[English]
ISRAEL’S WAR HERO AND THANKING
PRESIDENT TRUMP FOR BEING THE
PRESIDENT TRUMP FOR BEING THE
BEST FRIEND ISRAEL HAS EVER HAD.
BEST FRIEND ISRAEL HAS EVER HAD.
THE PRESIDENT ADDRESSED CHINESE
THE PRESIDENT ADDRESSED CHINESE
TRADE TENSIONS ON AIR FORCE ONE
TRADE TENSIONS ON AIR FORCE ONE
THIS MORNING AS HE WAS HEADED TO
THIS MORNING AS HE WAS HEADED TO
ISRAEL.
ISRAEL.
WATCH.
WATCH.
>> I THINK WE’RE GOING TO BE
>> I THINK WE’RE GOING TO BE
FINE WITH CHINA.
FINE WITH CHINA.
I HAVE A GREAT RELATIONSHIP WITH
I HAVE A GREAT RELATIONSHIP WITH
PRESIDENT XI.
PRESIDENT XI.
HE’S A VERY TOUGH MAN.
HE’S A VERY TOUGH MAN.
HE’S A VERY SMART MAN.
HE’S A VERY SMART MAN.
HE’S A GREAT LEADER FOR THEIR
HE’S A GREAT LEADER FOR THEIR
COUNTRY.
COUNTRY.
HE’S A GREAT LEADER.
HE’S A GREAT LEADER.
AND I HAVE A GREAT RELATIONSHIP
AND I HAVE A GREAT RELATIONSHIP
WITH HIM.
WITH HIM.
I THINK WE’LL GET IT SET.
I THINK WE’LL GET IT SET.
MARIA: CHINA REPORTING ITS
MARIA: CHINA REPORTING ITS
EXPORTS TO THE UNITED STATES
EXPORTS TO THE UNITED STATES
PLUMMETED 27% IN SEPTEMBER YEAR
PLUMMETED 27% IN SEPTEMBER YEAR
OVER YEAR, SAYING THAT ITS
OVER YEAR, SAYING THAT ITS
GLOBAL EXPORTS ARE AT A NEW
GLOBAL EXPORTS ARE AT A NEW
HIGH.
HIGH.
PRESIDENT TRUMP IMPOSING AN
PRESIDENT TRUMP IMPOSING AN
ADDITIONAL 100% TARIFF ON
ADDITIONAL 100% TARIFF ON
CHINESE GOODS WITH NEW CONTROLS
CHINESE GOODS WITH NEW CONTROLS
ON CRITICAL SOFTWARE, SET TO
ON CRITICAL SOFTWARE, SET TO
TAKE EFFECT NOVEMBER 1st.
TAKE EFFECT NOVEMBER 1st.
THAT WAS IN RESPONSE TO LAST
THAT WAS IN RESPONSE TO LAST
WEEK’S NEWS THAT BEIJING
WEEK’S NEWS THAT BEIJING
ATHANSED MAJOR NEW EXPORT
ATHANSED MAJOR NEW EXPORT
CONTROLS INCLUDING RARE EARTH
CONTROLS INCLUDING RARE EARTH
MINERALS CONTROLS AND EXPORT
MINERALS CONTROLS AND EXPORT
RESTRICTIONS.
RESTRICTIONS.
THE PRESIDENT CALLED THE MOVE
THE PRESIDENT CALLED THE MOVE
HOSTILE AND A MORAL DISGRACE.
HOSTILE AND A MORAL DISGRACE.
BEIJING VOWED TO RETALIATE IF
BEIJING VOWED TO RETALIATE IF
THE PRESIDENT DOES NOT BACK DOWN
THE PRESIDENT DOES NOT BACK DOWN
WITH ANY ADDITIONAL TARIFFS BUT
WITH ANY ADDITIONAL TARIFFS BUT
PRESIDENT TRUMP IS QUELLING
PRESIDENT TRUMP IS QUELLING
INVESTOR FEARS, SAYING THIS WILL
INVESTOR FEARS, SAYING THIS WILL
ALL WORK OUT.
