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00:00Bueno, la Unión Europea ha estado hablando con nosotros,
00:02Ursula y el grupo, y ellos han sido muy agradables.
00:05Ellos han tratado muy mal hasta ahora.
00:07Ahora, ellos han tratado nos muy agradables.
00:09Es como un mundo diferente, en realidad.
00:11Ellos han tratado muy mal.
00:13Ellos fueron uno de los más difíciles de lidar con.
00:15En muchos aspectos, ellos fueron mucho peor que China.
00:18Mira lo que hacen a nuestras compañías.
00:20Ellos suelen Apple.
00:21Ellos suelen Google.
00:23$17 billones por Apple.
00:26En un caso de que no tienen un caso.
00:29Ellos tienen, you know, judges que son European Union judges.
00:33Y ellos han tratado mucho dinero de nuestro país en términos de eso,
00:37en términos de otras cosas que ellos hacen.
00:39Ellos son muy difíciles.
00:40Pero ahora, ellos son muy agradables a nosotros.
00:42Y vamos a ver qué pasa.
00:45Estamos probablemente dos días off de enviarles a letter.
00:49Estamos hablando con ellos.
00:50Yo solo quiero saber que una letter significa un deal.
00:54A lotes de personas dicen que hay 200 países.
00:57No podemos ver con 200 países.
00:58We have a few trusted people that know what they're doing,
01:02that are doing a good job.
01:03But you can't do it.
01:04You have to do it in a more general way.
01:06But it's a very good way.
01:07It's a better way.
01:08It's a more powerful way.
01:10And we sent them a letter.
01:11You read the letter.
01:11I think it was well crafted.
01:13And mostly, it's just a little number in there.
01:18You'll pay 25 percent, 35 percent.
01:21We have some at 60, 70.
01:23Those are the ones with massive, you know,
01:24where we have massive trade deficits,
01:26because they've treated us very badly.
01:28But I would say, in every case, I'm treating them better
01:32than they treated us over the years.
01:34Don't you agree with that?
01:35I agree.
01:36I could have done much — I could have been much harsher.
01:40I don't want to do that.
01:41We want to have relationships.
01:42But in every case, they treated us far worse
01:47than I'm treating them.
01:47I'm treating them very good.
01:48I could go higher with the tariffs,
01:50but I don't want to hurt them.
01:52That's why, when you just read it,
01:54you come up with the number.
01:55It's so incredible that prices are actually going down.
01:57Just so you know, when I got in, everyone said,
01:59oh, eggs — eggs are going through the roof.
02:02That was the first — I was in for about four days,
02:04and they started screaming at me about eggs.
02:06They said, that's Biden's problem.
02:07I didn't know about eggs.
02:08But eggs went up about five times.
02:10You did a fantastic job.
02:12And we ended up shortly getting — in fact, for Easter,
02:16they said, go out and buy plastic eggs.
02:18You can't use real eggs.
02:20Well, we bought 200,000 eggs for the White House
02:22for the Easter egg hunt that we have at the White House,
02:25and there were eggs. We had the price down.
02:26And now the price is lower than it was before.
02:30We did a good job with eggs,
02:31but we did a good job with groceries.
02:33Our prices are down in this country.
02:37A big part of it's oil. The oil.
02:39You have — you had a couple of places last week.
02:42You had $1.99 for oil, for gasoline.
02:46And nobody thought they'd see that.
02:48I want to get it lower if I can.
02:50But we're — we've done a good job.
02:52You've done a very good job.
02:52Do you want to say a couple of words about that,
02:55you and Chris, about what's happening with energy?
02:57The President- Well, absolutely.
02:58But I would say, on the pricing side, President Trump,
03:02the fact that you've endorsed and supported a policy
03:05of energy dominance, that sends a signal to the market
03:08that we're going to have more supply.
03:10You talked during the campaign about inflation
03:13being a country buster.
03:14You've broken the back of inflation in six months,
03:17among all the other things you've accomplished.
03:19The President- We have no inflation.
03:21The President- And we've got —
03:22and then heading into the Fourth of July,
03:23these were the lowest gas prices at the pump in four years.
03:27And again, for Americans, this is —
03:30this is like hundreds of billions of dollars
03:31of — that stay in their pockets
03:34because we lowered the price of gas at the pump.
03:36But when we lower the price of energy,
03:37it lowers the price of food.
03:39It lowers the price of every — the clothes you wear.
03:41The President- It's the biggest thing.
03:42The President- It's the biggest thing.
03:43The President- It's like a big tax cut.
03:44When you get energy down, every 50 cents is like a massive tax cut.
03:51And we've gotten it down much below that.
03:54You know, we had great energy, great low prices,
03:56everything else when the election turned over.
04:00I'm being — I'm trying to be nice about it.
04:02It turned over, shockingly, but nevertheless,
04:05it happened, energy started going up.
04:09And it went up really bad.
04:10And then he went back to the Trump policy.
04:13The problem was they didn't know how to do that.
04:15And he lost it. He lost that sucker.
04:18That big sucker was out of control.
04:20And his energy prices went way up.
04:22And that's what caused it.
04:23But it was also stupid spending.
04:26They spent money like — they used to use the term
04:29drunken sailors, but I won't use that term.
04:31Although it is very descriptive, I won't use that term.
04:34I refuse to use it.
04:35But they spent money at levels that nobody had ever seen before.
