00:00Thank you, sir. You also recorded a monthly surplus in the month of June, $27 billion.
00:09A ton of money with these new tariff rates coming into effect on August 1st.
00:14We're bringing in even more tariff revenue, specifically.
00:17How much revenue do you think we can consistently bring in from these tariffs?
00:21And how big of a game-changer is this, not only for the economy, but also for fiscal responsibility?
00:25Well, we're going to be bringing in, already we've brought in over $100 billion.
00:29We'll be bringing in hundreds of billions of dollars.
00:33And the tariffs really haven't kicked in that much, other than automobiles and steel.
00:39August 1st is a big day. August 1st is when very substantial money comes into our country.
00:46We've made deals with a lot of great places, but we had one yesterday, you know, that was announced.
00:53We have another one coming up, maybe with India. I don't know. We're in negotiation.
00:58When I send out a letter, that's a deal. In other words, that's a deal.
01:01They don't want to ever say that. Oh, how many deals have you made?
01:04The best deal we can make is to send out a letter.
01:07And the letter says that you'll pay 30 percent, 35 percent, 25 percent, 20 percent.
01:13In one case, 50 percent. Brazil.
01:16And because they're — what they're doing to their former president is disgraceful.
01:20I know the former president. He fought like hell for the people of Brazil. That I can tell you.
01:26And I believe he's an honest man. I think what they're doing to him is terrible.
01:30So, you know, we have some — we have some pretty good deals to announce.
01:36But every time we send out a letter, that's a deal. The big one really is going to be on the 150 countries that we're really not negotiating with.
01:46And they're smaller. We don't do much business with them. Because you have a lot of countries. You have over 200 countries.
01:51A lot of people don't know this. But we'll have, you know, well over 150 countries that we're just going to send a notice of payment out.
02:02And the notice of payment is going to say what the tariff. And we're — it's all going to be the same for everyone, for that group.
02:09They don't — you know, it's not — they're not big countries, and they don't do that much business.
02:13It's not like the ones that we've agreed with, like China, like Japan, where we're negotiating with them.
02:21But I think probably we'll live by the letter with Japan. We're very close to a deal with India, where they open it up.
02:28Indonesia yesterday was — it wasn't an open country. Now it is. And they have tremendous copper.
02:36Quality copper and probably the most copper. And we made a deal with Indonesia.
02:41We paid a deal with Indonesia. We pay no tariff. Zero. And we have total access to trade.
02:48That's a phenomenal deal for our companies. And we've agreed with them, as you know, on 19 percent. They pay 19 percent.
02:56And it's a good deal for them. It's a good deal for us in that case. But we have a number of them coming up.
03:02But overall, we're doing well. And we're taking in a lot of money. A lot of money.
03:09We have the number one — you know, we have the most oil of any country in the world.
03:12Even more than them, which is hard to find. But we have a little larger piece of land, right?
03:17I do, sir. It may be so. But we have — we're number one in the world in oil.
03:22And we're drilling. And today it hit $64 a barrel, which is great. And that'll —
