Valuetainment

00:00:00.000 China retaliates with 34% tariff on U.S. imports.

00:00:02.700 So this kind of goes in with what we just saw here.

00:00:05.860 So the 34% imports, that's what caused the market to tank, right?

00:00:10.260 And while that is taking place, Trump comes back.

00:00:14.760 Rob, is that story today?

00:00:15.840 So Vietnam is ready to remove U.S. import tariffs as it seeks delay to Trump's 46% levy.

00:00:21.420 So Vietnam comes out and says, we're ready to negotiate.

00:00:23.860 What do you guys want to do, right?

00:00:25.280 That's that story.

00:00:26.260 And then Trump comes out and says – Rob, do you have the story of him putting the – going even stronger on –

00:00:36.100 Yes, that's addendum page six.

00:00:38.660 China says it will fight to the end.

00:00:39.640 Right, there you go.

00:00:40.740 China says it will fight to the end after Trump threatens 50% additional tariffs.

00:00:46.080 This is from yesterday, okay?

00:00:48.100 So yesterday, they're not – they're saying we're not going to back down and we're going to be negotiating with it until the very end.

00:00:55.060 Okay, cool.

00:00:56.860 China's commerce ministry vowed to fight to the end after Trump threatened an additional 50% tariff on U.S. imports from China set for Wednesday unless Beijing withdraws the 34% tariffs.

00:01:05.800 From last Friday, the ministry said the U.S. threat to escalate tariffs on China is a mistake on top of a mistake and China will never accept it.

00:01:12.980 Following Trump's 34% levy on top of 20% duties since February, pushing U.S. tariffs on China to 65% per Morgan Stanley,

00:01:20.160 the People's Bank of China set the yuan's midpoint rate at 7.2 per dollar Tuesday, the weakest since September 2023, signaling strain with Robin Brooks telling CNBC,

00:01:31.720 this is Beijing politely saying this is getting a little too much.

00:01:35.060 We are putting you on notice.

00:01:36.760 China's 34% retaliatory tariffs after Trump's moves, noting since China already faces more than 60% in tariff rate,

00:01:45.180 it doesn't really matter if it goes up 50% or 500%, hinting at the readiness for a full trade war, saying 500%.

00:01:52.820 Is this him responding to it, Rob?

00:01:54.460 This is Donald Trump yesterday with Bibi Netanyahu from the White House.

00:01:58.920 Okay, and they're talking about tariffs?

00:02:00.220 Yes, the 50% tariff.

00:02:01.440 As you know, against my statement, they put a 34% tariff on above what their ridiculous tariffs were already.

00:02:11.340 And I said, if that tariff isn't removed by tomorrow at 12 o'clock, we're putting a 50% tariff on above the tariffs that we put on.

00:02:20.920 So they've gone for years.

00:02:22.300 They've become a rich country because of people, again, that were in the White House that allowed this to happen.

00:02:27.320 And hundreds of billions of dollars a year they'd make on us on trade, and it shouldn't be that way.

00:02:34.080 And we have a great relationship.

00:02:36.040 Rob, can you do me a favor?

00:02:36.800 Rob, can you do me a favor?

00:02:37.960 Go find a clip.

00:02:39.820 And this is the part where a lot of this stuff is kind of coming together.

00:02:43.900 You have the clip from Pelosi on China with tariffs.

00:02:47.180 This is in 1996.

00:02:48.700 Folks, if you've never seen this, you have to see this.

00:02:51.860 Because Pelosi is talking about tariffs on how China—this is it, Rob.

00:02:58.520 Watch this.

00:02:59.080 No, but it's five minutes and 42 seconds.

00:03:00.500 I'll find a shorter one.

00:03:01.460 There's a shorter one, Rob.

00:03:03.280 How long is that one?

00:03:04.220 That's the same thing.

00:03:05.020 Is it the same thing?

00:03:05.740 Well, let's see how quickly she gets into it. 1.00

00:03:08.260 Let's see how quickly—oh, I found one that is.

00:03:10.680 Let me see if this is the one.

00:03:12.880 She's at the chart.

00:03:14.500 Do you have the chart?

00:03:15.300 I think if you click like a minute into it, it shows her at the chart.

00:03:18.180 How far does China—

00:03:21.580 Go back a little bit.

00:03:23.460 Perfect.

00:03:23.740 Go for it.

00:03:24.620 Watch this, folks.

00:03:25.740 On the status quo that the business community is asking each and every one of you, each and every one of us, to endorse today.

00:03:34.160 Right now, we have a $34 billion trade deficit with China, the 1999-95 figure.

00:03:40.800 It will be over $40 billion for 1996.

00:03:44.580 Since the Tiananmen Square massacre, this figure has increased 1,000 percent, from $3.5 billion then to about $34 billion now.

00:03:55.460 In terms of tariffs, I think it's interesting to note that the average U.S. MFN tariff on Chinese goods coming into the United States is 2 percent,

00:04:04.480 whereas the average Chinese MFN tariff on U.S. goods going into China is 35 percent.

00:04:11.300 Is that reciprocal on exports?

00:04:14.940 China only allows certain industries into China, of U.S. industries into China, and therefore only 2 percent of U.S. exports are allowed into China.

00:04:24.820 On the other hand, the U.S. allows China to flood our markets with a third of their exports, and that will probably go over 40 percent.

00:04:33.420 And it's limitless because we have not placed any restriction.

