00:00Should Americans buy cars now if they want to avoid higher prices?
00:05And then, just to follow up...
00:06No, I don't think so.
00:07I think you're going to have a country that's going to boom.
00:08I just spoke to Tim Cook of Apple.
00:10He's investing $500 billion in the United States, which he would have never...
00:15He told me, I would never have done it if you lost the election, and I would have never
00:19done it if there wasn't a tariff system that is an incentive for people to come.
00:24And remember, there are no tariffs.
00:27All you have to do is do your work right here.
00:29If you have your company here, if you build your product, make your product, make your
00:33car or whatever it is you're making, no tariffs.
00:37And we're going to have...
00:38I think, Scott, I would say we're close to $4 trillion, even going close to $5 trillion.
00:44Now, we haven't had that for years.
00:48If you add up years, they haven't invested like that.
00:51And here we are in two months.
00:53We think we're up to close to $5 trillion of investment.
00:55They're going to build car plants.
00:56They're already building.
00:58Many of them have already started.
01:00And if you build a car in the United States...
01:02And one thing that we just...
01:03I just spoke with John Thune about.
01:06I just spoke to Mike Johnson about, Speaker.
01:10We're going to do something that has never been done in this country before.
01:13I'm very proud to say it was my idea.
01:15And so sometimes a simple idea, they say, how'd you think of that one?
01:19It's so simple.
01:20It was never done.
01:21If you buy a car in the United States that's made in the United States, if it's manufactured
01:26here, when you borrow money, if you borrow money, you have interest payments, we're
01:30going to let you deduct the interest payment for income tax reasons.
01:33And I think that's going to more than pay for itself.
01:36I think people are going to be...
01:38They've never had a deduction.
01:40You know, deductions are supposed to be for like rich people.
01:43And it's unfair to have that.
01:44But rich people are...
01:47I think I know more about deductions than any human being on Earth.
01:50But you know, the truth is that people that are middle-income people that buy a car and
01:55actually have to borrow money, they're going to now get an interest deduction on their
02:00car if it's made in the United States.
02:02If it's made someplace else, that won't take place.
02:05But car companies, as you know, are already expanding and building new plants.
02:09They've already started.
02:10And I think you're going to see numbers, Howard, you're seeing it.
02:14And Scott, you're seeing it.
02:16You're going to see numbers the likes of which you've never seen before.
02:19Yeah, please go.
Comments