WEBVTT 1 00:00:00.600 --> 00:00:01.720 Turn we have today. 2 00:00:01.800 --> 00:00:04.799 You bet builders hanging boy a thread here? Relax, relax, 3 00:00:04.960 --> 00:00:07.400 they still need one more goal. Well if it loses, 4 00:00:07.480 --> 00:00:10.080 nov bets got your Cover. Nov bet is the home 5 00:00:10.119 --> 00:00:12.800 of the bet builder this World Cup. From goal scorers 6 00:00:12.800 --> 00:00:15.640 to cards, get the best value on every match, plus 7 00:00:15.720 --> 00:00:17.160 get money back as a free bat. 8 00:00:17.320 --> 00:00:18.559 If your bet builder. 9 00:00:18.239 --> 00:00:22.039 Loses on the biggest game every single day, join today 10 00:00:22.120 --> 00:00:25.079 and get seventy euros in pre bets. No be bett 11 00:00:25.480 --> 00:00:28.800 or power to You Teason Seas apply eighteen plus bet Responsibly, 12 00:00:28.839 --> 00:00:32.200 Gambling Care dot i em today. 13 00:00:32.039 --> 00:00:35.039 You bet builders hanging boy a thread here? 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Nov bet is the home 16 00:00:40.359 --> 00:00:41.079 of the bet builder. 17 00:00:41.240 --> 00:00:43.880 This World Cup, from goal scorers to cards, get the 18 00:00:43.960 --> 00:00:46.840 best value on every match, plus get money back as 19 00:00:46.880 --> 00:00:47.399 a free bat. 20 00:00:47.560 --> 00:00:48.799 If your bet builder. 21 00:00:48.479 --> 00:00:52.320 Loses on the biggest game every single day, join today 22 00:00:52.359 --> 00:00:55.200 and get seventy euros in pre bets No be beat 23 00:00:55.719 --> 00:00:58.479 or power to You Season Seas apply eighteen plus bet 24 00:00:58.520 --> 00:00:59.640 responsibly Gambling care. 25 00:00:59.640 --> 00:01:04.159 Do ie The Rush Hour with James Golden, entertaining and 26 00:01:04.439 --> 00:01:07.319 informative on the Red Apple podcast network. 27 00:01:07.439 --> 00:01:11.159 Sure welcome, my friends to the Monday edition of Boznurlies 28 00:01:11.239 --> 00:01:16.879 Rush Hour, the fastest hour in American media. So much 29 00:01:16.920 --> 00:01:19.040 to discuss today. We will get to as much of 30 00:01:19.079 --> 00:01:23.359 it as we can. There are important stories on the 31 00:01:23.400 --> 00:01:30.719 international front, especially concerning tariffs. We will get to that 32 00:01:31.239 --> 00:01:37.560 of course. Today. Also a hubbub, and the press has 33 00:01:37.640 --> 00:01:43.640 come up over the gift of the potential gift of 34 00:01:43.719 --> 00:01:48.200 a new air force one from the nation of Qatar, Qatar, 35 00:01:48.840 --> 00:01:54.439 however you wish to pronounce it. And a big announcement 36 00:01:54.480 --> 00:02:02.599 from the White House on drugs, legal drugs, the drugs 37 00:02:02.599 --> 00:02:10.520 that you get a prescription for. Democrats liberals are not happy. 38 00:02:11.280 --> 00:02:16.439 They never are. But I looked through the pages of 39 00:02:16.479 --> 00:02:21.919 the New York Times and the Washington Post today to 40 00:02:22.039 --> 00:02:26.759 see exactly what they be exuberant over information that was 41 00:02:26.960 --> 00:02:34.560 announced this morning, which was concerning tariff. You will remember 42 00:02:34.599 --> 00:02:40.199 the hysteria. It is not hard to remember it. It 43 00:02:40.240 --> 00:02:46.159 was mere weeks ago, the hysteria. In fact, this goes 44 00:02:46.199 --> 00:02:49.360 against everything I told you to set up, Carlos. But 45 00:02:49.599 --> 00:02:56.879 let's visit Elizabeth Warren cut number twelve on your cue sheet, 46 00:02:58.319 --> 00:03:01.639 and this was less than a month ago. She was 47 00:03:01.680 --> 00:03:06.159 with Jimsucki. And this is what Elizabeth Warren Cina twelve 48 00:03:06.199 --> 00:03:10.800 of the United States of America said to Jimsuckie, former 49 00:03:11.520 --> 00:03:14.680 mouthpiece for the Biden administration, comes in. 50 00:03:14.639 --> 00:03:18.879 And basically starts the dumbest trade war in the history 51 00:03:19.000 --> 00:03:22.039 of this country. This is going to be about potentially 52 00:03:22.120 --> 00:03:25.319 millions of people losing their jobs. It's going to be 53 00:03:25.360 --> 00:03:29.159 about millions of people losing their savings, many of people 54 00:03:29.199 --> 00:03:33.599 