00:04:37.640 In terms of jobs, this is the biggest and cruelest hoax of all.

00:04:42.700 Not only do we not have market access, not only do they have prohibitive tariffs, not only are our exports not let in very specifically,

00:04:50.900 but China benefits with at least 10 million jobs from U.S.-China trade.

00:04:58.760 We gave them those jobs.

00:04:59.420 The president, in his statement, requesting this special waiver, said that China trade supports 170,000 jobs in the United States.

00:05:10.160 It's 170,000 jobs, whereas our imports from China support 10 million jobs at least.

00:05:18.860 Fact is that U.S.-China trade is a job loser.

00:05:23.160 And one of the reasons that it is is because in order—well, first, let me just make another point,

00:05:28.240 and that is that our colleagues on the other side of this issue will say the trade with China exports to China have increased three times in the last 10 years.

00:05:36.320 They have, but they fail to mention that exports—imports from China have increased 11 times, thereby leading to this huge trade deficit.

00:05:47.000 The other issue, in addition, if intellectual—

00:05:50.020 So, and then she gets into intellectual and a bunch of different things.

00:05:53.540 This is Democrat Nancy Pelosi, 96, talking about what's going on with China.

00:06:00.900 And if you go back and listen to what Trump said on Oprah Winfrey in 1988 when he talked about tariffs, that's exactly what he's been talking about.

00:06:10.800 Trump's been talking about this with Oprah Winfrey since 1988.

00:06:14.300 This is—is this a clip on tariffs?

00:06:15.780 Yes.

00:06:16.160 Go for it, Rob.

00:06:16.780 Watch this, folks.

00:06:18.100 Foreign policy.

00:06:18.940 What would you do differently, Don?

00:06:20.200 Watch this.

00:06:20.620 I'd make our allies—forgetting about the enemies, the enemies you can't talk to so easily.

00:06:24.480 I'd make our allies pay their fair share.

00:06:26.840 We're a debtor nation.

00:06:27.760 Something's going to happen over the next number of years with this country, because you can't keep going on losing $200 billion, and yet we let Japan come in and dump everything right into our markets and everything. 1.00

00:06:37.280 It's not free trade.

00:06:38.600 If you ever go to Japan right now and try to sell something, forget about it, Oprah.

00:06:42.020 Just forget about it.

00:06:42.900 It's almost impossible.

00:06:44.060 They don't have laws against it.

00:06:45.160 They just make it impossible.

00:06:46.680 They come over here.

00:06:47.480 They sell their cars, their VCRs.

00:06:49.260 They knock the hell out of our companies.

00:06:51.020 And, hey, I have tremendous respect for the Japanese people.

00:06:53.700 I mean, you can respect somebody that's beating the hell out of you, but they are beating the hell out of this country.

00:06:58.540 Kuwait, they live like kings.

00:06:59.840 The poorest person in Kuwait, they live like kings. 1.00

00:07:02.380 And yet they're not paying.

00:07:03.400 We make it possible for them to sell their oil.

00:07:05.940 Why aren't they paying us 25 percent of what they're making?

00:07:08.560 It's a joke.

00:07:09.400 This sounds like political presidential talk.

00:07:12.600 So the people that say Trump is, you know, he's just—he's doing this, he's doing that.

00:07:17.580 He's been on this position with tariffs since 1988.

00:07:20.320 Tom, your thoughts here with what's going on with China, the tariffs, as well as the clip we play with Nancy Pelosi.

00:07:25.460 Wow, there's a whole bunch of stuff.

00:07:26.780 First of all, I'll take the easy one.

00:07:27.920 The easy one is Nancy Pelosi.

00:07:29.240 This is Nancy Pelosi in what I call PG mode, which I stand for as pre-globalist.

00:07:37.080 As she moved to globalism, all of those positions you just say shifted away.

00:07:42.500 This isn't Nancy in history. 0.97

00:07:44.280 This is a different Nancy.

00:07:45.460 This was Nancy truly looking out for the American worker, and a lot of union dollars were in that gold necklace there.

00:07:53.820 A lot of union support was in her campaigns there.

00:07:57.040 And when you move to a globalist agenda, you realize the truth, that they subtly moved away from supporting America's unions, and they took money from other things.

00:08:06.720 So Nancy's easy. 0.97

00:08:08.120 She moved to a globalist agenda.

00:08:09.940 That sounds like Trump because it does sound like Trump.

00:08:13.400 Now then, we go to China today.

00:08:14.640 I find it very interesting that Vietnam, Taiwan, and Cambodia, the little tigers that were all wanting to help during COVID.

00:08:22.520 I don't know if you remember, but they all spoke up and says, we'll help you with supply chains.

00:08:26.760 We'll see what we could do.

00:08:27.840 You know why?

00:08:28.460 They wanted market share of that manufacturing.

00:08:31.820 They're not saluting China, especially Taiwan.

00:08:35.600 It's like, hey, we'll help you out.

00:08:37.580 We'll manufacture.

00:08:38.480 So Vietnam, Taiwan, and Cambodia, and last night, Scott Besson told Fox News it wasn't 50 countries.

00:08:45.060 It was 70 countries that were ready to discuss.

00:08:47.620 And that China had, excuse me, Japan had raised its hand early.

00:08:51.260 And so it was going to be one of the first to the table.

00:08:53.920 And because you raised your hand first, you came to the first.

00:08:56.360 Guess what?

