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  President Trump Announces U.S.-U.K. Trade Deal  CSPAN  May 8, 2025 10:51am-11:56am EDT

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as a public defender that is what i fought for four years. sen. van hollen: but this is one of the reasons why that guideline is there. so especially the director of the fbi design announced to the country that someone has already been found committee liable when they have not. dir. patel: that is not what she said. we said she was arrested. sen. van hollen: we know she was arrested. the issue is the photograph. going forward, i hope as the leader of the fbi you will comply with the guidelines that everyone else is dir. patel: dir. patel: expected to follow. i believe i have. sen. van hollen: this seems like a direct violation. >> you continue -- to continue watching this online. we will take you live to the trip white house. >> the deal includes billions of dollars of increased market
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access for american imports. dramatically increasing access for american beef and virtually all of the products produced. thank you very much for being here. there will be reduction of tariffs that discriminated against u.s. products. this will be a great deal for both countries. it's going to fast track american goods. a very quick form of approval. things will move very quickly both ways.
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the final details are being written up in the coming weeks. the deal is a very conclusive one. we think just about everything has been proved. it is so good for both countries. we will receive new market access for american industrial products that were not allowed. they will be buying those products. they were not available in the u.k. the deal includes plans that will bring the united kingdom into the economic security alignment with the u.s. that is the first of its kind. we have a big economic security blanket and that is very important. we feel very comfortable with that. they are truly one of our great allies. some people say our greatest ally.
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right at the top. they are the first one we are talking about. we have many meetings planned today and tomorrow. every country wants to be making deals. we have a meeting in switzerland on saturday. that will be very interesting. i think they want to make a deal very badly as well. both countries have agreed that economic security is national security. we will be working together to make sure we have a strong industrial base. steel is a big factor. both countries will become stronger with steel and things necessary for the military. at a level that no one has ever seen. we will work together. in i want to thank prime
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minister starmer. it is really an external and internal bond between our countries. it will soon be stronger than ever before. we have a great relationship. the representatives have been so professional. it has been an honor doing business with all of them. in particular the prime minister. i would like to introduce him now to say a few words. p.m. starmer: thank you. this is a fantastic, historic day. announcing this deal between our two great countries. i think it is a real tribute to the history we have a working so closely together. i want to pay tribute to your negotiating team.
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they have done an incredible job. and my team as well. to bring in this deal today. a really important deal. this will boost trade across our countries. it will protect jobs and create jobs. the timing could not be more apt because not only was it 80 years ago today that victory came for europe after the end of the second world war. on that date, the u.k. and u.s. stood together as the closest of allies. even down to the hour. it was about this time of day exactly 80 years ago that winston churchill announced victory in europe.
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that led to great celebrations across europe and america. people going out into the street. going up to the palace. as we were 80 years ago, we stand side-by-side. i think it is incredibly important. the close relationship has endured. there are no two countries that are closer than our two countries. that we take this into new and important territory by adding the economy to the closeness of
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our relationship. we have always had fairness between our countries. this builds on that. there is a fantastic platform here. in the end it comes down to income security is national security. we have been the closest of allies for several years. keeping the peace through that close alliance and friendship. now we answer that with a deal on trade. i want to thank you and your
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leadership on that. the way in which your team has negotiated this. we finalized it. we built an incredible platform. thank you so much. i will now go and do a press conference. on the details. we will deal with that. pres. trump: that is great. thank you very much. we will have a continued and may be a better relationship than before. i don't know if the media knows but the u.s. and the u.k. have been working for years to try to make a deal. it never quite got there. it did with this prime minister. i want to congratulate you. >> we have managed to achieve what many people have tried to achieve for many years.