losing their retirement security, and at the same time taking 55 00:03:33.639 --> 00:03:38.479 on even higher costs for everything they buy. So that's 56 00:03:38.520 --> 00:03:44.520 going to push us in potentially to foreclosures or people 57 00:03:44.560 --> 00:03:48.719 being pushed out of their apartments. You know, I remember 58 00:03:48.759 --> 00:03:52.560 this from two thousand and eight and how long it 59 00:03:52.680 --> 00:03:56.400 took us to dig our way out, And to this day, 60 00:03:56.879 --> 00:04:02.560 there are families, there are communities that haven't recovered. Recessions 61 00:04:02.639 --> 00:04:06.120 can be those fancy charts and graphs, but at the 62 00:04:06.199 --> 00:04:09.479 end of the day, people feel that one person at 63 00:04:09.479 --> 00:04:11.479 a time, and they can be devastated. 64 00:04:12.599 --> 00:04:16.079 They can be devastating, and it's going to be horrible. 65 00:04:16.399 --> 00:04:18.639 People are going to be pushed out of their apartment. 66 00:04:19.680 --> 00:04:22.079 Have you been pushed out of your apartments or your house? 67 00:04:22.160 --> 00:04:24.959 Carlos is anybody coming and taking you out because the 68 00:04:25.000 --> 00:04:26.959 tariffs just push you out to get. 69 00:04:26.800 --> 00:04:27.319 In the street. 70 00:04:28.000 --> 00:04:30.360 No, we're good, so far, so good, Oh. 71 00:04:30.240 --> 00:04:34.439 Good, okay, good. M American pissiness says it's gonna be 72 00:04:34.439 --> 00:04:38.439 wiped out. It's gonna This is the dumbest, the dumbest 73 00:04:39.040 --> 00:04:43.199 trade war in American history. It's the dumbest. 74 00:04:43.839 --> 00:04:47.160 And of course Jensaki last week we played the clip 75 00:04:47.680 --> 00:04:51.319 Jensaki was mocking he likes to call himself that he 76 00:04:51.480 --> 00:04:55.319 likes toquire himself the dealmaker. But so far, not one 77 00:04:55.519 --> 00:05:01.040 deal with anybody. And within hours, with the hours of 78 00:05:01.079 --> 00:05:06.360 her trying to mock President Trump for making no deals, 79 00:05:07.639 --> 00:05:11.800 we got a new trade deal with Great Britain, which 80 00:05:12.040 --> 00:05:18.160 will benefit American farmers and American business is because they 81 00:05:18.480 --> 00:05:24.040 will be allowed to trade their goods in Britain, a 82 00:05:24.160 --> 00:05:29.040 nation that has been free to traffic their goods to 83 00:05:29.199 --> 00:05:33.759 Americans for decades. So, now are you This is the 84 00:05:33.879 --> 00:05:38.160 dunniest trade deal. This is the tunis trade deal in 85 00:05:38.360 --> 00:05:48.600 American history. They're actually the dynist well cut for Donald Trump. 86 00:05:49.079 --> 00:05:51.560 The biggest thing that we're discussing is the opening up shine, 87 00:05:51.639 --> 00:05:54.079 and they've agreed to do that. But it's going to 88 00:05:54.120 --> 00:05:57.000 take a while to paper it. You know, that's not 89 00:05:57.240 --> 00:06:00.680 the easiest thing to paper. But that's the single I 90 00:06:00.720 --> 00:06:03.319 think to me. Some people would disagree. Some people would 91 00:06:03.319 --> 00:06:05.399 say we're getting a lot of money with tariffs or whatever. 92 00:06:05.480 --> 00:06:08.120 But you know, especially when you add what we already have, 93 00:06:08.240 --> 00:06:12.519 because remember we're already getting the fifty percent on steel 94 00:06:12.600 --> 00:06:16.920 and different things. That's not included in these numbers, so 95 00:06:16.959 --> 00:06:19.399 you can add that. But but the biggest thing to 96 00:06:19.439 --> 00:06:21.040 me is the opening up. It would be I think 97 00:06:21.040 --> 00:06:23.319 it would be fantastic for our businesses if we could 98 00:06:23.360 --> 00:06:27.040 go in and compete and compete with China. It would 99 00:06:27.079 --> 00:06:29.000 be a lot of jobs for China. It would be 100 00:06:29.800 --> 00:06:31.600 I think at a time when they can frankly use 101 00:06:31.639 --> 00:06:35.480 the jobs. And that's what we're talking about. So that's 102 00:06:35.519 --> 00:06:40.600 a very very important element to add. So when Scott 103 00:06:42.199 --> 00:06:45.439 I watched him speak the other day, and I think 104 00:06:45.439 --> 00:06:46.839 he didn't