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President Donald Trump's Huge Tariff Update! · Elon Musk Thinking

• 0:00
  Speaker 1: Is going to be very interesting year. We have an
• 0:01
  Speaker 1: interesting time. We're making a fortune with tariffs. Two billion
• 0:06
  Speaker 1: dollars a day. Do you believe it? I was told
• 0:08
  Speaker 1: two billion dollars a day. You know, I get hit
• 0:10
  Speaker 1: by the press about tariffs. We're making two billion billion.
• 0:15
  Speaker 1: This is in thirty five million. That's peanuts, two billion
• 0:19
  Speaker 1: dollars a day. In addition, we have a lot of
• 0:21
  Speaker 1: countries coming to see us. They want to make a deal.
• 0:24
  Speaker 1: And I really think we're helped a lot by the
• 0:26
  Speaker 1: tariff situation that's going on, which is a good situation.
• 0:29
  Speaker 1: Not about it's great. It's going to be legendary. You
• 0:32
  Speaker 1: watch legendary in a positive way. I have to say
• 0:36
  Speaker 1: it's going to be legendary. And I do think that
• 0:38
  Speaker 1: the war with the world, which is not a war
• 0:40
  Speaker 1: at all, because they're all coming here. Japan is coming
• 0:43
  Speaker 1: here as we speak. They're in a plane flying, lots
• 0:46
  Speaker 1: of them. All tough negotiators, but things that people wouldn't
• 0:49
  Speaker 1: have given us two years ago, wouldn't have even thought
• 0:51
  Speaker 1: of it two years ago, three years ago, five years ago, seven.
• 0:55
  Speaker 1: They've given us everything. They don't want tariffs on themselves,
• 0:59
  Speaker 1: and it's very simple we're making deals and people are
• 1:03
  Speaker 1: paying tariffs. Countries are paying tariffs right now. China's paying
• 1:08
  Speaker 1: a one hundred and four percent tariff. Think of it,
• 1:10
  Speaker 1: one hundred and four percent. Now, it sounds ridiculous, but
• 1:13
  Speaker 1: they charged us for many items one hundred percent, one
• 1:16
  Speaker 1: hundred and twenty five percent. Many countries have. They've ripped
• 1:19
  Speaker 1: us off left and right. But now it's our turn
• 1:23
  Speaker 1: to do the ripping. That's okay. But the shrill voices
• 1:27
  Speaker 1: that you're hearing this week about tariffs are the same
• 1:30
  Speaker 1: scoundrels and frauds who never thought twice about when the
• 1:34
  Speaker 1: United States lost ninety thousand factories and plants. Think of that,
• 1:38
  Speaker 1: ninety thousand. How do you do ninety If you had
• 1:42
  Speaker 1: a map, a big map, the size of that wall,
• 1:44
  Speaker 1: and you had a pin for each factory, you would
• 1:46
  Speaker 1: have enough room. You think of it. Ninety thousand factories
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  Speaker 1: since NAFTA the worst trade deal in history, by the way,
• 1:54
  Speaker 1: and we had it terminated. Everybody said you'd never be
• 1:58
  Speaker 1: able to had to be terminated by Congress, and it
• 2:00
  Speaker 1: was not easy. It was so bad. You know, the
• 2:04
  Speaker 1: people have a lot of it's very interesting. They have
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  Speaker 1: a lot of power. They have a lot of political power.
• 2:09
  Speaker 1: It's hard to get even a bad deal terminator. But
• 2:11
  Speaker 1: we did do it and we gets USMCA, and that's
• 2:15
  Speaker 1: that's been really great. But when they cheat, it's not
• 2:19
  Speaker 1: so good. And they cheat, they do cheat. You know,
• 2:21
  Speaker 1: I respect Mexico, I respect Canada, but they cheat like hell.
• 2:26
  Speaker 1: You know, Canada charges for our dairy products two hundred
• 2:29
  Speaker 1: and seventy percent. Nobody knows that they charge you two
• 2:32
  Speaker 1: percent for the first two cartons of milk and after
• 2:35
  Speaker 1: that you go up to two hundred and seventy and
• 2:38
  Speaker 1: the presses they've only charged two percent. No, that's for
• 2:40
  Speaker 1: the first two cartons. So it's uh, you know, we
• 2:44
  Speaker 1: can't have that, and we have to be wise to
• 2:46
  Speaker 1: it and get along with everybody, but we have to
• 2:48
  Speaker 1: call people out. Six million manufacturing jobs were lost since NAFTO.