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i am really pleased. it feels historic. thank you so much. it is really good to have gotten this deal over the lied. it is a tribute to both teams. pres. trump: it really is a great thing. i will see you soon and maybe speak to --, maybe to later. everybody talked and talked and talked about a deal. it just seemed like a natural deal. it was not done. now, it was done with us. i feel very proud to be part of it. thank you very much. >> we will speak again soon. pres. trump: so long. [applause] why don't i do this? why don't i have our secretary
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of commerce, howard let nick, i'm then the good side, the very nice side. i think it is a very -- it has just been a deal that was very complicated and became very simple. it is opening up a country that we did not have the access to that i would have thought. they have been working on this deal for 25 years. we got it done. it is going to be great for both countries. you can go, and then somebody else. you can have your picture with whoever you want. so you just go ahead. and we will take questions right after. i think we have a pretty good understanding, of a very big deal. mr. let nick: the u.k. is the
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sixth largest economy in the world and the fourth-largest that we export to. it is a huge market, a top 10 market. if you remember liberation day, they were at 10%. we have balanced trade with the u.k., right? they say they have a surplus. let's just call it balanced trade. how do you open up a market in balanced trade? people think it is impossible. we always thought it was impossible until president trump came on the scene and changed the way things work. here is what we have got. we have opened up new market access -- ethanol, beef, machinery, all the agricultural products. they have agreed to open their markets, and that will add $5 billion of opportunity to american exporters. so the question is, why would they do that now? they have never done it before. and we still have our 10% tariff on, which would produce $6 billion of revenue for the
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united states. the idea was, how did they keep their jobs, protect their economy, and do the best for their people, while opening the market for us? the way is, they studied it. your team was exceptional. they tried to figure out the markets they are importing from other people, and try to send them over to america. why were they always favoring others and not us? what they have done is, they have found ways to do that, so that we have new access, right? at the u.k. workers are protected. that was the balance. we did a deal with them on automobiles. you know if you are not building here, we charge you a 25% tariff. but the president -- by the way, i want to make this clear. this was the president's deal. people think that is not the way it works. if you got to sit next to him, i have the best dealmaker to my left. and if you don't think that we take advantage of him calling the prime minister, you don't
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understand who is the president of the united states. he is the closer. he gets deals done that we could never get done, because he understands business. he understands deals. that is why we are here today. he agreed they could not send 100 thousand cars into america and only pay a 10% tariff. that protects their car industry. a member, we do 16 million cars a year. this is only like 0.6%. for the u.k. auto people, this is tens of thousands of jobs that the president agreed he would protect for them, so he made that deal, right? steel and aluminum -- they're still business has been destroyed, ike everybody else has been destroyed, by people dumping steel into their markets. british steel had announced it was closing down. british government, as part of this deal, nationalized british steel. they're going to match the kinds of models we do.
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they put tariffs on, put quotas on. they want to do it with america, so they can be part of the resurgence of steel and aluminum in america. that saves them thousands and thousands of jobs. if you go step-by-step, commercial, planes -- they sell rolls-royce engines to boeing. we have agreed to let rolls-royce engines and those kind of plane parts to come over , tariff free. what you are going to hear today is there is going to be an announcement in the u.k. that they are buying $10 billion worth of boeing planes later today. but i'm going to let the name of the airline announce it because it is theirs to do. part of this deal was always to do it together and to do it strong. and you can see the numbers on this board. everything about this board benefits the united states of america. it lays out the plan that you can work with us on autos, work with us on arrow and commercial,
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work with us in pharmaceuticals, if you have a supply chain that is secure and protected. we feel really good about the deal. you have heard the prime minister. he feels really good about the deal. we start at 10% and we ended at 10%, and the market for america is that are, and this is the perfect example of why donald trump produced liberation day. people don't understand. he gets things done. this would have taken jamison and i3 years, maybe. instead, we got it done in 45 days, certainly, because we work for donald trump. my partner in all of this -- maybe you would like to talk a little bit. >> everyone has great remarks. i have to echo the president and prime minister. this is something we have been waiting for for decades, and there is no more appropriate date to do this. when we look back months or
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years from now, when we look back at this day, we will better appreciate the significance, i think. i will just say as well in terms of negotiating -- with u.k. negotiators, they did an incredible job, right? the ambassador, he knows more about trade then a lot of us here. and i would say on this deal, mr. president, we have shown it is time to change the way we trade. people said we could not do a global tariff. we did a global tariff. they said no one would want to deal with us. people wanted to deal with us. country said we would not get deals, and here we are with a deal with the sixth largest economy. we have agreed to have fair restrictions on trade, and we have done it in record time. thank you. >> mr. president, thank you very much indeed in hosting us this morning. and thank you very much indeed also for that very typical 11th
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hour intervention by you and your phone call to the president demanding even more out of this deal than any of us expected. thank you for that. the prime minister was delighted, obviously, to take that call. but you took it to another level. i think the point i would make is twofold. one is that if we are going to rebalance and rebuild international trade in a way that serves all our interests, we are better doing that together than separately and apart. that is what we are on a mission to do. and secondly, you have done what you said you would do. you said to the prime minister, when he came and when you visited in the oval, that you would do a good trade deal with the united kingdom, that you
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would do it at pace, and that we would be first, and you have delivered that. you have been true to your word. thank you very much indeed for that. for us, it is not the end. it is the end just of the beginning. there is yet more we can do in reducing tariffs and trade barriers, so as to open up our markets to each other even more than we are agreeing to do today. but it also provides us with the platform, the springboard, to do what i think will be even more valuable for both our countries in the future, and that is creating a technology partnership between the united states and the united kingdom, so that we can harness science and technology in order to create future industries and future jobs, and to do that together in the way we work so closely already in the security
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and defense area. we can take that to yet further areas of science, enterprise, and endeavor. we are looking forward to doing that in the coming months. you have launched this extremely well today. in my view, as the prime minister has said, it shows what to countries who trust each other, who are confident in each other and are familiar with each other, can do not just for ourselves, but for the rest of the world who need to benefit from a bigger and better international trade system. pres. trump: that is beautifully stated. what a beautiful accent. i would love to have that accent. thank you very much questions? >> sky news. can i ask -- you destroyed this
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deal is a full and comprehensive -- you describe this deal is a full and conference of deal. with respect, are you overstating the reach and significance of this deal? pres. trump: it is a great deal for both parties. it was quite closed, the market, the u.k., and it opens a tremendous market for us and it works out very well. a lot of assets -- you see the chart. those are tremendous assets. we have been saying -- why us, meaning our country. we have been trying for years and they have been trying for years to make a deal, including when i was in the first term. there would always be people talking, but they were not getting it done. but for 25 years before that, they were trying always to make a deal. a very significant deal.
