Earlier today, President Trump held a business leader roundtable in Doha, Qatar.
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00:00That's been a big fight.
00:02And the other, of course, is Syria.
00:03We took out the sanctions.
00:05And that's been I didn't even realize it's been many, many years that they've had sanctions.
00:09And as you know, there was a very big change at the top.
00:14And I thought that we have to give them a chance.
00:16They really have no chance with the sanctions.
00:18They were very biting.
00:19They were top of the line.
00:21Nobody could even deal with them.
00:22You couldn't even you couldn't make a phone call to Syria.
00:26So we we did that.
00:27And I met the new leader of the country, and he's got a strong past.
00:34I'll be very nice.
00:35He's got a strong past.
00:36But I liked him a lot.
00:39I think he'll be a great representative.
00:41And we'll see.
00:42You're going to have to have a strong past to put that one around.
00:45You can't you cannot be a weak person.
00:48If you're a weak person, we would just be wasting time.
00:51So he's a strong guy.
00:52And I thought he was good.
00:54And let's see what happens.
00:55But we're going to give him a fighting chance by taking off the sanctions.
00:58So we've actually been praised for that.
01:01The crown prince of Saudi Arabia was very strong.
01:05Please do that.
01:06He wanted it done.
01:09President of Turkey wanted it done.
01:12President Erdogan called me, said, is there any way you could do that?
01:15Because if you don't do that, they don't have a chance.
01:18And so I did it.
01:19And it's actually been very popular.
01:21The emir liked it a lot.
01:23It's been very, very popular.
01:25So let's see what happens.
01:26But it's my honor to have done it.
01:29And with that, we're surrounded by the some of the greatest business people in the world.
01:35We just had a tremendous order of Boeing.
01:39This is Boeing and this is General Electric.
01:41And General Electric, I hear, makes the best large airplane engine in the world by not
01:47even a contest.
01:48Maybe I'll have to change my engines one day in my plane because they're not General Electric.
01:54You know, it's one of those things.
01:55But I hear you make the best engines in the world, Larry.
01:59Larry's somehow his people at General Electric.
02:03First of all, it's one of the greatest turnarounds that you'll ever see in a company, because
02:07when you took it over, it was, I want to be respectful, General Electric was in trouble.
02:12To put it, I would say, right, to put it mildly.
02:16And now it's a hot company doing great.
02:19And it's, I would imagine, the hottest thing is what's happened with the engine division
02:24because this engine is incredible.
02:27Would you like to say a couple of words, Larry, about that?
02:29Because he watches, when he sees Boeing, he gets, he's very excited because he supplies,
02:35I guess, for the most part, the engines.
02:38Would you like to say something?
02:39Sure.
02:40Well, Mr. President, thank you.
02:41And it's an honor to be here.
02:42We're thrilled about the commitment that Qatar Airways has made to both Boeing and GE Aerospace
02:47with the largest wide-body order, really, in our company's history.
02:51Over 400 engines, both our GENX, which powers the 787, the fastest-selling high-thrust engine
02:59in history, and our new 9X will power the 777X, which will be the largest commercial
03:05engine in the world.
03:06Will that be the same engine, other than size, or is it different?
03:11It's a step forward and a generation forward as well.
03:13So even beyond.
03:14Yes.
03:15The large one.
03:16Very much so.
03:17That's great.
03:18And I think that both Boeing and GE Aerospace continue to support not only our investment
03:22in domestic manufacturing, but in turn, everything that we're doing to drive the $75 billion
03:28annual trade surplus that the aerospace industry enjoys in the U.S. today.
03:33So we're excited.
03:34I know Kelly and the Boeing team have been great partners.
03:36But Bader, our thanks to you for your trust and your commitment to both GE Aerospace and
03:41Boeing.
03:42We're gratified.
03:43Yeah.
03:44Thank you very much.
03:45Kelly, go ahead, please.
03:46Well, Mr. President, first of all, thank you for your support.
03:49This is a major order for us.
03:52All of these aircraft will be built in the United States, creating a significant number
03:57of jobs.
03:58And I know that's a key mission of yours, and this order will help us accomplish that.
04:04Partnership with GE has been great.
