1 00:00:00,200 --> 00:00:04,240 Speaker 1: So all seems to have gone pretty well with President 2 00:00:04,280 --> 00:00:10,080 Speaker 1: Trump in Japan so far. This Asia trip is doing 3 00:00:10,119 --> 00:00:13,760 Speaker 1: its job. He's having the meetings, he's trying to make 4 00:00:15,000 --> 00:00:19,040 Speaker 1: the deals. He's saying, look, we've got frameworks for this 5 00:00:19,120 --> 00:00:22,320 Speaker 1: and frameworks for that. Well, the only thing that matters 6 00:00:22,400 --> 00:00:25,960 Speaker 1: is the meeting with Ajijinping and what happens with China. 7 00:00:26,040 --> 00:00:29,720 Speaker 1: Tony Katz, Tony Katz today, Great to be here, Great 8 00:00:29,800 --> 00:00:32,960 Speaker 1: to be with You find everything over there at Tony 9 00:00:33,040 --> 00:00:37,040 Speaker 1: Katz dot com. You should do that immediately, if not sooner, 10 00:00:37,120 --> 00:00:44,400 Speaker 1: if you don't mind the conversation about Japan and what 11 00:00:44,760 --> 00:00:50,520 Speaker 1: has come of these conversations. Well, first, it is very 12 00:00:50,720 --> 00:00:57,680 Speaker 1: very clear that the new Prime Minister of Japan, Sanae Takaichi, 13 00:00:58,760 --> 00:01:02,520 Speaker 1: she's a fan, and certainly one could argue if she's 14 00:01:02,680 --> 00:01:06,440 Speaker 1: not a fan, she's at least smart enough to understand 15 00:01:07,080 --> 00:01:12,520 Speaker 1: that you need to have the United States with you 16 00:01:13,240 --> 00:01:16,920 Speaker 1: when dealing with two things, a pulling your nation out 17 00:01:16,959 --> 00:01:21,160 Speaker 1: of the stagflation once and for all, and be dealing 18 00:01:21,280 --> 00:01:29,360 Speaker 1: with the threat that is China. So you know, Trump 19 00:01:30,959 --> 00:01:33,640 Speaker 1: is there, and of course he's doing what he does. 20 00:01:36,319 --> 00:01:39,440 Speaker 2: And we had a phenomenal day here in Japan with 21 00:01:39,520 --> 00:01:43,160 Speaker 2: a momentous trade deal. We met a big, big, beautiful 22 00:01:43,160 --> 00:01:47,240 Speaker 2: trade deal for both countries. In fact, to the best 23 00:01:47,240 --> 00:01:51,120 Speaker 2: of my knowledge, I think Japan also had their best stock. 24 00:01:50,840 --> 00:01:51,760 Speaker 1: Market day ever. 25 00:01:52,360 --> 00:01:56,600 Speaker 2: So your new prime minister is doing very well, first female, 26 00:01:56,640 --> 00:01:59,800 Speaker 2: first woman prime minister. And I said, you already hit 27 00:01:59,800 --> 00:02:03,360 Speaker 2: the stock price you've ever hit. So she's very happy. 28 00:02:03,360 --> 00:02:05,520 Speaker 2: And we spent the whole day together. It was beautiful 29 00:02:05,520 --> 00:02:09,000 Speaker 2: and she's she's great. We went out to the George USS, 30 00:02:09,720 --> 00:02:14,880 Speaker 2: George Washington, the s S George Washington. It was it 31 00:02:14,919 --> 00:02:19,120 Speaker 2: was really great, the UH, the Sailors and a lot 32 00:02:19,160 --> 00:02:20,520 Speaker 2: of others. We had a lot of people, a lot 33 00:02:20,520 --> 00:02:22,960 Speaker 2: of military people were there, but boy, there was some scene. 34 00:02:23,000 --> 00:02:24,160 Speaker 2: It was incredible. 35 00:02:24,320 --> 00:02:26,560 Speaker 1: You wouldn't believe that a ship could hold that many people. 