00:00investigation. We'll get to that. Let me just finish it because it's a really
00:07important story. I will give you what you need. Yeah. Anybody one last law
00:14fair? Okay, let's go. Yeah, yeah, let's do the European. So let me just say a
00:21few words on on the European Union deal, because in many ways, I can think of no
00:31deal more important than with the European Union. I mean, it is, after all, one of the
00:39largest entities in the world. It's so important, not just economically, but
00:45strategically. But for many, many years, it has been taking unfair advantage of the
00:52United States, consistently higher tariffs, consistently higher non-tariff
00:57barriers. And even when we have gone to the World Trade Organization and won on
01:03things like agricultural cases, the EU has refused to cooperate. And so we've been
01:10in a situation where Germany sells us seven cars for every one we sell them. We have
01:15a massive trade deficit with the EU. The trade deficit itself, writ large, is a
01:21great threat to our national security and economic security. And it's an
01:25emergency that we're dealing with. So this was like, this is like a really
01:31important mountain to climb. And we climbed that. And President Trump got up to the
01:36top of the mountain today. So let me, for those of you who haven't read the news yet,
01:41I mean, look, think about this. We get Europe reducing all their tariffs to zero. We
01:52continue our global tariff to fight the trade deficit at 15%. Wow. Secondly, we will impose
02:0315% tariffs on autos. It's a drop from the 25%. But remember, before President Trump took
02:10office, the tariff was 2.5% compared to 10% in Europe. So that's a great win. We maintain
02:20completely our tariffs on steel and aluminum without exemptions or exclusions. We're getting
02:27$750 billion worth of LNG purchases. We're getting $600 billion of investment here in the U.S.
02:36in our strategic sectors that we need to secure our supply chains and make them resilient. And we're
02:44getting Europe to buy more of our arms in cooperation with the uplifted NATO effort. I mean, in many
02:54ways, the Ukraine situation has been a total wake-up call for Europe. And so this is, we're
03:02ushering in a completely new and beautiful spirit and environment of cooperation with Europe. And
03:13nobody would have imagined the success of this. Anybody who criticizes Trump trade policy, including
03:21the courts right now, simply has to look at this magnificent achievement that President Trump
03:28has secured, not just for the American people, but for Europe and the security of the world.
03:34Okay, I'll stop there. So let's go to Eamon first, then we'll go here, and then we'll go here.
03:38Yes, sir.
03:38So today was the joint statement. Do you have a timeline now for how long before we see the binding
03:43legal language? That negotiation apparently still on?
03:46Yeah, I'll let you talk to you.
03:47In weeks, is that months?
03:48That's a Jameson Greer thing. But I have coined that expression in Trump time. We do things as fast
03:55as possible without screwing it up. So we're on that. I mean, it's a great deal for both of us. Why
04:01would we, why would we delay? Okay? Yes, ma'am. You're with.
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