04:07They do power exclusively our engines, and they're doing a great job here.
04:12And we're very pleased to be selected by Qatar for this largest aircraft, wide-body
04:19aircraft order in the history of Boeing.
04:22Major, major accomplishment for us, and thanks to the administration for your support.
04:26That's the largest order you've ever had, right?
04:28Yeah, for a wide-body aircraft.
04:29So one of the largest orders in history, but it almost has to be, if it's the largest order
04:33you've had, has to be pretty close to the largest order ever made, right?
04:37Yeah, that's correct.
04:38And you also, Boeing also got the jet fighter.
04:41We selected Boeing for the jet fighter, the state-of-the-art, highest level.
04:47It's an amazing-looking plane.
04:49If it functions as well as it looks, I think we're going to have a big winner.
04:55But we're also looking at some additional jet fighters.
04:57We have some really good ones that we have.
05:00We're taking a look at strong look from one of your competitors, I must say, and we're
05:05doing something very special.
05:06But it's a special country.
05:10We were losing the Middle East because the past administration didn't handle the relationship
05:16properly, didn't show the kind of respect that they deserve.
05:20And me, I have a lot of respect, and I have a lot of liking.
05:23I like the crown prince a lot.
05:25I've known him a long time in Saudi Arabia, and the emir is fantastic.
05:31And we're going to another country in a little while, UAE, a fantastic man, fantastic leader.
05:40And they have great leadership talents in this part of the world.
05:43And that's why they're doing so well.
05:46And you probably read today the story about Iran has sort of agreed to the terms.
05:53They're not going to make out, I call it in a friendly way, nuclear dust.
05:56We're not going to be making any nuclear dust in Iran.
06:00And we've been strong.
06:02I want them to succeed.
06:03I want them to end up being a great country, frankly, but they can't have a nuclear weapon.
06:08That's the only thing.
06:09It's very simple.
06:10It's not like I have to give you 30 pages worth of details.
06:12There's only one sentence.
06:14They can't have a nuclear weapon.
06:16And I think we're getting close to maybe doing a deal without having to do this.
06:22There's two steps.
06:23There's a very, very nice step, and there's a violent step, the violence like people haven't
06:28seen before.
06:30And I don't I hope we're not going to have to do this.
06:33I don't want to do the second step.
06:35Some people do.
06:36Many people do.
06:37I don't want to do that step.
06:39So we'll see what happens.
06:40But we're in very serious negotiations with Iran for long-term peace.
06:46And if we do that, it'll be fantastic.
06:48And for this country in particular, because you're right next door, you're a stone's
06:53throw away.
06:54Not even.
06:55You're a foot away.
06:56You can walk right into Iran.
06:58Other countries are much further away.
07:00So probably it's not quite the same level of danger.
07:03But we are going to protect this country.
07:06It is a very special place with a special royal family.
07:10And the head of the royal family is two heads of the royal family.
07:14Really, if you think great, great people, and they're going to be protected by the United
07:20States of America.
07:21And I think we're not going to have to do it because I believe very strongly in peace
07:26through strength.
07:27Now, we just gave out in the budget a one trillion dollar budget, which is the biggest
07:33we've ever done.
07:34A trillion dollars never, never came close to a number like that.
07:38Would be at 800.
07:40Would be at 800 billion.
07:41Would be at maybe 900, 910.
07:45We never got anywhere close to a trillion, but we're doing it.
07:48Hopefully we will not have to use these weapons.
07:51We make the greatest weapons in the world.
07:53We make the greatest fighter jets.
07:54We make the greatest.
07:55I guess Larry would know better than anybody, but we we make the greatest planes in the
08:00world, the greatest missiles and defense systems.
08:04The Patriot system is the best acknowledged to be.
08:07I mean, this isn't from me and we have a lot of it now.
08:11It's under order.
08:13And we're coming up with new systems and we're coming up with a new system of drones because
08:18drones are really, if you look at the war that's going on, it's horrible.
08:22But we are watching it very closely and drones really seem to be taking over that war.
08:27And so I hope you're going to come up with some nice, inexpensive engine for a drone
08:32so that we don't have to spend so much.
08:34I asked one of the companies, I said, I want a lot of drones.
