Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome to the show. Breitbart News White House correspondent Nick Gilbertson,
I appreciate you taking the time to come on this morning.
Whereabouts are you at, Nick, Hey, Anny?
Speaker 2 (00:11):
Yeah, thanks for having me. I'm down here in the
swamp right in the middle of Washington, DC on Capitol
Hill here.
Speaker 1 (00:17):
So we're all that draining is going on, all that
draining of the swamp. That's where all that's happening.
Speaker 2 (00:23):
There's a lot of drainage.
Speaker 1 (00:25):
Yes, yeah, but here today today to talk about you
know what I'm saying here, it's the biggest ever trade
agreement with Europe. It's historic. This is obviously where's the
spin going to be from the left, how people are
continuing to abandon him Trumpers are abandoning it. There's got
(00:48):
to be a spin somewhere in this.
Speaker 2 (00:50):
Yeah, I mean, I think that this is such a
big win. I think for Trump, I think that they're
going to try and downplay this and maybe a little
bit of Ostrich and Droom, you know, by your head
in the sands here from the left. I mean, this
is just such a historic, historic deal. I mean, Europe's
agreeing to buy a quarter of a trillion dollars in
(01:11):
energy here, which is you know, massive, and then they're
pledging to invest you know, six hundred billion in the
US on top of existing investments, and I think that's
not even you know, the key of the story here
is these European countries are you know, dropping tariffs on
the United States to zero, and the US is going
(01:31):
to have a fifteen percent baseline tariff on all these
on all these countries. So I think it's hard to
spend you know, this into a loss for Trump or
put him in a bad position. And on the contrary,
I've seen quite a few you know, some on the
left here are are rather critical in particularly you know,
(01:51):
the elites in Europe are critical of European Union President
Ursula Vonderlion, you know, for failing to or rather not
getting confessions out of the United States. Now that's not
to say they're not getting anything from the United States here.
They're getting seven hundred and fifty billion dollars in energy,
you know, which is huge for them. They need you know,
(02:14):
the security there, especially after you know, they kind of
hitched their wagon too Russia a few years ago and
Russia cut the oil off. This Ukraine Russia war developed there,
so you know, this is just a massive deal, and
it's hard to see where where you know, the mainstream
media and the left can try and pick away at
(02:34):
this because I court, you know, between in twenty twenty four, alan,
Europe and the United States did roughly one point sixty
eight trillion in euros in trade in goods and services
between the countries. So that translates to one point eight
billion in US dollars. That's nearly thirty percent of the
(02:54):
entire global trade market and forty three percent of the
entire global gross domestic product there GDP. So I mean
that's nearly you know, half the world's trade. This is
such a major deal and it's really something, and I
think it just goes to show Trump's just absolute prowess
as a deal maker.
Speaker 1 (03:13):
As a deal maker. I'm glad you went there too,
because you know, I was thinking and I always go
back to this interview I watch. I think he was
on Oprah in nineteen eighty nine and he was talking
about our lopsided deals, particularly he kept calling out China.
And again this is him on the Oprah Winfrey Show
in the eighties. So when Trump was campaigning and he
(03:36):
was campaigning on building the wall. You know, Hey, that's resonating,
that's working, making America great again. Okay, that's what really this.
I believe that this historic deal right here, this was
his main goal all along. This was his objective as
a businessman and the president all along. I feel that
this was always his goal. And he's a satisfied man
(03:58):
right now. When his time is up in office in
a couple of years, he's he's not going to care
what he got. This, this is what he wanted to do,
ultimately is number one thing and what he's going to
hang his hat on too deservedly. So why say, Yeah, he.
Speaker 2 (04:13):
Gets a rush out of deal making, and that's spent
his entire life and he loves to make deals. And
this is the biggest deal in history and his name's
on it, right So this is just a massive one
for him. And like you said, he's been talking about
this stuff since he was on the Oprah Winfrey Show
in the eighties. He was talking about this stuff in
(04:34):
the lead up to his run in twenty fifteen and
during his run in twenty fifteen and twenty sixteen, and
he did this, you know, this terriff, you know initiative,
you know, as fist term I was successful and Benny,
this all of this is flying in the face of
all of these critics and so called experts, but they're
conventional wisdom, you know, who claimed that, you know, somehow
(04:58):
this would cause you know, trade trade wars with all
of these countries, somehow this would cause this exorbitant inflation
that would get passed on it to the consumer. And
we haven't seen any of that. And there's spent months
of empirical evidence since Trump you know, started with these
tariffs on Liberation Day that kind of show that it's
(05:20):
the complete opposite. These countries are willing to make deals
to rebalance the deficits that the United States has with
them and the surpluses they have. So yeah, they want
to make deals, they want to come to the table,
and you know, I think the proof has kind of
been the putting in June. You saw a twenty seven
(05:42):
billion dollar surplus in the treasury in June. Now, typically
if you were to see a surplus at be in April,
when tax returns are coming in and whatnot. So a
June surplus is very rare. And I think that goes
to you know, in the middle of you know, all
of these tariffs that he set you know, on Liberation
Day and and maybe amended and whatnot. And in the meantime,
(06:04):
you know, over five months, if you annualize inflation out
over a year under since Trump's taken office, it would
be right at two point one percent, which is in
line with you know, the FEDS target of two percent.
