1 00:00:00,080 --> 00:00:10,119 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,119 --> 00:00:13,880 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:13,920 --> 00:00:17,440 Speaker 1: noon and five pm Eastern on Applecarclay and Android Auto 4 00:00:17,520 --> 00:00:20,680 Speaker 1: with the Bloomberg Business App. Listen on demand wherever you 5 00:00:20,720 --> 00:00:24,120 Speaker 1: get your podcasts, or watch us live on YouTube. 6 00:00:25,200 --> 00:00:26,759 Speaker 2: I'm going to have to do some clicking around the 7 00:00:26,760 --> 00:00:29,479 Speaker 2: dial tonight to find I guess Jimmy Kimmel, not that 8 00:00:29,520 --> 00:00:31,440 Speaker 2: I've been up that late in the last twenty years, 9 00:00:31,480 --> 00:00:33,600 Speaker 2: but you know, we could record it and watch it back. 10 00:00:33,680 --> 00:00:38,239 Speaker 2: The President would, I'm guessing, be one to watch this right. 11 00:00:39,640 --> 00:00:41,760 Speaker 2: You can't see it in Washington, DC. That local station 12 00:00:41,840 --> 00:00:43,400 Speaker 2: is owned by Sinclair, I guess. So we're not going 13 00:00:43,440 --> 00:00:47,960 Speaker 2: to be doing any Channel seven Jimmy Kimmel here. It 14 00:00:48,000 --> 00:00:50,640 Speaker 2: makes life interesting, and you know, was this part of 15 00:00:50,640 --> 00:00:54,040 Speaker 2: the idea to make it even more taboo. We'll find 16 00:00:54,040 --> 00:00:56,280 Speaker 2: out together a little after eleven thirty tonight. 17 00:00:56,280 --> 00:00:57,000 Speaker 3: Thanks for being with. 18 00:00:57,000 --> 00:00:59,520 Speaker 2: Us here at high noon on the East Coast on 19 00:00:59,560 --> 00:01:02,600 Speaker 2: Balance of Power on Bloomberg Radio Satellite radio Channel one 20 00:01:02,680 --> 00:01:06,200 Speaker 2: twenty one on YouTube. Search Bloomberg Business News Live to 21 00:01:06,200 --> 00:01:08,319 Speaker 2: watch the radio show on TV, or maybe you're already 22 00:01:08,319 --> 00:01:10,559 Speaker 2: on Bloomberg Originals, where you can find us every day. 23 00:01:12,520 --> 00:01:14,720 Speaker 2: These are the two things I got from the United Nations. 24 00:01:14,880 --> 00:01:18,720 Speaker 2: A bad escalator and a bad teleprompter. The words of 25 00:01:18,800 --> 00:01:22,080 Speaker 2: Donald Trump as he spoke before the UN General Assembly, 26 00:01:22,200 --> 00:01:25,000 Speaker 2: almost an hour long, fifty six minutes in Joining me 27 00:01:25,040 --> 00:01:28,200 Speaker 2: in Washington once again today is Bloomberg's Mario Parker, who's 28 00:01:28,200 --> 00:01:31,760 Speaker 2: covered a couple of Trump speeches in his tenure. I 29 00:01:31,800 --> 00:01:33,840 Speaker 2: don't know where to start here. We're going to talk 30 00:01:33,880 --> 00:01:36,959 Speaker 2: to Tyler who's actually at the UN, Mario. But that 31 00:01:37,080 --> 00:01:38,960 Speaker 2: was a new level, I feel like for the president, 32 00:01:38,959 --> 00:01:39,440 Speaker 2: how about you? 33 00:01:39,600 --> 00:01:42,280 Speaker 4: It was a new level on the global stage, Joe, 34 00:01:42,600 --> 00:01:45,839 Speaker 4: but indistinguishable from some of his campaigns. 35 00:01:45,880 --> 00:01:47,760 Speaker 5: Some speech toes Oka, right, fair enough. 