want to say it, but I said, it's 105 00:06:46.879 --> 00:06:48.319 okay to say it. Look, if we don't get it, 106 00:06:48.319 --> 00:06:49.680 we don't get it. But if we don't get it, 107 00:06:49.680 --> 00:06:52.480 it won't be a positive thing. But if we do 108 00:06:52.519 --> 00:06:56.199 get it, I think it's maybe the most important thing 109 00:06:56.279 --> 00:06:58.519 to happen because if you think about it, we opened 110 00:06:58.600 --> 00:07:01.680 up our country to China, we don't. I mean, they 111 00:07:01.720 --> 00:07:05.240 have very few restrictions, and they didn't open their country 112 00:07:05.279 --> 00:07:05.720 to us. 113 00:07:05.720 --> 00:07:07.319 Never made sense to me. It's not fair. 114 00:07:08.240 --> 00:07:12.279 And they've agreed to open China, fully open China, and 115 00:07:12.959 --> 00:07:14.879 I think it's going to be fantastic for China. I 116 00:07:14.920 --> 00:07:17.199 think it's going to be fantastic for US, and I 117 00:07:17.199 --> 00:07:20.040 think it's going to be great for unification and peace. 118 00:07:21.639 --> 00:07:26.279 Now, Caroline Levitt, the White House Press Secretary and also 119 00:07:26.519 --> 00:07:30.519 the Economic Council Director Kevin Hassett, spoke to the media. 120 00:07:30.720 --> 00:07:34.759 Hassett was unseen in Kroen. Levitt spoke to reporters. Let's 121 00:07:34.800 --> 00:07:38.839 go cut to Carolyn Levitt on Fox News discussed what 122 00:07:39.040 --> 00:07:42.759 has taken place with China right now, Ladies and gentlemen, 123 00:07:43.639 --> 00:07:47.839 China and the United States have agreed to defuse quote 124 00:07:47.879 --> 00:07:51.319 unquote the trade war. That diffuse term comes from the 125 00:07:51.600 --> 00:07:55.680 New York Times. So defuse the trade war between the 126 00:07:55.680 --> 00:07:59.839 world's two largest economies. Temporarily, they're going to reduce tariffs. 127 00:08:00.319 --> 00:08:04.079 Our tariffs on China will be thirty percent thirty percent 128 00:08:04.240 --> 00:08:07.319 of Chinese good. China is going to charge ten percent 129 00:08:07.480 --> 00:08:12.319 tariffs on American goods coming in. There are fewer American 130 00:08:12.360 --> 00:08:17.120 goods much many fewer right now going into China. So 131 00:08:17.199 --> 00:08:21.959 to help make up the trade imbalance, we will be 132 00:08:22.040 --> 00:08:26.600 for the foreseeable future until this deal that is being 133 00:08:27.240 --> 00:08:30.120 that has been agreed to but not worked out in paper, 134 00:08:30.279 --> 00:08:32.440 not being paper. There's a lot of things that still 135 00:08:32.480 --> 00:08:37.080 have to be negotiated through it apparently, but until that happens. 136 00:08:37.720 --> 00:08:39.879 Right now, instead of these one hundred and forty five 137 00:08:39.919 --> 00:08:42.320 percent tariffs that we have on them, and they're they're 138 00:08:42.879 --> 00:08:45.600 they're tariffs on hours one hundred and twenty five percent. 139 00:08:45.720 --> 00:08:49.360 Right now, it's almost back to what a normal trade 140 00:08:49.399 --> 00:08:53.120 relationship would be. We're charging a thirty percent tariffs on 141 00:08:53.360 --> 00:08:56.000 on China's good which is which is an improvement, and 142 00:08:56.039 --> 00:08:59.639 they will be charging at ten percent on ours. And 143 00:09:00.000 --> 00:09:02.080 Trump said, look, we're not looking to hurt China. We 144 00:09:02.320 --> 00:09:07.399 just want a fair deal. So right now now, of course, 145 00:09:07.480 --> 00:09:09.639 the New York Times and the rest of the media 146 00:09:09.759 --> 00:09:11.759 just can't report this and say, wow, this is great. 