So really it's you know, there's a bunch of evidence
to back him up. Now there's a bunch of data.
And after this one too, Vinny. I mean, so he's
(06:26):
got the US, he's got the EU, Japan, Indonesia, the UK, Vietnam,
and the Philippines, so that that's kind of his you know,
free world trading block, if you will. And our economics
editor John Carney estimates that that's fifty seven percent of
the global GDP, So like, not only has you know,
(06:48):
is that is that a massive amount of the gross
domestic products, but he's also cobbling together more leverage, you know,
over these countries that haven't made feels yet, because if
you're kind of left out of the equation here, you know,
it kind of puts the onus on these countries to
you know, rush and try and get something together. So
(07:09):
They're not the last one, you know, standing you know,
standing in the dark without a deal. And Eric Trump
kind of said to the effect in April on Liberation Day,
when Trump put out those initial tariffs, he said, look,
you know, who whoever I've watched this movie my whole life,
and I'm paraphrasing here, but whoever comes to the table
first will get the best deal. Whoever comes last is
(07:32):
probably going to get the worst deal. And I think
it'll be interesting to see how things shake out here
because we do have an August first deadline where tariffs
are going to kick in on dozens and dozens of
countries and the EU was one of those and they
were facing they were staring down a thirty percent tariff
that was going to hit on Friday. So I mean,
these deadlines are forcing these countries to the table. And
(07:55):
I think that's another, you know, angle of Trump's negotiating
tactics is just He's been very effective with imposing deadlines,
whether it comes to trade, whether it comes to you know,
getting Congress to pass bill, setting artificial deadlines for them.
So I think that just goes to show to his
effectiveness as a deal maker as well.
Speaker 1 (08:17):
And you're hearing breip Art News White House correspondent Nick
gilbertson right now, you know, while you were doing your
thing right there and great stuff. I did a quick
Google search just to see if the spin is in
and how it's being covered, and it's pretty This is
pretty good stuff, Nick. The cover story New York Times today.
(08:38):
But is the EU trade deal with Trump good for Europe? Though?
That's the worry to New York Times wants us to wonder, Yeah,
but what about you? Is this good for them? Which
actually I could have a little bit of fun with
that for a while. But repercussion, I guess, is something like,
are we ticking anyone off? You know, as a nation?
(09:02):
Is there a repercussion as far as some of this
is concerned. Do you think there will be any fallout
in that way? We're making enemies here?
Speaker 2 (09:09):
I don't think so. And I think this, you know,
the mainstream media they yeah, they they they want to
find something wrong here. They're looking for anything they can get,
and I think, you know, they always want to mention
the tariffs that Trump puts on countries. They never want
(09:29):
to mention the trade barriers and tariffs that they put
on the United States and you know, I think Ursula underline,
the President of the EU, was literally asked about concessions
that the US might have made, and she completely sides
up the question and talked about how Europe really has
a surplus here and it's unfair to the US. It
kind of needed to be rebalanced. The quote is quote.
(09:53):
The starting point was an imbalance, a surplus on our
side and a deficit on the US side, and we
wanted to rebalance the trade relation, and we wanted to
do it in the way that trade goes on between
the two of US across the Atlantic, because the two biggest,
biggest economy should have a good flow of trade between us, right.
So she's totally sidestepping the question of concessions and acknowledging
(10:16):
that Europe has basically been taking advantage of the United
States for a long time in the trade department. So
and I think Trump is, you know, by doing this
and calling these countries out, he's calling them, you know,
out on essentially a bluff in many cases and getting
them to make these deals come to the table, and
(10:39):
he's just you know, an absolute expert at it.