36 00:01:47,520 --> 00:01:53,720 Speaker 4: Casting migration as an existential crisis to civilization, speaking about 37 00:01:53,760 --> 00:01:58,600 Speaker 4: America first in sometimes as well, defending America and its 38 00:01:58,680 --> 00:02:01,600 Speaker 4: right to kind of go rogue and go it alone. 39 00:02:01,840 --> 00:02:04,480 Speaker 4: I mean, but to the extent that he broke some 40 00:02:04,520 --> 00:02:07,160 Speaker 4: of the norms at the UN, name checking some of 41 00:02:07,600 --> 00:02:10,720 Speaker 4: the countries as opposed to his political enemies as well. 42 00:02:11,120 --> 00:02:11,799 Speaker 5: That's some new. 43 00:02:11,720 --> 00:02:14,720 Speaker 2: Territory, some new territory, and we'll give you a taste 44 00:02:14,760 --> 00:02:16,800 Speaker 2: of what the President said just a short time ago 45 00:02:16,840 --> 00:02:18,799 Speaker 2: in front of the Green Marble in Turtle Bay. 46 00:02:18,840 --> 00:02:19,680 Speaker 3: Let's watch and listen. 47 00:02:20,480 --> 00:02:25,480 Speaker 6: We have reasserted that America belongs to the American people, 48 00:02:25,520 --> 00:02:28,200 Speaker 6: and I encourage all countries to take their own stand 49 00:02:29,080 --> 00:02:32,200 Speaker 6: in defense of their citizens as well. 50 00:02:32,600 --> 00:02:35,160 Speaker 5: You have to do that because I see it. 51 00:02:36,280 --> 00:02:38,919 Speaker 6: I'm not mentioning names. I see it, and I could 52 00:02:39,040 --> 00:02:42,440 Speaker 6: call every single one of them. You're destroying your countries. 53 00:02:42,480 --> 00:02:45,480 Speaker 6: They're being destroyed. It's time to end the failed experiment 54 00:02:45,520 --> 00:02:47,320 Speaker 6: of open borders. You have to end it now. 55 00:02:47,480 --> 00:02:48,000 Speaker 3: Let's see. 56 00:02:48,120 --> 00:02:50,800 Speaker 6: I can tell you I'm really good at this stuff. 57 00:02:51,280 --> 00:02:52,760 Speaker 6: Your countries are going to hell. 58 00:02:55,440 --> 00:02:58,359 Speaker 2: That is the takeaway from a fifty six minute speech. 59 00:02:58,360 --> 00:03:01,680 Speaker 2: Your countries are going to hell. Blomberg's Tyler Kendall is 60 00:03:01,720 --> 00:03:04,200 Speaker 2: spending the week at the United Nations General Assembly and 61 00:03:04,280 --> 00:03:07,440 Speaker 2: joins us from outside the UN and Turtle Bay. Right now, Tyler, 62 00:03:07,480 --> 00:03:11,440 Speaker 2: how did this speech go over well? 63 00:03:11,560 --> 00:03:14,520 Speaker 7: Joe, it was really meant with silence into the room 64 00:03:14,560 --> 00:03:17,800 Speaker 7: for many of these countries that were watching. Some moments 65 00:03:17,840 --> 00:03:21,800 Speaker 7: of laughter. Perhaps you had mentioned the issue with the 66 00:03:21,840 --> 00:03:26,359 Speaker 7: prompter at the beginning, but as you said to start 67 00:03:26,360 --> 00:03:28,919 Speaker 7: this segment. It's really hard to know where to start here, 68 00:03:28,960 --> 00:03:31,840 Speaker 7: because President Trump did hit on some moments of real 69 00:03:31,960 --> 00:03:34,640 Speaker 7: tangible policy that we can get into, but perhaps we 70 00:03:34,680 --> 00:03:37,440 Speaker 7: should start by talking about the broader backdrop this harsh 71 00:03:37,480 --> 00:03:41,119 Speaker 7: criticism that he levied against the United Nations as an institution. 72 00:03:41,400 --> 00:03:44,280 Speaker 7: Widely expected that this was going to go this way 73 00:03:44,320 --> 00:03:47,120 Speaker 7: because we know leading up to this, the US has 74 00:03:47,160 --> 00:03:50,400 Speaker 7: actually suspended all of its payments to the United Nations. 