00:00so this is unfolding exactly like we thought it would in a dominant scenario what's going on here
00:15is you start with the observation I don't think you would disagree with me at all the world
00:21cheats us they've been cheating us for decades they cheat us with tariffs higher tariffs but
00:27more importantly they cheat us with the so-called non-tariff barriers it's the VAT taxes the dumping
00:32the currency manipulation the technical barriers that keep our autos out of Japan the agricultural
00:38barriers that keep our pork out of Australia or Europe they're doing that to the tune of 1.2
00:44trillion dollars of wealth we have opened up our invitations to them look the president has
00:52a has a really good relationship right now the president has a has a good very good relationship
00:59with president Xi and we're going through a period where we we hope that we'll be able to get to the
01:06other side of that but but here let me say this about China I think this is really important China
01:13China has killed over a million people with their fentanyl how many countries is the administration
01:21currently negotiating with to get a trade deal let me see how many I can do and remember Kristen
01:28we talked offline about this we started doing this long before we announced the pause in the reciprocal
01:35of tariffs in anticipation of this so we've got the UK we've got the EU we've got India we've got Japan
01:43we've got North Korea we've got Indonesia we've got Israel and they're just lining up outside the
01:53door of Jamison Greer the trade rep Howard Lutnick is very much a part of that South Korea okay yes okay I
02:01just want to make sure there the only thing I can say about North Korea is it's quiet at the rocket man's quiet again
