Episode Transcript
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Speaker 1 (00:00):
Trump's trade deals for the world will be done by Friday,
but China will take longer, is what Howard Lutnik said. Okay,
so out of all the deals that we did, you know,
you saw he just increase Brazil by fifty percent because
of what's going on with Alesandro de Moras and Lula.
You saw what he just did in India twenty five percent.
(00:22):
They're saying, no, to be done by Friday. But here's
Lutnick on China, go forward, Rob.
Speaker 2 (00:28):
Well, I think with respect to other countries, what's happened
is many, many countries had made us okay offers to
open their markets, you know, fifty percent, thirty percent, and
then the President said no, no, I want them open. And
then they get up to seventy five percent. The President
said I want it open. So now the price of
a deal with the United States of America is black
(00:49):
and white, completely open markets. He wants to make sure
that Americans can sell their goods overseas.
Speaker 3 (00:57):
He's tired of all those.
Speaker 2 (00:58):
Years where it was un fair and asymmetric against us.
He wants to right the wrong of the last eighty
years of trade policy, and he wants to do it
now and that's what he's doing. So are there deals
on the table for him to consider. Yes, but he
knows that he can just set the rate and set
the price and move on.
Speaker 3 (01:17):
And he said that over and over again. We put
in front of him the deal.
Speaker 2 (01:21):
He sees the deal, and he decides do I want
to do a deal with India or I don't, And
that is up to him.
Speaker 3 (01:27):
We've done our job.
Speaker 2 (01:28):
They've made offers, but they generally these countries came to
the table slowly from what President Trump was hoping for.
But of course from their perspective, no one's moved as
fast as the world has moved.
Speaker 3 (01:41):
With respect to Donald Trump.
Speaker 2 (01:42):
He has moved the world in a way that no
one can imagine.
Speaker 3 (01:46):
He's done this in six months.
Speaker 2 (01:49):
This is amazing and I am, as you can tell,
I'm having the best time working for Donald Trump.
Speaker 4 (01:54):
We're out of time. But so you think it's more
likely that chairs people are looking around thinking, no one
wants to be last. Do they mean you think we're
gonna hear more? Well, China's gonna be tough. We only
got thirty seconds. China is gonna be tough first. Yeah,
(02:15):
China is their own thing. We have our own team
working with China. They're their own thing.
Speaker 2 (02:19):
I'll leave the people who are working with China right
now to give you a briefing on what they've accomplished
and where they are.
Speaker 3 (02:26):
I'll leave it to them. But for the rest of
the world, we're.
Speaker 2 (02:29):
Going to have things done by Friday, and Friday is
not that far away, so you should expect. We said
August first is the date that we're setting all these rates,
and they are off to the races after that.
Speaker 1 (02:40):
Twenty four hours. Tom, what do we know about this?
Speaker 5 (02:43):
Well, Howard Lutnak is not going to go and say
something like that on CNBC because CNBC is the direct
line to the markets. CNBC highly credible with the markets,
and Wall Street reacts very quickly to what happens there
versus what happens in other forms of inner even though
the market instantly reacts to most news. What Howard is
(03:05):
talking about is he's setting an expectation. China may take longer,
but I think we got it. We got we took
another step forward. That's what he wanted the markets to
hear and everybody else. He wants to let them know
that it's all done. But you've got everybody that is
the truth, and Howard's not going to put himself out that.
Twenty four hours later, he's proven wrong because six countries
(03:25):
go sideways on us. They're not going sideways. The closer
it gets the deadline, the more they're realizing this is serious,
this is real.
Speaker 3 (03:32):
And it's like what he.
Speaker 5 (03:33):
Said, we'll give you fifty percent, We'll give you seventy
five percent. Open He's like, no, open up. So we
both can trade back and forth, asymmetrical. And you still
got you know, business media out there, I mean Baron's.
The article in Baron's was like, well, you know, what
if this happens, what if that happens? And the writer
from Baron's actually said and the FED could raise rates
(03:54):
a quarter point just trying to create this fear maringer
in there. And it just I was reading this article
and I said, this is freaking Barons and it was
like cute kid rock in my head and we were
trying different things and we were smoking funny things, drinking
whiskey from the bottle, don't care about tomorrow. That's what
it felt like reading this is the business. Certain part
of the business meeting cheering against you.
