Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Let's get to John Decker right now at the White House.
He is also the Washington correspondent as well as the
woor White House correspondent. John, good morning to you, A
big morning, this morning.
Speaker 2 (00:13):
Big morning, this morning. The President putting out on social
media that a trade deal has been reached with the UK.
This is the first country of all the countries that
have reached out to the US that has reached a
trade deal with the United States. It should be noted, Larry,
that the UK actually has a trade deficit with the US.
We are actually on favorable terms. We have a trade
(00:35):
surplus with the UK. And yet that is the first
country that's reached a trade deal with the United States
of America.
Speaker 1 (00:42):
So what does this mean? I know that you were
part of the press corps that was asking him constantly,
when is going to be the first trade deal? When's
this going to happen? You keep talking about a trade deal?
What's going to happen? This relieves a little bit of
that pressure. But this is only one of a lot.
Are there more in the pipeline? Do we know? Do
(01:03):
we expect more after this? Is it easier to get
trade deals once one happens?
Speaker 2 (01:08):
Well? I think it's it's easier to get ones done
with countries with which we have a trade surplus. It's
going to be more difficult to have trade deals done
with countries in which we have a trade deficit. That's China,
our third largest trading partner, that's India, that's Canada. You know,
all of those countries have trade deficits. I'm sorry, trade
(01:33):
deficits as it relates to the United States, and I
think that that will be difficult. But look, the President
perhaps hinting at a trade deal when he said about
a big announcement coming, Maybe this is the one he's
referring to Thursday, Friday, or Monday before he heads out
on this Middle East trip. But this is obviously good news.
You know, it's one, but as you point out, Larry,
(01:53):
it's one of many. It's one of dozens upon dozens
of countries that, according to the White House, have reached
out to the Trump administration to try to reach a
trade deal and lower their trade Tariffrey.
Speaker 1 (02:07):
Yeah, I heard some speculation via some financial analysts talking
about this trade deal because they assumed it was either
going to be UK or India at the time. And
now you're saying it is the United Kingdom, and their
speculation was this may not have any effect on China.
This may not have any effect on many countries around
(02:27):
the world, but it certainly could have an effect on
the EU countries. Are you hearing that?
Speaker 2 (02:34):
I'm not hearing that, you know, I was. Actually I
was with the EU ambassador to the United States last night.
She did not hint anything to me about any trade
deal forthcoming with the United States. There is a meeting,
the first meeting that will take place this week in
Switzerland between the United States and China. It will involve
(02:55):
China's top trade representative as well as our Treasury Secretary,
Scott Bessett, as well as the USTR, the US trade representative.
That's a good start. But the President said yesterday when
asked about this meeting, he does not anticipate bringing down
that one hundred and forty five percent tariff rate on
Chinese goods coming into the US, even after this meeting
(03:18):
takes place.
Speaker 1 (03:19):
Yeah, what did he say and tell me if this
is if this is accurate, because he was kind of
riffing at the time. He said, if I do nothing,
we're save we save a trillion dollars because we we
had such a deficit with China that we would actually
make money by not doing anything. Does that make any sense?
Speaker 2 (03:39):
Well to me, it doesn't, you know. He's also, as
you know, Larry's spoken about this idea of the container
ships are turning around. He's referring to the Chinese container
ships they're turning around midway in the Pacific because of
the teriffs. Well, I don't see how that's a good thing,
because those goods are not coming to America Number one, Larry,
(03:59):
and number too, we're not getting any of the tariffs
associated with those goods. So it's to me, my view
of it, I don't think it's a good thing if
those container ships, which contain so many US goods and
products that we use every day, are turning around, as
the President has spoken about quite a bit over the
last few days.
Speaker 1 (04:20):
I would love to hear your thoughts on the meeting
with the new Prime Minister of Canada, Carney, because it
was fascinating to me that the two of them seemed
to get along, They seemed like they like each other,
and yet they kept talking tough about tariffs, and they
were very blunt, especially Donald Trump. Many times he was
(04:41):
very blunt to Prime Minister Carney, so it was difficult
to get a read on what exactly happened. What were your.
Speaker 2 (04:48):
Thoughts, Well, I was in the room for that meeting.
I was in the Oval office for that meeting. I
thought it was all smiles. You saw that as well
if you were watching it on television. I thought it
was a good meeting in terms of breaking bread, so
to speak. Larry, it was the first time the President
Trump and Prime Minister Carney were meeting each other. I
(05:10):
thought they got along well. But as you heard, you know,
as it relates to that issue that the President has
brought up quite a few times, the idea of Canada
as a fifty first date, prime Minister Karney said, it's
never ever going to happen. And you heard the President
say never, say never, and then the Prime Minister said never, never, never.
But in any case, I thought they got along well.
(05:32):
And it strikes me that's the way if you're a
world leader, you come in and you speak to the
president respectfully. If there's an issue that comes up that
impacts your country, you defend your country, and that's what
Carney did. But I thought the President and the new
Prime Minister got along very well, at least the public
portion that we were in the Oval office for. I
(05:52):
don't know what happened behind closed doors.
Speaker 1 (05:54):
I saw a report on Canadian television that I thought
was fascinating when they said Donald Trump seems to be
playing into a secessionist movement already taking place in Canada.
I wasn't aware how big the secessionist movement was or
how real it is, but apparently it's been going on
for years, and there's some talks in some of the
(06:18):
provinces like Yukon and other places that maybe just maybe
they would want to break away.
Speaker 2 (06:27):
Well, I'm not really that familiar with Canadian politics. I
can recall a few years ago there was a vote
as it relates to Quebec and they ultimately it was
a close vote, but they ultimately decided to remain as
a part of Canada. I don't know what's happening as
it relates to Canada right now. You know, I'm not
an expert on that. But having said that, what we
(06:48):
have seen is that one of the reasons why Carney
was elected was because of the rhetoric coming from President Trump.
I think that really played a big part in that election.
That recently took place, and it led to some unity
actually in Canada surrounding mister Carney that allowed him to
be elected Prime Minister just a few weeks ago.
Speaker 1 (07:08):
Yeah, sorry to throw the secessionist movement at you, which
I just learned about, so it was just on top
of mind. I thought it was fascinating.
Speaker 2 (07:18):
Yeah.
Speaker 1 (07:18):
John Decker, WR White House Correspondent and Washington Correspondent.
Speaker 2 (07:22):
Thanks a lot, John, Thanks a lot, Maridy. Bybye,