00:00So, let's talk first about the India tariffs, which went up to 50% today.
00:11It's important to understand that the rationale for the India tariffs are very different from the reciprocal tariffs.
00:17This was a pure national security issue associated with India's abject refusal to stop buying Russia oil.
00:28And the math of this, every American needs to understand because it's related to the trade situation.
00:37You start with the fact that India is the maharajah of tariffs.
00:41It's the highest tariffs in the world, charging on American products.
00:45And it's got high non-tariff barriers, so we can't get our products in.
00:49So, we send a lot of dollars overseas to India to buy their products in an unfair trade environment.
00:56India then uses American dollars to buy Russian oil.
01:02Russia then uses those American dollars that come from India to finance its armaments to kill Ukrainians.
01:12And then American taxpayers are then called upon to pay for the weapons that have to defend Ukraine against Russian armaments paid for by American dollars that came from India.
01:27That's got to stop.
01:28That math doesn't work.
01:30The president understands the connection between economic security and national security.
01:36So, that was the bottom line there.
01:39Second thing, totally unrelated.
01:42I want to talk just briefly and make one point about the Russia hoax because I was...
01:48Can I ask you about the India tariffs first before you do that?
01:51Yeah, sure.
01:52On that front, if that's the rationale, China buys more Russian oil than India does.
01:57And they have not been targeted for that.
02:00So, why is India having its tariffs done?
02:02As the boss says, let's see what happens.
02:04Keep in mind that we have over 50% tariffs on China already.
02:08Right, but you could go...
02:09But they haven't been punished for buying Russian oil.
02:11We have over 50% tariffs on China.
02:16So, we don't want to get to a point where we actually hurt ourselves.
02:20Okay, so that question...
02:21But do you see what people want to be accused by that?
02:23And I think I've given a really good answer to that.
02:25We've got tariffs of 50%.
02:27We already have high tariffs on China.
02:30So, I take your point.
02:32The president certainly will be working with China on that issue.
02:36Okay?
02:37And just on that as well, the president mentioned the money that India makes selling those oil
02:43put-ups on the international market.
02:45Australia, where I'm from, buys, you know, a fair bit from India.
02:50Has the administration got its eye on countries that are then buying that product from India?
02:53Yeah, we're looking at that all.
02:55It's got to stop.
02:56I mean, again, think about what I just told you.
02:59It's like American dollars buy Indian products.
03:03And that sets in motion where those dollars finance a war,
03:08which then requires American taxpayers to pay for defending against the Russian armaments.
03:16So, it's just, that kind of trade doesn't work.
03:20Okay?
03:21That just doesn't work.
03:22Now, let me just really shift gears radically,
03:26because I want to talk a little bit about the Russia hoax of Grassley oil report
03:31and the Durham annex, which came out last week.
03:37I had been working with Senator Grassley's office.
03:41I got to give him three cheers, because he's been working relentlessly to get out the information about the Russia hoax.
03:51And here's what I want to say.
03:52I went to prison.
03:55I went to prison, as did Steve Bannon, for defending the Constitution.
04:00But there isn't a single person associated with the Russia hoax that's been held accountable.
04:06And the list is a long one.
04:07It goes Obama, Clinton, FBI Director Comey and the people.
04:13Other people worked there, like Page and Strzok.
04:17It involved the intelligence community and Brennan and Clapper.
04:22And the importance of the Durham annex is that it ties it all together
04:28and brings also in George Soros and his son Alex and the Open Society Foundation.
04:35And there is just, this is the most sophisticated political scandal that's ever been engineered.
04:44No one's been held accountable.
04:45Good for Attorney General Pam Bondi for pursuing that.
04:50And the most important thing I can tell you,
04:54if people are not held accountable for the Russia hoax, they will do it again.
05:00If people are not held accountable, they will do it again.
05:03And that's what I'm most concerned about.
05:07Okay?
05:07Do you believe a secondary sanction is still going in place tomorrow?
05:10What's the latest decision on that?
05:11We had heard yes, but then there was some confusion.
05:14Go in check.
05:16So it's TV news, though?
05:17Yeah, I've had to say what I've had to say.
05:21What I do, Caitlin, is I never, I think you know this, I never get ahead of the boss.
05:26What I try to do is when news is done, they'll come out and tell you what I think it means.
05:32So not clear of the potential.
05:33I, I, I, I asked an answer.
05:35Okay, thanks for your patience.
05:37You would like countries that are buying refined oil products from India to sell?
05:40I didn't say that.
05:41I didn't say that.
05:42If you ask me a question whether you were looking at the chessboard, I can assure you will.
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