Latest / Talk to Prince Show - Solving World's Problems / Prince Israel Zaar on: Tarrifs Are Here, Let the Negotiations Begin
Transcript
- 0:01Speaker 1: On the issue of tariffs, taken into consideration that almost
- 0:12Speaker 1: one and any countries have been tarifted and it's us
- 0:18Speaker 1: against the war and Americans has every reasons and our
- 0:26Speaker 1: right to do what the President did. Uh, pretty justification
- 0:34Speaker 1: of the from the president to balance our trade deficient
- 0:40Speaker 1: deficit and to prevent countries from taking advantage of America
- 0:50Speaker 1: and to create resist poker market relationship and in which
- 0:59Speaker 1: are you know they're non tariff the silent marketing strategy
- 1:10Speaker 1: that takes advantage of America to mitigate those circumstances. And
- 1:21Speaker 1: it's a deal, it's just a buggin and it's it's
- 1:27Speaker 1: a precedent to do that. It's a bold move, it's courageous,
- 1:33Speaker 1: it's patriotic, it's economically intelligent, but realistically a little bit ambivalent.
- 1:48Speaker 1: But it needs a precedent to to do his best
- 1:55Speaker 1: best to level the plain field for American businesses and
- 2:01Speaker 1: for American markets and foreign direct foreign investments and our
- 2:07Speaker 1: trade around the world because America is the biggest market
- 2:12Speaker 1: in many countries. Need almost every country and planet that
- 2:16Speaker 1: want wants to trade in America market want to do
- 2:20Speaker 1: business in America into the markets we suffer for the
- 2:27Speaker 1: short round the stock market will flock to it. And
- 2:34Speaker 1: based on sentiments of the market and the inconsistency of
- 2:40Speaker 1: the retaliation from various countries and big and small countries,
- 2:46Speaker 1: how their retaliation inconsistency effects the businesses that operates operate
- 2:56Speaker 1: in those countries. There is no country and planet that's
- 3:01Speaker 1: not doing picients with America. So America American self investment
- 3:06Speaker 1: in almost every country. And most of the things were
- 3:09Speaker 1: consumed in America and not made in America. And most
- 3:13Speaker 1: of the things made in America I considered high quality
- 3:17Speaker 1: things that are sought after around the world. And the
- 3:23Speaker 1: fear of the tariffs is the substitution of American markets
- 3:29Speaker 1: to some other markets and the effects on consumers. Part
- 3:36Speaker 1: of the tariffs will be will be or born by consumers.
- 3:43Speaker 1: And the tarists are out there and the presidents it's
- 3:48Speaker 1: serious on what he said, what he did, and what
- 3:51Speaker 1: is going on. And the way out of it is
- 3:56Speaker 1: compromise and negotiation. Right, countries can try their best to
- 4:01Speaker 1: negotiate with America with the compromise on the tariffs and
- 4:07Speaker 1: if they want to do business and trying to retaliate
- 4:11Speaker 1: with America on the very few countries like China can
- 4:15Speaker 1: do that. Most countries around the world are so dependent
- 4:19Speaker 1: on America that there will be much talk and less action,
- 4:27Speaker 1: you know, and just noise and rattling. And the end
- 4:33Speaker 1: of the day, we need to do business for the
- 4:38Speaker 1: warld and we should be careful that the countries shouldn't
- 4:43Speaker 1: abandon American businesses and and and shift the market to
- 4:50Speaker 1: unfriendly countries. We should take into consideration our CEOs and
- 4:59Speaker 1: what the stock market is signed. It's affects most of
- 5:05Speaker 1: the Great Great Seven companies and they're losing a lot
- 5:10Speaker 1: of money and they're building. It's a it's a tough
- 5:19Speaker 1: time for businesses. And even though we want the companies
- 5:22Speaker 1: to move to America, it's a it's not like looking
- 5:27Speaker 1: for a for a building to write to build. It's
- 5:30Speaker 1: a to wrint a building will take time. And to
- 5:33Speaker 1: move country and move a business from a different country
- 5:37Speaker 1: to America, it's not that urgent. It's not that immediate,
- 5:42Speaker 1: you know, but the prospect is goot. But actually realize
- 5:46Speaker 1: that it takes time, you know, the visibility of looking
- 5:50Speaker 1: for for land and property and relocational business and the
- 5:55Speaker 1: logistics and the employment and the employees and the equipments needed.
- 6:00Speaker 1: It does not. It takes some time for it to happen.
