00:00We have a lot of news today, and I have quite a few announcements for you.
00:03So, yes, tomorrow, August 1st, the reciprocal rates will be going into effect.
00:07If more deals are cut between now and midnight, I will never count out the president.
00:12You've seen him do it before. He cut three deals in one day very recently.
00:16So we'll see what happens.
00:18I do know foreign leaders are ringing his phone, realizing this deadline is a real thing for them tomorrow,
00:23and they're bringing offers to the table.
00:24As I said previously, and the president said, we're going to prioritize our key trading partners,
00:29which we have done, like I said, of the 18, two-thirds of those we have cut these tailor-made deals with.
00:35But I do know that the trade team has been working around the clock to try to be in correspondence with as many countries as possible.
00:43But if they haven't heard from us yet, they will in the form of a letter or an executive order by midnight tonight.
00:49On China, you heard from the president on Air Force One when we were returning from Scotland.
00:53You've heard from the Treasury Secretary as well, Ambassador Jameson Greer.
00:56They just spent two days in Geneva for their third round of talks with China.
01:00And the current policy, the current trade program that we have going with China right now as it stands
01:06will decrease our deficit by $5 billion this year.
01:10So we are moving in the right direction when it comes to China.
01:13And Secretary Besson and Ambassador Greer continue to be in direct communication with our Chinese counterparts.
01:19Thank you all there. Thank you.
01:19Thank you.
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