00:08:56.800 You get to meet the teacher first.

00:08:59.180 So I think there's a lot of international market share of manufacturing that's responding here.

00:09:05.680 Now, the market likes that.

00:09:07.060 Today, the market's up 3%.

00:09:08.640 Everything's up 3% across the board.

00:09:10.600 And before the market even opened today, the VIX was from 49 down to 41.

00:09:16.560 And right now, I think, somebody help me, I think the VIX is 38, meaning that the volatility

00:09:22.080 as measured by the inside of the market of the intensity, there it is, 38, the intensity

00:09:28.340 of the market trading and change has dropped 10 points overnight.

00:09:34.880 Why?

00:09:35.320 Because the market loves what it heard from Vietnam, Taiwan, Cambodia, and the number 70 0.84

00:09:40.620 and the word Japan from Scott.

00:09:42.600 Now then, that does not yet help the American worker.

00:09:47.800 What will help the American worker is when the jobs come here. 0.97

00:09:51.600 And it's a multifaceted issue that Trump is fighting.

00:09:55.140 But the market likes it when we get back to some people cooperating.

00:09:59.340 And by the way, you know who Ursula von der Leyen is?

00:10:03.140 Because she's the president of the EU Commission.

00:10:06.520 And she goes out and makes speeches when Macron and people don't want to make, because remember,

00:10:12.860 they face the wrath of the media and the populace.

00:10:16.660 So Macron comes out, makes a statement supporting Trump on tariffs.

00:10:19.860 Look out.

00:10:20.320 He's going to get slaughtered in the press and the people are going to be pissed.

00:10:23.280 But Ursula von der Leyen, president EU Commission, can say to China this morning, she said it

00:10:29.180 two and a half hours ago, I saw it, we had a phone call with China.

00:10:33.640 And I spoke to the premier and I cautioned them strongly on responding irrationally and too roughly

00:10:41.600 to what President Trump is doing.

00:10:43.760 So that is a very large trading market with China, calling them on the phone through their president

00:10:50.240 of the EU Commission to say, hey, man, easy does it, easy does it, to just translate that.

00:10:56.340 So that's what I think is going on right now.

00:10:58.520 China's got to come to the bargaining table, but there's multiple facets here that encourage 0.93

00:11:03.860 me a lot.

00:11:05.360 Brandon.

00:11:06.520 Yeah.

00:11:06.920 So, you know, this makes me think of, you told me about the guy Morton Downey Jr.

00:11:10.380 the other day, how it was the fastest rise and fall ever of a person on TV.

00:11:13.640 I think that's what China's going to be. 0.98

00:11:14.880 If you look at China's GDP, I think it's going to be the fastest rise and fall of a country

00:11:18.440 that we've ever seen before because their GDP explicitly rose because of what we gave them.

00:11:23.800 We gave them like the sweetest, best setup ever to pump money into China, you know, with 0.74

00:11:28.260 no conditions, just, hey, here, do our slave labor. 1.00

00:11:31.080 We're getting off the gold standard, so we want cheap labor so that inflation isn't super

00:11:34.500 noticeable.

00:11:35.500 But I think this...

00:11:36.500 And a fully manipulated currency.

00:11:37.960 Exactly.

00:11:38.420 Yes, exactly.

00:11:39.200 And they've stolen our technology.

00:11:40.860 And I think that this is the hilt they're willing to die on.

00:11:43.100 So that is the one thing that makes me nervous.

00:11:44.400 I think they're a paper tiger in a lot of regards, but I think they will take drastic measures

00:11:47.480 to stop us from being successful with this because this will decimate them if we fall

00:11:52.160 through with it.

00:11:53.360 Brandon, I'm dead serious.

00:11:55.060 And you could see, I know you weren't looking, but exactly what you were saying was what hit

00:11:58.200 me last night about China.

00:11:59.920 First of all, they are adversary, correct?

00:12:02.720 Well, I think personally, adversary to me, it's an opponent in a contest, conflict, or dispute.

00:12:08.140 I think it's deeper than that.

00:12:09.160 I think they are our enemy because if you think about it, we're at war with them.

00:12:12.640 We're at war.

00:12:13.100 It's not boots on the ground.

00:12:14.100 It's not bullets being shot.

00:12:15.540 But everything that they've done from trade, from TikTok and poisoning our youth's brains 0.96

00:12:19.800 and buying military land near our military bases, Trump has to be careful.

00:12:24.760 This is what worries me.

00:12:25.480 He's threatening them to do something within 24 hours.

00:12:28.480 And then their Ministry of Commerce says, we will fight to the end, OK?

00:12:32.760 I think we need to listen because what scares me is they'll do whatever they have to do

00:12:36.660 to protect their power and their control, OK?

00:12:38.660 They are a communist regime. 0.97

00:12:40.100 And it's funny how Nancy Pelosi is over there talking crap, but when COVID hit, what was 0.99

00:12:45.120 she doing? 0.99

00:12:45.520 No, no, in Chinatown.

00:12:46.620 Come, come over here. 0.95

00:12:47.760 So we know who's really, who's really, really in control, OK?

00:12:51.060 And then I definitely did this.

00:12:52.760 The last time Trump was doing this and having this attitude was in 2018, trying to stop their

00:12:57.720 cheating, their theft manipulation.

00:13:00.080 What happened?

00:13:01.040 A virus randomly leaked out of a lab that we kind of control and run.