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until he looked at the numbers, i did not realize this is a very conclusive deal. but we think we can grow it even from that. that this is a maxed out deal. you said it really incorrectly. this is a maxed out deal, and we make it bigger through growth. we have tremendous assets involved. i was surprised to see how big your country is in trade. one of the biggest in technology and so many other things. i grew culture. i really did not know. depending on your definition, from 4, 5, 6 -- that is pretty big in the world. i was impressed by that. we are going to take it to new levels. it is a very big deal right now. but i think it is going to grow, just of its own volition. over time, there will be changes made. it will be adjustments, because we are flexible. we will see things we can do even better.
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what it is very conclusive, and we think everyone is going to be happy. people of your country are going to be very impressed with the result. they will be able to buy from more people. they will be able to price things differently. they will be able to get some products that are not available to them now we make better than anybody in the world. it is a great thing that it came together. it is so nice because we have -- many countries will make a deal, and many countries are very unhappy that we happened to choose this one, to be honest with you. our oldest ally, or just about. a couple of people claim that, but let's put it right at the top. i think it is going to be something special for the u.k. and special for the united states. >> the daily caller. how close are you two more deals?
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pres. trump: we have numerous deals. i know howard is going back. he has numerous. scott is right over here, who is fantastic. you were great on television this morning. i gave them a little lesson in the world of economics. scott is going to be going to switzerland, meeting with china. they very much want to make a deal. we can all play games. who made the first call? it does not matter. it only matters what happens in that room. i will tell you that china very much wants to make a deal. see how that works out. every country throughout the last 40, 50 years has literally ripped off the united states -- trade, military, protection, all the different things. we are now making fair deals. in this case, it is great because we were not very much involved. have the european union, which is -- i think you made the right
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decision years ago. you remember. i was opening up my turnberry the day you were voting, and they asked me, would it happen or would it not happen. i said, i think they are going to go their own separate way. i think it is better for them. and they did. it is a smart decision. a big part of that decision was always that you would be able to make a deal with the united states. they were unable to do that, but now they made it. it is tremendous. it is very important. it was always a big part of your decision on brexit. they were never able to make that deal. it was a tough one. this one -- it is amazing, with time. this one just went very smoothly. it went quickly and smoothly. a lot of common sense, as i like to say. tremendous common sense. it is going to make your country much bigger in terms of trade, and our country much bigger in terms of trade. >> tom with the bbc.
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pres. trump: you are with who? tom: the bbc. the u.k. currently does not accept american beef because of its own food standards. are you calling on the u.k. to accept all american beef? pres. trump: we have plenty of it. we have every type, every classification you can have. as you know, bobby kennedy is doing a tremendous job. he is, i think, probably heading toward your system with no chemical, know this, know that. i think we are heading that way, it seems to me. we have that also. we are a very big country. we have a lot of beef. we are a very big country. so it will be great. >> let's talk about american beef really quickly. it cannot be understated how
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important this deal is and what this means to american farmers and ranchers. specific to the beef, this is going to exponentially increase our beef exports. to be very clear, american beef is the safest, best quality, and the crown jewel of american agriculture for the world. i think the really important part of this deal is not just the ethanol reducing tariffs from 19 to zero, which is a huge deal, but also for beef. i know our incredible trade team is looking at all the meats, all of the produce. all of our agriculture exports. i don't know if there is an industry that has been treated more unfairly or suffered more than our agriculture industry. i will be in the u.k. on monday, talking to my counterpart, and i look forward to moving that across the country. pres. trump: when you say we have the best in the world -- the best tractors. they say that our agriculture is second to none.