147 00:09:12.279 --> 00:09:17.120 Despite the White House's bluster, the Trump administration backed off 148 00:09:17.279 --> 00:09:20.039 now from it. Steve I. Tais, this is part of 149 00:09:20.080 --> 00:09:26.080 a negotiation despite the bluster, Donald Trump's has stood firm 150 00:09:26.159 --> 00:09:30.960 with China. No other nation has, no other president has, 151 00:09:31.759 --> 00:09:36.080 Your precious Joe Biden didn't do it. In fact, in fact, 152 00:09:36.240 --> 00:09:42.360 not only didn't Joe Biden do it, there is do 153 00:09:42.679 --> 00:09:44.399 I wonder if we do have that in here with 154 00:09:44.440 --> 00:09:50.039 Scott Bessen talking about the way that China abused the 155 00:09:50.200 --> 00:09:55.080 United States with Joe Biden because they didn't they knew 156 00:09:55.120 --> 00:09:58.919 Joe Biden wasn't going to enforce the deal, so what 157 00:09:59.000 --> 00:10:03.720 do they do? They took total advantage of the United 158 00:10:03.799 --> 00:10:11.759 States during the Biden years purposefully. But despite that, let's 159 00:10:11.799 --> 00:10:15.679 get to Caroline Levit and then right back to back. 160 00:10:16.120 --> 00:10:18.320 That's number two and number three, and then we'll hear 161 00:10:18.360 --> 00:10:23.000 from National Economic Council Director Kevin Hasset, who was on CNN. 162 00:10:23.399 --> 00:10:25.840 So let's start with Caroline Levitt today. 163 00:10:25.840 --> 00:10:28.679 First off, your reaction and what could you tell us 164 00:10:28.679 --> 00:10:31.759 about the China deal that has tariffs dropping from one 165 00:10:31.879 --> 00:10:35.279 hundred and forty five one twenty five respectively to thirty 166 00:10:35.480 --> 00:10:36.000 and ten. 167 00:10:36.440 --> 00:10:39.840 This is an extraordinary first step in the right direction, 168 00:10:40.279 --> 00:10:43.279 and thanks to the strength of President Trump, Secretary Bessant 169 00:10:43.360 --> 00:10:46.919 and Ambassador Greer were able to cut this initial deal 170 00:10:47.000 --> 00:10:50.000 with China, China agreed to reduce their tariffs on the 171 00:10:50.080 --> 00:10:53.639 United States by one hundred and fifteen percent. They also 172 00:10:53.720 --> 00:10:57.919 agreed to continue having discussions about opening Chinese markets to 173 00:10:58.000 --> 00:11:00.960 American made products and goods. And then I also agreed 174 00:11:01.000 --> 00:11:05.039 to continue seriously discussing the grave impact that Chinese produced 175 00:11:05.039 --> 00:11:07.799 fetanol is having right here in the United States and 176 00:11:07.840 --> 00:11:10.399 our people. So this is a great first step for 177 00:11:10.440 --> 00:11:13.600 the American public and Secretary Best, Ambassador Greer, and of 178 00:11:13.600 --> 00:11:17.080 course President Trump will continue negotiations with China so we 179 00:11:17.080 --> 00:11:21.159 can hopefully inevitably get to a fair and comprehensive big 180 00:11:21.200 --> 00:11:21.759 trade deal. 181 00:11:22.840 --> 00:11:25.240 What has to happen is it has to be fair 182 00:11:25.320 --> 00:11:30.080 in people. But in January twenty twenty, this Trump produced 183 00:11:30.159 --> 00:11:36.639 a template. We had a trade agreement with China, and 184 00:11:36.679 --> 00:11:40.240 the Biden administration chows not to enforce it. I believe 185 00:11:40.360 --> 00:11:44.600 Chinese delegation basically told us that once President Biden came 186 00:11:44.639 --> 00:11:49.559 into office, they just ignored their obligations. So we all 187 00:11:49.639 --> 00:11:54.039 already have a large framework. The other thing to remember here, Jonathan, 188 00:11:54.559 --> 00:11:58.080 is that this is a pause down to ten percent. 189 00:11:58.759 --> 00:12:03.320 The April second level for China is thirty four percent. 190 00:12:03.919 --> 00:12:09.080 So we will be working to see where their final 191 00:12:09.159 --> 00:12:14.440 reciprocal number ends up. And the negotiations are a combination 192 00:12:14.720 --> 00:12:20.279 of tariffs, non tariff trade barriers, currency manipulation, and subsidies 193 00:12:20.600 --> 00:12:22.399 of labor and capital. 194 00:12:23.240 --> 00:12:26.759 Hold it right there for a second. This is so comprehensive, folks. 195 00:12:27.759 --> 00:12:31.559 The intellectual property issue is still being discussed. The fentanyl 196 00:12:32.159 --> 00:12:36.480 is on the table. Donald Trump and his administration are 197 00:12:36.519 --> 00:12:41.600 resetting our entire relationship with China. They are doing more 198 00:12:41.639 --> 00:12:43.879 than that, because when you get to what happened with 199 00:12:43.919 --> 00:12:47.399 the pharmaceuticals today, this is a huge day. We have 200 00:12:47.639 --> 00:12:52.240 never seen a day like this with an economic reset 201 00:12:53.440 --> 00:12:56.480 with not just China, but with the European Union, the 202 00:12:56.679 --> 00:13:00.759 entire European Union when it comes to the issue of pharmaceuticals, 203 00:13:00.759 --> 00:13:05.480 and that's important. This is Donald Trump is resetting the 204 00:13:05.759 --> 00:13:10.759 entire American economy. And you have people, these little ankle 205 00:13:10.879 --> 00:13:16.000 biters like Senator Warren. Did you think, damn, it's je dealing. 