Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Oh.
Speaker 2 (00:00):
Yes, President Trump is really winning these days when it
comes to trades.
Speaker 3 (00:04):
In tara I.
Speaker 1 (00:04):
Want to focus on the deal we just made with
the European Union, which is the biggest trade deal in history.
We've made the big ones. We just finished. Indonesia, they
opened up their country. We just finished. Japan, they opened
up their country. Philippines, we just finished. They opened up
their country that were very closed. I'd love to see
China open up their country.
Speaker 3 (00:25):
So we're dealing.
Speaker 1 (00:26):
We're dealing with China right now as we speak.
Speaker 3 (00:29):
Yeah, we're dealing with China right now.
Speaker 2 (00:31):
All right, joining us now. John Decker, our White House correspondent.
I think they ought to change the name of the
White House to the wind House. Things are going real
good for the president right now. Good morning, John, Hey,
good morning.
Speaker 3 (00:41):
Yes.
Speaker 4 (00:42):
As we approached that deadline the President established August the first,
which is tomorrow. A number of trade deals that have
been announced over the course of the past few days,
the latest with South Korea. South Korea is a major
trading partner of the United States. You think about all
the automobiles from South that come into our country. South
(01:02):
area will now be hit with a fifteen percent trade
tariff rate, and as it relates to US goods, no
tariff will be placed upon US goods that are exported
to South Korea. That's a good thing in the sense
that we've got a major trade deficit with South Korea.
We've had it for many years.
Speaker 2 (01:19):
Yeah, and that came down from I think they were
talking about a planned twenty five percent. So once again
it's not just US that wins in these deals that
he's cutting. Now it seems to be a win win
for both sides.
Speaker 4 (01:30):
Well, when you're factoring in what you just said, you know,
the possibility of a twenty five percent trade tariff and
the trade tariff rate ends up being fifteen percent, you
can certainly call that a victory. But there are some
other countries that we've learned that are not going to
be getting such a good tariff right India, for one,
the President announcing goods from India coming into the US
(01:53):
will be hit with a twenty five percent trade tariff rate,
and goods coming into the US from Brazil starting tomorrow,
a fifty percent trade tariff rate that the President is imposing.
Speaker 3 (02:05):
Yeah, why is.
Speaker 2 (02:05):
That with India and Brazil and yet to be seen
Russia right now? But let's talk about those two countries.
Why did that end up higher than the seem to
be standard.
Speaker 4 (02:15):
Well, as it relates to India, the President feels that
India is one of the worst countries in the world
in terms of closing off their markets to American goods
and American companies. That's number one. Number two. India continues
to trade with Russia, and the President doesn't doesn't want that.
(02:35):
He wants to squeeze Russia to bring them to the
negotiating table to end the war in Ukraine. As it
relates to the trade that it does with Russia, it
purchases military equipment, it purchase purchases Russian oil. So for
those reasons, you're going to see that twenty five percent
tariff rate as well as a penalty for their continuing
(02:56):
to do trade with Russia. As far as Brazil is concerned,
the president, I think it's very personal. As it relates
to Brazil, the President doesn't like the current president of Brazil.
He much prefers his predecessor, President Bolsonaro, and the President
is upset that there's a prosecution underway against President Bolsinaro,
(03:17):
former President Bolsonaro, and that's I think one of the
reasons for the higher tariff rate that the President is
the only going to billion.
Speaker 3 (03:25):
US and you mentioned Russian all of this.
Speaker 2 (03:27):
Yeah, that is a good point there, because he did
warrant everybody, if you want to continue to play ball
with Russia, you know you're going to have to pay
the price on that.
Speaker 3 (03:36):
Tomorrow the deadline.
Speaker 2 (03:37):
But what's going on with this couple of week, ten days, fourteen,
twelve days, whatever? He moved it from fifty Thank you
for prodding him in that direction. Where are we with
Russia now? Do they get an extension because of the
war with Ukraine on it beyond tomorrow?
Speaker 4 (03:52):
The deadline as it relates to Russia is August the eighth,
So that's very different from the tariff deadline, which is tomorrow.
So circle your calendar August the eighth, that's next week.
And the President says if Russia does not indicate that
it's going to come to the negotiating table to negotiat
an end to the war, the US will impose tougher
(04:15):
trade tariffs on Russia as well as secondary tariffs, meaning
the US is going to punish any country that does
trade with Russia, purchases Russian oil for instance, and that's
going to impact countries like China, like Brazil, like India,
and like South Africa.
Speaker 3 (04:32):
All of those.
Speaker 4 (04:33):
Countries could be facing very stiff trade tariffs if they
continue to purchase Russian oil.
Speaker 2 (04:38):
All right, quickly, John, on China, as you heard the
presidents say, we're just not there.
Speaker 3 (04:41):
Just yet, but we'll get there.
Speaker 2 (04:43):
Is tomorrow the deadline for China, and are what are
you looking at as far as your likability again.
Speaker 4 (04:48):
You know, if there's one exception for an extension, it
would be for China. It is such a big trading
partner of the United States, and they've been talking literally
for months since August, since April the Second Liberation Day,
and they're almost at the finish line. So I could
see that as potentially one country that gets an extension.
Speaker 3 (05:11):
But as the.
Speaker 4 (05:11):
President mentioned in that clip that you just played a
moment ago, he said that in the Roosevelt Room, they're
almost near a trade deal with China.
Speaker 2 (05:18):
All right, Very good, John Decker, Thank you, buddy, I
appreciate you. We'll talk soon.