- 6:06Speaker 1: If those companies were to were to smoothing to deal
- 6:09Speaker 1: with the president, they to announce, you know, some companies
- 6:12Speaker 1: need to announce that they're coming to give that that
- 6:16Speaker 1: atmosphere positive, positive messaging, you know. But some some companies
- 6:25Speaker 1: we just worried, But we don't know why they should
- 6:29Speaker 1: be worried, because America will always be America, and once
- 6:32Speaker 1: we're in America, America is gipt for business. The tarists
- 6:37Speaker 1: will create panic, but in the long run, the tarist
- 6:42Speaker 1: is going to sink in and they're gonna end up
- 6:46Speaker 1: be in the battle between America and China. There's very
- 6:49Speaker 1: few countries who we have the economics terminal to to
- 6:54Speaker 1: go to economic war with America. Most countries we just
- 6:59Speaker 1: fall and in a weeks time the dow will normalize
- 7:03Speaker 1: some things from over. Some countries is going to play
- 7:08Speaker 1: the price, feed the painte the paint, and there'll be
- 7:12Speaker 1: some re allocations and restrategizing of businesses, either choosing to
- 7:19Speaker 1: decouver or to double down and take the risk and
- 7:26Speaker 1: the fear of inflation and researching it's obvious and even
- 7:33Speaker 1: if it be that we're in inflation or recession. Will
- 7:36Speaker 1: will be the first time, and we need to restructure
- 7:40Speaker 1: the globe economy to see that's the last last fight
- 7:45Speaker 1: that the American God, it's a last fight. And if
- 7:50Speaker 1: we cannot at least do this, and it means we
- 7:53Speaker 1: have given up to the number two economy. You must
- 7:57Speaker 1: stand up for what we think is good for American businesses.
- 8:02Speaker 1: It must take the risk to see where it takes us.
- 8:06Speaker 1: We just want to believe that the president and the
- 8:09Speaker 1: team and the economic teams that don't know what they're doing,
- 8:13Speaker 1: that they have soot the best advice and they're surrounded
- 8:16Speaker 1: by the best people, not by some some made up
- 8:22Speaker 1: humans and people who assumed no much and that they
- 8:27Speaker 1: don't know anything. Because economic is not it's not conspiracy,
- 8:34Speaker 1: it's not miss Misinformation does not apply with our economics,
- 8:38Speaker 1: and conspiracy doesn't apply. Mis education does not you know,
- 8:45Speaker 1: and propaganda in economics doesn't go economics. It's something miracles
- 8:49Speaker 1: reality and the panic is based on what politicians are
- 8:56Speaker 1: and inconsistency we create. An uncertainty is not good for
- 9:02Speaker 1: the market. It's good for politics, but it's not good.
- 9:06Speaker 1: It's not good for economics and when we start to
- 9:08Speaker 1: thinker your whole market, it's we should be sure that
- 9:15Speaker 1: we know what we are doing. We should be absolutely
- 9:19Speaker 1: sure because some expert and people know what they're doing.
- 9:26Speaker 1: Because it cannot take such a risk unless you absolutely
- 9:30Speaker 1: know that it's gonna be beneficial for America. See, the
- 9:38Speaker 1: economics is not a political thing. It's not a left
- 9:42Speaker 1: right thing. Economics, it's economics affects everybody to sign if
- 9:50Speaker 1: there is tarists and counter tariffs, and the American consumers
- 9:57Speaker 1: will feed the pain. And it comes to agriculture room us.
- 10:02Speaker 1: We very careful with our agricultural sector and those and
- 10:07Speaker 1: those farmers in the ural areas that that for centuries
- 10:12Speaker 1: that you know that the farming has been passed down
- 10:15Speaker 1: for generations to generations, and they know the market. It
- 10:19Speaker 1: takes them time to win these markets. And if we
- 10:25Speaker 1: take it away to tarists a counter taris he you
- 10:32Speaker 1: don't hurt these businesses and it willn't be the right thing.
- 10:36Speaker 1: Equally for the government to subsidize these farmers whom it
- 10:43Speaker 1: won't make any sense. We make the farmers lose money
- 10:47Speaker 1: and they will subsidize them. It takes with their dignity.
- 10:53Speaker 1: How to stabilize the market, and we are sure the
- 10:58Speaker 1: American people and to boost confidence on war Street need
- 11:08Speaker 1: savore fair in its craftmanship and in the public relation.