75 00:03:50,400 --> 00:03:53,600 Speaker 7: Combined that with past delinquencies from other administrations. Right now, 76 00:03:54,040 --> 00:03:56,520 Speaker 7: the US is on the hook for more than three 77 00:03:56,640 --> 00:04:00,800 Speaker 7: billion dollars in dues and bills to the United Nations. 78 00:04:00,840 --> 00:04:04,240 Speaker 7: So this has been something that the administration is actually 79 00:04:04,280 --> 00:04:06,880 Speaker 7: repeating when it comes to a trend, and it's rhetoric 80 00:04:06,920 --> 00:04:09,560 Speaker 7: from the first Trump administration. I know you're going to 81 00:04:09,560 --> 00:04:11,640 Speaker 7: catch up with Adam, but I will quickly cite our 82 00:04:11,640 --> 00:04:14,480 Speaker 7: analysts at Bloomberg Economics which say that the UN, with 83 00:04:14,640 --> 00:04:17,560 Speaker 7: or without the US, was already in trouble. Back in January, 84 00:04:17,560 --> 00:04:21,279 Speaker 7: we knew that the Secretary General had declared a liquidity crisis. Now, 85 00:04:21,320 --> 00:04:25,000 Speaker 7: even amid this really staunch criticism for the United Nations, 86 00:04:25,000 --> 00:04:30,000 Speaker 7: President Trump saying that the UN is only empty words. Actually, 87 00:04:30,120 --> 00:04:32,359 Speaker 7: it appears that reporters were able to catch up with 88 00:04:32,400 --> 00:04:34,640 Speaker 7: the President after his speech, and he was with the 89 00:04:34,680 --> 00:04:37,640 Speaker 7: Secretary General of the UN and he said, quote, I 90 00:04:37,640 --> 00:04:41,400 Speaker 7: think the potential of the United Nations is incredible, truly incredible. 91 00:04:41,760 --> 00:04:44,359 Speaker 7: It can do so much. So I'm behind it. I 92 00:04:44,400 --> 00:04:47,800 Speaker 7: may disagree with it sometimes, but I am so behind it. 93 00:04:47,839 --> 00:04:52,279 Speaker 7: So perhaps a little bit different, a lesser take there 94 00:04:52,360 --> 00:04:55,520 Speaker 7: than what we heard from President Trump during his remarks. 95 00:04:55,080 --> 00:04:55,520 Speaker 8: In the room. 96 00:04:57,440 --> 00:04:58,320 Speaker 3: Fascinating stuff. 97 00:04:58,600 --> 00:05:00,440 Speaker 2: Tyler, thank you so much for being there for us, 98 00:05:00,920 --> 00:05:03,760 Speaker 2: joining us from New York at the UN Tyler Kendall, 99 00:05:03,760 --> 00:05:06,680 Speaker 2: As we add the voice of Adam Ferrer as promised, 100 00:05:06,680 --> 00:05:10,799 Speaker 2: Bloomberg Economics senior geoeconomics analyst. It's great to have you, Adam. 101 00:05:10,800 --> 00:05:13,040 Speaker 2: I know you were watching and listening along with us, 102 00:05:13,080 --> 00:05:17,000 Speaker 2: just stylistically speaking, the impact that this made in a 103 00:05:17,080 --> 00:05:19,320 Speaker 2: room full of pretty straight faces. 104 00:05:19,360 --> 00:05:20,599 Speaker 3: What did we just see? 105 00:05:21,320 --> 00:05:23,720 Speaker 9: So, I think, to start with, in many ways, what 106 00:05:23,760 --> 00:05:26,480 Speaker 9: we saw was a highlight reel for President Trump. I 107 00:05:26,520 --> 00:05:28,440 Speaker 9: think Mario you already highlighted a little bit at the 108 00:05:28,440 --> 00:05:31,000 Speaker 9: beginning that this felt very familiar for those of us 109 00:05:31,040 --> 00:05:35,200 Speaker 9: who've watched President Trump gives speeches, particularly given for better 110 00:05:35,279 --> 00:05:38,479 Speaker 9: or worse, this teleprompter issue that he suffered, despite the 111 00:05:38,520 --> 00:05:41,040 Speaker 9: un insisting afterwards that the Dell prompter was working. 