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it will be a great asset. people will be able to have options, choice, and have more of it, and that usually means lower prices. >> a question from italian tv. congratulations. we will see big revenues. but the rest of europe -- it is a victory day. pres. trump: we intend to make a deal with europe. we have found that the european union treated us extremely unfairly, very difficult, and hurt themselves in doing so, and they very much want to make a deal. we will be dealing with them. we are dealing with them currently. that will cover pretty much the rest of it. this was separate. because of brexit, this was a separate deal. it always seemed so natural. the media would say that this seemed to be like -- why didn't this happen 25 years ago? why didn't it happen along time ago? it was all was amazing to me.
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someone would say we have to make a deal. but this deal just fell into place, and the prime minister did a fantastic job. his representatives are total professionals and they got along well. it just seemed to work. i think one of the reasons it did is because we blew up the whole system. if we would have just been dealing with you separately, or country by country -- we blew up the whole system. it was very unfair to the united states. i think because of that, this worked out so nicely. and i am honored that it was the first deal. why don't you go in the back. >> i am with the london times. now aston martin's will be -- but accenting to film, you have talked about a big tariff on films. pres. trump: we are going to have a discussion on that, certainly. as you know, we are putting tariffs on that, the
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moviemakers. and we are going to be doing some tariffs to get them, because a lot of them have left this country. they all live here. the money comes from here. everything comes from here. that they make them in other countries. so we are going to do something to bring them back, maybe, to a large extent. but james has nothing to worry about, and sean connery was a friend of mine. sean connery was responsible for my getting zoning in aberdeen. he said let the bloody bloke build his golf courses. i was like four years into the process and it was impossible in aberdeen, and he -- i don't know. he just stood up one day. as soon as he said that, i got the approvals and about two minutes. he was a great guy, sean connery. exam. >> are you going to scotland? >> we have a lot of investment over there. we have turned very aberdeen. as you know, we have -- they are
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all in the ocean. we only have interest if they are on the ocean. we have good investments over there. yes. >> talks went on between secretary besson and his chinese counterpart. if the talks go well, would you consider changing the tariff? pres. trump: we are going to see. right now, you cannot get higher. it is at 145. so we know it is coming down. think we are going to have a good relationship. i always got along very well with president she. that relationship was greatly disturbed by covid, when covid came in. we get along very well. we had a relationship with a lot of people, a lot of countries, when covid came in. i think we are going to have a very good relationship. i expect to have a very good relationship with china, scott. a very friendly meeting. they look forward to doing it in an elegant way.
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china, as you know, has a tremendous trade surplus with us. we just cannot have that. but i think it is going to be very good for both countries. i would like to see china opened. one of the big things here is -- nobody would know this, that the u.k. was largely closed. it was very much closed to trade, and now it is open. a lot of the financial reporters are not happy about that. i would listen to them. i hope they get countries opened up. and then you compete at a fair basis. but you cannot compete when you are not allowed to go there. china would be the number one example of that. it was very closed. we almost had it last time before covid, and that did not work out. but we made a great deal with china. about $50 billion worth of our food products. it was a great deal. then when biden came in, as usual, nothing happened. he did not enforce it, and he got less, less, less, and
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ultimately destroyed a great deal. that was a great deal. i think we are going to have a good weekend with china. i think they have a lot to gain. i do think they have far more to gain than we do, in a sense. we are going to have a good -- i think we are going to have a very good weekend. depending on what scott says, we sort of -- scott is doing certain countries, and howard is doing certain countries. i mean, i wish i had 10 more of each. then we could do them all at one time. but we will do a number of them. there will be a time -- i think i can say this, scott and howard -- where we are just going to say, because we understand the countries, we understand what they want. we're just going to make the deal. in other words, we don't need the country involved, because we have already had it. we will say this particular country, which had big surpluses -- we had deficits -- that this country is going to pay 825 percent tariff or 30% or 50% or