• 2:53
  Speaker 1: I'm glad to be the president for the workers, not
• 2:56
  Speaker 1: the outsources. The president stands up from Main Street now
• 3:00
  Speaker 1: Wall Street, who protects the middle class, not the political class,
• 3:04
  Speaker 1: and who defends America not trade cheaters. All over the globe.
• 3:08
  Speaker 1: They're trade cheaters. They cheated on us, they cheated with
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  Speaker 1: tariffs on us, They stole our money. They stole our jobs.
• 3:15
  Speaker 1: And now people are going around saying, oh, we're not
• 3:18
  Speaker 1: treating them right now, we're treating them very good. Actually
• 3:21
  Speaker 1: they're lucky. We're treating them so good. And you know
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  Speaker 1: when I have tariffs and I say, well, we're going
• 3:27
  Speaker 1: to charge what they did. We're going to charge what
• 3:29
  Speaker 1: they did, and then I say, I'm going to charge
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  Speaker 1: much less than they did. Believe me, we're actually being
• 3:34
  Speaker 1: nice about it. But we're doing very well, better than
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  Speaker 1: we've ever done before. My job is not to maximize
• 3:41
  Speaker 1: the profits of outsources and foreign car I mean, these
• 3:45
  Speaker 1: foreign corporations are horrible. It's horrible what they're doing. But
• 3:50
  Speaker 1: we're catching them. We're catching them by the dozens. My
• 3:53
  Speaker 1: job is to defend the I have to defend the
• 3:55
  Speaker 1: American dream and I have to defend the American citizens.
• 4:00
  Speaker 1: My job I have to defend that the American dream
• 4:02
  Speaker 1: is never mentioned. It was mentioned for four years and
• 4:06
  Speaker 1: now it's being mentioned again, but it was never mentioned.
• 4:08
  Speaker 1: The United States has been getting ripped off for fifty
• 4:11
  Speaker 1: years and we're simply not going to take it anymore.
• 4:15
  Speaker 1: And that's what's happening right now. In nineteen fifty, the
• 4:18
  Speaker 1: United States dominated lobo auto production, producing more than seventy
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  Speaker 1: five percent of all of the cars on I think
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  Speaker 1: of that, seventy five percent and even higher before that.
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  Speaker 1: Today we produce eleven percent, while China produces three times
• 4:32
  Speaker 1: more than we do. Let me tell you something with
• 4:34
  Speaker 1: the tariffs that we're doing is you know, we have
• 4:36
  Speaker 1: tariffs on automobiles aluminum seal separate from the other tariffs,
• 4:42
  Speaker 1: the baseline we call it. Companies are pouring back into
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  Speaker 1: our country with plants. There's a run on sites. There's
• 4:49
  Speaker 1: a run on old plants. Most of them are being
• 4:52
  Speaker 1: ripped down for new plants. They stopped building in Mexico,
• 4:56
  Speaker 1: four or five plants, and they're all coming into the
• 4:59
  Speaker 1: United States. I know what the hell I'm doing. I
• 5:02
  Speaker 1: know what I'm doing, and you know what I'm doing too.
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  Speaker 1: That's why you vote for me. And the chip makers
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  Speaker 1: are coming in. They're all coming in. We've never had
• 5:11
  Speaker 1: anything like this. We have investment. They think of about
• 5:14
  Speaker 1: seven think of this, seven trillion dollars and that's been
• 5:18
  Speaker 1: in a month and a half. Think of that for
• 5:21
  Speaker 1: the first Like, you've got to give me a little
• 5:23
  Speaker 1: time to get warmed up with that. So let's take
• 5:26
  Speaker 1: the first couple of weeks off for about a month
• 5:29
  Speaker 1: and a half, we got seven almost seven trillion dollars
• 5:34
  Speaker 1: spoken for trillion. We've never had that. I don't know
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  Speaker 1: if we've ever had it any time. These are the
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  Speaker 1: biggest chip makers in the world, the biggest auto manufacturers
• 5:43
  Speaker 1: in the world. Seven trillion dollars of investment, and that
• 5:46
  Speaker 1: means jobs. I look at differently, not investment. I look
• 5:49
  Speaker 1: at it as jobs. And they're coming in at levels
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  Speaker 1: that we've never seen before. And it is true that
• 5:55
  Speaker 1: Mexico they've stopped building plans, so those plants are now
• 5:58
  Speaker 1: going to be built in the United States America. So
• 6:01
  Speaker 1: it's pretty exciting. Well, because of two things. They say.