206 00:13:16.320 --> 00:13:19.919 This woman doesn't even understand. Apparently, what is happening on 207 00:13:20.039 --> 00:13:23.159 the world stagent with our country. Very quickly, before we 208 00:13:23.240 --> 00:13:27.039 head to a break, National Economic Council Director Kevin has 209 00:13:27.120 --> 00:13:28.159 to I think it's. 210 00:13:28.080 --> 00:13:30.440 Actually quite similar to the things that we've been seeing 211 00:13:30.440 --> 00:13:33.519 in the other negotiations. We actually have a fresh start 212 00:13:33.519 --> 00:13:36.000 with China. That's the way to think about these negotiations 213 00:13:36.080 --> 00:13:40.679 that we've come in with these reciprocal tariffs. We've described 214 00:13:40.919 --> 00:13:45.039 the non tiff farriers and tariffs, the disadvantage American workers 215 00:13:45.399 --> 00:13:48.120 and folks are coming to the table, and it's really 216 00:13:48.200 --> 00:13:51.600 stunning how quickly they're moving and how dramatic the changes are. 217 00:13:51.639 --> 00:13:54.600 Imagine we're selling beef in the UK again and China 218 00:13:54.639 --> 00:13:57.879 has the ten percent tariff recipical tariff that we're charging 219 00:13:57.919 --> 00:14:01.159 the UK. All of this has happened because President Trump's leadership. 220 00:14:01.159 --> 00:14:03.639 He's shown people that, look, we're not going to stand 221 00:14:03.879 --> 00:14:07.360 for this ridiculous behavior that we've been observing over the years. 222 00:14:07.600 --> 00:14:09.480 But then people come in and say, ah, yeah, you 223 00:14:09.519 --> 00:14:11.600 got us, and then they work out something that's good 224 00:14:11.639 --> 00:14:14.039 for both countries. And so I think it's really a 225 00:14:14.240 --> 00:14:17.240 very historic fresh start in the relationship between the US 226 00:14:17.279 --> 00:14:19.840 and China. Given how much movement there was over the. 227 00:14:19.799 --> 00:14:29.159 Weekends, chg did chade where he's three. China has taken 228 00:14:29.279 --> 00:14:32.919 advantage of America since the days of Bill Clinton, when 229 00:14:32.960 --> 00:14:37.159 they entered the World Trade Organization. One president is putting 230 00:14:37.159 --> 00:14:41.279 a stop to it. Bush forty one didn't do anything 231 00:14:42.080 --> 00:14:46.039 when he was in office. That was before wto Clinton. 232 00:14:47.480 --> 00:14:52.279 Bush forty three didn't solve this issue. Obama two terms 233 00:14:52.480 --> 00:14:57.159 didn't solve this issue. Trump made great progress the first time. 234 00:14:57.240 --> 00:14:59.559 Then Biden came in, and you heard them. When Biden 235 00:14:59.600 --> 00:15:03.200 came in, we completely ignored him. And now Trump is 236 00:15:03.240 --> 00:15:07.000 back again. And it is on James Golden Slowly keep 237 00:15:07.000 --> 00:15:11.000 it right here. It is the Monday edition of both 238 00:15:11.039 --> 00:15:12.320 Early's Rush Hour. 239 00:15:12.960 --> 00:15:16.399 The Rush Hour with James Golden on the Red Apple 240 00:15:16.559 --> 00:15:18.120 Podcast Network. 241 00:15:21.559 --> 00:15:22.879 The Rush Hour with. 242 00:15:23.039 --> 00:15:28.279 James Golden Entertaining and Informative on the Red Apple Podcast Network. 243 00:15:30.039 --> 00:15:34.879 James Goland slowly was I say, okay, quickly cut one 244 00:15:34.919 --> 00:15:39.879 as much as we can. We can't. We'll start it, 245 00:15:40.360 --> 00:15:42.360 start it, and we'll figure it out when we get 246 00:15:42.360 --> 00:15:43.120 back on the other side. 247 00:15:43.279 --> 00:15:46.159 Starting today, the United States will no longer subsidize the 248 00:15:46.240 --> 00:15:49.639 healthcare of foreign countries, which is what we were doing. 