04:39And trillions and trillions of dollars wasted on the Green News scam —
04:45greatest scam in the history of our country,
04:47other than maybe Russia, Russia, Russia — that might have been.
04:50But the Green News scam was the single greatest scam
04:53in the history of our country.
04:55And continues to be, but it's weakened badly.
04:58It's hobbling along because people are finally —
05:01they're finally getting it.
05:02And they spent trillions of dollars on the Green News scam,
05:06getting nothing for it — devised by a couple of young people
05:09that weren't even good college students.
05:12You know? Not even good students. Check out their marks.
05:16Can you clear on that —
05:17Can you clear on that —
05:18Can you clear something up, Mr. President,
05:19on what you said last night?
05:20No. Not for CNN.
05:21Not for CNN. Go ahead.
05:22The last jobs report —
05:23Can you clear on that —
05:24In the last jobs report, Mr. President,
05:25in the last jobs report,
05:26the manufacturing jobs actually lost 7,000 jobs.
05:29When will the investments that you've been talking about
05:32have an effect?
05:32We're building the plants now. About seven have started.
05:36We're going to have hundreds started
05:38within a short period of time.
05:40Lee Zeldin, who may be the most important man in this room —
05:43I'm sorry —
05:44But he's the one that gets the permits,
05:46whereas he's the one that has to get the permits
05:48for the plants and the factories.
05:50And permits that used to take five years,
05:52he's getting in record-setting times.
05:55AI — we're leading China a lot in AI.
05:59And if we go with this, you know, I'm allowing the plants
06:03to build their own electric.
06:04They're — I'm allowing them to become an electric utility
06:08so they can produce their own electricity.
06:10Because we need double the —
06:12to be successful with AI, which is the biggest thing now,
06:15we need double the electricity that we have,
06:18which is hard to believe. We need even more than that.
06:21And they're building plants
06:22with their own electricity substations.
06:25They don't have to use the grid.
06:26And anything they build extra,
06:28they're putting into the grid.
06:30So we're supplying the grid with brand-new electric sources.
06:33And, you know, it's funny.
06:34When they came to see me, they never even asked for that.
06:37I told them about it.
06:39The reason they didn't — they thought that was an impossibility.
06:41You're not allowed to build your own electric.
06:43These are massive investments that are being made
06:46in building electricity for their plants.
06:49And they're going to have, I think, Doug,
06:50a lot of electricity left over.
06:52And that electricity is going to be passed into the grid
06:55and give us no more — you know, like, you look at California.
06:59They have blackouts and brownouts every week.
07:01It's — they're totally out of control.
07:03They have a really incompetent governor.
07:05The Press on August 1st, you said, is the deadline.
07:08What incentives do countries have to negotiate?
07:11It seems that deadline keeps moving.
07:12It was April 2nd, now it's —
07:14We didn't — no, no, it's always been August 1st.
07:17That's why we're paying.
07:18A statement was put out today, and I put it out,
07:21just to make it clear.
07:22It wasn't a change. It was August 1st.
07:25We don't change very much.
07:26You know, every time we put out a statement,
07:28they say, he made a change. I didn't make a change.
07:30Clarification, maybe. No, August 1st, they pay.
07:35And everybody pays. Everybody has to pay.
07:37And the incentive is that they have the right
07:39to deal in the United States.
07:40If they don't want to, they don't have to pay,
07:42and they don't have to deal here.
07:43But if they want to buy, and make a lot of money,
07:47and sell, in the United States, they have to do that.
07:50You know, if you go back and look at some
07:53of the good Presidents — our country was the wealthiest,
07:57proportionately the wealthiest, from 1870 to 1913.
08:01It was an all-tariff country.
08:03We didn't have income tax.
08:05That came due in — that came in in 1913, we had tariffs.
08:09And we had so much money, we didn't know what to do with it.
08:11We had — I mean, we had a couple of Presidents
08:15that were very, very strong.
08:17McKinley, I guess, more than anybody.
08:19But he was the tariff king.
08:20But he was very, very strong.
08:22And so to say it, he made a fortune for this country.
08:27Became very rich.
08:28And then Teddy Roosevelt went out, and the Vice President,
08:33and he spent the money.
08:34And they said Roosevelt was a great President.
08:37And let's say he was a great President, but the money was paid
08:39by McKinley with tariffs.
08:41Tariffs are charged by other countries
08:44at levels that are ridiculous.
08:47And, you know, I call those other countries to say —
08:49and every one of them is willing to give us everything now,
08:52by the way, just so you know.
08:53Sir, we'll charge you no tariffs, nothing.
08:56We'll give you everything.
08:57We'll give you access to our markets.
09:00We'll give you everything.
09:01Is that a correct statement, Scott?
09:02Mr. Yes, sir.
09:03The President, Howard, would you say that's a correct statement?
09:04Mr. Exactly correct.
09:05The President, it's like they just don't —
09:08because they're very spoiled.
09:10Because for years, they ripped us off,
09:11and we didn't have a President that understood it.
09:13Or Secretary of Treasury or Secretary of —
09:18a lot of different secretaries are involved,
09:20but certainly Commerce Secretary was, you know,
09:23not doing their job.
09:24I don't know about Kelly.
09:25She's small business.
09:26We'll keep it that way.
09:27Okay?
09:28Her small business is bigger than almost all big businesses.
09:31But, no, they are very respectful of our country.
09:37But the incentive is that they have the right to do business with us.
09:40Without that, they don't have the right to do business.
09:42And that will be okay, too.

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