112 00:05:41,680 --> 00:05:44,719 Speaker 3: But you know, looking back to his previous. 113 00:05:44,400 --> 00:05:47,320 Speaker 9: Speeches and particularly from his first term, it had a 114 00:05:47,360 --> 00:05:50,359 Speaker 9: feeling that the room took him more seriously this time, 115 00:05:50,800 --> 00:05:55,119 Speaker 9: that despite I think there being lots of reticence about 116 00:05:55,120 --> 00:05:57,360 Speaker 9: the approach that he and the United States are taking 117 00:05:57,400 --> 00:06:02,400 Speaker 9: on international politics, trade and engagement in military affairs, that 118 00:06:02,800 --> 00:06:06,040 Speaker 9: they're unsure of how to approach him and aren't willing 119 00:06:06,360 --> 00:06:09,680 Speaker 9: to laugh at what they see as big changes in 120 00:06:09,760 --> 00:06:14,960 Speaker 9: policy or things that even seem laughable in general. Now 121 00:06:15,080 --> 00:06:17,919 Speaker 9: in terms of topic areas, what was most interesting to 122 00:06:17,960 --> 00:06:19,839 Speaker 9: me was that we didn't actually break a lot of 123 00:06:19,880 --> 00:06:22,320 Speaker 9: new ground right one of the things we're looking for, 124 00:06:22,360 --> 00:06:25,400 Speaker 9: and as Tyler was just mentioning or with some change 125 00:06:25,440 --> 00:06:27,360 Speaker 9: potentially in how the United States was going to approach 126 00:06:27,360 --> 00:06:31,760 Speaker 9: the United Nations itself. There's been an ongoing review at 127 00:06:31,760 --> 00:06:34,400 Speaker 9: the State Department and across the US government about how 128 00:06:34,440 --> 00:06:37,960 Speaker 9: the United States will engage with different multinational organizations, including 129 00:06:38,240 --> 00:06:41,160 Speaker 9: all the different parts and bodies at the UN. And 130 00:06:41,320 --> 00:06:44,640 Speaker 9: here we just didn't get anything really. Certainly, we had 131 00:06:44,800 --> 00:06:47,800 Speaker 9: broad ranging attacks in the United Nations, efforts by the 132 00:06:47,800 --> 00:06:50,560 Speaker 9: President to kind of put himself as the alternative to 133 00:06:50,560 --> 00:06:53,200 Speaker 9: the United Nations, right laying out the seven conflicts that 134 00:06:53,240 --> 00:06:55,520 Speaker 9: he has addressed, he has solved and that the United 135 00:06:55,600 --> 00:06:58,400 Speaker 9: Nations has not, but at the same time no decision 136 00:06:58,600 --> 00:07:01,880 Speaker 9: particularly on funding or specific organizations that the US might 137 00:07:01,880 --> 00:07:02,640 Speaker 9: withdraw from. 138 00:07:03,200 --> 00:07:04,719 Speaker 3: Adam, do we have a sense? And you kind of 139 00:07:05,120 --> 00:07:06,960 Speaker 3: hinted at it as well, do we have a sense? 