Welcome to the show. Breitbart News White House correspondent Nick Gilbertson,
I appreciate you taking the time to come on this morning.
Whereabouts are you at, Nick, Hey, Anny?
Speaker 2 (00:11):
Yeah, thanks for having me. I'm down here in the
swamp right in the middle of Washington, DC on Capitol
Hill here.
Speaker 1 (00:17):
So we're all that draining is going on, all that
draining of the swamp. That's where all that's happening.
Speaker 2 (00:23):
There's a lot of drainage.
Speaker 1 (00:25):
Yes, yeah, but here today today to talk about you
know what I'm saying here, it's the biggest ever trade
agreement with Europe. It's historic. This is obviously where's the
spin going to be from the left, how people are
continuing to abandon him Trumpers are abandoning it. There's got
(00:48):
to be a spin somewhere in this.
Speaker 2 (00:50):
Yeah, I mean, I think that this is such a
big win. I think for Trump, I think that they're
going to try and downplay this and maybe a little
bit of Ostrich and Droom, you know, by your head
in the sands here from the left. I mean, this
is just such a historic, historic deal. I mean, Europe's
agreeing to buy a quarter of a trillion dollars in
(01:11):
energy here, which is you know, massive, and then they're
pledging to invest you know, six hundred billion in the
US on top of existing investments, and I think that's
not even you know, the key of the story here
is these European countries are you know, dropping tariffs on
the United States to zero, and the US is going
(01:31):
to have a fifteen percent baseline tariff on all these
on all these countries. So I think it's hard to
spend you know, this into a loss for Trump or
put him in a bad position. And on the contrary,
I've seen quite a few you know, some on the
left here are are rather critical in particularly you know,
(01:51):
the elites in Europe are critical of European Union President
Ursula Vonderlion, you know, for failing to or rather not
getting confessions out of the United States. Now that's not
to say they're not getting anything from the United States here.
They're getting seven hundred and fifty billion dollars in energy,
you know, which is huge for them. They need you know,
(02:14):
the security there, especially after you know, they kind of
hitched their wagon too Russia a few years ago and
Russia cut the oil off. This Ukraine Russia war developed there,
so you know, this is just a massive deal, and
it's hard to see where where you know, the mainstream
media and the left can try and pick away at
(02:34):
this because I court, you know, between in twenty twenty four, alan,
Europe and the United States did roughly one point sixty
eight trillion in euros in trade in goods and services
between the countries. So that translates to one point eight
billion in US dollars. That's nearly thirty percent of the
(02:54):
entire global trade market and forty three percent of the
entire global gross domestic product there GDP. So I mean
that's nearly you know, half the world's trade. This is
such a major deal and it's really something, and I
think it just goes to show Trump's just absolute prowess
as a deal maker.
Speaker 1 (03:13):
As a deal maker. I'm glad you went there too,
because you know, I was thinking and I always go
back to this interview I watch. I think he was
on Oprah in nineteen eighty nine and he was talking
about our lopsided deals, particularly he kept calling out China.
And again this is him on the Oprah Winfrey Show
in the eighties. So when Trump was campaigning and he
(03:36):
was campaigning on building the wall. You know, Hey, that's resonating,
that's working, making America great again. Okay, that's what really this.
I believe that this historic deal right here, this was
his main goal all along. This was his objective as
a businessman and the president all along. I feel that
this was always his goal. And he's a satisfied man
(03:58):
right now. When his time is up in office in
a couple of years, he's he's not going to care
what he got. This, this is what he wanted to do,
ultimately is number one thing and what he's going to
hang his hat on too deservedly. So why say, Yeah, he.
Speaker 2 (04:13):
Gets a rush out of deal making, and that's spent
his entire life and he loves to make deals. And
this is the biggest deal in history and his name's
on it, right So this is just a massive one
for him. And like you said, he's been talking about
this stuff since he was on the Oprah Winfrey Show
in the eighties. He was talking about this stuff in
(04:34):
the lead up to his run in twenty fifteen and
during his run in twenty fifteen and twenty sixteen, and
he did this, you know, this terriff, you know initiative,
you know, as fist term I was successful and Benny,
this all of this is flying in the face of
all of these critics and so called experts, but they're
conventional wisdom, you know, who claimed that, you know, somehow
(04:58):
this would cause you know, trade trade wars with all
of these countries, somehow this would cause this exorbitant inflation
that would get passed on it to the consumer. And
we haven't seen any of that. And there's spent months
of empirical evidence since Trump you know, started with these
tariffs on Liberation Day that kind of show that it's
(05:20):
the complete opposite. These countries are willing to make deals
to rebalance the deficits that the United States has with
them and the surpluses they have. So yeah, they want
to make deals, they want to come to the table,
and you know, I think the proof has kind of
been the putting in June. You saw a twenty seven
(05:42):
billion dollar surplus in the treasury in June. Now, typically
if you were to see a surplus at be in April,
when tax returns are coming in and whatnot. So a
June surplus is very rare. And I think that goes
to you know, in the middle of you know, all
of these tariffs that he set you know, on Liberation
Day and and maybe amended and whatnot. And in the meantime,
(06:04):
you know, over five months, if you annualize inflation out
over a year under since Trump's taken office, it would
be right at two point one percent, which is in
line with you know, the FEDS target of two percent.