• 6:04
  Speaker 1: They want to be nice to me. They say, sir,
• 6:06
  Speaker 1: because of November fifth, the election, and because of tariffs.
• 6:10
  Speaker 1: I said in that order, and the smart one say yes, sir.
• 6:14
  Speaker 1: First was that you got elected, and second was tariffs.
• 6:17
  Speaker 1: And I'll accept that, you know, but I will tell
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  Speaker 1: you because of tariff's but I'm the only one that
• 6:22
  Speaker 1: would have done the tariffs because everybody was afraid. They
• 6:25
  Speaker 1: were afraid of being criticized, because the globalists will go
• 6:28
  Speaker 1: after you for seven decades, American ships have patrolled the seas,
• 6:32
  Speaker 1: American troops have kept the pace and peace, and American
• 6:36
  Speaker 1: wealth has enriched the globe. But despite all we have
• 6:40
  Speaker 1: given to them, you will not find an American car
• 6:43
  Speaker 1: in Berlin, in Tokyo, in Seoul and Shanghai, not a car.
• 6:48
  Speaker 1: I used to say to Angel America, Angola, how many
• 6:51
  Speaker 1: Chevrolets do we have in Berlin? Why? None? Donald, None,
• 6:55
  Speaker 1: That's right, Angola, you got it. How many Chevrolets do
• 6:59
  Speaker 1: you think we have in Munich Angola none? Donald, I said,
• 7:03
  Speaker 1: you sent us seven million cars last year, So we're
• 7:08
  Speaker 1: going to start buying American made cars or cars that
• 7:11
  Speaker 1: are manufactured in America. In China, as you know, is
• 7:16
  Speaker 1: one of the bigger offenders. And it's not all China. Look,
• 7:19
  Speaker 1: I get along with Presidency. I have over the years,
• 7:22
  Speaker 1: but you know you just when COVID came, that was
• 7:26
  Speaker 1: the end. That was it. That was called the bridge
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  Speaker 1: too far. But I've always had a good relationship with
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  Speaker 1: a very smart guy. Loves his country. I love our countries,
• 7:35
  Speaker 1: so you know we love our country, he loves his.
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  Speaker 1: I tell that to other leaders, you got to fight
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  Speaker 1: for your country. You're not going to fight for us,
• 7:43
  Speaker 1: but we can't fight for you. We're fighting for other countries.
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  Speaker 1: We're trying to make them great without making us great.
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  Speaker 1: But those days are over. They steal our intellectual property,
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  Speaker 1: they rob our trade secrets. They manipulate their currency to
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  Speaker 1: levels that have never been seen before. Today it was
• 8:00
  Speaker 1: announced that China is reducing its currency. Did you see that, big? Big?
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  Speaker 1: In other words, they're going to make up for it.
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  Speaker 1: They got every trick on the book. I'll tell you
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  Speaker 1: they are great. You got to hand it to them.
• 8:12
  Speaker 1: You got to hand it to them. They're manipulating their
• 8:15
  Speaker 1: currency today as an offset against the tariffs. Not supposed
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  Speaker 1: to do that. The game isn't supposed to be played
• 8:21
  Speaker 1: that way. It makes it very hard for us. But
• 8:25
  Speaker 1: in the end it's not good because they have to
• 8:27
  Speaker 1: buy oil. See we don't need oil. We don't need oil,
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  Speaker 1: and guess we have more than any other country. They
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  Speaker 1: have to buy it. That's where it hurts them. When
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  Speaker 1: they do that. It costs them twice as much, and
• 8:36
  Speaker 1: they ship their products through every one of our trading partners,
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  Speaker 1: running up our deficits. With these countries, they sell a lot.
• 8:45
  Speaker 1: You know, when you put a tariff on them. They
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  Speaker 1: sell it. Like with steel, they were dumping tremendous amounts
• 8:51
  Speaker 1: of steel into our country. During my term, I saved
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  Speaker 1: every steel milly. We only have steel mills because of
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  Speaker 1: what I did. I put a high tariff on them
• 9:00
  Speaker 1: twenty five and then fifty percent, and it stopped. It stopped.