249 00:15:49.639 --> 00:15:53.559 We're subsidizing others healthcare countries where they paid a small 250 00:15:53.639 --> 00:15:57.799 fraction of what for the same drug that what we 251 00:15:57.879 --> 00:15:59.519 pay many many times more for. 252 00:16:00.159 --> 00:16:01.120 And we're no longer. 253 00:16:01.759 --> 00:16:06.360 Paving right there. Focus was a huge day. This executive 254 00:16:06.600 --> 00:16:13.559 order dealing with pharmaceuticals is incredible and it exposed to 255 00:16:13.799 --> 00:16:17.080 why other nations have been paying cheaper costs than ours. 256 00:16:17.600 --> 00:16:19.600 Whatever you do, don't go away, stay right here. 257 00:16:21.240 --> 00:16:24.679 The Rush Hour with James Golden on the Red Apple 258 00:16:24.840 --> 00:16:25.919 Podcast Network. 259 00:16:29.440 --> 00:16:34.159 The Rush Hour with James Golden entertaining and informative on 260 00:16:34.240 --> 00:16:36.159 the Red Apple Podcast Network. 261 00:16:37.080 --> 00:16:45.000 Yes, the fastest hour in American media's rush hour. 262 00:16:46.399 --> 00:16:49.519 But starting today, the United States will no longer subsidize 263 00:16:49.519 --> 00:16:53.039 the healthcare of foreign countries, which is what we were doing. 264 00:16:53.080 --> 00:16:56.960 We're subsidizing others' healthcare countries where they paid a small 265 00:16:57.039 --> 00:17:01.159 fraction of what for the same drug that what we 266 00:17:01.279 --> 00:17:04.440 pay many, many times more for. And we're no longer 267 00:17:04.480 --> 00:17:09.119 tolerate profiteering and price gouging from big Pharmer. But again, 268 00:17:09.839 --> 00:17:13.920 it was really the countries that forced big Farmer to 269 00:17:14.000 --> 00:17:17.200 do things that frankly, I'm not sure they really felt 270 00:17:17.200 --> 00:17:19.119 comfortable doing, but they've gotten away with it. 271 00:17:19.200 --> 00:17:19.799 These countries. 272 00:17:19.880 --> 00:17:25.000 European Union has been brutal, and the drug companies actually 273 00:17:25.000 --> 00:17:27.319 told me, sir is, it was just brutal how they 274 00:17:27.359 --> 00:17:34.960 forced them and European Union suing all our companies, Apple, Google, Meta, 275 00:17:35.240 --> 00:17:37.200 They're suing all of our companies. 276 00:17:37.240 --> 00:17:39.680 They end up they have judges that are. 277 00:17:41.279 --> 00:17:49.039 European Union centric and they get rewarded fifteen billion, seventeen billion, 278 00:17:49.200 --> 00:17:53.519 twenty billion, and they use that to run their operation. 279 00:17:54.599 --> 00:17:56.680 Not going to happen any longer, that I can tell. 280 00:17:56.559 --> 00:18:03.000 You, Yeah, not going to happen any longer. Well why 281 00:18:03.039 --> 00:18:04.960 are we paying? And when you hear this, it's like, well, 282 00:18:04.960 --> 00:18:09.640 wait a minute, what is he talking about? Why is 283 00:18:09.680 --> 00:18:17.480 he talking about the European Union with our drugs? Well, 284 00:18:19.720 --> 00:18:23.559 there's a story he told. Listen to this. It's cut six. 285 00:18:23.960 --> 00:18:27.440 Check out this story from today's press conference. 286 00:18:27.640 --> 00:18:28.640 I mean, I'll tell you a story. 287 00:18:28.680 --> 00:18:33.440 Friend of mine who's a business man, very very very 288 00:18:33.759 --> 00:18:34.240 top guy. 289 00:18:34.279 --> 00:18:35.519 Most of you would have heard of him. 290 00:18:36.119 --> 00:18:42.559 A highly neurotic, brilliant businessman, seriously overweight, and he takes 291 00:18:42.599 --> 00:18:47.240 the fat the fat shot drug. And he called me 292 00:18:47.319 --> 00:18:51.000 up and he said President. 293 00:18:51.039 --> 00:18:53.720 He used to call me Donald. Now he calls me president. 294 00:18:53.799 --> 00:18:56.319 So that's nice respect. But it's a rough guy, smart guy, 295 00:18:57.920 --> 00:18:59.559 very successful, very rich. 296 00:19:00.000 --> 00:19:01.640 I wouldn't even know how we would know this, but 297 00:19:01.720 --> 00:19:04.039 because he's got comments the President, Could I ask. 298 00:19:03.880 --> 00:19:04.359 You a question. 299 00:19:04.480 --> 00:19:08.079 What I'm in London and I just paid for this 300 00:19:08.240 --> 00:19:09.759 damn fat drug I take. 301 00:19:10.039 --> 00:19:13.480 I said, it's not working, he said, He. 302 00:19:13.519 --> 00:19:18.640 Said, I just paid eighty eight dollars and in New 303 00:19:18.720 --> 00:19:20.920 York I paid thirteen hundred dollars. 