08:38And you know, in the case of Iran, they make a good drone and they make them for thirty
08:44five, forty thousand dollars.
08:45So I said to this company, I want to see.
08:47They came in two weeks later with a drone that cost forty one million.
08:51I said, that's not what I'm talking about.
08:52Forty one million.
08:53I'm talking about something for thirty five, forty thousand dollars.
08:56We send thousands of them up and that's a great way.
08:59And they're very good, too, and fast and deadly.
09:02Horrible.
09:03Actually, when you look at what's happening with Russia and Ukraine, the drone is killing
09:09tremendous numbers of people.
09:10You hide behind a tree and the drone comes down and it circles you with with fire.
09:15You don't have a chance.
09:16The tree comes down also, by the way.
09:18It's so intense.
09:19I mean, you see these trees being knocked down like like they're being sawed down by
09:24a top of the line timberman like like, you know, who Sean Duffy, you know, that Sean
09:30Duffy, the head of the Transportation Department, who's working right now in the airports and
09:35getting a system because Biden didn't do a thing for four years.
09:39And Pete Buttigieg was the head and he goes bicycle into work.
09:44He takes a bicycle to work.
09:45Can you believe he's he's running the biggest air system in the world and he takes a bicycle
09:50to work?
09:51And and they say he's going to run for president.
09:53I don't see it.
09:55Who knows?
09:56Right.
09:57But I don't see it.
09:58But when I look at what they've done, it's so horrible what they have done and the work
10:04they did do, they wasted billions of dollars.
10:06They're trying to hook up air systems to to copper and they tried to hook up copper to
10:12glass and the glass doesn't work with the copper.
10:14And they had 30,000 different contractors doing 30,000 jobs.
10:20And when they put it all together, they spent billions of dollars.
10:23It didn't even come close to working.
10:25And we're going to be given out a brand new system is very important.
10:28We'll have the best system and we think we know who that system is.
10:31But we have a lot of a lot of bidding.
10:33But we want one check.
10:34We want a unified system.
10:36We don't have 5000 contractors in all different places, some digging ditches and some not
10:43doing ditches because they want to go by satellite.
10:46Satellite seems to be the way to go.
10:48But so we're going to be given that out pretty soon.
10:51But but what people don't know about Sean, because I mentioned Lumberjacks, that John,
10:57you probably didn't know this, that I'm not talking about this on this show.
11:01No, not this is not.
11:02This is a different show.
11:04Sean Duffy, the head of transportation.
11:06He's a great show.
11:07No, I have to tell you.
11:08But Sean Duffy was the world champion for five years, climbing trees and down up and
11:14now world champion.
11:15So that's what you call a serious lumberjack.
11:19And he's doing a fantastic job to really respected guy and terrific guy.
11:24And I mentioned the champion because when somebody is a champion, he's the world champion
11:29for a long time.
11:31He came down when you come down those trees coming down at at a rapid, he said that started
11:36getting your back.
11:37You will often break your back.
11:40You miss this.
11:41You miss a shot and you're coming down a lot faster than the human body was meant to come
11:44down.
11:46So he's doing a fantastic job at transportation.
11:49But this has been a very historic trip.
11:52I watched some of the people talking about it and even what I would perceive as enemies
11:58of ours.
11:59People that are not fair from the press are saying it's been amazing.
12:03We've raised trillions of dollars in investments.
12:06It's been there's never been anything like it.
12:10And just to finish, we have a country that now has, I think, Howard, we can say that
12:17at least $10 trillion of investment and potential investment.
12:22And if the past administration did a half a trillion dollars, it was like a lot.
12:29But we did it in two months because it's actually a little more than three months.
12:34But I always say the first month I had to get a little bit acclimated.
12:38So I didn't really do this the first.
12:40But when we started, so we've really been doing it, Susie, right, for two months.
12:44So in two months, we're going to have over $10 trillion.
12:47Nobody's ever come.
12:48No country's ever come close to that.
12:50No country.
12:51And I want to thank the Amir because he put up a lot.
12:56And in terms of investment, it could amount to two million, three million, maybe even
13:00four million jobs in the United States.
13:02And more importantly, it's really important stuff.
13:05It's a tremendous refining capabilities.
