"Bringing Jobs BACK To America" – Trump’s Tariff Strategy SPARKS Auto Industry BOOM In U.S.
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Summary
Rolls Royce is planning to shift production to the United States to avoid Trump tariffs, according to a report from the Daily Telegraph and the Wall Street Journal. Is this a sign that the tariffs are working? Or is this just more evidence that the trade war is working?
Transcript
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Trump tariff response. Rolls-Royce planning to shift production to U.S. to avoid Trump tariffs report.
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Okay, so let's see what's going on here. Guys, I got three handful of charts I want to show you with this.
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Oh, let me tell you, these charts that Brandon found, I have to show you this, and credit goes to him finding these charts, but they're insane.
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British engineering firm Rolls-Royce is planning to boost U.S. production to dodge President Donald Trump's tariffs per London's Daily Telegraph.
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A source told the paper, if you are making something in countries like China, then you'll be looking at whether you can do it in the U.S. instead.
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The company known for aerospace and defense may shift from China, Canada, Mexico, where it employs around 6,000 workers, and even from the U.K. and Europe if tariffs hit.
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A Rolls-Royce spokesperson said, we have additional capacity with some of our U.S. operations and continuously seek to explore options to ensure that our global internal supply chain is optimized for delivery to customers in the U.S.
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The U.S. is vital for Rolls-Royce, making up a third of its global sales with key clients like U.S. Department of Defense, Boeing, Lockheed Martin.
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Last year it earned, you know, $7 billion in North America versus $3.36 billion in U.K. and $8.4 billion in Europe.
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You've got to realize, most people, when we think about Rolls-Royce, what do we think about?
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The engines they make on planes, they'll say, we have a Rolls-Royce engine on a plane.
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There's a couple other stories, but I'll just turn it over to you.
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Well, first of all, this is a sign that the tariffs are working.
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And Rolls-Royce says, I'll tell you what, I ship a lot of engines to the Department of Defense, and they ship key clients like Boeing and Lockheed.
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Oh, those are engines going to our defense contractors.
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And what's also interesting related to this is if you take a look, there's also a Wall Street Journal report.
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Now, this was Breitbart, and then there was an FT story.
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And no one wants to say the simple headline, tariffs are working.
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The biggest auto losers in Trump's trade war so far, luxury brands.
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And they go on to say that the BMW 3 Series, blah, blah, blah, blah, blah.
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And they put all these stats out of poor BMW, poor BMW.
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They're in Tuscaloosa, Alabama, where they invested in the U.S. years ago.
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And they build the GLE, the GLS, GLE, and all of their electric vehicles, the EQS and EQE.
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It's their number one factory in the world outside of the core factory they have in Germany.
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And 60% of what they make in Tuscaloosa, Alabama is exported around the world with 16,000 American jobs.
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And somebody like Mercedes is like, well, I've been here forever.
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This really doesn't bother me because I've been employing American workers, and I'm exporting Mercedes around the world.
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And so what Rolls-Royce is doing is great, and that's the proper response to say, look, our customers are over in the U.S.
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And look at the jobs that are coming, and look at how the products are reacting.
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If that BMW 3 Series is $10,000 more expensive, guess what?
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And just because you mentioned Boeing, obviously, you guys, you have your thoughts.
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Trump just awarded Boeing, because you talked about it, to develop U.S. Air Force's next generation fighter jet, the F-47, which will replace the F-22 Raptor.
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Okay, so let me show you something here, which is something for everybody to think about when it comes down to this.
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Rob, I'm going to text this to you, if you can please pull up this file.
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Don't show the bottom one, just show the top one.
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This is manufacturing, global manufacturing 2000.
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China gets welcomed to join the World Trade Organization.
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Can you go back up and see where we were and they were?
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I think they were at 11% if you go a little bit higher.
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Look at 2001 when we joined the World Trade Organization.
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What happens to manufacturing jobs in Michigan?
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Look where it was at in the thousands on the left.
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Less than 20,000 just seven years later when you see that 2008, 2009.
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Look at the immediate drop off of what they have and where they're at today.
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Clinton started this initiative early on, and then it took him 10 or 15 years to finally
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Do you know what happened when that took place?
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When we allowed China to join the World Trade Organization.
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So allowing China to join the World Trade Organization, who did it help?
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It also helped us because we get way cheaper goods.
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It allowed the rich to say, why am I hiring people in America?
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And do you know for the first time in the last two years, a minimum wage for low wage
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employees is now lower in Mexico than it was in China by 50 cents.
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So that's why China is building their car manufacturing in Mexico called the Hafusan, right?
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But if you look at China, they're paying 50 cents per labor.
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These tariffs are now forcing people to bring those jobs back to America.
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We made China a behemoth, allowing them to join the World Trade Organization, knowing
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companies were hiring slave labor for 50, 70 cents an hour, while those jobs are 10,
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So for the people that are bitching and whining about tariffs, be patient.
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Well, what was the average median income in 2001?