304 00:19:20.960 --> 00:19:22.480 What the hell is going on? 305 00:19:25.039 --> 00:19:28.799 Yeah, And what's going on is that we have been 306 00:19:28.960 --> 00:19:34.160 subsidizing these healthcare costs for the rest of the world. 307 00:19:34.480 --> 00:19:39.160 Go to cut eight. Listen further, Donald Trump today. 308 00:19:39.160 --> 00:19:41.279 So for the first time in many years, we'll slash 309 00:19:41.319 --> 00:19:44.440 the costs of prescription drugs, and we will bring fairness 310 00:19:44.440 --> 00:19:49.799 to America. Drug prices will come down by much more. Really, 311 00:19:49.839 --> 00:19:52.359 if you think fifty nine, if you think of a 312 00:19:52.440 --> 00:19:56.720 drug that is sometimes ten times more expensive, it's much 313 00:19:56.759 --> 00:19:59.519 more than the fifty nine percent. You know, it depends 314 00:19:59.559 --> 00:20:00.960 on the way you I want to analyze it, but 315 00:20:01.079 --> 00:20:03.440 in one way, you could analyze it that way. But 316 00:20:03.559 --> 00:20:06.839 between fifty nine and eighty and I guess even ninety percent. 317 00:20:08.079 --> 00:20:11.759 So when I worked so hard in the first term, 318 00:20:11.799 --> 00:20:13.960 and if I got prices down, I remember I was 319 00:20:14.000 --> 00:20:15.839 the only one to ever get prices down for a 320 00:20:15.839 --> 00:20:16.400 full year. 321 00:20:16.920 --> 00:20:18.720 But I get them down like two percent, and I 322 00:20:18.720 --> 00:20:20.480 thought it was like a big deal. Well we're getting 323 00:20:20.519 --> 00:20:21.119 them down. 324 00:20:22.440 --> 00:20:26.920 Sixty seventy eighty ninety percent, but actually more than that 325 00:20:27.000 --> 00:20:30.880 if you think about it in the way mathematically, and 326 00:20:31.559 --> 00:20:35.960 farmer has to say, we're sorry, but we'll not be 327 00:20:36.039 --> 00:20:38.599 able to do this any longer. To these to these 328 00:20:38.799 --> 00:20:42.680 countries that have been so tough, they've been very tough, nasty. 329 00:20:43.319 --> 00:20:43.920 It's trade. 330 00:20:44.279 --> 00:20:49.279 It's trade, and farmer is also very powerful, and the 331 00:20:49.319 --> 00:20:50.920 Democrats have protected farmer. 332 00:20:52.680 --> 00:20:57.519 Now, Robert F. Kennedy, who was with him, in fact, 333 00:20:57.839 --> 00:21:00.160 the whole department pretty much was with Donald Trump. He 334 00:21:00.240 --> 00:21:04.279 made this announcement today, but R. F. Kennedy spoke and 335 00:21:04.680 --> 00:21:08.640 this is cuttline what RFK had to say about what 336 00:21:08.720 --> 00:21:12.039 has taking place today with the pharmaceutical industry in the 337 00:21:12.079 --> 00:21:15.319 executive order on slashing farmer prices. 338 00:21:15.359 --> 00:21:20.960 Here, thank you much, the President. This is this is 339 00:21:21.000 --> 00:21:24.119 an extraordinary day. This is an issue that you know, 340 00:21:24.200 --> 00:21:27.480 I grew up in the Democratic Party, and every major 341 00:21:27.559 --> 00:21:30.680 Democratic leader for twenty years been making this promise. The 342 00:21:30.720 --> 00:21:35.519 American all this was the fulcrum of Bernie Sanders runs 343 00:21:35.559 --> 00:21:38.640 for presidency that he was going to eliminate this discrepancy 344 00:21:39.559 --> 00:21:43.680 between Europe and the United States. As it turns out, 345 00:21:44.359 --> 00:21:46.119 none of them are doing. And it's one of these 346 00:21:46.160 --> 00:21:50.920 promises that politicians make to their constituents knowing that they'll 347 00:21:50.920 --> 00:21:52.720 never have to do it. And the reason they'll never 348 00:21:52.839 --> 00:21:56.480 have to do it is because they know that Congress 349 00:21:56.519 --> 00:22:00.279 is controlled in so many ways by the pharmaceutical industry. 350 00:22:01.160 --> 00:22:05.039 Here's at least one pharmaceutical lobbyist for every Congressman, every 351 00:22:05.079 --> 00:22:07.640 senator in Capitol Hill, and every member of the Supreme Court. 