00:13:06.380 And nobody said, meaning they still, to this day, are playing the whole game of, it could

00:13:11.280 have been a lab leak.

00:13:12.720 I think we have to be, he has to be very careful with them because I don't trust them one bit.

00:13:17.600 They've shown that they're capable of going that length to shut everything down if they

00:13:21.380 have to.

00:13:22.120 And I think we're playing games with a regime that's willing to do anything, Pat, anything

00:13:28.020 to stop us.

00:13:29.120 This is going to get ugly and it's going to get really ugly soon.

00:13:31.100 So, I mean, Rob, if you can play this clip, this is Scott Besson, which, by the way, what

00:13:36.040 a very, I mean, I really like the way he speaks, the way he interviews, the things he says.

00:13:41.560 He's actually a very good teacher because he can explain something in 30 seconds.

00:13:45.020 That takes somebody else five minutes to explain.

00:13:47.040 So the average person can also receive it.

00:13:49.980 Can you play this clip on the number of people that have been calling, countries, that are

00:13:54.040 wanting to negotiate with us with the tariffs?

00:13:55.760 Go for it.

00:13:56.180 Larry, I can tell you that there are 50, 60, maybe almost 70 countries now who have approached

00:14:03.620 us.

00:14:04.180 So it's going to be a busy April, May, maybe into June.

00:14:09.140 And Japan is a very important military ally.

00:14:12.520 They're a very important economic ally.

00:14:15.300 And the U.S. has a lot of history with them.

00:14:18.460 So I would expect that Japan's going to get priority just because they came forward very 1.00

00:14:25.960 quickly.

00:14:26.640 But it's going to be very busy.

00:14:29.740 And if President Trump, again, gave himself maximum negotiating leverage, and just when

00:14:35.980 he achieved the maximum leverage, he's willing to start talking.

00:14:39.900 Adam.

00:14:40.780 Love that.

00:14:41.840 Well, all these countries are coming to do what?

00:14:44.540 They were trying to do one thing.

00:14:45.820 Cut a deal.

00:14:46.960 Trump should probably make it, whoever gets in the top 10 to negotiate will get a better

00:14:51.040 deal.

00:14:51.400 It's the art of the deal.

00:14:52.620 So this is what it reminds me of.

00:14:55.160 So we were talking about China.

00:14:57.740 The number one goal of Trump is to deal with China.

00:15:00.360 It's not to deal with Bangladesh. 1.00

00:15:01.600 It's not to deal with Vietnam, Canada, Mexico.

00:15:04.340 It's all about China. 0.98

00:15:05.880 So there's, you know, I said you've done, you did a great breakdown when you shaved your 0.75

00:15:09.660 head years ago.

00:15:11.020 You're talking about there's different levels to this.

00:15:13.720 There's different levels to this negotiation.

00:15:16.300 So China is the end boss, right? 0.98

00:15:20.980 So whether they're a paper tiger or a powerful dragon remains to be seen.

00:15:24.680 But it's like, you ever play Mike Tyson's punch out back in the day?

00:15:28.920 What a game, right?

00:15:29.660 Yeah.

00:15:29.860 And Mike Tyson was the final boss.

00:15:33.160 So the guy who played in the game was what?

00:15:34.960 Lil Mac?

00:15:35.600 Glass Joe.

00:15:36.560 Well, exactly.

00:15:37.500 So USA is like Big Mac.

00:15:39.420 It's not like we're some wussy.

00:15:40.520 We're the number one country.

00:15:41.680 So we're Big Mac and we're going through the ranks.

00:15:44.540 The first guy is Glass Joe.

00:15:46.540 Boom.

00:15:46.820 Knock him out.

00:15:47.800 Some, you know, fruity French guy. 0.98

00:15:49.140 Done.

00:15:49.740 Then you got Don Flamenco.

00:15:51.460 He's doing his little dance.

00:15:52.660 He's got his rose in his mouth.

00:15:53.780 Boom.

00:15:54.120 Knock him out.

00:15:55.060 Vietnam, Spain, India. 0.94

00:15:57.300 Boom. 0.78

00:15:57.680 We're knocking these people out.

00:15:58.920 King Hippo shows up.

00:15:59.900 Here we go right here. 0.99

00:16:00.860 He's a fat guy. 0.99

00:16:01.960 Sumo wrestler. 0.99

00:16:03.120 Boom.

00:16:03.460 Knock him out. 0.99

00:16:04.620 Soda Popinski, the drunk Russian guy. 0.99

00:16:06.420 Maybe I played the game this week and who knows.

00:16:08.240 All of a sudden we're beating all these guys.

00:16:09.780 Boom, boom, boom, boom, boom, boom.

00:16:11.140 Then there's the final boss.

00:16:13.020 Mike Tyson.

00:16:14.140 That's China. 0.88

00:16:15.140 So Trump's plan is to knock all these guys out.

00:16:17.680 Bing.

00:16:18.260 Ding.

00:16:18.840 Bing.

00:16:19.420 Bing.

00:16:19.940 Our allies.

00:16:20.960 Okay.

00:16:21.300 UK, we cut a deal.

00:16:22.360 Israel, we cut a deal.

00:16:23.520 Japan, South Korea cut a deal.

00:16:25.200 Then we deal with India. 0.89

00:16:26.100 We deal with these levels and levels and levels.

