Valuetainment - August 04, 2025


＂Trump Is The GREAT Equalizer＂ - Howard Lutnick PRAISES Trump’s UNSTOPPABLE China Trade Deals


Episode Stats

Length

12 minutes

Words per Minute

213.36208

Word Count

2,706

Sentence Count

254

Misogynist Sentences

5

Hate Speech Sentences

4


Summary

Rob and Tom talk about the latest trade deal between the US and China and what it means for the economy and the rest of the world. They also discuss the impact this could have on the Fed raising rates and the impact on the economy.


Transcript

00:00:00.120 Trump's trade deals for the world will be done by Friday, but China will take longer, is what Howard Lutnick said.
00:00:09.660 Okay, so out of all the deals that we did, you know, you saw he just increased Brazil by 50% because of what's going on with Alexandre de Moraes and Lula.
00:00:19.920 You saw what he just did with India, 25%. They're saying it'll be done by Friday, but here's Lutnick on China. Go for it, Rob.
00:00:27.560 Well, I think with respect to other countries, what's happened is many, many countries had made us okay offers to open their markets, you know, 50%, 30%.
00:00:39.940 And then the president said, no, no, I want them open. And then they get up to 75%. And the president said, I want it open.
00:00:45.720 So now the price of a deal with the United States of America is black and white, completely open markets.
00:00:52.240 He wants to make sure that Americans can sell their goods overseas. He's tired of all those years where it was unfair and asymmetric against us.
00:01:02.640 He wants to right the wrong of the last 80 years of trade policy, and he wants to do it now. And that's what he's doing.
00:01:09.320 So are there deals on the table for him to consider? Yes.
00:01:12.520 But he knows that he can just set the rate and set the price and move on. And he said that over and over again.
00:01:19.420 We put in front of him the deal. He sees the deal and he decides, do I want to do a deal with India or I don't?
00:01:26.300 And that is up to him. We've done our job. They've made offers, but they generally, these countries came to the table slowly from what President Trump was hoping for.
00:01:36.220 But of course, from their perspective, no one's moved as fast as the world has moved with respect to Donald Trump.
00:01:42.560 He has moved the world in a way that no one can imagine. He's done this in six months. This is amazing.
00:01:50.480 And I am, as you can tell, I'm having the best time working for Donald Trump.
00:01:54.720 We're out of time, but I, so you think it's more likely that, you know, musical chairs, people are looking around thinking, no one wants to be last, do they?
00:02:04.480 I mean, you think we're going to hear more? Well, China is going to be tough all day.
00:02:10.200 We only got 30 seconds, but China is going to be tougher.
00:02:14.140 Yeah. China is their own thing. We have our own team working with China. They're their own thing.
00:02:19.780 I'll leave the people who are working with China right now to give you a briefing on what they've accomplished and where they are.
00:02:26.160 I'll leave it to them. But for the rest of the world, we're going to have things done by Friday.
00:02:31.040 And Friday is not that far away. So you should expect, we said August 1st is the date that we're setting all these rates and they are off to the races after that.
00:02:40.400 24 hours. Tom, what do we know about this?
00:02:43.160 Well, Howard Lutnick is not going to go in and say something like that on CNBC because CNBC is the direct line to the markets.
00:02:50.840 CNBC is highly credible with the markets and Wall Street reacts very quickly to what happens there versus what happens in other forms of interviews, even though the market instantly reacts to most news.
00:03:03.580 What Howard is talking about is he's setting an expectation. China may take longer, but I think we took another step forward.
00:03:11.300 That's what he wanted the markets to hear. And everybody else, he wants to let them know that it's all done.
00:03:16.920 But you've got everybody. That is the truth. And Howard's not going to put himself out that 24 hours later, he's proven wrong because six countries go sideways on us.
00:03:26.900 They're not going sideways. The closer it gets to the deadline, the more they're realizing this is serious. This is real.