- 11:18Speaker 1: The president need to send economists out there to be
- 11:21Speaker 1: talking for him, the press secretary and all this. They
- 11:27Speaker 1: can do their best, but they're not economists. Need economists
- 11:30Speaker 1: to do with economics, need we need physicians to do health,
- 11:38Speaker 1: and we need military expert to do with military. He
- 11:43Speaker 1: was he was in need to have a team of
- 11:44Speaker 1: expert because the other countries like China, their plan their best,
- 11:50Speaker 1: having the best advice, and it's it. They got the
- 11:52Speaker 1: long term strategy and they have been planning for this
- 11:57Speaker 1: for a very long time. So it's not like a surprise.
- 12:01Speaker 1: So they just flipping a page and they don't need
- 12:05Speaker 1: to flip a page where we are scrambling. And we
- 12:11Speaker 1: must be sure what we're doing because they did the
- 12:14Speaker 1: economics is all. It's a capitalist country and a lot
- 12:17Speaker 1: of investments in America that we must be sure, no
- 12:23Speaker 1: matter our support to the party, it's not a party
- 12:27Speaker 1: something we must be sure with the American economy. You're
- 12:31Speaker 1: number one in that we're the greatest economy and planet Earth,
- 12:39Speaker 1: and it's for us to do everything to retain that
- 12:41Speaker 1: status that economies speak and that our financial gurus speak,
- 12:55Speaker 1: and long term strategies. You know, you should be able
- 12:59Speaker 1: to talk to listen to the CEOs and listen to
- 13:03Speaker 1: their consents. And I take it seriously because once they
- 13:09Speaker 1: start to bleed money, you know, it's affects our GDP
- 13:16Speaker 1: and our standing and there is an uncertainty brings to
- 13:20Speaker 1: the market and the volatility. It's not good for business.
- 13:30Speaker 1: The thing that Americans can raise are sure is that
- 13:34Speaker 1: the administration knows what it is doing, that it has
- 13:37Speaker 1: figured it out. I know something that American people don't
- 13:42Speaker 1: now for Americans to be surprised. And then for the President,
- 13:47Speaker 1: he said, I told you so that things will be okay.
- 13:52Speaker 1: We cannot be compling with the lives of Americans and
- 13:56Speaker 1: with the investment of CEOs. You know, we can do
- 14:01Speaker 1: the tariffs and to placate the CEOs by giving them
- 14:05Speaker 1: a huge tax skirt or tax breaks that in the surf.
- 14:09Speaker 1: It's just does not actually help us to better compete.
- 14:18Speaker 1: And they can use those task to do other things
- 14:20Speaker 1: for it. They might choose not invest it in the market.
- 14:23Speaker 1: They can do the buybacks strategies so they can do
- 14:27Speaker 1: other things with the tax skirt, but we should be
- 14:31Speaker 1: careful are tinkering with the economy, which is one to
- 14:37Speaker 1: believe that it's something that the administrations and those around
- 14:41Speaker 1: the administration now that the American people don't now. The
- 14:46Speaker 1: Americans are ignorant of the great things that are happening,
- 14:49Speaker 1: are coming, and those around the administration should be should
- 14:57Speaker 1: be mindful about the advice as you mention, that they
- 15:01Speaker 1: figure it out because many Americans are going to lose
- 15:05Speaker 1: their jobs. And some factories related to foreign investments somewhere
- 15:10Speaker 1: close and some new factories we come to America. We
- 15:16Speaker 1: take time for those factory to build. When they come here,
- 15:20Speaker 1: they need to go to state, state laws, local laws
- 15:25Speaker 1: and to buy property in America. It is a little bit,
- 15:30Speaker 1: you know, we should be able to figure this out,
- 15:35Speaker 1: and public relations need to be effective. Need economics and
- 15:41Speaker 1: and financeers, financial experts and stock expert If you send
- 15:49Speaker 1: these people out there to talk for you, it's the
- 15:53Speaker 1: populations and economics is very important in a time like this.
