00:00Working with the Swiss, what we've done is we've identified the areas and the reasons why we have a big deficit with them in goods.
00:07And it really boils down to things like pharmaceuticals, gold, right, trade in gold, and a handful of other things.
00:15And so the Swiss, as part of their agreement, you know, they said we are going to have $200 billion in investment, you know, during President Trump's term,
00:23you know, starting with about $70 billion investment next year, and it will be in these areas.
00:28Because we expect that the Swiss will have a tariff rate similar to what the EU has, a 15% rate all in.
00:35We've really reached that critical mass where we've started to reshape the global trade system in a way that we think is better for America.
00:42And so now is the right time to, you know, to release some of these items that the President said he was going to release.
00:47And, I mean, when you look at Southeast Asia and South America, that's where we get a lot of this stuff.
00:51You know, the coffee, the cocoa, the bananas, those kinds of things.
00:54So this is a natural outgrowth of exactly what the President signaled, and that's what he's doing today.
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