13:08It's capabilities for very high end.
13:11A.I. is a big subject and it's a big subject over here, too.
13:14I always say, what are you investing in?
13:16It seems one thing everybody seems to have in common is A.I.
13:20So I don't know if that's a good thing or bad.
13:22Maybe you shouldn't do it because too many people are doing it, or maybe you should follow
13:25the crowd, fellas.
13:26OK, so you're going to figure it out.
13:29We have a man who's here who has been unbelievable.
13:35Scott Bassett, who's our secretary of the Treasury and who's so respected when he speaks
13:42on television.
13:43It's like everyone just says, oh, OK.
13:45I had somebody there.
13:46They said, well, Scott Bassett said I said, well, that's pretty good, Scott.
13:51So I'm a believer.
13:52I'm a believer.
13:53But when he when he speaks, the markets really listen.
13:56And the big thing is that we have, to me, the most important thing of all is that forget
14:02about the recent stock market being so good, much more importantly, we have hundreds of
14:07different big companies pouring into America now, creating jobs like we have never seen
14:13before.
14:14Now, the bad news, it takes a little while for that to you know, when you build your
14:17factory and it takes a year and a half, two years, and they're going to build them very
14:21fast and they don't need financing.
14:23That's the nice part.
14:24They don't need any financing.
14:25They have plenty of it.
14:27But they're building factories at levels we've never seen anything like it.
14:32And these are, you know, 10 billion, 12 billion, 50 billion.
14:36I said, how do you spend 50 billion on a factory?
14:40We have the chip companies coming in from Taiwan.
14:43We have Jensen, as you know, coming in with 600 billion.
14:47We have the actually the biggest company of them all, you know, all about it coming in.
14:54That was a big Mr. Wei.
14:56I said, Mr. Wei, you're a smart man, aren't you?
14:59I never met him.
15:00And I said, because I understand you control 99 percent of the chips.
15:04Oh, yes.
15:05Oh, yes, I do.
15:06I said, that's that's pretty good.
15:09I said, is there any way of breaking that grip?
15:11They said it would take you many years.
15:13So I said, you know what?
15:14Can't beat him.
15:15You join him.
15:16But he's going to be building the biggest factory anywhere in the world in Arizona and
15:21spending over 200 billion dollars.
15:24And we have Apple, as you know, is coming in.
15:28And I had a little problem with Tim Cook yesterday.
15:31I said to him, Tim, you're my friend.
15:32I treated you very good.
15:33You're coming in with 500 billion dollars.
15:35But now I hear you're building all over India.
15:37I don't want you building in India.
15:38You can build in India if you want to take care of India, because India is the highest
15:43one of the highest tariff nations in the world.
15:47It's very hard to sell into India.
15:50And they've offered us a deal where we're basically they're willing to literally charge
15:56us no tariff.
15:58So we go from the highest tariff.
16:00You couldn't do business in India.
16:02We're not even a top 30 in India because the tariff is so high to a point where they have
16:07actually told us, I assume you to Scott, you were working on that also, that there will
16:12be no tariff.
16:13Right.
16:14Would you say that's a difference?
16:15They're the highest.
16:16And now they're saying no tariff.
16:17But I said to Tim, I said, Tim, we've treated you really good.
16:21We put up with all the plants that you built in China for years.
16:26Now you got to build us.
16:27We're not interested in you building in India.
16:30India can take care of themselves.
16:31They're doing very well.
16:32We want you to build here and they're going to be upping their production in the United
16:37States.
16:38Apple.
16:39So Apple's already in for 500 billion, but they're going to be upping their production.
16:42So it'll be great.
16:43So I really think we have.
16:46We've gone from a laughingstock six months ago to the hottest country anywhere in the
16:52world.
16:53And that's not just in business.
16:54That's in everything else.
16:55And it's psychologically hot, too.
16:58And I just want to thank everybody for being here.
17:00I want to thank the media.
17:02The media, I have to say, has been very fair.
17:04They've been very fair.
17:05They've been terrific.
17:06Actually, I was watching some of our normally and they would not say good things, but they're
17:12having a hard time saying bad because this is a record tour.
17:15There's never been a tour that will raise.