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10%, or whatever it may be. i think we should explain this. one of the things we did hear that we will rarely do is, on cars, we took it from 25 to 10 on rolls-royce, because rolls-royce is not going to be built here. i would not even ask them to do that. it is a very special car and it is a very limited number. it is not one of the monster car companies that makes millions. make a very small number of cars that are super luxury, and that includes bentley and jaguar. so we have some very special cars. in order to help that industry -- and it is really handmade stuff. and they have been doing it for a long time, same location. and i said, yeah, let's help them out. that is different than a car company that comes out and makes millions of cars, which they will be doing in our country. we have many, many factories,
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car plants, being built or going to be built very soon. i think we can say that we will be close to $10 trillion of investment. i think we are actually at that number now, if you add up some of the ones we have not heard about yet. we have some going up right now. we have plants going up and they have not even spoken to me. they say we are doing it because of the tariffs. tariffs have always been used against us, and i never understood. i used to sit back. as you know, china paid hundreds of billions of dollars of tariff when i was president. i told them china never paid anything. he really did a big number on us, from the standpoint of trade. but we are using tariffs now for our benefit. and we have now close to $10 trillion. think of that. $10 trillion. if you look at the past administration -- and we are talking about over essentially two months. you could say three, but it took a little while to get the office
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in perfect shape. it took a little while to get things done. but once we started -- and you think of that, close to $10 trillion of investment. you have had years where the united states would not do $1 trillion in a year. we did $10 trillion in two months. so it is amazing what is happening. we are getting calls. custody with chips. it has to do with cars. we used to make chips. we had intel and we used to make chips. we had a monopoly on ships. everything was made here. now, because of presidents that did not know what they were doing, they allow that business to be stolen from us. most of it moved to taiwan. you probably were in the same position, right? you had a lot of the chipmaking capacity, but they moved it. we would've said that is fine, but if you want to sell back into the united states, we are going to put a 50% or 100% tariff on. they would have never left. but we had people sitting here
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that did not understand that, and it is too bad. but now they are coming back. and saying it about 40 years too late, but they are coming back. we have the biggest chipmakers in the world spending in one case $300 million. in one case, $500 billion, same as apple. in another case, $200 billion. we are going to have a very substantial share of the chipmaking market. >> you said this weekend is going to be a friendly visit. do you expect it will be a friendly meeting to break the ice, do you believe there will be substantive discussions? >> we are have a meeting -- we will have a meeting. i think it will be substantial. are we having a meeting to meet? it is going to be substantive. china wants to do something. they have to, at this point. essentially, they made a trillion dollars a year, and now
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they have absolutely no business because of the tariffs. they have no business. and they want to have business. and we want them to have business. we want them to do well. we want them to do very well. i think it is going to be very substantive. >> because business has slowed down, as you mentioned, what we are seeing as a result -- the ports here in the u.s., the traffic has really slowed, and now thousands of dockworkers and truck drivers are worried about their jobs. pres. trump: that means we lose less money. when i see that, that means we lose less money. china was making $1.1 trillion in my opinion. we have different numbers, and i think it was 1.1 trillion. and frankie, if we did not do business, he would have been better off. you understand that. the slowdown -- that is a good thing, not a bad thing. i would like to say they could do better, actually, in terms of the bottom line.
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we would like to see china opened up so we can compete in china. give people something they have never had, access to something. that would be great for the world and great for businesses, and i think it would be great for friendship. i really expect a lot of people to think i am a militant guy. i am really not. i think trade can bring a greater friendship with china. it can be something good. one of the things that i know scott is going to be talking about, very high on the list, is open up and let our businesses go into china. when you talk about a closed country -- that is really a closed country. i think it would be great if it was opened up. give people a lot of choice. it would create a lot of jobs. i think it would be a great thing for china. that is one of the things we will be discussing, like we discussed with u.k.. please. >> what does britain have to do? for you to drop the baseline 10%
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tariff? pres. trump: that is set. that has to do with a lot of different things, past things. this is very inclusive. we included everything. that is pretty well said. please? >> 810% baseline tariff remaining in place, is that a template for future trade deals? pres. trump: know, that is a low number. they made a good deal. many will be much higher because they have massive trade surpluses. and with u.k., they had it somewhat closed -- not like china. but they always treated us with great respect. the template of 10 is probably the lowest. therefore, they made that deal. we have had a very special relationship with them.