ALL WORK OUT.
THE PRESIDENT POSTED DON’T WORRY
THE PRESIDENT POSTED DON’T WORRY
ABOUT CHINA, IT WILL ALL BE
ABOUT CHINA, IT WILL ALL BE
FINE, HIGHLY RESPECTED PRESIDENT
FINE, HIGHLY RESPECTED PRESIDENT
XI JINPING HAD A BAD MOMENT.
XI JINPING HAD A BAD MOMENT.
HE DOES NOT WANT DEPRESSION FOR
HE DOES NOT WANT DEPRESSION FOR
HIS COUNTRY AND NEITHER DO I.
HIS COUNTRY AND NEITHER DO I.
THE USA WANTS TO HELP CHINA, NOT
THE USA WANTS TO HELP CHINA, NOT
HURT IT.
HURT IT.
I SPOKE WITH VICE PRESIDENT JD
I SPOKE WITH VICE PRESIDENT JD
VANCE ABOUT IT YESTERDAY ON
VANCE ABOUT IT YESTERDAY ON
SUNDAY MORNING FUTURES.
SUNDAY MORNING FUTURES.
>> THEY BASICALLY NOT JUST WITH
>> THEY BASICALLY NOT JUST WITH
THE UNITED STATES BUT WITH THE
THE UNITED STATES BUT WITH THE
ENTIRE WORLD THREATENED TO
ENTIRE WORLD THREATENED TO
COMPLETELY CUT OFF TRADE FOR
COMPLETELY CUT OFF TRADE FOR
CRITICAL RESOURCES, CRITICAL
CRITICAL RESOURCES, CRITICAL
MINERALS, THINGS THAT ALL OF US
MINERALS, THINGS THAT ALL OF US
RELY ON AND WHAT THE UNITED
RELY ON AND WHAT THE UNITED
STATES HAS IS WE HAVE A LOT OF
STATES HAS IS WE HAVE A LOT OF
LEVERAGE.
LEVERAGE.
WE ALSO THINK WE CAN HAVE A
WE ALSO THINK WE CAN HAVE A
POSITIVE RELATIONSHIP WITH THE
POSITIVE RELATIONSHIP WITH THE
PEOPLE’S REPUBLIC OF CHINA BUT
PEOPLE’S REPUBLIC OF CHINA BUT
NOT IF THE CHINESE GO DOWN THIS
NOT IF THE CHINESE GO DOWN THIS
PATHWAY OF CUTTING OFF THE
PATHWAY OF CUTTING OFF THE
ENTIRE WORLD FROM ACCESS TO SOME
ENTIRE WORLD FROM ACCESS TO SOME
OF THE GOODS THAT THEY PRODUCE
OF THE GOODS THAT THEY PRODUCE
AND THIS REALLY HIGHLIGHTS WHY
AND THIS REALLY HIGHLIGHTS WHY
THE PRESIDENT, IT WAS SO
THE PRESIDENT, IT WAS SO
IMPORTANT THAT HE DECLARED A
IMPORTANT THAT HE DECLARED A
NATIONAL EMERGENCY AND
NATIONAL EMERGENCY AND
IMPLEMENTED THE TARIFFS IN THE
IMPLEMENTED THE TARIFFS IN THE
FIRST PLACE.
FIRST PLACE.
THE FACT THAT THE PEOPLE’S
THE FACT THAT THE PEOPLE’S
REPUBLIC OF CHINA, THE FACT THEY
REPUBLIC OF CHINA, THE FACT THEY
HAVE SO MUCH CONTROL OVER
HAVE SO MUCH CONTROL OVER
CRITICAL SUPPLY IN THE UNITED
CRITICAL SUPPLY IN THE UNITED
STATES OF AMERICA, THAT IS THE
STATES OF AMERICA, THAT IS THE
DEFINITION OF A NATIONAL
DEFINITION OF A NATIONAL
EMERGENCY BUT UNLESS WE HAVE
EMERGENCY BUT UNLESS WE HAVE
ACCESS TO THIS TARIFF AUTHORITY
ACCESS TO THIS TARIFF AUTHORITY
IT WILL BE VERY HARD TO
IT WILL BE VERY HARD TO
NEGOTIATE WITH CHINA AND IT WILL
NEGOTIATE WITH CHINA AND IT WILL
BE VERY HARD FOR US TO RESHORE
BE VERY HARD FOR US TO RESHORE
SOME OF THESE CRITICAL SUPPLIES
SOME OF THESE CRITICAL SUPPLIES
AND GOODS THAT WE ABSOLUTELY
AND GOODS THAT WE ABSOLUTELY
NEED FOR OUR OWN ECONOMY.
