
00:46:25.680 because they don't have a very,
00:46:27.060 they have a very low military cost.
00:46:29.120 They think we're going to,
00:46:30.420 you know, protect them
00:46:31.880 with our military,
00:46:32.840 which is unfair.
00:46:33.640 So Canada is going
00:46:34.660 to be a very interesting situation
00:46:37.180 because, you know,
00:46:40.680 we just don't need
00:46:41.420 their product.
00:46:42.120 and yet they survive
00:46:44.200 off the fact
00:46:44.840 that we're, you know,
00:46:45.580 we do 95%
00:46:46.720 of what they do.
00:46:49.040 And Canada is just absolutely,
00:46:50.880 I say it,
00:46:51.440 and sometimes people smile
00:46:52.920 and sometimes they say,
00:46:53.880 great idea,
00:46:54.420 but Canada would,
00:46:56.320 their taxes
00:46:56.900 would come down greatly.
00:46:58.520 Their security
00:46:59.120 would go up greatly.
00:47:00.720 Amazing things happen
00:47:02.140 to Canada.
00:47:03.880 And really,
00:47:04.460 Canada in this particular,
00:47:06.120 why would we pay
00:47:07.680 $200 billion a year
00:47:09.340 in subsidies to Canada
00:47:11.060 when they're not a state?
00:47:13.060 You do that for a state,
00:47:14.140 but you don't do that
00:47:14.880 for somebody else's country.
00:47:17.160 So I think Canada
00:47:18.180 is going to be
00:47:18.940 a very serious contender
00:47:20.560 to be our 51st state.
00:47:23.100 Mr. President,
00:47:23.960 how are the negotiations
00:47:25.080 going with Canada?
00:47:26.280 There was obviously
00:47:27.060 a delay in implementing
00:47:28.640 those tariffs.
00:47:30.500 I spoke to Governor Trudeau
00:47:32.560 on numerous occasions
00:47:34.120 and we'll see what happens,
00:47:35.840 but it just sets up
00:47:37.540 so good for them.
00:47:38.240 Look, the people
00:47:38.920 would pay much less tax
00:47:40.180 than they're paying right now
00:47:41.160 that have perfect
00:47:42.400 military protection.
00:47:43.620 They don't have
00:47:43.980 any military protection
00:47:45.040 because they essentially,
00:47:46.360 because,
00:47:47.320 and you take a look
00:47:49.040 at what's going on out there.
00:47:50.100 You have Russian ships,
00:47:51.120 you have China ships,
00:47:52.160 you have Chinese ships,
00:47:54.080 you have...