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

Misogynist Sentences

6

Hate Speech Sentences

18


Summary

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

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.
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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.
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.
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.
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.
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.
00:05:01.200 They'd be raped.
00:05:02.420 This is the kind of thing that Joe Biden wanted in this America.
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.
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
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,
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.
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,
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
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.
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
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.
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
00:37:30.240 is a killer.
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.
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
00:38:01.580 generous or foolish
00:38:04.420 or stupid
00:38:05.040 or all of the above.
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
00:39:29.260 because we were very foolish,
00:39:32.940 very foolish,
00:39:33.260 as a country,
00:39:33.960 very foolish.
00:39:35.140 And we're doing it now.
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.
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
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,
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.
00:41:53.880 I mean, China did it
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,
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
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...