00:03:32.700 And it's like what he said. We'll give you 50 percent. We'll give you 75 percent open.
00:03:36.520 He's like, no, open up so we both can trade back and forth asymmetrical.
00:03:42.380 And you still got, you know, business media out there. I mean, Barron's article in Barron's is like, well, you know, what if this happens?
00:03:49.060 What if that happens? And the writer from Barron's actually said and the Fed could raise rates a quarter point.
00:03:55.440 Just trying to create this fear monger in there. And it just I was reading this article and I said, this is freaking Barron's.
00:04:02.340 And it was like cute kid rock in my head. And we were trying different things.
00:04:05.920 We were smoking funny things, drinking whiskey from the bottle. Don't care about tomorrow.
00:04:10.500 That's what it felt like reading this is the business certain part of the business meeting.
00:04:14.500 They are cheering against. They are so speechless that this is Kramer's reaction, dropping an F bomb on how great the economy is doing.
00:04:21.760 Watch this. I almost dropped an F bomb just now.
00:04:23.660 We our biggest problem is we have so much growth that the Fed won't cut.
00:04:28.620 What the fuck? Oh, Jesus Christ.
00:04:30.780 Oh, my God. Oh, my God.
00:04:32.080 Oh, my God. He's so naughty, Jim Cramer.
00:04:34.340 I think it's OK. It's OK. It's OK. We're in the moment.
00:04:37.640 I take it right now. That was bad. I take it right now. That was bad.
00:04:40.060 It's cable with a cable with a ticker, as Doug Cernan would say.
00:04:43.800 Take that back. That's right. Real people doing live TV.
00:04:45.820 You can't take it back. Jim Cramer, to your point, Goldman today, the most notable change.
00:04:50.280 I think I'm out of here. I'm sorry. You're absolutely fine.
00:04:52.320 Goldman today, the most notable change. You want me to say one?
00:04:54.400 No, I just feel like enough with the economy's booming.
00:04:57.760 Let Carl talk now. Goldman today, most notable change since the June Fed meeting.
00:05:02.040 I take it back. It's too late, bro. It's gone.
00:05:05.500 The rate cut and the economy is booming. So, Tammy, what thoughts do you have on this?
00:05:08.580 My thoughts are this reminds me of 2017 when they said Trump was going to crash everything
00:05:13.280 and then things went really, really well up until COVID.
00:05:16.020 And now he's back 2.0. He's got the right people around him this time.
00:05:21.340 He's executing quickly. And I mean, day one executing.
00:05:25.540 And his instincts, to my earlier point, are usually right, especially on the economy.
00:05:30.140 These trade deals, everyone panicked. Everyone freaked out.
00:05:32.560 Even conservatives freaked out. Oh, I don't know if this is the right thing.
00:05:35.580 And there's so much uncertainty and people are losing everything.
00:05:38.580 And then it's like, just trust the process.
00:05:40.860 President Trump looked at our trade deals and he said, this feels lopsided to me.
00:05:44.840 And I'm the only one that's going to do it.
00:05:47.380 Nobody else is going to have the balls to do it. So I'm going to do it.
00:05:50.420 This is my second administration, now or never.
00:05:53.720 And I believe it. Trust the process.
00:05:55.960 And everyone freaked out. And guess what?
00:05:58.420 We trust the process. And here we are.
00:06:00.320 Same thing with what a month ago when they said, oh, he bombed Iran and it's going to be World War III
00:06:05.840 and Trump's starting new wars and what happened.
00:06:09.140 Nothing that we know of yet.
00:06:11.540 So trust the instincts of President Trump, especially on the economy.
00:06:15.680 He knows what he's doing here.
00:06:17.320 I think that's a good point if you voted for him.
00:06:19.120 If you're somebody that's a true voter of him, you've got to trust the instincts.
00:06:22.580 If you're somebody that is the first time you voted for him, you're kind of like,
00:06:25.980 well, I don't want to vote for Kamala.
00:06:28.180 Maybe you can be a little bit more skeptical.
00:06:29.840 But the people that truly did, you've got to know that you can debate, you can have the arguments.
00:06:33.220 Imagine what Kamala would be doing right now, by the way.
00:06:34.300 There's no question about that.
00:06:35.300 I mean, can we just imagine right now?