00:16:27.860 And then we knock out China in the end. 0.99

00:16:30.060 But what are they willing, what extent are they willing to go?

00:16:33.940 Because guess what?

00:16:34.940 Trump is going to be for us.

00:16:36.720 Are you not worried at all?

00:16:38.300 Because, I mean, if you think about it, though, there's a reason.

00:16:41.520 I mean, they're in control.

00:16:42.440 There's a reason Gavin Newsom cleans up the city of San Francisco when they show up.

00:16:46.140 There's a reason John Cena apologizes in Mandarin when he messes up.

00:16:50.140 There's a reason LeBron, everybody bows down to them.

00:16:53.160 And it's like, how far are we going to push them?

00:16:54.500 And why do you think they bow down to them?

00:16:55.740 Because they own them.

00:16:57.100 They own all these guys.

00:16:58.020 All the money.

00:16:58.620 So it's the money.

00:16:59.500 Well, obviously the money.

00:17:00.560 It's the money, Lebowski. 0.60

00:17:02.000 And this is.

00:17:02.540 So what we're trying to do.

00:17:03.820 Of course.

00:17:04.180 Yeah, but.

00:17:04.660 Is figure out the money.

00:17:06.100 But when you back up on Mike Tyson in a corner, Mike Tyson, he's going to punch you in your 0.98

00:17:10.540 face. 0.97

00:17:11.400 These China.

00:17:12.060 I don't know what Mike Tyson's going to do.

00:17:13.200 He's going to bite your ear.

00:17:14.340 Thank you. 0.64

00:17:14.680 That's the analogy.

00:17:16.000 Thank you. 0.61

00:17:16.360 And Trump got shot in the ear.

00:17:17.720 So there's an analogy there. 0.96

00:17:18.980 So no, he's going to bite you in the ear.

00:17:20.200 No, but to me, you took the words out of my mouth.

00:17:22.980 Everything they're saying right now, 50 people have called, 60 people, 70.

00:17:26.740 But there's one person that hasn't called.

00:17:29.380 China.

00:17:30.360 That's the only one that hasn't called.

00:17:31.220 Exactly.

00:17:32.060 China hasn't called.

00:17:32.680 So until China calls, they're the guy, right? 0.96

00:17:37.640 Everybody else can say whatever they want to say.

00:17:39.780 They're the guy.

00:17:40.600 They're the ones you're going to want to negotiate with.

00:17:42.500 Of course.

00:17:43.080 And it's going to be, who can take the pain the longest?

00:17:46.840 How nasty could it be?

00:17:48.720 What other pains can you use against them?

00:17:51.160 What other ways can you frustrate them?

00:17:53.100 So imagine if all of a sudden you really want to irritate them.

00:17:56.900 Imagine Trump takes a trip to Taiwan.

00:17:59.320 Okay.

00:18:00.320 No, no.

00:18:00.880 I'm being serious with you.

00:18:01.620 Imagine news comes out.

00:18:03.480 Hey, President Trump lands in Taiwan.

00:18:06.200 Yeah.

00:18:06.400 You don't want to do a deal?

00:18:07.440 No problem.

00:18:08.700 We're down the street from you.

00:18:10.120 And takes a picture looking at China over the water.

00:18:13.900 Oh, man.

00:18:14.320 You know what I'm talking about.

00:18:15.480 Takes a picture right there and posts it.

00:18:18.260 I think Trump's willing to go as far as possible to make this work.

00:18:24.060 And I think China knows if they do a deal.

00:18:27.620 Let's actually go and process this.

00:18:29.420 If China does do a deal with U.S., what could happen to them?

00:18:33.640 Think about that.

00:18:35.220 They need the money.

00:18:37.160 What's going to happen if China does a deal with U.S.?

00:18:40.120 Say, if China says, okay, let's just say right now they're sitting there saying, all right, let's do reciprocal zero, zero.

00:18:44.360 Yeah.

00:18:45.680 Well, if they do a deal with the U.S.

00:18:47.020 They're going to come way back down to earth.

00:18:48.140 They're going to come way back down to earth.

00:18:49.480 Well, forget about down to earth.

00:18:51.220 Their vision and the dreams of becoming a reality is going to be what?

00:18:55.320 Yeah.

00:18:55.740 No, it's not going to happen.

00:18:56.780 They're not going to be a superpower.

00:18:57.680 So you know what's one of my biggest concerns?

00:18:59.720 What's one of my biggest concerns that didn't happen that would have given us additional leverage?

00:19:03.600 Is that Panama Canal, the two ports didn't get done.

00:19:06.520 Yeah.

00:19:07.240 And there was a stop there.

00:19:09.000 So it's not done, but it's not completed yet.

00:19:13.020 Right?

00:19:13.320 C.K.

00:19:13.620 Hutchinson still owns those 43 ports.

00:19:16.200 What's the latest?

00:19:16.900 I think that's something he'd use military force for, though.

00:19:19.360 Panama casts doubt on Black Rock Canal ports deal touted by Trump.

00:19:24.540 Top auditor to C.K.

00:19:25.460 Hutchinson owes $300 million in unpaid fees linked to two Panama Canal ports.

00:19:29.260 Go a little bit lower, Rob.

00:19:30.240 So this is just this morning.

00:19:31.840 Panama's top auditor says Hong Kong security owes hundreds of millions of dollars unpaid fees

00:19:35.220 and failed to it necessary.