Speaker 1 (04:16):
Are so speechless that this is Kramer's reaction, dropping an
f bomb on how great the economy is doing. Watch
this just now.
Speaker 6 (04:24):
We our biggest problem is we have so much growth
that the Fed won't cut.
Speaker 7 (04:28):
What the fuck Jesus, Okay, the moment, it's a.
Speaker 3 (04:41):
Cable with a cable with a ticker. Take that back.
Speaker 6 (04:45):
Can't take.
Speaker 5 (04:48):
The most notable change, Golden, the most not I.
Speaker 6 (04:55):
Just feel like enough with the economy's boom.
Speaker 5 (04:57):
Let Carl talk now, gold Man today, most utible change
since the June FED meeting, I take.
Speaker 1 (05:03):
It back, too late, bro, Let's go on, and the
economy is booming.
Speaker 8 (05:07):
So my thoughts are this reminds me of twenty seventeen
when they said Trump was going to crash everything, and
then things went really really well up until COVID, And
now he's back two point zero. He's got the right
people around him.
Speaker 4 (05:20):
This time.
Speaker 8 (05:21):
He's executing quickly, and I mean day one executing, and
his instincts, to my earlier point, are usually right, especially
on the economy. These trade deals, everyone panicked. Everyone freaked out,
even conservatives freaked out. Oh I don't know if this
is the right thing, and there's so much uncertainty and
people are losing everything, and then it's like, just trust
the process. President Trump looked at our trade deals and
(05:42):
he said, this feels lopsided to me, and I'm the
only one that's going to do it. Nobody else is
going to have the balls to do it. So I'm
going to do it. This is my second administration. Now
we're never and I believe it. Trust the process, and
everyone freaked out, and guess what, we trust the process,
and here we are, same thing with what a month
ago when they said, oh, he bombed RN and it's
(06:04):
going to be world War three and Trump's starting new
wars and what happened nothing that we know of yet.
So trust the instincts of President Trump, especially on the economy.
He knows what he's doing here.
Speaker 1 (06:17):
I think that's a good point. If you voted for him,
if you're somebody that's a true voter of him, you
got to trust the instincts. If you're somebody that is
the first time you voted for him, you're kind of like,
why I don't want to vote for Kamala. I want
to Maybe you can be a little bit more skeptical,
but the people that truly did you got to know
that you can be doing right now by the there's
no question about that.
Speaker 8 (06:35):
I mean, can we just imagine right now, let's just
take ourselves to a world what Kamala Harris is the
president right now?
Speaker 1 (06:42):
What would things look like? The greatest founder is of
all time? Make sure give everyone would begin? Can I
ask a question though?
Speaker 6 (06:48):
So alcohol stocks would be up everything, Like, I mean,
Trump is obviously kicking, but we are, Like just Jerome
Powell felt like he it hurt for him to say
everything is so it's going so great, like I fear
that the next if God forbid, the Republicans don't win
again and they have somebody else come in, like Kamala's finished,
but something like that, they're going to try to undo
(07:10):
every single thing that this guy has been doing for
the past once.
Speaker 1 (07:14):
We hit the four year mark.
Speaker 6 (07:15):
I mean, what do you think the first thing the
Democrats are gonna do about the bord order? Like Tommy,
that scares the hell out of me, because obviously we
want to keep you know, the momentum going and everything
like that.
Speaker 1 (07:25):
That's the first thing.
Speaker 6 (07:26):
They're gonna do is open the border. Number one, without
a doubt, open the border. And then number two, they're
gonna cave to China. They're gonna cave to all these people,
and we're gonna go back to where we were.
Speaker 8 (07:36):
Even Biden didn't want to completely undo some of Trump's
trade work. Even he was like, I will say this, though,
I agree with you on that point. However, when Trump
did great things during his first term, their excuse was, well,
that was actually Obama. It just took a while, okay,
And then you had four years of Biden where everything
royally sucked, and then they're like, well that's cause of Trump.
(07:57):
It just took a while to set in. Now you've
got Trump again. So you go to a Democrat, God
forbid in twenty twenty eight, what are they gonna say? Okay,
just like when the Democrats put out that chart that
they thought was so funny last week, while oh, it's
like the prices go under Biden and then they had
to delete that. How do you go from things going
well under Trump won, then it's crap, then it's good,
(08:19):
then it's crap. How do you keep lying to people
that the Democrats are not the problem even with the border,
because people were really pissed about the border, and I
agree with you, they're going to try to open it
up again. Sure, but do you know how bad that's
gonna look if they really try to do that again.