36 00:02:27,680 --> 00:02:31,400 Speaker 2: But I just want to say that she is a 37 00:02:31,400 --> 00:02:33,000 Speaker 2: delight and she's gonna be I think it's going to 38 00:02:33,040 --> 00:02:35,400 Speaker 2: be a great prime minister, really do. I've got to 39 00:02:35,400 --> 00:02:37,960 Speaker 2: know pretty well in a short period of time. She 40 00:02:38,160 --> 00:02:41,360 Speaker 2: was a very good friend and ally of Shinzo Abi, 41 00:02:41,400 --> 00:02:42,880 Speaker 2: who was a friend of mine, one of my best 42 00:02:42,919 --> 00:02:46,000 Speaker 2: friends in terms of this world, the world of nations, 43 00:02:46,840 --> 00:02:50,160 Speaker 2: and he was a great man and he got Unfortunately 44 00:02:50,200 --> 00:02:52,840 Speaker 2: what happened to it was sad. 45 00:02:53,760 --> 00:02:57,840 Speaker 1: The former Prime Minister Shinzo Abe was assassinated in Takachi 46 00:02:58,520 --> 00:03:01,799 Speaker 1: is a protege and she says so very very proudly 47 00:03:02,800 --> 00:03:06,440 Speaker 1: of Shinzo Abe. And it's true that Trump and Abe 48 00:03:06,600 --> 00:03:10,920 Speaker 1: actually had a rather good relationship. From every source I 49 00:03:10,960 --> 00:03:15,160 Speaker 1: have seen this, so that does add to it. This 50 00:03:15,400 --> 00:03:19,160 Speaker 1: is to our advantage to have somebody who is not 51 00:03:19,320 --> 00:03:26,960 Speaker 1: only pro American but is very much thinking profoundly about 52 00:03:27,000 --> 00:03:31,120 Speaker 1: her nation's future, because that means we have a better 53 00:03:31,320 --> 00:03:36,120 Speaker 1: effort in thwarting China. This is good stuff. Now, there 54 00:03:36,120 --> 00:03:39,920 Speaker 1: were a series of moves made including you have Japan 55 00:03:40,160 --> 00:03:44,600 Speaker 1: giving the United States two hundred and fifty cherry trees 56 00:03:45,400 --> 00:03:48,119 Speaker 1: to celebrate the two hundred and fiftieth anniversary of America. 57 00:03:49,040 --> 00:03:55,680 Speaker 1: You have the purchase that is taking place of Ford 58 00:03:55,840 --> 00:03:59,320 Speaker 1: f one fifties that Japan has said they're going to do, 59 00:04:00,360 --> 00:04:01,920 Speaker 1: which the minute Trump heard about I think he was 60 00:04:01,920 --> 00:04:04,720 Speaker 1: on Air Force when we heard about Goada. That's smart. 61 00:04:04,720 --> 00:04:09,040 Speaker 1: You know, that's a hot truck. That is a hot 62 00:04:09,120 --> 00:04:13,920 Speaker 1: hot truck right there. Good on them, and these people 63 00:04:13,960 --> 00:04:17,280 Speaker 1: are not fools. It's about building the relationship. 64 00:04:17,839 --> 00:04:20,560 Speaker 2: But tonight I'm more confident than ever that the friendship 65 00:04:20,560 --> 00:04:23,880 Speaker 2: between the United States and Japan is strong, as strong 66 00:04:23,920 --> 00:04:27,279 Speaker 2: as it can be, and it's thriving. It's prosperous, and 67 00:04:27,440 --> 00:04:30,520 Speaker 2: it'll soon be, I think, greater than ever before. And 68 00:04:30,560 --> 00:04:32,160 Speaker 2: we had four great years. You know, we had the 69 00:04:32,160 --> 00:04:34,880 Speaker 2: greatest economy in the history of our country. But we're 70 00:04:34,880 --> 00:04:37,320 Speaker 2: blowing it away this time. To be honest with you, 71 00:04:37,320 --> 00:04:39,640 Speaker 2: we're blowing that was we had four great years. 