00:00And I just want to start by stating that we've just concluded our big trade deal with Japan
00:09and numerous other countries in addition, as you know, but on the Japan deal, because it was
00:18literally just signed, letter was just signed, it gives us a sort of signing bonus, or bring it
00:24into sports talk, a signing bonus, like you have signing bonuses too, I understand, getting a lot of money, a hundred million, that's not bad, but that's not as good as the signing bonus we got, we got a $550 billion signing bonus for the country, and we had the tariff at 25%, as you know, we had a tariff at 25%, and this was,
00:54these are great people that we negotiated with, but we agreed to reduce it to 15% based on the fact that Japan has agreed, for the first time ever, to open up its country to trade, so that all of our American businesses and business geniuses, including many in this room, can go out and do business openly and freely in Japan, a very rich and prosperous and profitable and wonderful country, frankly,
01:23and we will pay a zero tariff as we do business in Japan, so we're paying zero, they're paying 15, we're getting $550 billion, and to be exact, it's 90% of that, but we control the whole lot of it.
