00:00Okay, Andre, Andre, Senator King touched on this a bit, but the President makes it sound like trading partners are very eager to come and negotiate, and that they're happy when all is said and done, but you all travel internationally, you all talk to ambassadors. Reputationally, what is this doing to the United States?
00:15It's making – Trump's tariff negotiations, tariff threats, tariff chaos is making, first, a fool of the United States in the eyes of the nations of the world. And second, the worst thing is because we care about the average American. $2,400 more in costs? Look at that. It's crazy. And since you mentioned Tim, let me – I was just going to bring Tim over.
00:38Yeah, but what was the question? I was still listening to you.
00:42I'm on the world stage. What's up to him?
00:44Well, and –
00:45And Ron can –
00:46You are just –
00:46Ron is –
00:47Yeah, I'm bet you're –
00:47Ron Wyden is on the world stage. He knows.
00:51All of us have been interested in this, but I took a bipartisan delegation to Canada, and one of the principal questions just a few days ago was who they were going to make alliances with other than the United States,
01:05because it was clear that they didn't know what was going to happen, they didn't know whether they heard that a deal was going to be on this particular approach,
01:13and then it was kind of taken in a completely different direction. So there's no question that the relationships that we have forged over the years,
01:22in some cases for decades, particularly in terms of having these alliances, we've got people we can count on,
01:28based on what we saw in Canada, are taking a big toll, and we really have no better friend than Canada.
01:35So if they're walking and not interested in some of these deals, that's a message.
01:39And on a strategic – yeah, I was just going to say on a strategic basis,
01:43instead of him allying with our allies against China when China does all kinds of trade imbalances with us and doesn't treat us fairly,
01:52he's having them join with China against us. How profoundly stupid and unthought out.
01:59Can I give a – I'm going to give an example. I was in Germany in April to talk to Germany about aid to Ukraine.
02:05So I went to Kiev, Berlin, and Warsaw, and it was all focused on Ukraine.
02:11But everywhere I got, before I could talk about my issue, they were like, wait, what about tariffs?
02:16So here would be the German example. They rewrite their constitution to enable them to put more into defense.
02:23They elect a new government that's probably the most pro-U.S. government that they've had in Germany for a very long while.
02:29And the government that's elected, the new chancellor, has a mandate, and that's jumpstart the German economy that's been in the doldrum since 2019.
02:37So you're meeting with the new government. It's like, we are your friends. We are together with you in Ukraine.
02:41We want to put in more. We're pro-U.S. We just got elected with a mandate.
02:48You are the biggest obstacle standing in the way of us and the mandate we just got from the German people
02:54because the tariffs are going to hurt this German export economy so badly.
02:59So as Chuck said, these are punishing our allies more than our adversaries.
03:06And sometimes they're even punishing Americans more than our allies.
03:09The president cuts a deal to put a 15 percent tariff on Japanese products.
03:14Toyota stock goes up by 8 percent. Why?
03:16Because even at 15 percent, it is now cheaper to buy a Japanese vehicle in the United States
03:22than one made in America with a lot of content from Canada and Mexico.
03:26So we're hurting allies for adversaries, and we're hurting ourselves to the advantage of others.
03:32It makes no sense.
03:34We're hurting our own countries.
03:35Ford announced a $2 billion loss in good part because of the tariffs.
03:40Yes.
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