00:00A new term called the taco train, they're saying Trump always chickens out on the tariff threats, and that's why markets are higher.
00:06Because I gave the European Union a 50% tax.
00:12A new term called the taco train, they're saying Trump always chickens out on the tariff threats, and that's why markets are higher.
00:18A new term called the taco train, they're saying Trump always chickens out on the tariff threats, and that's why markets are higher this week.
00:24What's your response to that?
00:26I kick out.
00:26Chicken out.
00:27Oh, and then I chickened out, I've never heard that.
00:31You mean because I reduced China from 145% that I set down to 100 and then down to another
00:38number?
00:39And I said, you have to open up your whole country, and because I gave the European Union
00:45a 50% tax tariff, and they called up and they said, please let's meet right now, please
00:52let's meet right now.
00:54And I said, okay, I'll give you until July 9th, I actually asked them, I said, what's
00:59the date?
01:00Because they weren't willing to meet.
01:01And after I did what I did, they said, we'll meet anytime you want.
01:06And we have an end date of July 9th.
01:10You call that chickening out?
01:11Because we have $14 trillion now invested, committed to investing when Biden didn't have
01:17practically anything.
01:20This country was dying.
01:21You know, we have the hottest country anywhere in the world.
01:23I went to Saudi Arabia, the king told me.
01:25He said, we have the hottest country in the world right now.
01:30Six months ago, this country was stone cold dead.
01:34We had a dead country.
01:35We had a country people didn't think it was going to survive, and you ask a nasty question
01:39like that.
01:40It's called negotiation.
01:42You said a number.
01:43And if you go down, you know, if I said a number at a ridiculous high number, and I go
01:47down a little bit, you know, a little bit, they want me to hold that number, 145% tariff.
01:54Even I said, man, that really got up.
01:56You know how it got?
01:58Because of fentanyl and many other things, and you added it up.
02:01I said, where are we now?
02:03We're at 145%.
02:04I said, whoa, that's high.
02:07That's high.
02:08They were doing no business whatsoever, and they were having a lot of problems.
02:10We were very nice to China.
02:11I don't know if they're going to be nice to us, but we were very nice to China.
02:15And in many ways, I think we really helped China tremendously because, you know, they were
02:19having great difficulty because we were basically going cold turkey with China.
02:24We were doing no business because of the tariff, because it was so high.
02:28But I knew that.
02:29But don't ever say what you said.
02:32That's a nasty question.
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