NEED FOR OUR OWN ECONOMY.
MARIA: JOINING ME NOW IS THE
MARIA: JOINING ME NOW IS THE
GATESTONE INSTITUTE SENIOR
GATESTONE INSTITUTE SENIOR
FELLOW, GORDON CHANG.
FELLOW, GORDON CHANG.
GORDON, THINGS ARE CERTAINLY
GORDON, THINGS ARE CERTAINLY
DETERIORATING BETWEEN THE U.S.
DETERIORATING BETWEEN THE U.S.
AND CHINA.
AND CHINA.
WE THINK THE MEETING BETWEEN
WE THINK THE MEETING BETWEEN
PRESIDENT TRUMP AND XI JINPING
PRESIDENT TRUMP AND XI JINPING
IS ON AT THE END OF THE MONTH
IS ON AT THE END OF THE MONTH
BUT WE’RE NOT SURE AFTER THESE
BUT WE’RE NOT SURE AFTER THESE
MOST RECENT ISSUES WITH 100%
MOST RECENT ISSUES WITH 100%
TARIFF NOW FROM PRESIDENT TRUMP
TARIFF NOW FROM PRESIDENT TRUMP
ON CHINA.
ON CHINA.
YOUR REACTION?
YOUR REACTION?
>> WELL, FIRST OF ALL, WE ARE
>> WELL, FIRST OF ALL, WE ARE
SEEING A LOT OF FRICTION INSIDE
SEEING A LOT OF FRICTION INSIDE
THE CHINESE POLITICAL SYSTEM
THE CHINESE POLITICAL SYSTEM
WHICH YOU’VE BEEN TALKING ABOUT
WHICH YOU’VE BEEN TALKING ABOUT
SINCE FEBRUARY.
SINCE FEBRUARY.
AND THAT MEANS NOBODY IN BEIJING
AND THAT MEANS NOBODY IN BEIJING
IS WILLING TO MAKE SERIOUS
IS WILLING TO MAKE SERIOUS
CONCESSIONS TO THE UNITED STATES
CONCESSIONS TO THE UNITED STATES
BECAUSE THAT’S POLITICALLY
BECAUSE THAT’S POLITICALLY
DANGEROUS.
DANGEROUS.
BUT ALSO, THERE’S ANOTHER FACTOR
BUT ALSO, THERE’S ANOTHER FACTOR
AND THAT IS XI JINPING AT THIS
AND THAT IS XI JINPING AT THIS
MOMENT IS EXTREMELY ARROGANT AND
MOMENT IS EXTREMELY ARROGANT AND
I’M NOT SURE THAT HE’S CLEARLY
I’M NOT SURE THAT HE’S CLEARLY
IN TOUCH WITH THE ECONOMIC
IN TOUCH WITH THE ECONOMIC
REALITIES OF THE RELATIONSHIP
REALITIES OF THE RELATIONSHIP
BETWEEN THE U.S. AND CHINA AND
BETWEEN THE U.S. AND CHINA AND
HE THINKS HE PROBABLY HAS A LOT
HE THINKS HE PROBABLY HAS A LOT
MORE BARGAINING POWER THAN HE IN
MORE BARGAINING POWER THAN HE IN
FACT HAS.
FACT HAS.
AS OUR VICE PRESIDENT SAID, WE
AS OUR VICE PRESIDENT SAID, WE
HAVE ENORMOUS LEVERAGE OVER THE
HAVE ENORMOUS LEVERAGE OVER THE
CHINESE ECONOMY.