17:17It could be a total of three and a half, $4 trillion.
17:21This just in this four or five days.
17:24And it's from great people.
17:26And our relationship now is very strong with Saudi Arabia.
17:30Nobody's coming.
17:31Nobody's going to be bothering that relationship.
17:33Nobody would be able to break that relationship because of my relationship with the crown
17:37prince and the family.
17:40The relationship is really strong.
17:42And when you talk about Qatar, the relationship is equal.
17:48I mean, it's just like nobody's going to break that relationship.
17:52We've never we have never had a relationship with Qatar as strong as it is now.
17:58You know that better than anybody.
17:59And they're very happy.
18:00And we're going to protect you.
18:02We're going to protect you.
18:03That's the one thing you need, maybe.
18:05But I don't think you're going to need too much of that.
18:07And I said last night it was a great meeting.
18:09Great everything.
18:10They brought in Lee Greenwood to saying it was a beautiful it was a beautiful evening
18:14and I appreciate it.
18:16But I said last night that Iran is very lucky to have the Amir because he's actually fighting
18:24for them.
18:25He doesn't want us to do a vicious blow to Iran.
18:32He says, you can make a deal.
18:33You can make a deal.
18:34He's really fighting.
18:35And I really mean this.
18:37I think that Iran should say a big thank you to the Amir because the Amir is fighting very
18:43much that we don't.
18:44And there are many people that want me to go the other route.
18:46They say, just knock it out because nobody can beat us.
18:49We have the strongest military in the world by far, not China, not Russia, not anybody.
18:56We have the best military equipment in the world and we have the strongest military in
18:59the world.
19:00If you remember ISIS General Raisin Cain, right?
19:04We knocked it out in three weeks.
19:06You know, they said it would take four years to knock out ISIS.
19:08We did it in three weeks.
19:10That's because you had the right leader with a stupid person.
19:13You'll, you know, do it and you'll do it in four or five years.
19:15You won't even do it.
19:16You'll fight for four years and then you'll leave.
19:18You know, like we always do.
19:19You fight, fight, fight.
19:21We had a president that blew up half the Middle East and then he left.
19:25That was it.
19:26You know, it was like spent $10 trillion on blowing up the Middle East and then he left.
19:31Just said, let's leave now.
19:34You were left with nothing and we don't do that.
19:38We take care of our friends.
19:39And so you have a great ally in us and there's nobody even close in terms of military power.
19:46There's nobody close.
19:47And I'm not only talking about nuclear.
19:50I don't like to mention the word because the nuclear is so destructive that, you know,
19:56it brings you into a different category.
19:58But we're number one in nuclear.
19:59I rebuilt our military, by the way, in my first time.
20:02We had a really successful first term.
20:04Then the election was rigged and I had to wait and it became more historic and I was
20:08able to watch and see.
20:10And the good news is they, although it's bad news in another way, but the good news is
20:14that Biden was so bad, worst president we've ever had by far.
20:19There was never a president like this.
20:20This man was grossly incompetent and now that's been proven.
20:25But people were able to see how bad it is.
20:27And it gave me a mandate.
20:29We won all seven swing states.
20:31We won the popular vote by a lot.
20:33We won the counties by two thousand seven hundred and twenty five to five hundred and
20:41five.
20:43That's why the map is completely red.
20:45When you look at the map, it was a it was an obliteration this election and we got three
20:50hundred and twelve electoral votes.
20:52So it's it was just an obliteration.
20:56And that means a mandate.
20:58And we have a mandate that nobody's had.
21:00They said the most consequential election.
21:02And this was a enemy paper, the most consequential election in one hundred and twenty nine years.
21:09So it's been a tremendous trip.
21:13I've really liked it.
21:14You know, this is going we're going 20 hours a day and people say, how do you do it?
21:21And I said, I do it because I like it.
21:23I like it.
21:24I like the people I'm dealing with.
21:25I said last night that I stood on the line for seemed like hours.
21:29I said hello to Larry.
21:30I said hello to Kelly.
21:32I said hello to your two hundred and fifty competitors.
21:35I said hello to everybody.
21:38And that was a long that was a long sucker.
21:40I want to tell you.
21:41They say, how do you do it?