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Go to 2021 and type in who was the richest man in 2021?
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So the wealth 7X'd, but the median income only went up 80%.
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So this whole conversation with terrorists, when people start panicking and trying to
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use fear porn and all this other stuff, and then you bring it down and you realize
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what he's doing is causing companies to say, I'm going to bring those jobs to America like
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this UAE saying, $1.4 trillion investment in the States, like, you know, you're hearing
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Saudi, $600 billion, like Hyundai, like Rolls Royce, like all these guys saying, we're going
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They're helping Americans and every American should be happy about it.
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But unfortunately, they want to see a failed administration and it's just working.
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No wonder why, I mean, like when you break it down like this, like this much detail,
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no wonder why China hates and hated Trump so much that in 2020, I believe that they unleashed
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COVID because they wanted to keep that guy out of the office because he's doing exactly
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what the hell you're talking about right now, putting America first.
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That's like, like, it's not, and they're so powerful besides building, buying up all the
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land near our military bases and flying balloons everywhere.
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You still can't say definitively China released COVID.
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When it comes to that, when it comes to this serious amount of money and power, now it makes
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complete, complete sense, Tom, don't you think?
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You know, it's really interesting to me on all this.
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I'm not ready to go there and say that China intentionally released the virus and it wasn't just like a
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I'm not quite there that it was intentional trying to unseat Trump.
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Hyundai, and you saw it yesterday, announced as part of this, he said, we had a conversation
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And we wanted to bring a steel plant to Louisiana and then use the steel there to make cars and
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put some Hyundai auto auto factories here in 2019.
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Chairman Yison Chung has come back to President Trump.
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There was a deal on the table from Hyundai that says, I'll make jobs for you and I'll put a steel
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factory there and I'll use the steel to make my cars.
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They reported on the Hyundai deal, the $20 billion investment into the United States.
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South Korean auto giant Hyundai will announce a $20 billion investment in the United States when its
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Sources say that that pledge includes $5 billion set for a steel plant in Louisiana with plans
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to hire 1,500 employees and produce next generation steel for Hyundai and Kia cars.
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That move comes after similar investment commitments from SoftBank and chipmaker Taiwan Semiconductor earlier this year.
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Did you hear what Ronald Reagan said about tariffs years ago?
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Have you seen the Ronald Reagan clip on tariffs?
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Rob, if you can find this, there's a clip of Ronald Reagan on tariffs.
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Humberto, guys in the back, if you know, I just watched his video yesterday.
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If the jobs are being forced to come back to the States, their jobs are being forced to come back to the States.
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And America helped China become a behemoth after the deal.
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And those jobs were taken from many states that a lot of people relied on and that destroyed a lot of people's lives.
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Made the rich richer, but it hurt a lot of people's lives.
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I think Trump is doing what he should be doing.
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I also am adamant that I think he needs to do a better job marketing what he's doing.
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You know, with the one word we hear coming out of, you know, Wall Street and the big banks is clarity.
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Come up with a slogan to summarize why you're doing this.
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Because, you know, there's a term called inside baseball.
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Pat, you know, you might have, you know, been familiar with a thing or two since you're part of the Yankees.
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Inside baseball is like, dude, you're being a little too technical.
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So some people need sort of a bigger, grandiose, sort of easier to digest, simple, effective slogan.
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So, like, here's a couple suggestions for Trump to maybe roll out what you're doing with tariffs.
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But Trump needs to do a better job marketing and have a better slogan.
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I don't know if you're getting a job anytime soon.
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I don't think Trump is going to be the marketing guy.
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But there have been, you know, you read the headlines on Wall Street and you get one story.
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But below the headlines, you find out, guess what?
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The markets are nervous during the reaction phase.
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The markets are nervous and they're bouncing around because they're on sentiment.
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Oh, is tomorrow going to rain or not going to rain?
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And so the markets bounce up and down because what's happening on the markets?
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Traders, speculators, and they're all trying to make a buck.
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And they think what they so when they hear comments that they don't know how to process,
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they push markets into motion by making big trades, puts.
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But you just hang tight because thing good things are happening.
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And every day you can take a look at the people that are reacting to the tariffs and they're doing the things that exactly what is good long term.
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I get a lot of questions about people telling me, Pat, you know, I'm at a point in my life where, you know,
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I just can't find myself to get to the next level.
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But I'm just having a hard time getting out of bed.
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I'm having a hard time identifying what I need to do next.
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And I tell them, every single one of them, I said, get off this Manect.
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When I wrote this book, I wrote it because over the years I've done a lot of business plans for a lot of different people.
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Six of them are emotional blocks and six of them are logical blocks.
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Most people do business plan with only one or the other.
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If you've not yet read it, this is the National Reading Month.
00:17:58.080
And if you order it now, I believe the first hundred are getting these Choose Your Enemy Wisely custom mug that will be sent to you as well.
00:18:06.260
On top of the free bookmarks of Choose Your Enemies Wisely that will come your way as well.
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