72 00:04:40,960 --> 00:04:44,360 Speaker 1: Of course, he starts talking about him, He starts talking 73 00:04:44,360 --> 00:04:47,400 Speaker 1: about the country and the economy. Look what I created, 74 00:04:47,400 --> 00:04:51,359 Speaker 1: and look what we had, Look what Biden did. But 75 00:04:51,480 --> 00:04:54,440 Speaker 1: talking about that the friendship between the United States and 76 00:04:54,480 --> 00:04:57,520 Speaker 1: Japan is strong, as strong as it can be, and 77 00:04:57,560 --> 00:05:03,640 Speaker 1: it's thriving. That's what Pan wants to hear. That is 78 00:05:03,760 --> 00:05:07,960 Speaker 1: absolutely the kind of talk that they want to have. 79 00:05:08,640 --> 00:05:11,800 Speaker 1: They want to be able to say that we have 80 00:05:11,920 --> 00:05:15,719 Speaker 1: gotten the relationship, and through that relationship, we're going to 81 00:05:15,800 --> 00:05:20,479 Speaker 1: be able to grow other opportunities. They signed the rare 82 00:05:20,560 --> 00:05:23,920 Speaker 1: earth steal, they signed a conversation or engage a deal 83 00:05:23,960 --> 00:05:30,120 Speaker 1: about nuclear power. All of these things, all of these 84 00:05:30,240 --> 00:05:33,760 Speaker 1: things are not just about Hey, America is going to 85 00:05:33,800 --> 00:05:37,040 Speaker 1: make some loot, not just about Japan saying, hey, Japan's 86 00:05:37,040 --> 00:05:40,080 Speaker 1: going to make some loot. All of this is how 87 00:05:40,120 --> 00:05:42,600 Speaker 1: do you tie together to deal with the Chinese threat. 88 00:05:43,839 --> 00:05:49,040 Speaker 1: That's all there is. It was interesting Reuters made the 89 00:05:49,080 --> 00:05:52,400 Speaker 1: point they made no direct public mention of China, which 90 00:05:52,440 --> 00:05:55,040 Speaker 1: processes more than ninety percent of the world's rare earths, 91 00:05:55,279 --> 00:05:57,960 Speaker 1: making it the source of each country's concern about its 92 00:05:58,040 --> 00:06:02,560 Speaker 1: mineral supply chain. So they were China's been engaging in 93 00:06:02,600 --> 00:06:05,679 Speaker 1: export curbs, and when they did that it was Trump 94 00:06:05,680 --> 00:06:07,039 Speaker 1: he said, well, I don't need to meet was Jesi 95 00:06:07,040 --> 00:06:08,679 Speaker 1: and Peng. If he's going to be like this, that's fine. 96 00:06:09,400 --> 00:06:13,880 Speaker 1: But now rare earth has been the focus has been 97 00:06:13,920 --> 00:06:18,400 Speaker 1: a serious, serious subject for Trump. You saw, I think 98 00:06:18,400 --> 00:06:21,040 Speaker 1: it was the deal with Australia. You've seen other deals. 99 00:06:21,040 --> 00:06:22,760 Speaker 1: You saw the deal just a day or two ago 100 00:06:23,200 --> 00:06:25,960 Speaker 1: with Malaysia on rare earth, and now the deal with Japan. 101 00:06:26,880 --> 00:06:29,599 Speaker 1: The issue with rare earth minerals. I mean, we should 102 00:06:29,600 --> 00:06:34,599 Speaker 1: be at least all understanding what it is we're talking about. 103 00:06:35,040 --> 00:06:40,920 Speaker 1: It's not that we don't have the access of the minerals, 104 00:06:40,920 --> 00:06:44,360 Speaker 1: and these things are used in critical components, electronics, things 105 00:06:44,560 --> 00:06:52,160 Speaker 1: like that. It's that the clearing, the cleaning, the processing 106 00:06:53,520 --> 00:07:01,080 Speaker 1: of rare earth that is dirty, dirty work. And the 107 00:07:01,279 --> 00:07:05,240 Speaker 1: issue there is that not every nation is set up 108 00:07:06,400 --> 00:07:11,840 Speaker 1: to do this dirty work, and so it is China 109 00:07:11,960 --> 00:07:15,920 Speaker 1: that is set up to do this dirty work. They 110 00:07:16,040 --> 00:07:23,880 Speaker 1: have the most amount of control over its sale and utility. 