21:42I said, I do it because I like the man standing on my left.
21:47And I said it two nights before about the crown prince.
21:50But last night I had the Amir and he's fantastic.
21:54And I said, it's really not hard, you know, when you like the people and when you are
21:58doing something, we have a term mega make America great again, very simple term.
22:04And I remember Biden saying we will not let that take over this country.
22:09I said, no, no, you stupid person.
22:12It says make America great again.
22:15It's OK if it takes over the country.
22:17It's called Make America Great Again.
22:20And that's where we are right now.
22:21It's America.
22:22We'll put America first.
22:23But because we're putting it first, we're doing so well, there's going to be plenty
22:26left over to help the world and we can help the world psychologically.
22:31So we think we're going to do well with Russia, Ukraine.
22:33Five thousand soldiers are being killed every single week, on average, five thousand.
22:39And they're not from here and they're not from the USA, they're from Ukraine and Russia.
22:45So some people would say, why are you bothering?
22:47Because these are five thousand young people.
22:49Well, they're getting older because they've gone through so many that they are actually
22:53getting older.
22:54But these are five thousand people that leave their home, wave goodbye to their parents.
22:58Their parents are so proud of them, their sisters, their brothers.
23:01And that's the last they ever see them.
23:03They're wiped out.
23:05And if you would see the satellite pictures, I get satellite pictures of that battlefield.
23:09And I want to tell you, I've never seen anything like that.
23:12I wish I never saw it.
23:14You have heads and arms and legs strewn all over the field.
23:20And you just take a look at that.
23:22And, you know, when you think five thousand a week on average, and that's actually a note,
23:27a low number.
23:28So we're going to see if we can end that.
23:30I was thinking about going, but it's very tough because of what we're doing today and
23:35tomorrow.
23:36But, you know, if something happened, I'd go on Friday if it was appropriate.
23:42But we have people right now negotiating.
23:45And I think that I just hope that Russia and Ukraine are able to do something because
23:53it has to stop.
23:55Not only the money.
23:56We spent three hundred and fifty billion dollars there.
23:59Just hand it.
24:00Nobody even knows where the money is.
24:01Just send him a check.
24:03There's no accounting.
24:04There's no one.
24:05Just give him money.
24:06Every time this every time he came, I have to hand it to him.
24:08I think he's the greatest salesman maybe in history.
24:12Every time he came to the United States, he'd walk away with one hundred billion dollars.
24:16That's a good salesman.
24:17Right.
24:18Even even by your standards.
24:19This is a big standard right here.
24:21But that's a that's a pretty good said, don't walk in.
24:24Leave with one hundred billion dollars.
24:26Last time he didn't do as well, he only got 60 billion.
24:30And it was so easy.
24:31It was like taking candy from a baby.
24:34That was the last administration.
24:35This administration has been a little bit tougher, but would like to see it end.
24:40I think we're going to have a chance at doing it and would like to see if we could solve
24:44the Iran problem in an intelligent way as opposed to a brutal way.
24:48There's only two intelligent and brutal.
24:50Those are the two alternatives.
24:53So I want to thank everybody for being here very much.
24:55And we're going to take some questions and perhaps now we'll ask the press to leave.
24:59And we're going to see you at the airfield.
25:01We're going to have a display of American equipment.
25:03OK.
25:04Yeah.
25:05Jennifer, go ahead.
25:06No, I didn't anticipate.
25:13I actually said, why would he go if I'm not going?
25:15Because I wasn't going to go.
25:17I wasn't planning to.
25:18I would go, but I wasn't planning to go.
25:21And I said, I don't think he's going to go if I don't go.
25:23And that's turned out to be right.
25:25But we have people there.
25:27Marco, as you know, is doing a fantastic job.
25:29Marco's there, secretary of state.
25:32And we have people there.
25:33But I don't I don't I didn't think it was possible for Putin to go if I'm not there.
25:38Jennifer.
25:39Do you have an update, sir, on the Sovereign Wealth Fund, your proposal for the Sovereign
25:42Wealth Fund?
25:43That we're planning on doing?
25:44Yeah.
25:45Well, look, I'm Howard likes the idea.
25:48I'm less.