00:06:37.260 Let's just take ourselves to a world where Kamala Harris is the president right now.
00:06:42.520 What would things look like?
00:06:43.800 The greatest fundraiser of all time.
00:06:45.620 Give her props.
00:06:46.540 Everyone would be gay.
00:06:47.580 Can I ask a question, though?
00:06:48.920 Alcohol stocks would be up.
00:06:50.540 Everything, like, I mean, Trump is obviously kicking butt.
00:06:53.220 We are, like, just Jerome Powell felt like he, it hurt for him to say everything is going so great.
00:06:59.840 Like, I fear that the next, if God forbid the Republicans don't win again and they have somebody else come in,
00:07:05.520 like Kamala's finished, but somebody like that, they're going to try to undo every single thing
00:07:11.680 that this guy has been doing for the past, once we hit the four-year mark.
00:07:15.740 I mean, what do you think the first thing the Democrats are going to do about the border?
00:07:19.620 Like, Tommy, that scares the hell out of me because, and obviously we want to keep, you know,
00:07:23.700 the momentum going and everything like that.
00:07:25.260 That's the first thing they're going to do is open the border, number one, without a doubt.
00:07:28.340 Open the border, and then number two, they're going to cave to China,
00:07:31.440 they're going to cave to all these people, and we're going to go back to where we were.
00:07:35.260 That's the biggest fear.
00:07:36.040 But even Biden didn't want to completely undo some of Trump's trade work.
00:07:40.220 That's right.
00:07:40.640 Even he was like, I will say this, though.
00:07:42.720 I agree with you on that point.
00:07:43.900 However, when Trump did great things during his first term, their excuse was,
00:07:49.120 well, that was actually Obama.
00:07:50.440 It just took a while.
00:07:51.380 Yeah.
00:07:51.580 Okay, and then you had four years of Biden where everything royally sucked.
00:07:55.440 And then they're like, well, that's because of Trump.
00:07:57.260 It just took a while to set in.
00:07:58.820 Now you've got Trump again.
00:08:00.100 So you go to a Democrat, God forbid, in 2028.
00:08:03.900 What are they going to say?
00:08:05.100 Okay, just like when the Democrats put out that chart that they thought was so funny last week.
00:08:09.240 Then it was under Biden.
00:08:10.160 Well, look at it.
00:08:10.700 It's like the prices go under Biden, and then they had to delete that.
00:08:13.760 How do you go from things going well under Trump, one, then it's crap, then it's good, then it's crap.
00:08:20.320 How do you keep lying to people that the Democrats are not the problem, even with the border?
00:08:25.200 Because people were really pissed about the border, and I agree with you.
00:08:28.220 They're going to try to open it up again.
00:08:29.900 For sure.
00:08:30.120 But do you know how bad that's going to look if they really try to do that again?
00:08:33.500 But you know what?
00:08:35.060 The majority of the left, the Democrats, that's what they want.
00:08:38.620 Of course it is.
00:08:39.520 They're over there fighting ICE agents.
00:08:41.340 I saw some Karen in California.
00:08:43.920 She was literally like, leave them alone, and trying to take off their mask.
00:08:48.020 And it's like, they're insane.
00:08:49.520 And I'm telling you, half that country, half the country would be like, yeah, no, we want it wide open because we love immigrants.
00:08:56.500 This is a country of immigrants.
00:08:58.860 Trust me.
00:08:59.740 They're going to try to do that.
00:09:01.420 And so it's literally a fight for the nation.
00:09:04.440 We cannot let these people get back in power.
00:09:06.960 We can't.
00:09:07.700 To me, back to this trade thing,
00:09:09.420 if there's one word that Donald Trump stands for, it is fairness.
00:09:13.860 If you notice, the one thing he's always complaining about, they're treating me very unfairly.
00:09:18.120 It's not fair.
00:09:19.240 They're trying to do this.
00:09:20.080 They're trying to do that.
00:09:20.960 That's why he's so against DEI, because it's not fair.
00:09:24.360 That's why he believes in MEI, because it's actually fair.
00:09:27.680 It's equality, not equity.
00:09:29.880 So everything that he does with this trade, is it fair trade?
00:09:32.540 Is it free trade?
00:09:34.080 Basically, he believes that America has been taken advantage of for decades.