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i won't do that deal with cars unless somebody shows me another kind of car comparable to a rolls-royce. there aren't too many. there is a good commercial for rolls-royce, by the way. >> would you like to buy? i would be happy to suggest a modest discount. pres. trump: i have had many of them, actually. the last time that happened i ended up buying a tesla, you know that. reporter: i had a question about the u.k. deal today. i heard there was talk that part of the agreement would depend on whether the u.k. would respect free speech and freedom of religion. the vp is very interested in that. were there any assurances you guys got on that front? >> that was not part of the
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conversation. our conversation was economic from start to finish closed by the president yesterday. it was a business deal to open their markets and also, protect their workers. grow our markets. and help our workers. pres. trump: it was about business religion. semi-religion but not nearly as important. reporter: your new nominee -- reporter: will you be asking china to help you close the gap between ukraine and russia? pres. trump: i think so. i think that is natural to ask. sure. i think we are making good progress. the fighting is a little different than it was. i think if we were not involved, russia would be going at it to maybe get the whole thing without our involvement. they would be able to get it. because we have supplied a lot of different things, foolishly. but we have been sort of paid back by doing the rare earth deal i talked about before.
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i think we will be very much involved. it's a bloodbath. it's a horrible situation. 5000. it's really more than that thousand soldiers on average a week, mostly soldiers, being killed. young, beautiful people are being killed. i see satellite pictures coming back of body parts flying all over fields. heads and arms. it so terrible. i have never seen anything like it. if we can get that stuff it will be a great accomplishment. we are trying very hard. mr. -- wtikoff is talking back and forth. he has a great relationship with both countries and likewise, we are trying to work on iran solved to not have to get into any bombing, as we say, big bombing. i don't want that but i want them to be very successful. reporter: foxbusiness.
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on the mound market barriers how did you get the u.k. to bend? what was the 11th hour? pres. trump: it was a part of the overall. they have so many things that are so good for them. it will be so good for the country. it was easy. our call it none market or nonmonetary trade barriers. we had quite a few of them. some countries have no tariff but the rest is so brutal you can't do business with them. the overall deal worked out very well from their standpoint. they were willing to give that to get other things. you might want to speak to that. >> the point about the deal is, we will continue reducing tariff s and non-tariff barriers.
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this is not a still picture. it's a movie that continues. we are both committed to freeing our trade between our countries. we are both committed to freeing investment between our countries. the point about the deal is it provides a very good template and a very good launch pad for what we can continue to do and build on in the future and that is what we are both determined to do. pres. trump: how about one more thing? the deal was handled well from the other side too. many of the things we are talking about, we have been talking about this for 25 years. it's hard to explain. if you were not sitting behind this beautiful resolute desk you would not get it.
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i have been hearing about making a deal with the u.k. for 25 years. especially around the time of exit. -- brexit. how natural. it just cannot be done. could not be done. good people. this is a bigger deal. it is a bigger, better, stronger deal for both of us then we contemplated before. virtually everyone said it would end in failure and tears and it has ended in exactly the opposite. >> that is due to secretary lut nick and ambassador greer being fantastic. yesterday i received a diplomatic call that just edged things over the line from your new ambassador in the atlantic. warren stevens. he's here. pres. trump: hello warren. >> he is flying to london
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tomorrow night. he will be very popular with the british people, a very successful ambassador. pres. trump: and he has plenty of cash. plenty of cash. reporter: are you planning to meet ursula von der leyen. pres. trump: she is so fantastic. i hope we are going to meet. the answer is yes. i saw her a couple days ago bird -- ago. i think we will definitely meet. the european union is a big thing. they want to make a deal very badly. everybody wants to make a deal with the united states. we are doing that. we will make fair deals. i am honored this was the first one.
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reporter: the federal reserve chairman says you have to call him for a meeting. pres. trump: it's like talking to a wall. the bank of england cut. china cut. everybody is cutting but him. i don't know. we will see what happens. it's a shame. i called him too late. it too late powell. that's his nickname. it's a shame. it's ridiculous. he is always too late. in this case it won't matter that much because our country is so strong, so powerful in terms of economic strength and what we have done. if we did not have our first term, we created things in the first term. we got more regulations than any president in history. we cut taxes more than anybody in history and a very big factor will be the tax bill we have now. the one, big, beautiful bill as
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we call it. all encompassing for the biggest tax cuts in history. bigger than even the first time . the incentives are even great for the u.k. because it will make us so strong we will be doing more business with you. it is a very important for taxes, regulation cuts. -- bill, i believe, is the biggest of its kind ever in the history of the country. speaker johnson and leader thune have done an incredible job. i will let you know. we have to get a vote. but we have a lot of support for that bill. if that happens, on top of all the trade deals we are doing, this country will hit a point that you had better go out and buy stock now, let me tell you. this country will be like a rocket ship that goes straight up. this will be numbers nobody has ever seen before. that is a very important element all this. if we get that.