So really it's you know, there's a bunch of evidence
to back him up. Now there's a bunch of data.
And after this one too, Vinny. I mean, so he's
(06:26):
got the US, he's got the EU, Japan, Indonesia, the UK, Vietnam,
and the Philippines, so that that's kind of his you know,
free world trading block, if you will. And our economics
editor John Carney estimates that that's fifty seven percent of
the global GDP, So like, not only has you know,
(06:48):
is that is that a massive amount of the gross
domestic products, but he's also cobbling together more leverage, you know,
over these countries that haven't made feels yet, because if
you're kind of left out of the equation here, you know,
it kind of puts the onus on these countries to
you know, rush and try and get something together. So
(07:09):
They're not the last one, you know, standing you know,
standing in the dark without a deal. And Eric Trump
kind of said to the effect in April on Liberation Day,
when Trump put out those initial tariffs, he said, look,
you know, who whoever I've watched this movie my whole life,
and I'm paraphrasing here, but whoever comes to the table
first will get the best deal. Whoever comes last is
(07:32):
probably going to get the worst deal. And I think
it'll be interesting to see how things shake out here
because we do have an August first deadline where tariffs
are going to kick in on dozens and dozens of
countries and the EU was one of those and they
were facing they were staring down a thirty percent tariff
that was going to hit on Friday. So I mean,
these deadlines are forcing these countries to the table. And
(07:55):
I think that's another, you know, angle of Trump's negotiating
tactics is just He's been very effective with imposing deadlines,
whether it comes to trade, whether it comes to you know,
getting Congress to pass bill, setting artificial deadlines for them.
So I think that just goes to show to his
effectiveness as a deal maker as well.
Speaker 1 (08:17):
And you're hearing breip Art News White House correspondent Nick
gilbertson right now, you know, while you were doing your
thing right there and great stuff. I did a quick
Google search just to see if the spin is in
and how it's being covered, and it's pretty This is
pretty good stuff, Nick. The cover story New York Times today.
(08:38):
But is the EU trade deal with Trump good for Europe? Though?
That's the worry to New York Times wants us to wonder, Yeah,
but what about you? Is this good for them? Which
actually I could have a little bit of fun with
that for a while. But repercussion, I guess, is something like,
are we ticking anyone off? You know, as a nation?
(09:02):
Is there a repercussion as far as some of this
is concerned. Do you think there will be any fallout
in that way? We're making enemies here?
Speaker 2 (09:09):
I don't think so. And I think this, you know,
the mainstream media they yeah, they they they want to
find something wrong here. They're looking for anything they can get,
and I think, you know, they always want to mention
the tariffs that Trump puts on countries. They never want
(09:29):
to mention the trade barriers and tariffs that they put
on the United States and you know, I think Ursula underline,
the President of the EU, was literally asked about concessions
that the US might have made, and she completely sides
up the question and talked about how Europe really has
a surplus here and it's unfair to the US. It
kind of needed to be rebalanced. The quote is quote.
(09:53):
The starting point was an imbalance, a surplus on our
side and a deficit on the US side, and we
wanted to rebalance the trade relation, and we wanted to
do it in the way that trade goes on between
the two of US across the Atlantic, because the two biggest,
biggest economy should have a good flow of trade between us, right.
So she's totally sidestepping the question of concessions and acknowledging
(10:16):
that Europe has basically been taking advantage of the United
States for a long time in the trade department. So
and I think Trump is, you know, by doing this
and calling these countries out, he's calling them, you know,
out on essentially a bluff in many cases and getting
them to make these deals come to the table, and
(10:39):
he's just you know, an absolute expert at it.
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