00:19:36.660 Two ports, Panama Canal blows up plans.

00:19:39.020 U.S. asset manager to buy the ports at 22.

00:19:41.980 Black Rock's acquisition to the ports situated at the end.

00:19:45.000 But is it done yet?

00:19:46.660 Is it completed yet?

00:19:47.960 It was supposed to be signed, but it doesn't sound like it was.

00:19:51.260 It doesn't sound like it's completed.

00:19:53.080 The reason why, and actually April 10th, Black Rock for signing the definitive documents for the deal passed with no announcement.

00:19:59.580 But comments made late Monday by Panamanian Comptroller, this is yesterday, General Anel Flores introduced the most serious hurdle yet to Black Rock, taking control of the two ports.

00:20:09.280 Flores said he was presenting the findings of an audit that began after the deal between Hutchinson and Black Rock Consortium was announced.

00:20:16.400 Go a little bit lower, Rob.

00:20:17.260 Let's see.

00:20:18.100 Flores said Panama Ports operates the ports and didn't get the necessary clear clear clearances when it extended the 25-year contract.

00:20:25.420 Like, yeah, to me, all I'm thinking right now is the amount of leverage Trump and the U.S. has to go to China and say, if you don't do this, we're going to do this.

00:20:36.980 Like, you remember when China, what was the first company that Trump said, nope, you can't do business here in the States?

00:20:42.940 Do you remember the big one?

00:20:43.940 The $100 billion auto company?

00:20:45.160 It was in Tencent.

00:20:45.620 No, it was the daughter that would, no, the daughter was in China, was a CFO of the company doing a deal with Iran, and Trump said, you guys are all out of here.

00:20:53.820 Oh, Huawei.

00:20:54.260 That phone was blown up in the U.S.

00:20:55.900 Oh, Huawei.

00:20:56.420 Huawei.

00:20:57.340 That phone was coming up, and it was something that was, and with overnight, they lost $50 billion of valuation.

00:21:02.580 I think that was a number because of the daughter.

00:21:05.060 So Trump has the ability to do some things here, but this would have been a very, very big piece to the negotiation, Tom.

00:21:13.240 I don't think things are over yet.

00:21:14.560 Yeah, and I think that China is being, what people don't realize, they are fighting a four-sided war.

00:21:21.860 Now, the big giant side is these tariffs.

00:21:25.720 They're also interfering with the TikTok deal, and they're saying, oh, it's because of tariffs.

00:21:31.420 No, it's not.

00:21:32.140 You want that data, and you want that path to power.

00:21:35.820 And look, you see what's going on there?

00:21:38.280 Panama's auditor are saying that C.K. Hutchinson owes money, and there's an audit.

00:21:45.140 So guess what?

00:21:46.460 U.S. pressure on Panama?

00:21:48.360 Declare them in default and take the ports.

00:21:51.900 You watch.

00:21:52.900 There's an angle there, administratively, that China would flip out.

00:21:57.820 But now they're trying to protect the port deal.

00:21:59.760 They are trying to manipulate C.K. Hutchinson on the port deal because that's a path to power.

00:22:05.520 So that's the second.

00:22:06.520 And the third one is any deal they make, you have to remember they've never allowed their currency – help me here, Brandon – to float with all the rest of the currencies on the world.

00:22:16.960 Never.

00:22:17.120 The dollar – the currencies – there is one piece of free trade internationally.

00:22:22.500 Everybody's currency floats with each other in terms of relative value, correct?

00:22:26.400 Yes.

00:22:27.020 Except one big one.

00:22:28.740 There are some little ones, but big one, and that is the renminbi.

00:22:31.380 That's right.

00:22:31.640 And that's where China refuses to let it float and manipulates the value of its China and lies to its own banks about how much they're printing in the background.

00:22:40.640 Right?

00:22:41.180 They don't have a Fed, but they have a balance sheet.

00:22:43.700 They printed way more than us.

00:22:45.380 They are stuck on tariffs, big.

00:22:49.580 They are stuck on currency.

00:22:51.280 They are trying to hold power with TikTok, and they're trying to hold power with the ports.

00:22:56.400 And I think that it's a very busy time.

00:22:59.600 They are big, and they are the one we have to talk to.

00:23:02.620 But I like the fact that there is multiple fronts that Trump is pushing on against them.

00:23:08.480 I said this last time on Jesse Waters.

00:23:09.880 If we get all the deals done, Trump needs to write, order the deal, too.

00:23:15.380 Because it's time, man.

00:23:16.580 Everybody's going to want to know how these deals got done.

00:23:18.920 Brandon, you were saying.

00:23:19.760 Yeah, no.

00:23:20.020 Just when it comes to leverage, I think we have far more leverage than China does. 0.57

00:23:22.580 Because the thing that made them valuable to us is going away.

00:23:24.800 What made them valuable was cheap labor and their manufacturing capacity.

00:23:27.820 But with AI and with their labor being more expensive now, that's no longer that much of an advantage for us.

00:23:31.960 And then what they need us for is they need us for our consumer base, because our consumer base feeds probably the majority of their economy.

00:23:39.000 We absorb what they make, because nobody else in the world could do that.

00:23:42.660 And they're extremely vulnerable in terms of what they have to import to feed their country.

00:23:46.640 So if you look at them, they're pretty landlocked.

00:23:48.720 And we have all of our allies around them.

00:23:50.380 So we have Japan.

00:23:51.200 We have South Korea.