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the democrats are fighting it only because they want to fight for they have trump derangement syndrome. if it was somebody else, they would not fight. if they had some stiff sitting behind you, they would be fine. but they have a trump derangement syndrome. senator schumer has become a palestinian. i wonder when they will give him the ceremony, whatever the ceremony is. it is terrible what has happened with the democrats. very, very important element of everything, what we are doing. related in the sense that if the said passes we will do even more business with the u.k.. it is the biggest tax cut in history. it will make our country zoom. it will be incentive with the deduction basically for work. you work, build, plant, etc.. the deduction. it will be the biggest of bill of its kind ever passed. maybe the biggest bill of our
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past. that is why we call it the one big beautiful bill. reporter: you just announced a new nominee for the u.s. surgeon general who never finished her residency and is not a practicing physician. can you explain why you picked her? pres. trump: because bobby thought she was fantastic. she is brilliant woman who went through stanford. as i understand it she wanted to be an academic as opposed to a surgeon and i think she graduated first in her class at stanford. bobby really thought she was great. i don't know her. i listen to the recommendation of bobby. i met her yesterday and once before. she is an outstanding person. a great academic, actually. i think she will be good. reporter: your nominee for u.s. attorney of d.c.. do you have a backup plan? pres. trump: i do. but he is a terrific person. he was not getting the support from people i thought. he has done a very good job.
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crime is down 25% in d.c. during this period of time. i'm very disappointed in that. there are so many things i'm doing with trade. one person. i can only lift that little phone so many times in a day. but we have somebody else that will be great. ed is unbelievable. hopefully, we can bring him into the doj or whatever in some capacity. to me, it was disappointing. i'll be honest. i was disappointed. a lot of people were disappointed. but that is the way it works sometimes. that's the way it works. he was not rejected. but we felt it would be hard. we have somebody else we will be announcing over the next two days that will be great. reporter: companies saying they will raise prices on certain products. how long can you -- do you think the american public will be patient?
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pres. trump: i think they are saying that just to try to negotiate deals with me. tariffs are the most misunderstood saying in any form of business. often times the country picks them up. often times the company picks it up. the people don't take it up. afford it or that they would not sell any cars. -- if ford did that they were not so any cars. and mattel, let them go. we will put 100% tariffs on their toys and they won't sell one toy in the united states. i heard a guy say he would counter. i would not want him as an executive too long for the ford, they are negotiating with us by saying that. but we don't think it will happen. i put out a truth today and it said gas is down.
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gasoline is down. energy is down. groceries are down. eggs are down. bigs. thank you very much. eggs are down. when i came in the first week you guys hit me with eggs up like 170%. they said, don't order any for easter. we were thinking about ordering plastic eggs. brooke did a fantastic job in agriculture. we had hundreds of thousands of eggs out here on the lawn two weeks ago at easter. you look at the cost. energy is down. even interest rates are down. if the chairman of the fed, jerome, if you would lower interest rates, like china did, like i think the u.k. did, like numerous other countries have done, it's like jet fuel. it would be great but he doesn't want to do it. probably, he is not in love with
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me. that's a crazy reason. but that's the way life is. anybody in his position. it would be like jet fuel. even without that, we are doing well. i have watched you people reporting over the last few months that if we do this, prices will go through. well, groceries are down. all the stuff is down. lumber is down. oil has gone down. we have not broke $60 a barrel. one dollar 90 eight cents, $1.99. heading in that direction. no. i think it has been amazing, actually. that gives the consumer more money. it gives them a better life. we just came out of the worst inflation in my opinion in the history of our country. they say 48 years. by then it really screwed it up. he screwed up energy. he spent too much money.
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he spent it on the green new scam. that is like throwing the money. see the beautiful window behind me? it is like taking money and throwing it out the window. it is the same thing. he spent $10 trillion. he wasted it. not only was it bad, it was negative. it was not that it helped a little bit and they let 21 million people into our country without any identification, anything. just let them in. very sad. we will do one or two more. reporter: on the $1.99 gas. reporter: how concerned are you about the u.k.'s reliance on china? the money markets, chinese exports. pres. trump: we aren't concerned. i'm not concerned about anything. if i was, i would not be here right now. if i was concerned about anything -- and it would not be
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data -- i would not be here right now. that would not concern me. i believe we will have a very good, fair relationship with china. it will get bigger. it will grow. if they open the country, it will be the best thing china ever did for itself. they don't know that yet. it has been a different system. but, that would be the greatest thing to ever happen to china. the people will be happier. they can buy for less, they can see things they have never saw before. they can buy them. it will create great, long-term peace. reporter: there is a lot of concern about chlorinated chicken and beef. as the question been addressed and resolved in those talks? quirks it is very clear we will discuss all these issues. obviously, the importing country, whether us or then will follow the rules on those types of things but the rules and to
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make sure they are based on giant -- science. we know the u.k. believes that too so we want to come to an accommodation and have both consumers of both countries able to choose what they want. >> we have an incredible epa led by administrator selden. -- zeldon. to open up the markets is unprecedented for these farmers in america. reporter: you saw the stock market declined sharply after liberation day and it has rallied back since then. pres. trump: now it will really rally. they said this was all a pipe dream. this was a tough one. this is much tougher than any other deal because they have been at it for so many years, decades, trying to make the deal. it is very conclusive. it's a great deal. it is a very big deal, actually. this is just the beginning. we will be having conferences.
