00:00On Friday, you put the chances of a deal at 50 percent, maybe less.
00:05It seems like you're in quite a good mood.
00:06How would you rate those chances now?
00:09I'm actually not in a good mood, but I will tell you, I think the chances are, yeah, I think, Ursula would say, probably 50-50 of making a deal.
00:20I hope, you know, I'd like to make a deal.
00:22I think it's good for both, but yeah, I'd say 50-50.
00:25And what would you say the main sticking points are in this move?
00:28We have three or four sticking points.
00:30I'd rather not get in.
00:31We'll be discussing them.
00:32But I think the main sticking point is fairness.
00:36Okay?
00:37Please.
00:38Is that why you're in a bad mood?
00:39Was it a bad morning with golf or why you're not in a good mood?
00:42No, the golf was beautiful.
00:46Golf can never be bad.
00:47Even if you play badly, it's still good.
00:50If you had a bad day on the golf course, it's okay.
00:53It's better than other days.
00:55But, no, I think, I look forward to this meeting.
01:00You know, we've had a hard time with trade with Europe.
01:05Very hard time.
01:06And I'd like to see it resolved.
01:10But if it isn't, we'll, you know, have tariffs.
01:12They'll do what they have to do.
01:14But we have a good chance of getting it resolved.
01:16We'll probably know in about an hour.
01:19Shouldn't take that long.
01:20You know, it's complicated, but not really complicated when you get right down to it.
01:24Right?
01:26No, no.
01:29The August 1st is there for everyone.
01:32The deals all start on August 1st.
01:34Most of the deals, other than steel and aluminum, which we've been getting 50% tariffs from, I guess, just about everybody.
01:42And those have come in.
01:44And we've taken in, you know, hundreds of billions of dollars just on steel and aluminum.
01:49You've seen the numbers.
01:51We had a tremendous amount of money coming over the last month.
01:55And it's coming in, you know, very rapidly, which is fair.
01:59We have a lot of steel mills and plants, aluminum mills and plants being built.
02:04We have a lot of AI being built.
02:05And we have a lot of auto plants being built or going to be built because they don't want to pay tariffs.
02:10So, you know, if they don't want to pay tariffs, the best way to do it is just build your plant in the United States.
02:17Yes, please.
02:17Sir, what do you expect from the Europeans in terms of opening their markets to American products?
02:24Well, they have to open up to American products.
02:26You know, we're open to European products, and we have been for forever.
02:30I don't think we have – we just about don't have any – I don't think we have any products we say you can't sell.
02:35I guess you could get a little bit cute with chips, but that's, you know, a little bit different category, too.
02:42Now, you know, Europe is very closed.
02:45We don't sell cars into Europe.
02:47We don't sell, essentially, agriculture of any great degree.
02:50They want to have their farmers do it, and they want to have their car companies do it.
02:55And I'm just – I'm not saying anything that nobody knows.
02:58We have a rough situation.
03:01If we want to sell cars in Europe, we're not allowed to.
03:03And, as you know, they sell millions and millions of cars, Mercedes, BMW, so many different – Volkswagen, so many different cars, and so many millions of cars.
03:17I would imagine, number one – I didn't look at that, but I would imagine number one by far more so than even Japan.
03:22Japan sells a lot of cars, too.
03:24But the Japan deal worked out very – you know, very good, I think.
03:28I hope for them, too.
03:31And that's what we want to do, make everybody happy.
