00:00Cheaters. Who do you mean by cheaters? Is that China that you referring to or which other countries would you include in that name?
00:08I would mainly say China right now. I mean, what you're seeing is the U.S. drawing the line, right, and the world will see consistency.
00:17And that's when market flows. By keeping China under a 125 percent tariff regime while pausing global levies, Trump is sending a two part message.
00:26One, allies are welcome, but China's economic warfare ends here. And that's the line in the sand.
00:31So when I say we're redefining free trade and there's consequences for cheaters, China is at the top of that list. Why?
00:39We saw Kevin O'Leary talk about it the other day on CNN where he said, look, China doesn't play by the rules.
00:45They've been a part of this global economics. They steal IP. You know, they're beating out us in manufacturing.
00:50They're the closest economic competitor we have. But remember, America is still the largest economy in the world.
00:57And we're one of the largest consuming economies in the world. And that's a bad news for China.
01:02So they either play by the rules and be fair and stop taking advantage of of really our our economic system.
01:09They're smart, but they've been cheating. You know, we can't sue them.
01:13We own businesses that operate all around the world. I can't go after China in their court system.
01:18So so they need to play by the global the global position that if they're going to play in America, they need to play by the rules.
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