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at some point we will just put out a statement that we just signed this country, that country. after a number of these are done we will just put out x country is going to pay this and if they open up they will do this and that. everybody wants to be here. i say that this is want -- where they want to be shopping. they want to shop in this country because we have the consumer. we have the consumer like nobody else. if you the whole world would go bad -- if this country were bad, the whole world would go bad but we saved it from going back. reporter: with air traffic control are you looking at getting new software and new equipment? pres. trump: i'm glad you asked because today i will talk with the heads of the airlines. i was all set before we have the regulation to give out a brand-new gorgeous system to one company that was going to do the whole thing, one of the best companies in the world. when they took over, put irish
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-- buttigieg, he did not have a clue. this guy did not have a clue. he is a contender for president. between him and crockett you can have that party. he did not know what he was doing. he took what they called dry systems where you have wires buried in the earth or whatever. then you have the open air systems where you have satellites. you cannot mesh them. anybody would know that if you went months of study and school if you studied that kind of thing. he did. they spent tens of billions of dollars trying to take old, broken equipment and merging it into existing, new equipment with brand-new equipment. it is one of the greatest. they spent like $40 billion.
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they made it worse. it does not work together. you cannot make it work together. if you have a satellite system you need satellites. if you don't, they had these different technologies. some of them 50 years old. they are trying to mesh them in. you could have bought a whole new system. we have a very good guy that you know. sean duffy. head of transportation. i have given him a 10 minute lesson in buying. he has become really good. now we are in the market to buy a gorgeous, brand-new system. the helicopter that crashed into the plane at 400 feet. de los santos i rents would have been going off. 3 -- bells and sirens would have been going off three minutes before if you have the right equipment but they did not print the new equipment is unbelievable. in my opinion, you always need
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pilots. i want pilots. but what you would not even have to have pilots. the system is incredible with what it can do. we have a system that is obsolete. what they did is the worst. they tried to combine old, broken stuff with new stuff and you cannot combine it. do you think biden figured this out? i don't think so. he does not know what is happening. here's the story. we will be buying a brand-new state-of-the-art system that will cover the entire world. i will give you an example. i have military pilots. prior to that i had a very good, great pilots that would land. i would not tell you which country. they would use the system of another country. they would not use the system of the united states. if i am landing in new york, florida, or tennessee they are using a system from another country. i said, why? they aren't into business. but they are just saying our
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system does not work, sir. i said, that's that. -- that is sad. you have numerous companies. you have companies that would do it. ibm is an example. one deal, one contract. they gave out hundreds of contractors. they had diggers, people that focused on satellites. one contract where one guy is controlling everything. if you need a trench, they dig a trench. if you don't dig the trench they say now we want to cross over it. we have it all set. we will be doing it. we would have done it except the election took a strange turn. but the second one did not. it was too big to read. thank you very much, everybody. -- too big to rig.
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thank you very much, everybody. >> democracy. it is not just an idea. it is a process, shaped by leaders elected to the highest offices, entrusted to a select few with guarding its basic principles. it's where debates unfold, decisions are made, and the nation's course is charted. democracy in real-time. this is your government at work. this is c-span. giving you your democracy unfiltered. >> the one essential news network. >> you show the truth. >> thank you for c-span. >> i appreciate your nonbiased coverage. >> lets ordinary citizens participate in a national dialogue. what's what's great is you hear
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every side. >> c-span is a truly unbiased channel. >> you do a great service for the nation. >> i have been watching washington journal and c-span for 35 years. i appreciate you guys. >> hats off to c-span. >> the real news source for me is c-span. when they say they are unfiltered, they are unfiltered. >> secretary of state marco rubio delivered remarks and received an award at the congressional hispanic leadership institute gala in washington, d.c.. here's a look. of state marco rubio my coverage on "c-span2". ♪ ♪♪ ♪ ♪♪ ♪ >> thank you very much thank you did not know i was speaking and