111 00:07:24,040 --> 00:07:26,920 Speaker 1: The last thing in the world you want is China 112 00:07:27,960 --> 00:07:33,520 Speaker 1: having this level of control. There are other nations that 113 00:07:33,680 --> 00:07:38,320 Speaker 1: have rarers. Canada has a lot of rarrors, but it's 114 00:07:38,360 --> 00:07:41,040 Speaker 1: about the other parts of it. So China has been 115 00:07:41,080 --> 00:07:44,119 Speaker 1: the key player in this. Other nations are coming along 116 00:07:44,200 --> 00:07:50,720 Speaker 1: now ipso facto after the fact the relationship deals. It's 117 00:07:50,800 --> 00:07:55,200 Speaker 1: the same way China is working, although they do it differently. 118 00:07:55,680 --> 00:07:59,080 Speaker 1: To get soybeans grown in South America so they don't 119 00:07:59,120 --> 00:08:01,000 Speaker 1: have to rely on America farmers, so you can cut 120 00:08:01,040 --> 00:08:03,600 Speaker 1: them right out. Twelve and a half billion dollars that 121 00:08:03,720 --> 00:08:06,040 Speaker 1: right now because of the trade issues, has gone to 122 00:08:06,200 --> 00:08:10,680 Speaker 1: zero on soybean sales to China. They utilize soybeans and 123 00:08:10,720 --> 00:08:15,000 Speaker 1: soybean buy products to feed the hogs, which are a 124 00:08:15,440 --> 00:08:19,360 Speaker 1: massive source, I would argue the primary source. So that 125 00:08:19,400 --> 00:08:21,040 Speaker 1: could have changed in the last couple of years. I 126 00:08:21,120 --> 00:08:24,520 Speaker 1: don't think it has primary source of food for the 127 00:08:24,600 --> 00:08:30,960 Speaker 1: Chinese people. Massive, massive industry in China. How people get fed, 128 00:08:31,000 --> 00:08:34,840 Speaker 1: it's pigs and so soybeans are a huge part of 129 00:08:34,840 --> 00:08:36,880 Speaker 1: that diet. That's what they have had to rely in 130 00:08:36,920 --> 00:08:38,439 Speaker 1: the United States for. They don't want to rely in 131 00:08:38,480 --> 00:08:42,760 Speaker 1: the United States, so they've been working with South American nations. 132 00:08:42,760 --> 00:08:46,120 Speaker 1: Now understand, they don't work with them because they don't 133 00:08:46,120 --> 00:08:48,400 Speaker 1: engage free trade. They say, hey, here's all this money, 134 00:08:48,720 --> 00:08:51,560 Speaker 1: and then basically they're buying that nation. This has happened 135 00:08:51,559 --> 00:08:55,199 Speaker 1: in Africa repeatedly. Oh yeah, well we'll have trade with you. Hey, 136 00:08:55,240 --> 00:08:56,760 Speaker 1: you know what, we'll build an airport for you. We'll 137 00:08:56,800 --> 00:08:58,400 Speaker 1: build an airport for you. In that way, things can 138 00:08:58,400 --> 00:08:59,800 Speaker 1: get in and out easy to be it's so great. 139 00:09:00,120 --> 00:09:02,160 Speaker 1: And oh yeah, now we control the airport. We decide 140 00:09:02,160 --> 00:09:04,280 Speaker 1: who gets in and out and what gets in and out. 141 00:09:04,640 --> 00:09:08,040 Speaker 1: And that is how you take over a country without 142 00:09:08,040 --> 00:09:12,000 Speaker 1: having to fire a shot. It's China, we get it. 143 00:09:12,640 --> 00:09:17,000 Speaker 1: I didn't I didn't say anything that you didn't already know. 144 00:09:17,160 --> 00:09:19,680 Speaker 1: Now maybe you didn't know that that's how China is operating, 145 00:09:19,920 --> 00:09:21,440 Speaker 1: but once you heard it, you're like, well, of course 146 00:09:21,480 --> 00:09:24,440 Speaker 1: that's how China's operating. All right, I'm busy with my life, right, 147 00:09:24,440 --> 00:09:26,200 Speaker 1: You've got your job, you got your kids, you got 