25:49I want to really make a lot of money, pay off debt and just get it.
25:53And then you do it.
25:54The fund, you know, these people have no debt.
25:57It's nice to have a fund.
25:59I say to Howard, we're a little early because we have debt.
26:03And really, it sounds like a lot.
26:06But relative to the kind of income and everything that we have, it's not really that much.
26:10But but it's still a lot.
26:12And I'd rather pay the debt off and then do the fund after the debts paid off.
26:16And you know, to me, the fund is just pay off that we're making.
26:21We're making a lot of money.
26:23We had a situation six months ago.
26:25We were losing five billion dollars a day on trade.
26:32Now we're making money on trade.
26:34Don't forget, we were losing a trillion dollars to China.
26:38So we essentially went cold turkey with China for a period of a month.
26:42Therefore, we weren't losing a trillion dollars.
26:44You know, I think that's pretty simple.
26:46Scott.
26:47Right.
26:48Scott did a great job over there.
26:49They made a deal.
26:50They have great relationships with China.
26:51You might want to speak about that while the press is here for a second.
26:53Scott, the relationship we have with China is very important step in establishing a working
27:03relationship below the two heads of state.
27:07So with the tariff program, we had a plan.
27:12We have a process.
27:13And now we have a mechanism with our Chinese counterparts to prevent an escalation again.
27:19We're going to go into a series of negotiations.
27:23They're going to be fulsome.
27:25And we have a lot to talk about.
27:28But I think over the next 90 days, we can accomplish a lot.
27:34We're going to be I think I can mention, I'm not sure if the press will understand this,
27:38but we we've devoted I've devoted I think I find it number one, I find it fascinating.
27:43If you don't like things, you're not going to do well.
27:45But I do.
27:46I find it amazing.
27:47And I'm so looking forward to watching some of the power that they purchase at great price.
27:53But you'll see some jets today.
27:55Some of the reporters were in the plane.
27:57Were you in the plane as we were surrounded by eight F-15s?
28:02You saw that?
28:03Were you concerned?
28:04It was a little bit spooky, right?
28:06It's a little bit different when I'm reading the name of the pilot from my I'm looking,
28:11I'm seeing the name, Regras.
28:13I look at that, you know, his helmet, he's got his name, and he's waving to us.
28:17And he's like, you know, he's like where you are.
28:20And so I'm not sure I feel great about it.
28:23But we certainly had a lot of firepower surrounding and as we were coming in, it was beautiful.
28:27And then just before we landed, they took off.
28:31And nobody's ever seen like, you know, they're circled the plane, eight of them.
28:35And we're landing.
28:36So now we're there.
28:38And it was really a display of beauty.
28:41And we heard it, too.
28:43We were in the plane.
28:44I said, what is that?
28:46Because they stepped in the gas because it's hard for them to only go 500 miles an hour.
28:50That's called very slow.
28:51It's not that those plays are they're not meant to go 500 miles an hour, but it's really
28:56good.
28:57Great pilots.
28:58Great, great display.
28:59So we're going to see that.
29:00But one of the things for the people that are interested in the military that I asked
29:03to look into the F-35, we're doing an upgrade, a simple upgrade.
29:09But we're also doing an F-55.
29:12I'm going to call it an F-55.
29:14And that's going to be a substantial upgrade.
29:18But it's going to be also with two engines, because F-35 has a single engine.
29:23I don't like single engines.
29:24Even this man, he's the best in the world at engines.
29:27But on occasion, I know you won't admit this.
29:30If an engine goes out, it's nice to have two, three or four.
29:33That's why I like the 747.
29:35It's got four.
29:37But today they're getting very big and it's a little more cost saving to have two very,
29:41very big ones.
29:42But no matter how good, you know, they tell me, Larry, the engine will never go out.
29:47Well, I think it goes out on occasion, very rarely.
29:51And we're going to do an F-55.
29:54And I think if we get the right price, we have to get the right price.
29:59And that'll be two engines and a super upgrade on the F-35.
30:03And then we're going to do the F-22.
30:04I think the most beautiful fighter jet in the world is the F-22.
30:09But we're going to do an F-22 Super.
30:12And it'll be a very modern version of the F-22 fighter jet.
