00:00from the people of our country.
00:01Mr. President, on tariffs, you made clear you're not backing down from this, but many
00:05American small business owners say they are concerned that these tariffs are going to
00:08hurt them.
00:09What's your message to them?
00:10They're going to be so much richer than they are right now.
00:14And we have many yesterday.
00:16General Motors was in.
00:17They want to invest $60 billion.
00:21The people from Facebook were in yesterday.
00:24They're going to invest 60 billion by the end of the year.
00:27Other people are talking about numbers.
00:30Apple, as you know, a few days ago, announced $500 billion investment.
00:35They're going to build their plants in the United States, which, as you know, almost
00:40all of their plants are in China.
00:42Now they're building in the United States.
00:43Nobody.
00:44I was like, look, the reason is two things.
00:48Number one, the election, November 5th.
00:50And the other thing is tariffs, I think probably in that order.
00:54But Tim Cook came in and he announced 500.
00:59Think of it, 500 billion, not million, 500 million is a lot when you think about it.
01:04Right.
01:05So I would have been happy with 500 million, but it's 500 billion dollar investment by
01:08Apple in the United States.
01:10And that's because of the election result.
01:12And it's because of the tariffs and the tax incentives to, you know, tariffs and tax incentives.
01:19And I've never seen anything like it.
01:20We have plants going up now in Indiana.
01:24We have plants going up in Michigan.
01:25A lot of plants going to be planned for.
01:27I'm trying to steer them to Michigan because Michigan got so badly beaten by, you know,
01:32what happened with Europe.
01:33You know, if you look at Europe, take a look at the EU.
01:37We're not allowed to sell cars there.
01:39It's prohibitive because of their policies and also their non-monetary tariffs.
01:45That's they put obstacles in your way that you can do nothing about.
01:49But if you take a look at what happened.
01:50So we sell no cars to Europe.
01:52I mean, virtually no cars.
01:55And they sell millions of cars to us.
01:56They don't take our agriculture.
01:58We take their.
01:59It's like a one way street with them.
02:01The European Union is very, very nasty.
02:04They sue our companies.
02:05Apple was forced to pay 16 billion dollars on a case that like very much like my cases
02:12that I want.
02:13They shouldn't have been even cases, but we felt they had no case and they ended up having
02:18an extremely favorable judge and decision decision.
02:22But they're suing Google.
02:23They're suing Facebook.
02:24They're suing all of these companies.
02:27And they're taking billions of dollars out of American companies, many more than the
02:30ones I just mentioned.
02:32And I guess they're using it to run Europe or something.
02:35I don't know what they're using it for, but they treat they treat us very badly.
02:39China obviously treats us very badly.
02:43Almost everybody does.
02:44And I blame past presidents, to be honest, because when I was president, I we received
02:50so far about 700 billion dollars from China over the years on the tariffs that I put in.
02:55No other president got 10 cents from China.
02:58And that was only beginning, except for covid.
03:01It would have I would have been able to finish the process process.
03:03But we had to fight the covid thing and we did really well with it.
03:07But we had to fight.
03:08We had actually, as you remember, Mark, we actually handed over the stock market.
03:14It was higher than just previous to covid coming in, which is sort of a miracle, frankly.
03:19We did a good job.
03:20But the tariffs are very important.
03:23And I think the psychology, there's great spirit.
03:26When Mark came in, he said, congratulations, there's a whole new spirit.
03:29There's a whole new light over this country and really over the world, because you have
03:33somebody that a whole group of people, really, because I talk about this whole group that
03:39we know what we're doing and a lot of great things are happening.
03:42But I've never seen investment like this.
03:44Trillions of dollars is being invested in the United States now that would have never
03:48our country could have failed another four years at this.
03:52What happened in the last four years, our country would have been a crime ridden mess.
03:56And I don't know if you noticed a little thing they call it, but it's not a little thing
04:00if you don't have if you like eggs and you don't have a lot of money.
04:04Eggs have gone down 25 percent in the last couple of weeks.
04:10We inherited that problem.
04:12Eggs, groceries have gone down a little bit.
04:16Energy's gone down.
04:17Do you want to speak to that for a second, Governor?
04:20Would you just say a couple of words, you and Chris, about energy?
04:24What's happened?
04:25Well, happy to.
04:26But I think that Chris and I just came from Sarah Week, which is the largest conference
04:30in the world.
04:31So global leaders, people from the E.U., officials from all the energy producing countries
04:37all there and all the global nationals, all the U.S.
04:41The spirit of that group is through the roof because now they realize that in the United
04:46States that President Trump's policies are pro-developing more energy as opposed to we're
04:52trying to shut down energy.
04:53And that pro-growth, pro-business, pro-energy approach is giving people the optimism.
04:59So then the markets are reacting to that and energy prices on the futures market are
05:02going to go down because people know we're not going to be killing off the energy we
05:06need for prosperity in all of our countries, but also for peace because people have used
05:12energy to fuel these wars that President Trump is working so hard to end.
05:17And we know that energy, high energy prices were driving the inflation that he talked
05:20about.
05:21So it accomplishes two goals for us, which is prosperity for the world, peace for the
05:25world when we have smart energy policies and President Trump has brought common sense
05:30back to how we think about energy.
05:32And it's brought down now $65 a barrel I saw this morning.
05:36That's phenomenal news and that's going to break.
05:38That's what brought it up.
05:40The energy went, they took our beautiful energy policies and they just messed them up.
05:44And then they went immediately back to them because, but by that time they lost it.
05:48They lost that Bronco as the expression goes.
05:51Chris, do you have something to say?
05:53I think Doug said it well.
05:55You just can't overstate how important the return of common sense, the return of knowledge
06:00about energy and pro American consumers, pro investment in our country.
06:05I think globally that was welcomed means capital flows.
06:09It means more sobriety and lower energy prices, more economic opportunity for Americans.
06:14So yeah, it was elated atmosphere at a global energy conference.
06:18Well, we're working on one project.
06:20It should be very easy.
06:22It's a pipeline going through a small section of New York.
06:26New York's held it up for years, actually for years.
06:29They wanted to do it for years and years and it will reduce the most expensive energy almost
06:35in the world is in New England because they have no way of getting it there because it's
06:40been held up by New York and uh, the whole of New England and Connecticut and New York.
06:45The energy prices are through the roof and this one pipeline will save for per family
06:50$2,500 just on heating and another $2,500 on everything else.
06:57So the energy by just a simple pipeline going through an area that wants it, an area that's
07:02not a rich area.
07:03It's actually a very poor area would create jobs and everything else.
07:07And it's going to be way underground.
07:08Nobody's going to see it once they fill it up.
07:10Nobody's going to see it.
07:11Nobody's going to know it's there.
07:12And families in New York and Connecticut and New England are going to save $5,000 a family.
07:20Think of that because right now they have the highest energy prices maybe in the world.
07:24They say New England is a disaster.
07:26So we're working on that.
07:27In fact, the governor is coming in, governor of New York, Kathy Hochul, who's a very nice
07:32woman.
07:33She's coming in tomorrow morning at nine o'clock to meet me on that and other things.
07:38Not only that, but other things.
07:40So I hope we don't have to use the extraordinary powers of the federal government to get it
07:44done.
07:45But if we have to, we will.
07:47But I don't think we'll have to.
07:48I can tell you Connecticut wants it and all of New England wants it.
07:52And who wouldn't want it?
07:53And it's also jobs on top of everything else.
07:56So that's going to be very exciting.
07:58So we're meeting with the governor tomorrow morning.
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