Oh.
Speaker 2 (00:00):
Yes, President Trump is really winning these days when it
comes to trades.
Speaker 3 (00:04):
In tara I.
Speaker 1 (00:04):
Want to focus on the deal we just made with
the European Union, which is the biggest trade deal in history.
We've made the big ones. We just finished. Indonesia, they
opened up their country. We just finished. Japan, they opened
up their country. Philippines, we just finished. They opened up
their country that were very closed. I'd love to see
China open up their country.
Speaker 3 (00:25):
So we're dealing.
Speaker 1 (00:26):
We're dealing with China right now as we speak.
Speaker 3 (00:29):
Yeah, we're dealing with China right now.
Speaker 2 (00:31):
All right, joining us now. John Decker, our White House correspondent.
I think they ought to change the name of the
White House to the wind House. Things are going real
good for the president right now. Good morning, John, Hey,
good morning.
Speaker 3 (00:41):
Yes.
Speaker 4 (00:42):
As we approached that deadline the President established August the first,
which is tomorrow. A number of trade deals that have
been announced over the course of the past few days,
the latest with South Korea. South Korea is a major
trading partner of the United States. You think about all
the automobiles from South that come into our country. South
(01:02):
area will now be hit with a fifteen percent trade
tariff rate, and as it relates to US goods, no
tariff will be placed upon US goods that are exported
to South Korea. That's a good thing in the sense
that we've got a major trade deficit with South Korea.
We've had it for many years.
Speaker 2 (01:19):
Yeah, and that came down from I think they were
talking about a planned twenty five percent. So once again
it's not just US that wins in these deals that
he's cutting. Now it seems to be a win win
for both sides.
Speaker 4 (01:30):
Well, when you're factoring in what you just said, you know,
the possibility of a twenty five percent trade tariff and
the trade tariff rate ends up being fifteen percent, you
can certainly call that a victory. But there are some
other countries that we've learned that are not going to
be getting such a good tariff right India, for one,
the President announcing goods from India coming into the US
(01:53):
will be hit with a twenty five percent trade tariff rate,
and goods coming into the US from Brazil starting tomorrow,
a fifty percent trade tariff rate that the President is imposing.
Speaker 3 (02:05):
Yeah, why is.
Speaker 2 (02:05):
That with India and Brazil and yet to be seen
Russia right now? But let's talk about those two countries.
Why did that end up higher than the seem to
be standard.
Speaker 4 (02:15):
Well, as it relates to India, the President feels that
India is one of the worst countries in the world
in terms of closing off their markets to American goods
and American companies. That's number one. Number two. India continues
to trade with Russia, and the President doesn't doesn't want that.
(02:35):
He wants to squeeze Russia to bring them to the
negotiating table to end the war in Ukraine. As it
relates to the trade that it does with Russia, it
purchases military equipment, it purchase purchases Russian oil. So for
those reasons, you're going to see that twenty five percent
tariff rate as well as a penalty for their continuing
(02:56):
to do trade with Russia. As far as Brazil is concerned,
the president, I think it's very personal. As it relates
to Brazil, the President doesn't like the current president of Brazil.
He much prefers his predecessor, President Bolsonaro, and the President
is upset that there's a prosecution underway against President Bolsinaro,
(03:17):
former President Bolsonaro, and that's I think one of the
reasons for the higher tariff rate that the President is
the only going to billion.
Speaker 3 (03:25):
US and you mentioned Russian all of this.
Speaker 2 (03:27):
Yeah, that is a good point there, because he did
warrant everybody, if you want to continue to play ball
with Russia, you know you're going to have to pay
the price on that.
Speaker 3 (03:36):
Tomorrow the deadline.
Speaker 2 (03:37):
But what's going on with this couple of week, ten days, fourteen,
twelve days, whatever? He moved it from fifty Thank you
for prodding him in that direction. Where are we with
Russia now? Do they get an extension because of the
war with Ukraine on it beyond tomorrow?
Speaker 4 (03:52):
The deadline as it relates to Russia is August the eighth,
So that's very different from the tariff deadline, which is tomorrow.
So circle your calendar August the eighth, that's next week.
And the President says if Russia does not indicate that
it's going to come to the negotiating table to negotiat
an end to the war, the US will impose tougher
(04:15):
trade tariffs on Russia as well as secondary tariffs, meaning
the US is going to punish any country that does
trade with Russia, purchases Russian oil for instance, and that's
going to impact countries like China, like Brazil, like India,
and like South Africa.
Speaker 3 (04:32):
All of those.
Speaker 4 (04:33):
Countries could be facing very stiff trade tariffs if they
continue to purchase Russian oil.
Speaker 2 (04:38):
All right, quickly, John, on China, as you heard the
presidents say, we're just not there.
Speaker 3 (04:41):
Just yet, but we'll get there.
Speaker 2 (04:43):
Is tomorrow the deadline for China, and are what are
you looking at as far as your likability again.
Speaker 4 (04:48):
You know, if there's one exception for an extension, it
would be for China. It is such a big trading
partner of the United States, and they've been talking literally
for months since August, since April the Second Liberation Day,
and they're almost at the finish line. So I could
see that as potentially one country that gets an extension.
Speaker 3 (05:11):
But as the.
Speaker 4 (05:11):
President mentioned in that clip that you just played a
moment ago, he said that in the Roosevelt Room, they're
almost near a trade deal with China.
Speaker 2 (05:18):
All right, Very good, John Decker, Thank you, buddy, I
appreciate you. We'll talk soon.
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