00:23:52.420 We have Taiwan.

00:23:53.780 So if we want to, we could easily blockade China and stop them from even importing food and oil.

00:23:58.980 So hopefully we don't have to do that.

00:24:00.580 But I think we could very easily cut them down.

00:24:03.380 Look, I think, you know, we talked about China being the end boss here. 0.76

00:24:06.560 What's the definition of a good deal or a fair deal?

00:24:09.940 The definition, in my opinion, is both sides kind of get what they want.

00:24:15.040 And both sides kind of give up stuff that they wanted, but they're willing to part with, right?

00:24:19.260 That's a negotiation.

00:24:20.500 I kind of wanted this.

00:24:21.600 We're going to have to do something with the Panama Canal.

00:24:23.380 You wanted TikTok.

00:24:24.520 We'll meet you here.

00:24:25.760 You know, supply, demand, trade, input.

00:24:29.260 That's what it comes down to.

00:24:30.380 But if we go back to what Trump believes, you know, people say that Trump doesn't really have an ideology.

00:24:35.580 It's kind of clear he has one thing that he definitely cares about.

00:24:38.900 And that's dealing with these unfair trade practices.

00:24:41.520 He's been talking about it for 40 years, starting with Oprah in 88.

00:24:44.980 And he loves America.

00:24:46.480 So I think, you know, Trump sort of goes by the shock and awe.

00:24:49.400 He throws out something crazy out there.

00:24:51.380 He's like, the whole world's getting tariffs.

00:24:53.620 Bing, bing, ding, ding, ding.

00:24:54.720 You're all getting these numbers.

00:24:55.980 And then you see whose response.

00:24:57.720 Vietnam responds.

00:24:58.900 Israel responds. 0.62

00:25:00.600 India responds.

00:25:01.340 All these countries responding.

00:25:02.360 And basically, in my opinion, Trump looked at the world on the second term.

00:25:07.400 He had four years to sit back and relax.

00:25:09.060 And he goes, you know what I'm sick of?

00:25:11.440 I'm just sick of kicking the can down the road.

00:25:14.520 This needs to be dealt with at some point.

00:25:16.940 And I'm that mother effer who's going to do it.

00:25:19.740 So rather than kick the can down the road, I'm going to pick up the can.

00:25:22.660 I'm going to spray print it red, white, and blue. 1.00

00:25:25.720 And I'm going to chuck it at China and say, make my day, mother sucker. 1.00

00:25:29.260 And we're going to see where this negotiation goes. 1.00

00:25:31.560 It could go terribly good or terribly bad.

00:25:34.100 But Trump's willing to die on this hill.

00:25:36.380 So you said TikTok, Tom.

00:25:38.160 Play this clip on TikTok.

00:25:39.860 And then I'll give you some thoughts I have on this.

00:25:42.460 Go for it, Rob.

00:25:43.580 You're open to deals with these countries.

00:25:46.340 I wrote the book, Art of the Deal.

00:25:47.920 Somebody said that we're going to give you something that's so phenomenal.

00:25:50.800 As long as they're giving us something that's good.

00:25:53.620 For instance, with TikTok as an example.

00:25:56.160 We have the situation with TikTok where China will probably say,

00:26:04.100 We'll approve a deal.

00:26:05.560 But will you do something on the tariffs?

00:26:07.620 The tariffs give us great power to negotiate.

00:26:10.860 Always have.

00:26:11.700 I've used them very well in the first administration, as you saw.

00:26:15.380 But now we're taking it to a whole new level because it's a worldwide situation.

00:26:22.060 Oh, my God.

00:26:22.600 And it's very exciting to see.

00:26:24.960 And what it's done is driven a lot of great companies to our country.

00:26:30.480 And you see construction starting all over Erlington.

00:26:34.020 On Israel, Mr. President.

00:26:34.980 I follow up on your earlier comment about TikTok.

00:26:37.240 You said that the Chinese might be willing to agree to approve that sale in exchange for tariff relief.

00:26:42.900 Is that something that you've floated to them or you've heard from them?

00:26:46.020 No, I'm just using that as an example.

00:26:48.740 Let's say we had a problem with TikTok and let's say China wasn't going to approve.

00:26:54.320 We could use tariffs in order to get it approved.

00:26:56.820 Thank you.

00:26:57.300 The deadline is 7.

00:26:58.160 You get to have something in return.

00:26:59.380 What's the update on the deal negotiations for TikTok?

00:27:02.080 We're very close to a deal with a very good group of people on TikTok.

00:27:05.940 Larry Ellison and Oracle?

00:27:07.020 Is it multiple investors?

00:27:08.760 Multiple.

00:27:09.000 And then did the last minute kids kind of throw things into disarray for you?

00:27:13.700 Or do you have your strategy completely locked up on who's going to approve?

00:27:16.360 Which last minute?

00:27:17.620 On acquiring TikTok.

00:27:20.160 I think that China maybe will call and say, well, we're upset with the tariffs.

00:27:27.940 And maybe they want to get something a little bit in order to get TikTok approved.

00:27:33.420 Who knows?

00:27:34.340 Okay.

00:27:34.820 TikTok versus tariffs.

00:27:40.000 And in the list of, like, if you were to put, which is more important, 60-40 TikTok or 60-40 tariffs or whatever,

00:27:50.480 how would you compare the two?

00:27:52.560 Getting the TikTok deal done or tariffs?