CHINESE ECONOMY.
WE’RE THE TRADE DEFICIT COUNTRY.
WE’RE THE TRADE DEFICIT COUNTRY.
THAT MEANS WE HOLD MOST OF THE
THAT MEANS WE HOLD MOST OF THE
HIGH CARDS IN ALL OF THIS.
HIGH CARDS IN ALL OF THIS.
MARIA: YEAH.
MARIA: YEAH.
AND I ALSO SPOKE WITH VICE
AND I ALSO SPOKE WITH VICE
PRESIDENT JD VANCE ABOUT WHAT
PRESIDENT JD VANCE ABOUT WHAT
THE U.S. IS GOING TO DO NEXT TO
THE U.S. IS GOING TO DO NEXT TO
STOP CHINA’S AGGRESSIVENESS AND
STOP CHINA’S AGGRESSIVENESS AND
I MENTIONED ONCE AGAIN ALL THOSE
I MENTIONED ONCE AGAIN ALL THOSE
CHINESE COMPANIES WE HAVE HERE
CHINESE COMPANIES WE HAVE HERE
IN AMERICA TRADING ON OUR
IN AMERICA TRADING ON OUR
EXCHANGES THAT ARE TIED TO THE
EXCHANGES THAT ARE TIED TO THE
CHINESE MILITARY.
CHINESE MILITARY.
WATCH.
WATCH.
YOU DO HAVE ECONOMIC LEVERAGE.
YOU DO HAVE ECONOMIC LEVERAGE.
YOU’VE GOT LOTS OF CHINESE
YOU’VE GOT LOTS OF CHINESE
COMPANIES TRADED ON U.S.
COMPANIES TRADED ON U.S.
EXCHANGES RIGHT NOW.
EXCHANGES RIGHT NOW.
MANY OF THOSE ARE TIED TO THE
MANY OF THOSE ARE TIED TO THE
CHINESE MILITARY.
CHINESE MILITARY.
WOULD YOU SUPPORT YANKING THOSE
WOULD YOU SUPPORT YANKING THOSE
COMPANIES OFF OF OUR U.S.
COMPANIES OFF OF OUR U.S.
EXCHANGES, AMERICA’S EXCHANGES
EXCHANGES, AMERICA’S EXCHANGES
ARE THE DEEPEST, MOST LIQUID
ARE THE DEEPEST, MOST LIQUID
CAPITAL MARKETS THEY THE IN THE
CAPITAL MARKETS THEY THE IN THE
>> SO MARIA, THE PRESIDENT IS
>> SO MARIA, THE PRESIDENT IS
OPEN TO EVERYTHING AND HE’S
OPEN TO EVERYTHING AND HE’S
GOING TO PURSUE OBVIOUSLY
GOING TO PURSUE OBVIOUSLY
AMERICA’S INTEREST DECISIVELY.
AMERICA’S INTEREST DECISIVELY.
THE RARE EARTH MEDICINE
THE RARE EARTH MEDICINE
RAILINGS,MINERALS,MAGNETS, SILIC
RAILINGS,MINERALS,MAGNETS, SILIC
INVENTED IN THE UNITED STATES OF
INVENTED IN THE UNITED STATES OF
MOSHING NOW TAIWAN OFF THE COAST
MOSHING NOW TAIWAN OFF THE COAST
OF CHINA MAKES 100% OF THE
OF CHINA MAKES 100% OF THE
COMPUTER CHIPS IN THE WORLD
COMPUTER CHIPS IN THE WORLD
ECONOMY.
ECONOMY.
WE WERE PUT IN THIS POSITION BY
WE WERE PUT IN THIS POSITION BY
FAILED LEADERSHIP.
FAILED LEADERSHIP.
IT’S A NATIONAL EMERGENCY AND
IT’S A NATIONAL EMERGENCY AND
THE PRESIDENT IS DOING
THE PRESIDENT IS DOING
EVERYTHING HE CAN TO GET US OUT
EVERYTHING HE CAN TO GET US OUT
OF THIS MESS.