Speaker 6 (08:33):
But but but but you know what the majority of
the left, the Democrats, that's what they want there. It
is they over there fighting Ice agents. I saw some
Karen in California. She was literally like leave them alone
and trying to take off their mask. And it's like
they're insane. And I'm telling you, half that country, half
the country would be like, yeah, no, we want it
(08:54):
wide open because we love we love immigrants. It's the
country of immigrants. Trust me, they're gonna try to do that.
And so it's a it's literally a fight for the nation.
It's we cannot let these people get back in power.
We can't to me back.
Speaker 1 (09:08):
To this trade thing.
Speaker 9 (09:09):
If there's one word that Donald Trump stands for, it
is fairness. If you notice, the one thing is always
complaining about, they're trading me very unfairly.
Speaker 3 (09:18):
It's not fair.
Speaker 9 (09:19):
They're trying to do this, they're trying to do that.
That's why he's so against DEI because it's not fair.
That's why he believes in me I because it's actually fair.
It's equality, not equity. So everything that he does with
this trade, is it fair trade? Is it free trade? Basically,
he believes that America has been taken advantage of for decades,
and that's the fault of our leaders. It's the fault
(09:40):
of our politicians. And they've carved out the middle class,
they've carved out manufacturing in this world. And now the
average American is like, what the hell's going on here.
It's kind of like, you know, we're gonna go to
Vegas soon, the Vegas that they used to give everybody
that say they're the free buffet. Yeah, you go get
the buffet, You get the buffet. And what happens is this,
Oh it's the free buffet, all right, I'm gonna go
get a second of th then going to plate, bring
(10:01):
it up to my room for my family. All of
a sudden, all my kids are eating for free, and
the buffet is basically being ransacked and rummaged through, and
the buffet in the casino is being treated very unfairly.
Trump's basically saying, listen, uh, there's no more free buffets.
All your countries can't come in here and throw all
your products here, and then we can't even eat at
(10:22):
all your restaurant in your casino. You're making us pay.
The buffet line is closed, and all your kids aren't
eating for free.
Speaker 1 (10:29):
You're gonna have to pay, say buffet. I mean, I
know it's getting close to lunch. Like you, I'm a
little I get it. We'll feed you somebody get out.
But it's but do you agree that Trump believe fairness?
Speaker 8 (10:38):
Yes, but he'll equalizing is the word he said he
made up.
Speaker 9 (10:41):
Which I don't equalizing.
Speaker 1 (10:42):
I've never heard that e Trump. Well, no, he's equalizing. Also,
he's also a he's also a hardcore negotiator, So I
don't know if his deals that he's doing he is
about fairness. I agree, but he's also pushing the agenda
in a major way for him America to have a
bit of an upperhand. This is the first guy in
(11:03):
a long time that's using the leverage the way he has,
and he's filled the administration with business people, business people
who pay attention to numbers, data, profit lass leverage. You
look at the world in a complete different way. You
were asking about the latest polo shirts that are coming up.
It took us a few months to get him there. Finally,
in I wore one of these. Everybody was asking what
(11:25):
did you get these Victim of Polo shirts? They're right there.
We got them in brown, black, white, gray, and another white.
There's a bunch of them on here for those because
it's hot. Yesterday we flew from Orlando. We're on a
flight flying back on this private jet and we're asking
the pilot, Hey, can you turn on the AC? I
can't turn on the AC. Mario makes the mistake of asking.
(11:45):
The guy says, I heard this is a this is
a mock. What did he ask him? He said, and
the guy was like, yeah, actually got one point one.
And the next thing you know, we get on the
gender discovers whom we start doing all this stuff, showing off.
I'm like, what is this guy doing. On the way
back we're flying, Lowe said, I can't turn on the AC.
I get off the plane. Remember what I get off
(12:08):
the plane. My entire shirt is flipping, you know, drenched.
And this is why Tommy just announced he's moving to
Florida because she loved here. But for some of you
guys that are in the heat, you want to wear
a polo shirt and have the victim and Geiron go
place your order at VT merch dot com. We did
not order too many of these, but if you want
(12:28):
to get him, go to VT merch dot com place
your order, sport them. We were at Orlando at the
Gaylord event. Can now wait to see all of you
guys at the Wall conference. If you enjoy this video,
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