352 00:22:08.519 --> 00:22:13.720 I summ asked us three pharmaceutical company's. The industry itself 353 00:22:13.799 --> 00:22:20.039 spends three times what the next largest lobbyist spends on lobbying. 354 00:22:20.359 --> 00:22:23.680 So this was a This was an issue that people 355 00:22:23.720 --> 00:22:27.960 talked about, but nobody wanted to do anything because it 356 00:22:28.079 --> 00:22:31.079 was radioactive. They knew you couldn't get by Congress. We 357 00:22:31.160 --> 00:22:35.480 now have a president who is a man of his word, 358 00:22:36.200 --> 00:22:39.960 who has the courage. President Trump was taking money from 359 00:22:39.960 --> 00:22:42.160 the pharmaceutical industry too. I think they gave you one 360 00:22:42.200 --> 00:22:46.720 hundred million dollars. But he can't be bought, unlike most 361 00:22:46.720 --> 00:22:50.720 of the politicians in this country, and he is standing 362 00:22:50.759 --> 00:22:52.000 here for the American people. 363 00:22:52.839 --> 00:22:54.000 I don't know what you know. 364 00:22:54.039 --> 00:22:59.079 There's there's writers like Lord Elizabeth Warren or Robert Reich 365 00:22:59.160 --> 00:23:01.440 who are saying President Trump is on this side of 366 00:23:01.440 --> 00:23:05.279 the Olic arcs. There has never been a president more 367 00:23:05.359 --> 00:23:09.880 willing to stand up to the Olic arcs than President 368 00:23:09.960 --> 00:23:13.839 Donald Trump. And I'm very, very proud of you, mister President, 369 00:23:13.880 --> 00:23:18.240 for your courage. For I'll say, because I don't want 370 00:23:18.279 --> 00:23:22.920 to be crude, you're intestinal fortitude, your stiff the spine, 371 00:23:23.839 --> 00:23:27.319 and your your willingness to stand up for the American people. 372 00:23:28.119 --> 00:23:30.440 We have four point two percent of the world's population. 373 00:23:31.480 --> 00:23:37.359 We our country represents seventy five percent of the revenues 374 00:23:37.400 --> 00:23:41.759 for pharmaceutical companies. We men with our country eleven one 375 00:23:41.839 --> 00:23:47.640 hundred and twenty six dollars per capita on drugs. In Britain, 376 00:23:47.720 --> 00:23:50.640 they spent about two hundred and forty. They spend one 377 00:23:50.759 --> 00:23:54.160 fifth of what we do. And this is true across 378 00:23:54.240 --> 00:23:58.880 Europe and the drug company's Europeans if you ask them, 379 00:23:58.880 --> 00:24:01.920 it made no sense what they're saying. America has to 380 00:24:01.920 --> 00:24:04.480 pay for this innovation or it's not going to happen. 381 00:24:05.640 --> 00:24:09.720 President Trump is saying to our European partners is you've 382 00:24:09.720 --> 00:24:11.680 got to raise the amount that you're paying for those 383 00:24:11.759 --> 00:24:14.079 drugs and pay for your share of the innovation. 384 00:24:15.119 --> 00:24:15.640 Oh that the. 385 00:24:15.640 --> 00:24:17.759 United States is no longer subsidized. 386 00:24:17.759 --> 00:24:21.599 Sorry, there's where it is all happening, right, This is 387 00:24:21.720 --> 00:24:25.920 part of the tariff negotiations. You have to pay higher 388 00:24:25.960 --> 00:24:30.519 prices on drugs. We have to lower our prices. America 389 00:24:30.559 --> 00:24:35.079 has been paying. Did you hear that seventy five percent 390 00:24:35.200 --> 00:24:39.160 of the money Big Farmer makes comes from America. Meanwhile, 391 00:24:39.480 --> 00:24:41.960 all of these tax breaks get sent over to the 392 00:24:42.000 --> 00:24:45.359 European Union they demand them, and our politicians have been 393 00:24:45.400 --> 00:24:50.799 standing here doing nothing while we pay for the innovations 394 00:24:50.799 --> 00:24:53.119 of all of these drugs and the rest of the 395 00:24:53.160 --> 00:24:56.680 world benefits. And then you hear people like Elizabeth warning 396 00:24:56.880 --> 00:24:59.720 just think the Dyni's trade war. Ever, this is the 397 00:25:00.119 --> 00:25:07.079 miss trade wherever this woman? Oh my god. Look, this 398 00:25:07.640 --> 00:25:13.240 is major everything that this Trump administration is doing. And 399 00:25:13.319 --> 00:25:19.319 today is a blockbuster day. Taking on China, successfully taking 400 00:25:19.440 --> 00:25:23.160 on the European Union, and the way that they have 401 00:25:23.319 --> 00:25:30.880