148 00:09:26,240 --> 00:09:28,680 Speaker 1: your things. You haven't thought about that. But the minute 149 00:09:28,720 --> 00:09:30,560 Speaker 1: you hear it, you're like, well, of course that's how 150 00:09:30,640 --> 00:09:33,720 Speaker 1: China does it. Of course, why would anybody be shocked 151 00:09:33,800 --> 00:09:36,360 Speaker 1: or surprised when they heard that. It would make you 152 00:09:36,400 --> 00:09:40,600 Speaker 1: go oh really, well, yeah, of course that's China. China 153 00:09:40,720 --> 00:09:45,880 Speaker 1: spending money. I'm building like railways, a railcar systems in 154 00:09:46,520 --> 00:09:50,760 Speaker 1: South America so they could transport the soybeans, all to 155 00:09:50,760 --> 00:09:53,560 Speaker 1: cut out the United States. So this is the objective 156 00:09:53,880 --> 00:09:57,760 Speaker 1: of trying to You're not gonna cut China out. I 157 00:09:57,800 --> 00:09:59,520 Speaker 1: don't know how that one would work. I would mean 158 00:09:59,640 --> 00:10:02,760 Speaker 1: much more research to figure that one out. But rather, 159 00:10:02,920 --> 00:10:08,280 Speaker 1: how do you limit lessen China's capability and the more 160 00:10:08,400 --> 00:10:12,120 Speaker 1: rare earth you're able to get processed and from other places? 161 00:10:12,280 --> 00:10:15,880 Speaker 1: You do what you drive down cost. If you're driving 162 00:10:15,960 --> 00:10:20,560 Speaker 1: down cost, you are playing the Reagan oil game on 163 00:10:20,679 --> 00:10:26,520 Speaker 1: Gorbachev and you are sinking economies, which is exactly how 164 00:10:26,559 --> 00:10:32,760 Speaker 1: you beat the Chinese. You beat the Chinese by beating 165 00:10:32,800 --> 00:10:40,400 Speaker 1: them economically. You economically starve them, you economically strangle them. Now, 166 00:10:40,400 --> 00:10:42,200 Speaker 1: I'm not saying that in the end. I mean it 167 00:10:42,280 --> 00:10:44,840 Speaker 1: is China. It might not involve a fight. I don't 168 00:10:44,840 --> 00:10:47,960 Speaker 1: want to see that fight. Nobody wants that fight. How 169 00:10:47,960 --> 00:10:52,719 Speaker 1: do you do it? You create hardship in China. That 170 00:10:52,840 --> 00:10:56,280 Speaker 1: gets the people who have been promised a lifestyle through 171 00:10:56,320 --> 00:11:02,120 Speaker 1: this communist embrace. It gets them to be anxious and 172 00:11:02,240 --> 00:11:04,720 Speaker 1: they start to get what's the word I'm looking for. 173 00:11:04,880 --> 00:11:11,560 Speaker 1: That's right, uppity, that's the story. And that's what I 174 00:11:11,720 --> 00:11:15,520 Speaker 1: believe Japan is all in for. That's what Australia is 175 00:11:15,559 --> 00:11:21,199 Speaker 1: all in for. This whole conversation about August, the Australia 176 00:11:21,280 --> 00:11:24,720 Speaker 1: UK US agreement, now that's quite a few years old now, 177 00:11:24,920 --> 00:11:29,840 Speaker 1: but the building of submarines in Australia. You know, we 178 00:11:29,880 --> 00:11:32,680 Speaker 1: talk about our US Navy and the need for more ships, 179 00:11:32,679 --> 00:11:35,000 Speaker 1: and I've been on this for years and it's very, 180 00:11:35,120 --> 00:11:37,520 Speaker 1: very true. We need much more ship building, not only 181 00:11:37,559 --> 00:11:39,880 Speaker 1: in the cargo ship place, but in destroyers and aircraft 182 00:11:39,920 --> 00:11:42,800 Speaker 1: carriers and all these things. We need to get a 183 00:11:42,880 --> 00:11:47,480 Speaker 1: cruisers back out there and engaged