30:17And I don't know if you know it, but you know who copied it?
30:20China.
30:21They copied it.
30:22I said, I'm looking.
30:23They said, let's see F-22.
30:24They copied our design.
30:27But they won't be able to copy our engines too quickly or anything else.
30:30So we're going to be doing an F-22 Super.
30:34And this will be a plane like no other.
30:35To me, it's the most beautiful fighter jet ever made.
30:39And so I want to do that.
30:40And sometimes, you know, stealth.
30:42They do stealth.
30:43I'm not a huge believer in stealth, because stealth is basically a lot of it's designed
30:47into shape.
30:48And, you know, I'm sure you maybe think.
30:52But also, if that's the case, they're going to figure it out pretty fast, I think.
30:56So you're going to design an ugly plane for stealth reasons, and then six months later,
31:01they're going to figure out this.
31:02And then you're stuck with a plane.
31:03So, you know, we're doing we're doing a super F-22 and we're going to be going with it pretty
31:10pretty quickly.
31:12And then, as I told you, we're going to be doing a tremendous variety of drones from
31:18lots of very inexpensive drones and on the F-55 and on the F-35, but much more on the
31:24F-55 and on your plane that you're doing, which he calls the F-47.
31:32I said, how'd you come up with 47?
31:35It was very nice, actually.
31:37But you said there's a tremendous capability for it travels with many, many, potentially
31:44hundreds of drones.
31:46Right.
31:47Do you want to talk about that?
31:48Because it's very interesting to people.
31:49Well, the F-47 is the first sixth generation fighter in the world.
31:53We're very excited to be developing that and we'll be bringing that into production in
31:58the near future.
31:59I don't know how much I can say about that for for security reasons, but we're very pleased
32:05to be in the development process of that airplane.
32:07Yeah, it's going to be great.
32:08It's got a beautiful, beautiful weapon out, as you say.
32:13We're also doing very heavy on submarines.
32:15We have a lead on submarines that I don't think unless you have a really, really stupid
32:20group of people, including the president, I don't think anybody can catch us on submarines.
32:24We have some more submarine in particular, the late, the late model.
32:31We're 15 years advanced on the submarine.
32:33Nobody can even come close.
32:35It can stay underwater for 30 years.
32:38Think of it.
32:39The only reason it has to come up is for food.
32:41It doesn't need water because they have, you know, they have their system of water, which
32:46is they can stay forever.
32:49The only reason it has to come up is for food.
32:51Can you imagine it could stay underground for underwater for years, going at fast speeds
32:56to very fast speeds, but has to come up once every couple of months for food is something
33:02about that.
33:03I don't know if we're going to be able to solve that problem, but hopefully it's not
33:05going to be a problem we have to worry about.
33:07But the submarine, we are so far advanced in the submarine.
33:10So we're very proud of it.
33:12And we've taken a country that was scoffed at and where we're the hottest country in
33:16the world right now.
33:17We're going to keep it that way.
33:19And just in finalizing that the military was having six months ago and you wrote about
33:25it, Jennifer.
33:26Yes.
33:27Or an article.
33:28But the military was having a very hard time recruiting people, our military.
33:32And they were not able to meet any even come close to their goals.
33:36That was only six months ago.
33:39And now, as you also have written, we have a we have a military that we have so many
33:45people want to get in.
33:46We we've never had anything.
33:49They say 30 years plus because they they only go back, but probably ever.
33:54We have never had such excitement to join the military.
33:57So we went with a military that couldn't recruit very easily and was really way, way behind
34:02to a military where we're actually picking the people we want.
34:06And it's very hard to get in.
34:07It's actually hard to get in.
34:09And that goes for the police force and the firefighters.
34:11I always mention the firefighters are incredible.
34:14But the police force and the firefighters, we're having a very hard time getting people
34:19to become policemen like we had never had before.
34:23That was six months ago, Biden, because the country had no spirit.
34:27It was like just had had no heart.
34:30It was a dead heart.
34:32Now we have the liveliest heart you've ever seen.
34:34So I just think it's such a great contrast to think six months ago you couldn't get.
34:39And now we're setting records.
34:41Who would think that could have happened?
34:43Thank you very much, everybody.