• 9:05
  Speaker 1: They were dumping so much. To you, we would have
• 9:07
  Speaker 1: lost every single seal mill. The people that liked me
• 9:10
  Speaker 1: best are the people in the seal business. But I
• 9:12
  Speaker 1: think the auto business is going to be right there.
• 9:15
  Speaker 1: I think gyps are going to be there. I think
• 9:16
  Speaker 1: pharmaceuticals are going to be there, because you know, we
• 9:21
  Speaker 1: don't make our own pharmaceuticals, drugs and other things to
• 9:25
  Speaker 1: get better, they're made in other countries and you pay
• 9:29
  Speaker 1: a number. I mean, the same package in our country
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  Speaker 1: compared to like London and other places is sometimes ten
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  Speaker 1: times more. Ten times more. Something that sells for eighty
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  Speaker 1: eight dollars in London sells that thirteen hundred dollars here,
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  Speaker 1: made of the same factory by the same company. And
• 9:51
  Speaker 1: that's over. I told them all that's over. They put
• 9:55
  Speaker 1: all of their research and develop money, they put everything,
• 9:58
  Speaker 1: but what they don't tell you is that these other
• 10:00
  Speaker 1: countries are smart. They say you can't charge more than
• 10:02
  Speaker 1: eighty eight dollars, otherwise you can't sell your product, and
• 10:07
  Speaker 1: the drug companies listen to them. But we're going to
• 10:10
  Speaker 1: do something that we have to do. We're gonna put
• 10:13
  Speaker 1: We're going to tariff our pharmaceuticals. And once we do that,
• 10:16
  Speaker 1: they're going to come rushing back into our country because
• 10:19
  Speaker 1: we're a big market. The advantage we have over everybody
• 10:22
  Speaker 1: is that we're the big market. So we're going to
• 10:24
  Speaker 1: be announcing very shortly a major tariff on pharmaceuticals. And
• 10:29
  Speaker 1: when you and when they hear that, they will leave China,
• 10:34
  Speaker 1: they will leave other places because they have to sell.
• 10:36
  Speaker 1: Most of their product is sold here, and they're going
• 10:39
  Speaker 1: to be opening up their plants all over the place
• 10:41
  Speaker 1: in our country. We're going to be announcing that. So
• 10:44
  Speaker 1: that's breaking news, ladies and gentlemen. We have breaking news.
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  Speaker 1: That's what's going to happen. What other presidents allow China
• 10:51
  Speaker 1: to get away with is absolutely criminal. But I'm not
• 10:54
  Speaker 1: like the other presidents, and it's not going to happen
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  Speaker 1: under President Trump. It's just not going to happen. And
• 11:00
  Speaker 1: after all, of the abuses they've perpetrated. China's attempting to
• 11:05
  Speaker 1: impose additional unjustified tariffs just so you understand, they all
• 11:09
  Speaker 1: got rich because of the tariffs. You know, now when
• 11:11
  Speaker 1: we do it all, it's so terrible what Trump is doing.
• 11:14
  Speaker 1: It's so terrible. They got rich, and not only China,
• 11:17
  Speaker 1: many countries. I mean, you look at Vietnam, you look
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  Speaker 1: at so many. I could name fifty right now. Biden
• 11:24
  Speaker 1: couldn't do that. He couldn't name any name, one country,
• 11:27
  Speaker 1: name any country. What's the name of our country? He
• 11:29
  Speaker 1: doesn't know. That's why additional tariffs and Chinese goods are
• 11:33
  Speaker 1: in place, effective midnight tonight at one hundred and four
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  Speaker 1: percent until they make a deal with us. That's what
• 11:40
  Speaker 1: it's going to be. I think they'll make a deal
• 11:41
  Speaker 1: at some point. China will. They want to make a deal,
• 11:45
  Speaker 1: They really do. They want to make a deal. They
• 11:47
  Speaker 1: just don't know how to get it started because they're
• 11:49
  Speaker 1: proud people. China will now pay a big number to
• 11:54
  Speaker 1: our treasury. Is all taxes. And don't let them keep
• 11:58
  Speaker 1: telling you that this is a tax on our people.
• 12:00
  Speaker 1: I hate that, you know, they say it's a tax.
