00:00I thought it was an amazing meeting.
00:03He's a great leader, a leader of a very powerful, very strong country, China.
00:10And we, what can I say, we have, it was an outstanding
00:18group of decisions, I think, that was made. A lot of decisions were made. There wasn't too
00:23much left out there. We're in agreement on so many elements, large amounts, tremendous amounts of
00:34the soybeans and other farm products are going to be purchased immediately, starting immediately.
00:39If you notice, the presidency authorized yesterday for China to start, did you know that, right?
00:47China to start buying in very large quantities of soybeans and other things,
00:53which I appreciated. That was a very nice gesture.
00:57And many other things like that. We, on fentanyl, we agreed that he was going to work very hard to
01:07stop the flow. You know, it's a very complex subject because it's used for lots of different reasons,
01:13including, including anesthetics and things. But he's going to work very hard on it, precursors,
01:20and I think you're going to see some real action taken.
01:26I've agreed, as you know, I put a 20 percent tariff on China because of the fentanyl coming in,
01:32which is a big tariff. And based on his statements today, I reduced it by 10 percent. So
01:38it's 10 percent instead of 20 percent effective immediately. I believe he's going to work very
01:45hard to stop the death that's coming in. We did discuss chips, and he's going to be,
01:54they're going to be talking to Davidia and others about taking chips. Look, we make great chips. Davidia's
02:01the leader. And I'll be speaking to Jensen from Davidia, but they're going to be discussing that
02:08with Davidia to see whether or not they can do. I say that's really between you and Davidia,
02:13but we're sort of the arbitrator of the referee. It's a little rough up here. These guys,
02:19the skies are a little rough.
02:20I think pretty soon. We have not too many major stumbling blocks. We have a deal. Now, every year,
02:29we'll renegotiate the deal. But I think the deal will go on for a long time, long beyond the year.
02:35We'll negotiate at the end of the year. But all of the rare earth has been settled.
02:41And that's for the world. I mean, you know, worldwide. I guess you could really say this was
02:47a worldwide situation, not just the U.S. situation. So we continue to produce the rare earths and buy
02:54the rare earths and everything else, you know, when you see from other countries. But China is
03:00that whole situation, that roadblock is gone now. There's no roadblock at all.
03:06I'll be going to China in April. And he'll be coming here sometime after that,
03:15whether it's in Florida, Palm Beach, or Washington, D.C.
03:20Ukraine came up very strongly. We talked about it for a long time. And we're both going to work
03:26together to see if we can get something done. We agree the sides are, you know, locked in
03:32fighting. And sometimes you have to let them fight, I guess. Crazy. But he's going to help us,
03:37and we're going to work together on Ukraine. There's not a lot more we can do.
03:41I've said oil in the U.S.
03:43You know, he's been buying oil from Russia for a long time. It takes care of a big part of China.
03:49And, you know, I can say Hindi has been very good on that front. But we didn't really discuss the
03:58oil. We discussed working together to see if we could get that war finished.
04:02I thought it was a great meeting. I think it was a very friendly meeting.
04:08It was a good meeting for two very large, powerful countries. And that's the way we should get along
04:14with the large, powerful.
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