00:27:54.460 100 to zero.

00:27:55.120 Exactly.

00:27:55.980 Who cares about TikTok?

00:27:58.660 Who cares about TikTok?

00:28:01.400 At any point, if you want, you can shut down TikTok.

00:28:03.800 Of course, you're going to lose a lot of the younger audience that's not happy with you and all this other stuff.

00:28:07.560 And TikTok kind of turned in his favor in the last election.

00:28:10.900 Charlie Krook killed it on TikTok and a lot of the younger conservatives started using it.

00:28:14.880 But no, this tariff thing is very big.

00:28:18.560 Very, very big.

00:28:19.740 If they figure out a deal with the tariffs, could be some very interesting things going on here.

00:28:24.560 Are you a dog person or a cat person?

00:28:26.680 We know this guy's a cat person.

00:28:28.260 Adam, I have a special guest here today.

00:28:30.380 If you can bring him over here, this is my number one therapist for the last 16 years next month.

00:28:36.420 This is our buddy, Jimbo.

00:28:37.740 Jimbo.

00:28:38.600 Jimbo is going to be 16 years old next month.

00:28:41.960 And he's wearing some, Jimbo, can we show off what you got on?

00:28:44.440 He's got a Future Looks Bright shirt back here.

00:28:47.420 And because it is, what is it, the National Pet Day, Rob?

00:28:52.280 Can you pull that out?

00:28:52.980 Yes, Friday, National Pet Day.

00:28:54.640 National Pet Day is Friday.

00:28:56.480 We got this gear for you that our merch team thought it was a good idea.

00:29:00.740 Okay, I want to show you this.

00:29:01.880 So if you guys, honestly, if this sells out, I'm going to personally give credit to the merch team to come up with these ideas.

00:29:07.340 And I will say, this is their idea if it goes lights out.

00:29:10.720 Now, what do we have here?

00:29:12.800 A few different things for you to pick from with Future Looks Bright.

00:29:16.040 Frisbee rope toy.

00:29:17.880 This is one.

00:29:19.100 We have this tennis ball.

00:29:20.520 What does it say?

00:29:21.080 Tennis ball sling toy.

00:29:23.260 We have this other one.

00:29:24.040 This is sick, actually, if you look at it.

00:29:25.440 This is the biting, you know, the dog toy and what the leash is that we got with Future Looks Bright on it and bite him on it. 0.95

00:29:32.040 Gangster.

00:29:32.240 This is the gangster if you're from L.A., New York, maybe.

00:29:34.540 Maybe in Baltimore.

00:29:35.820 Pick this up.

00:29:36.420 Yeah.

00:29:36.760 We got some of this stuff.

00:29:37.540 And on top of that, if you go, by the way, look at that Yeti one.

00:29:40.180 Can you zoom into that Yeti one?

00:29:41.960 Oh, that's awesome.

00:29:42.120 Is that like a Yeti dog bowl?

00:29:45.280 Yeah.

00:29:45.540 Look how sick that is with Future Looks Bright.

00:29:47.160 I saw Vinny drinking out of one of those this morning.

00:29:48.240 Every day, your dog will be excited when he's going through this.

00:29:50.700 Go back, Rob.

00:29:51.660 So let's place an order on one of the things so they can kind of see.

00:29:55.120 Let's place an order on this, hypothetically.

00:29:56.980 If you buy this, watch what happens, okay?

00:29:59.140 So you buy this $15.

00:30:00.460 You add it to the cart.

00:30:01.680 Then it says here, are you Team Wolf or Team Meow?

00:30:06.160 I'm Wolf.

00:30:06.520 So you're going to get a value team and mug that says Meow or Wolf, depending on if you're

00:30:12.180 a dog person or a cat person.

00:30:13.440 Obviously, Adam goes with Meow and Vinny would go with Wolf.

00:30:16.260 But some of us actually like dogs and cats.

00:30:18.460 But anyways, if you got animals, if you got dogs, go place an order for National Pet Day,

00:30:25.620 Future Looks Bright.

00:30:26.480 I never forget one of the shows I watch cartoons that it said, All Dogs Go to Heaven, with the

00:30:31.300 character Charlie.

00:30:32.080 You remember that?

00:30:32.420 What a great movie, right?

00:30:33.800 Cry all the time.

00:30:34.300 If you love dogs, you got dogs.

00:30:35.580 Place an order.

00:30:36.180 Future Looks Bright, not only for us humans, but also for dogs.

00:30:39.520 If you enjoyed this video, you want to watch more videos like this, click here.

00:30:42.260 And if you want to watch the entire podcast, click here.

00:30:45.020 We'll see you next time.

00:30:50.660 Keep talking.

00:30:52.920 Bye.

00:30:53.940 Bye.

00:30:54.920 Bye.

00:30:56.020 Bye.

00:30:56.940 Bye.

00:30:58.140 Bye.

00:30:59.740 Bye.

00:31:01.840 Bye.

00:31:03.800 Bye.

00:31:04.800 Bye.

00:31:04.920 Bye.

00:31:06.320 Bye.

00:31:06.880 Bye bye.

00:31:07.820 Bye.

00:31:07.920 Bye.

00:31:08.760 Bye.

00:31:12.800 Bye.

00:31:13.980 Bye.

“China Is The Final Boss” – Trump Goes NUCLEAR With China Tariff Threat In Showdown Of The CENTURY

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