- 15:59Speaker 1: People need to know what is going on and to
- 16:02Speaker 1: have people who know what they're talking about. And we
- 16:13Speaker 1: should believe that things would be great. Things will be
- 16:16Speaker 1: good for Americans. We should trust in the American trust
- 16:21Speaker 1: in administration because the American people have given a four
- 16:25Speaker 1: year mandate, even though the word mandate is subjected to
- 16:32Speaker 1: debate by some better position. We should be sure that
- 16:38Speaker 1: that they trust invested in us by the American people,
- 16:43Speaker 1: and a shift by many demography to trust in the
- 16:47Speaker 1: president should not be in vain. Americans won't change, and
- 16:58Speaker 1: Americans have chosen their leaders. Americans just want to be
- 17:03Speaker 1: sure that those surrounding their leaders, I know what they're
- 17:08Speaker 1: talking about, we know what they're doing. I see you
- 17:13Speaker 1: understand what's going on. We're urging ourselves into an economic war,
- 17:23Speaker 1: into itally war for the rest of the war, and
- 17:30Speaker 1: some countries become hard on us, and some would fall,
- 17:36Speaker 1: some would seek negotiations. Who need to be ever unwilling
- 17:43Speaker 1: to go for negotations and create some early negotations, maybe
- 17:47Speaker 1: with the UK, countries that with some economies to make
- 17:53Speaker 1: that to be a way. Countries like Japan and South
- 17:56Speaker 1: Korea and some allied states that priest by the tarists,
- 18:00Speaker 1: we need to negotiate with them and to show the
- 18:03Speaker 1: public that is a way, that it's a way way
- 18:06Speaker 1: type of thing, and we should not let allies to dry,
- 18:10Speaker 1: if at least their allies, because what ally in the
- 18:13Speaker 1: new world, it's it's something. There'll be new alliances created
- 18:17Speaker 1: and relationships to phrase, a greater new world. In the
- 18:23Speaker 1: multipolar world, many countries are dependent on America, and American
- 18:30Speaker 1: spends a lot overseas, and our deficity is real, and
- 18:37Speaker 1: then boring sometimes become a problem and physical responsibility cannot
- 18:43Speaker 1: be taken, uh cannot be cannot be taken out of consideration.
- 18:54Speaker 1: And restructuring the government and our economic policies it's what
- 19:01Speaker 1: we're supposed to do. And realigning our consumption habits and
- 19:09Speaker 1: encouraging businesses to move back to America and invest in
- 19:13Speaker 1: America and employ Americans and be free from tarists. It's encouraging,
- 19:23Speaker 1: but sometimes must be aware of the longevity of such realizations.
- 19:31Speaker 1: As soon as the tardists, she'll not be something, she'lln't
- 19:35Speaker 1: be anything more than in nequisition strategy to bring countries
- 19:40Speaker 1: to the table. And when when that time company happens,
- 19:48Speaker 1: we should negotiata out of strength, should be strong, because
- 19:55Speaker 1: the world is watching and American people are watching. But the
- 20:00Speaker 1: same time we should we should be considerate un mindful
- 20:05Speaker 1: at the consequences of that tarifs, those tariffs on the
- 20:09Speaker 1: common people, On American people, there's the struggle from high
- 20:15Speaker 1: prices for groceries and with uncertain addition of inflations, offer
- 20:25Speaker 1: of tariffs and the cuts bin and on the burdom
- 20:28Speaker 1: being passed down on to the consumers just gonna put
- 20:32Speaker 1: a strain on the American population. And if American people
- 20:38Speaker 1: are willingly taking the shocks, then it should be that
- 20:42Speaker 1: there is a long term strategy how to make the
- 20:45Speaker 1: tarists may be short and to to to negotiate with
- 20:50Speaker 1: countries and see where the market market is growing with
- 20:54Speaker 1: the tariffs, and not to hesitate to to to roll
- 20:59Speaker 1: it back on certain countries if need be, because end
- 21:04Speaker 1: of the day, the tarists should are meant to profit
- 21:09Speaker 1: America and it shouldn't be a thing down the contrary,
- 21:15Speaker 1: you do make us lose a lot of money. The
- 21:19Speaker 1: talists are here. The reality is still certain and the
- 21:24Speaker 1: future is unpredictable, and inconsistency might follow fluctuations my becoming
- 21:36Speaker 1: and volatility. It cannot be rule out. And inflation is
- 21:45Speaker 1: in the corner here and recession is probable. But we
- 21:51Speaker 1: can't avoid all that if we believe in the market
- 21:57Speaker 1: and give the president a chance on condition dies. He
- 22:03Speaker 1: is surrounded by the best people. Philosopher Prince, They are intelligences.
- 22:13Speaker 1: Philosopher Prince is a reserved A pray fifth twenty twenty
- 22:26Speaker 1: five from the beautiful city of Las Vegas. On tariffs
- 22:36Speaker 1: and predictability and consistency, volatility and uncertainty, with the hopes
- 22:45Speaker 1: that things will be okay. I would trust in the administration.
- 22:50Speaker 1: I didn't know what they're doing, and that they're doing
- 22:53Speaker 1: everything to surround themselves with the best economists and financial
- 22:59Speaker 1: gurus to be able to lead America. It is difficult
- 23:04Speaker 1: times into victory. That's the hope. Does the drain. Thank
- 23:13Speaker 1: you