• 12:02
  Speaker 1: Now often much of it is paid. And hey, look
• 12:06
  Speaker 1: what happened during my first term. We had no inflation,
• 12:09
  Speaker 1: and yet I took in hundreds of billions of dollars
• 12:12
  Speaker 1: in tariffs and taxes from China. No other president got
• 12:17
  Speaker 1: ten cents in tariffs or taxes from China. I got
• 12:22
  Speaker 1: hundreds of billions of dollars, hundreds of billions of dollars,
• 12:26
  Speaker 1: and I still got along with it because they understood
• 12:28
  Speaker 1: what they were doing was wrong. They understood it. It's
• 12:32
  Speaker 1: when you explain it, they say. I've had numerous leaders
• 12:36
  Speaker 1: tell me you're right, sir. I was waiting for you
• 12:39
  Speaker 1: to bring this up because some of the trade deals
• 12:41
  Speaker 1: that were made by predecessors as president was so bad
• 12:46
  Speaker 1: you almost wonder who did these deals. They were either
• 12:48
  Speaker 1: crooked or stupid. There can be nothing else. They're either
• 12:51
  Speaker 1: stupid or crooked. It's terrible, but it's all being changed.
• 12:54
  Speaker 1: I change a lot of it in the first four years,
• 12:56
  Speaker 1: but it's all being changed. You know. In the first
• 12:58
  Speaker 1: four years, we have the most successful in history in
• 13:00
  Speaker 1: terms of economics. We had eighty eight percent increase in
• 13:04
  Speaker 1: the stock markets. We had an eighty eight percent increase.
• 13:07
  Speaker 1: Has never been any president that had an eighty eight
• 13:11
  Speaker 1: percent increase. We had eighty eight percent and do a
• 13:15
  Speaker 1: lot of happy people. And I think we're going to
• 13:17
  Speaker 1: do much better than that this time, because this time
• 13:19
  Speaker 1: I'm doing what I want to do with respect to
• 13:22
  Speaker 1: the tariffs. I think we're going to do much better.
• 13:24
  Speaker 1: And just remember the numbers. When you get up to
• 13:26
  Speaker 1: two billion a day, two billion a day. They're saying, sir,
• 13:30
  Speaker 1: tip you that tenant. I said, yeah, I can. It's
• 13:32
  Speaker 1: the biggest, the biggest transaction ever made. This is bigger
• 13:36
  Speaker 1: than any deal. You guys, some of you work for companies,
• 13:39
  Speaker 1: your companies of peanuts. I don't care how big they
• 13:41
  Speaker 1: are compared. It is the largest transaction in the history
• 13:44
  Speaker 1: of our country. And don't let some of these policies
• 13:47
  Speaker 1: to go around say you know, because I'm telling you,
• 13:50
  Speaker 1: these countries are calling us up, kissing my ass. They are.
• 13:55
  Speaker 1: They are dying to make it you please, please make
• 13:58
  Speaker 1: it to you. I'll do anything. I'll do anything, sir.
• 14:01
  Speaker 1: And then I'll see some rebel Republican, you know, some
• 14:04
  Speaker 1: guy that wants to grandstand say I think that Congress
• 14:08
  Speaker 1: should take over negotiations. Let me tell you, you don't negotiate
• 14:11
  Speaker 1: like I negotiate. Congress takes over negotiating sell America fast
• 14:17
  Speaker 1: because you're gonna go bust it. You don't. I just
• 14:20
  Speaker 1: saw it today. A couple of your congressmen s there,
• 14:22
  Speaker 1: I think we should get involved in the negotiation of
• 14:25
  Speaker 1: the tariffs. So that's what I need. I need some
• 14:28
  Speaker 1: some guy telling me how to negotiate. I tell you,
• 14:30
  Speaker 1: the happiest people in the world would be China. They
• 14:33
  Speaker 1: wouldn't be paying one hundred and four percent. I tell you,
• 14:35
  Speaker 1: they'd be paying no percent, would be paying them one
• 14:37
  Speaker 1: hundred and four percent. That's the beauties. These guys. We
• 14:40
  Speaker 1: gotta be careful, and even the concept of it hurts
• 14:43
  Speaker 1: your negotiation. When they see a little story like that
• 14:46
  Speaker 1: the other side, you know, it hurts your negotiation. And
• 14:49
  Speaker 1: then the fake news wants to build it up and
• 14:51
  Speaker 1: it has no chance anyway.