OF THIS MESS.
IT’S NOT GOING TO HAPPEN IN
IT’S NOT GOING TO HAPPEN IN
EIGHT MONTHS.
EIGHT MONTHS.
IT’S GOING TO HAPPEN IN SOME
IT’S GOING TO HAPPEN IN SOME
CASES THROUGH NEGOTIATION, IN
CASES THROUGH NEGOTIATION, IN
SOME CASES THROUGH BRINGING CLIT
SOME CASES THROUGH BRINGING CLIT
CONSIDERCRITICAL PLYBRING KITE.
CONSIDERCRITICAL PLYBRING KITE.
WE’RE GOING TO FIND OUT A LOT IN
WE’RE GOING TO FIND OUT A LOT IN
THE WEEKS TO COME ABOUT WHETHER
THE WEEKS TO COME ABOUT WHETHER
CHINA WANTS TO START A TRADE WAR
CHINA WANTS TO START A TRADE WAR
WITH US OR WHETHER THEY ACTUALLY
WITH US OR WHETHER THEY ACTUALLY
WANT TO BE REASONABLE.
WANT TO BE REASONABLE.
MARIA: GORDON, WE’LL SEE BUT
MARIA: GORDON, WE’LL SEE BUT
THE PRESIDENT HAS A LOT AT HIS
THE PRESIDENT HAS A LOT AT HIS
DISPOSAL TO ACTUALLY KEEP CHINA
DISPOSAL TO ACTUALLY KEEP CHINA
IN LINE BUT I THINK HE’S WALKING
IN LINE BUT I THINK HE’S WALKING
A BALANCE HERE BECAUSE KNOWS
A BALANCE HERE BECAUSE KNOWS
TODAY WE ARE STILL INCREDIBLY
TODAY WE ARE STILL INCREDIBLY
RELIANT ON THE CHINESE SUPPLY
RELIANT ON THE CHINESE SUPPLY
CHAIN.
CHAIN.
HE DOES NOT WANT TO DISRUPT
HE DOES NOT WANT TO DISRUPT
AMERICA SO HE’S WALKING A
AMERICA SO HE’S WALKING A
BALANCE HERE BUT HE’S GOT A LOT
BALANCE HERE BUT HE’S GOT A LOT
OF HIS DISPOSAL.
OF HIS DISPOSAL.
WHAT WOULD YOU RECOMMEND WOULD
WHAT WOULD YOU RECOMMEND WOULD
BE MOST IMPORTANT FOR THE U.S.
BE MOST IMPORTANT FOR THE U.S.
TO DO TO REACT TO WHAT CHINA HAS
TO DO TO REACT TO WHAT CHINA HAS
DONE HERE ON RARE EARTH
DONE HERE ON RARE EARTH
MINERALS?
MINERALS?
>> WELL, I THINK THE IMPORTANT
>> WELL, I THINK THE IMPORTANT
THING IS WHAT PRESIDENT TRUMP
THING IS WHAT PRESIDENT TRUMP
ANNOUNCED ON FRIDAY AND THAT IS
ANNOUNCED ON FRIDAY AND THAT IS
TO GO FORWARD WITH THOSE
TO GO FORWARD WITH THOSE
ADDITIONAL 100% TARIFFS.
ADDITIONAL 100% TARIFFS.
THAT BRINGS THE GENERAL TARIFF
THAT BRINGS THE GENERAL TARIFF
RATE ON CHAI CHINESE PRODUCTS IN
RATE ON CHAI CHINESE PRODUCTS IN
THE U.S. SOMEWHERE ABOUT 155%
THE U.S. SOMEWHERE ABOUT 155%
AND THAT ESSENTIALLY CUTS OFF
AND THAT ESSENTIALLY CUTS OFF
TRADE.
TRADE.