00:09:38.500 And that's the fault of our leaders.
00:09:39.880 It's the fault of our politicians.
00:09:41.220 And they've carved out the middle class.
00:09:43.500 They've carved out manufacturing in this world.
00:09:45.540 And now the average American is like, what the hell is going on here?
00:09:48.440 It's kind of like, you know, we're going to go to Vegas soon.
00:09:50.940 The Vegas, they used to give everybody that stayed there the free buffet.
00:09:54.300 Yeah, you go get the buffet, get the buffet.
00:09:56.200 And what happens is this.
00:09:57.780 Oh, it's the free buffet.
00:09:58.800 All right, I'm going to go get a second or third.
00:10:00.420 Then I'm going to get a plate and bring it up to my room for my family.
00:10:02.940 All of a sudden, all my kids are eating for free.
00:10:04.960 And the buffet is basically being ransacked and rummaged through.
00:10:09.560 And the buffet in the casino is being treated very unfairly.
00:10:13.840 Trump's basically saying, listen, there's no more free buffets.
00:10:17.360 All you countries can't come in here and throw all your products here.
00:10:20.660 And then we can't even eat at all at your restaurant, your casino.
00:10:24.200 You know, you're making us pay.
00:10:25.960 The buffet line is closed and all your kids aren't eating for free.
00:10:29.320 How many times do you have to say buffet?
00:10:31.060 I mean, I know it's getting close to lunch.
00:10:32.600 Like, you're a buffet buffet.
00:10:33.880 I get it.
00:10:34.160 We'll feed you.
00:10:34.680 Somebody get out of my way.
00:10:35.440 But do you agree that Trump believes in fairness?
00:10:38.380 Yes.
00:10:39.580 Equalizing is the word he said he made up.
00:10:42.320 Equalizing.
00:10:42.780 I've never heard that word before until Trump.
00:10:45.260 Well, no, he's also a hardcore negotiator.
00:10:51.580 I don't know if his deals that he's doing.
00:10:55.500 He is about fairness.
00:10:56.740 I agree.
00:10:57.340 But he's also pushing the agenda in a major way for America to have a bit of an upper hand.
00:11:02.400 This is the first guy in a long time that's using leverage the way he has.
00:11:06.220 And he's filled the administration with business people.
00:11:09.680 Business people who pay attention to numbers, data, profit, loss, leverage.
00:11:15.820 You look at the world in a completely different way.
00:11:17.800 You were asking about the latest polo shirts that are coming up.
00:11:20.960 It took us a few months to get them.
00:11:22.440 They're finally in.
00:11:23.060 I wore one of these.
00:11:24.020 Everybody was asking, where did you get these vitamin polo shirts?
00:11:26.760 They're right there.
00:11:27.380 We got them in brown, black, white, gray, and another white.
00:11:31.620 There's a bunch of them on here for those because it's hot.
00:11:34.280 Yesterday, we flew them from Orlando.
00:11:35.460 We're on a flight, flying back on this private jet, and we're asking the pilot, hey, can you turn on the AC?
00:11:41.960 I can't turn on the AC.
00:11:43.300 Mario makes the mistake of asking the guy.
00:11:45.600 He says, I heard this is a mock.
00:11:48.380 What did he ask him?
00:11:49.200 He says, I think.
00:11:49.820 Does it go mock?
00:11:50.580 And the guy was like, yeah, it goes mock 1.5.
00:11:52.440 It goes actually mock 1.1.
00:11:53.960 And then next thing you know, we get on the jet, and this guy goes, oh, he starts doing all this stuff, showing off.
00:11:58.340 I'm like, what is this guy doing?
00:11:59.680 On the way back, we're flying low.
00:12:01.100 He says, I can't turn on the AC.
00:12:02.560 I get off the plane.
00:12:04.140 Do you remember what I look like?
00:12:05.400 It honestly looks like somebody pouring water all over you.
00:12:07.600 I get off the plane.
00:12:08.480 My entire shirt is flipping, you know, drenched, and this is why Tommy just announced she's moving to Florida because she loves the humidity here.
00:12:16.880 But for some of you guys that are in the heat, you want to wear a polo shirt and have the vitamin gear on, go place your order at vtmerch.com.
00:12:25.680 We did not order too many of these, but if you want to get them, go to vtmerch.com, place your order, support them.
00:12:31.100 We were at Orlando at the Gaylord event.
00:12:33.000 Cannot wait to see all of you guys at the Vol Conference.
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