in the fight anytime 184 00:11:47,480 --> 00:11:50,080 Speaker 1: we need it aggressively. We need a three hundred and 185 00:11:50,080 --> 00:11:53,160 Speaker 1: forty ship Navy. I am a believer in this philosophy 186 00:11:53,760 --> 00:11:59,600 Speaker 1: ten thousand percent. This has to happen. But we're really 187 00:11:59,640 --> 00:12:04,600 Speaker 1: good at submarines, like we're we're really we're really, really, 188 00:12:04,640 --> 00:12:09,200 Speaker 1: really good at submarines. We just we've really got to 189 00:12:09,200 --> 00:12:11,800 Speaker 1: figure it out. The technologies are out of control and 190 00:12:11,880 --> 00:12:16,800 Speaker 1: it's a place where we have beyond dominated. There's nothing 191 00:12:16,840 --> 00:12:19,080 Speaker 1: wrong with being even better at it. And so if 192 00:12:19,080 --> 00:12:23,440 Speaker 1: we're gonna build in Australia, why is that so important 193 00:12:23,440 --> 00:12:26,600 Speaker 1: to us? Take a look at the map. The strategic 194 00:12:26,679 --> 00:12:30,720 Speaker 1: importance of building submarines and then launching from Australia is 195 00:12:31,600 --> 00:12:34,640 Speaker 1: you're already where you need to be. You don't have 196 00:12:34,679 --> 00:12:39,200 Speaker 1: to go halfway around the globe to get there. To 197 00:12:39,320 --> 00:12:42,000 Speaker 1: keep an ear on people, to keep an eye on people, 198 00:12:42,400 --> 00:12:47,080 Speaker 1: to keep the Taiwan straight. Clear Lord only knows. Because 199 00:12:47,120 --> 00:12:50,920 Speaker 1: if you allow China to be the hegemonic power, you 200 00:12:51,040 --> 00:12:53,600 Speaker 1: have a problem with the navigable seas. Therefore you have 201 00:12:53,640 --> 00:12:56,600 Speaker 1: a problem with trade. And you take a look at Japan, 202 00:12:56,720 --> 00:12:58,360 Speaker 1: you take a look at Australia, and that's not what 203 00:12:58,400 --> 00:13:01,360 Speaker 1: they want. And so you go back to this conversation, 204 00:13:01,559 --> 00:13:06,400 Speaker 1: this meeting with Japan and really go back to Japan's election. 205 00:13:07,640 --> 00:13:12,719 Speaker 1: Go back to the election here of choosing Sanae Takeiichi. 206 00:13:13,600 --> 00:13:14,839 Speaker 1: This is a big deal. 207 00:13:15,120 --> 00:13:15,200 Speaker 2: This. 208 00:13:15,360 --> 00:13:18,559 Speaker 1: You know, we talk about Argentina and the vote from 209 00:13:18,559 --> 00:13:22,720 Speaker 1: Malay and winning re election and his party getting record numbers. 210 00:13:23,200 --> 00:13:26,480 Speaker 1: This is about nations saying there's a better way. We 211 00:13:26,520 --> 00:13:28,160 Speaker 1: got to believe in ourselves and we got to have 212 00:13:28,200 --> 00:13:30,680 Speaker 1: the right relationships with others, and we need people who 213 00:13:30,720 --> 00:13:34,040 Speaker 1: know how to make those relationships work. And so there 214 00:13:34,120 --> 00:13:37,320 Speaker 1: she is. That's what these meetings are about. That's what 215 00:13:37,320 --> 00:13:40,520 Speaker 1: makes them so important. And yes, they're hugely important for Japan, 216 00:13:41,360 --> 00:13:44,640 Speaker 1: Let's not be fools. They're very important for us. These 217 00:13:44,640 --> 00:13:51,000 Speaker 1: strategic relationships, these friendships, this is all about thwarting the 218 00:13:51,160 --> 00:13:56,200 Speaker 1: China threat. Good work, mister President. Let's hope it holds. 219 00:13:56,600 --> 00:13:58,640 Speaker 1: I'm Tony Katz. This is Tony Katz today.