CHINA RIGHT NOW HAS BEEN MORE
CHINA RIGHT NOW HAS BEEN MORE
TRADE DEPENDENT, IS MORE TRADE
TRADE DEPENDENT, IS MORE TRADE
DEPENDENT THAN ANY OTHER TIME IN
DEPENDENT THAN ANY OTHER TIME IN
ITS HISTORY AND XI JINPING KNOWS
ITS HISTORY AND XI JINPING KNOWS
THAT BECAUSE HIS ECONOMY’S NOT
THAT BECAUSE HIS ECONOMY’S NOT
GROWING AT THE 5.2% PACE THAT
GROWING AT THE 5.2% PACE THAT
THEY CLAIM FOR THE SECOND
THEY CLAIM FOR THE SECOND
QUARTER.
QUARTER.
IT’S MORE LIKE ZERO.
IT’S MORE LIKE ZERO.
MAYBE A LITTLE ABOVE, MAYBE A
MAYBE A LITTLE ABOVE, MAYBE A
LITTLE BIT BELOW BUT THEY NEED
LITTLE BIT BELOW BUT THEY NEED
THE U.S. MARKET BECAUSE WE
THE U.S. MARKET BECAUSE WE
ACCOUNT FOR ABOUT 34% OF GLOBAL
ACCOUNT FOR ABOUT 34% OF GLOBAL
CONSUMER SPENDING.
CONSUMER SPENDING.
AND ALTHOUGH HE CAN DIVERT SOME
AND ALTHOUGH HE CAN DIVERT SOME
EXPORTS TO OTHER COUNTRIES, HE
EXPORTS TO OTHER COUNTRIES, HE
CAN’T REPLACE US.
CAN’T REPLACE US.
SO PRESIDENT TRUMP I THINK HAS
SO PRESIDENT TRUMP I THINK HAS
GOTTEN EXACTLY THE RIGHT TACTIC
GOTTEN EXACTLY THE RIGHT TACTIC
FOR THIS.
FOR THIS.
MARIA: IT’S ALSO INTERESTING TO
MARIA: IT’S ALSO INTERESTING TO
SEE THAT CHINA COMES OUT WITH
SEE THAT CHINA COMES OUT WITH
THESE RESTRICTIONS RIGHT IN THE
THESE RESTRICTIONS RIGHT IN THE
MIDDLE OF PRESIDENT TRUMP’S 20
MIDDLE OF PRESIDENT TRUMP’S 20
POINT PEACE PLAN WHERE WE ARE
POINT PEACE PLAN WHERE WE ARE
WATCHING HISTORY UNFOLD RIGHT
WATCHING HISTORY UNFOLD RIGHT
NOW.
NOW.
YOU’VE GOT JOHN RATCLIFFE AND
YOU’VE GOT JOHN RATCLIFFE AND
STEPHEN MILLER AND STEVEN
STEPHEN MILLER AND STEVEN
WITKOFF AND JARED KUSHNER AND
WITKOFF AND JARED KUSHNER AND
IVANKA ALL IN ISRAEL WITH
IVANKA ALL IN ISRAEL WITH
PRESIDENT TRUMP RIGHT NOW, PRIME
PRESIDENT TRUMP RIGHT NOW, PRIME
MINISTER BENJAMIN NETANYAHU IS
MINISTER BENJAMIN NETANYAHU IS
THANKING PRESIDENT TRUMP FOR THE
THANKING PRESIDENT TRUMP FOR THE
CEASE FIRE HOSTAGE DEAL AS ALL
CEASE FIRE HOSTAGE DEAL AS ALL
OF THE HOSTAGES ARE NOW BACK OUT
OF THE HOSTAGES ARE NOW BACK OUT
OF CAPTIVITY AND ABOUT TO
OF CAPTIVITY AND ABOUT TO
REUNITE WITH THEIR FAMILIES,
REUNITE WITH THEIR FAMILIES,
GORDON.
GORDON.
I THOUGHT THAT WAS INTERESTING
I THOUGHT THAT WAS INTERESTING
THAT CHINA DECIDED TO BUST UP
THAT CHINA DECIDED TO BUST UP
ALL OF THE GOOD NEWS WITH THIS
ALL OF THE GOOD NEWS WITH THIS
ANNOUNCEMENT IN THE MIDDLE OF