140 00:07:07,000 --> 00:07:08,080 Speaker 3: I mean one of the things one of. 141 00:07:08,080 --> 00:07:11,200 Speaker 4: The notes in the speech was the tax on coal 142 00:07:11,400 --> 00:07:17,360 Speaker 4: and climate change. Excuse me, defending coal and attacking climate change. Essentially, 143 00:07:17,480 --> 00:07:19,280 Speaker 4: the way I read it was that he was also 144 00:07:19,360 --> 00:07:22,040 Speaker 4: signaling that the US is open for business as well. 145 00:07:22,440 --> 00:07:24,520 Speaker 4: How much do you think that the trade deals will 146 00:07:24,560 --> 00:07:27,080 Speaker 4: come up on the sidelines of or economic state craft 147 00:07:27,120 --> 00:07:29,280 Speaker 4: will come up on the sidelines of some of these bilads. 148 00:07:29,800 --> 00:07:31,960 Speaker 9: I think it's at the center of almost everything he's 149 00:07:32,040 --> 00:07:34,520 Speaker 9: doing in the engagement and to the point of what 150 00:07:34,560 --> 00:07:37,080 Speaker 9: we're talking about before. Maybe that was also surprising is 151 00:07:37,120 --> 00:07:39,000 Speaker 9: the trade in and of itself was a very small 152 00:07:39,040 --> 00:07:43,240 Speaker 9: portion of this speech. With his own avowed focus when 153 00:07:43,280 --> 00:07:46,800 Speaker 9: he issued his tweet or excuse me his truth afterwards 154 00:07:46,960 --> 00:07:49,800 Speaker 9: that this speech was about energy and migration, not about trade. 155 00:07:50,000 --> 00:07:51,920 Speaker 9: But when he gots in the room with these leaders, 156 00:07:52,080 --> 00:07:54,440 Speaker 9: it's going to be all about trade and all about 157 00:07:54,480 --> 00:07:56,360 Speaker 9: trying to both move forward on the deals that are 158 00:07:56,400 --> 00:07:58,840 Speaker 9: already on the table, many of which still haven't been signed, 159 00:07:59,240 --> 00:08:02,760 Speaker 9: and to get new carveouts new efforts to improve the 160 00:08:02,800 --> 00:08:04,960 Speaker 9: relationship with the United States. And I think you're right. 161 00:08:05,280 --> 00:08:07,960 Speaker 9: He tried to make clear that the United States has 162 00:08:08,000 --> 00:08:10,520 Speaker 9: a model that others should follow, and that is strong 163 00:08:10,560 --> 00:08:15,280 Speaker 9: borders and you know, traditional energy sources, but also on trade, 164 00:08:15,280 --> 00:08:18,600 Speaker 9: it's about you rectifying the balance and the scale. 165 00:08:18,720 --> 00:08:20,040 Speaker 5: So I think he'll. 166 00:08:19,880 --> 00:08:21,200 Speaker 9: Certainly be focused on those issues. 167 00:08:21,280 --> 00:08:23,040 Speaker 2: Looking at some of the folks he is meeting with, 168 00:08:23,320 --> 00:08:26,120 Speaker 2: it's Mila from Argentina. He's got a Middle East peace conference, 169 00:08:26,160 --> 00:08:28,840 Speaker 2: as the administration is calling it, the leaders of eight 170 00:08:28,920 --> 00:08:32,680 Speaker 2: Muslim majority countries, including Saudi Arabia, Turkey Cutter, but also 171 00:08:32,800 --> 00:08:35,400 Speaker 2: Vladimir Zelensky. And I wonder, after what we heard the 172 00:08:35,400 --> 00:08:38,960 Speaker 2: President say about Vladimir Putin today, if that meeting could 173 00:08:39,000 --> 00:08:41,520 Speaker 2: bring some progress to ending the war in Ukraine. 174 00:08:41,720 --> 00:08:44,520 Speaker 9: So Dolensky was in the room cameras panned to him 175 00:08:44,600 --> 00:08:47,520 Speaker 9: during that portion of the speech. I think certainly he 176 00:08:47,600 --> 00:08:51,320 Speaker 9: had nothing to Trump didn't give Lensky new worries in 177 00:08:51,400 --> 00:08:54,959 Speaker 9: the speech. We didn't hear anything new there. He did 178 00:08:55,120 --> 00:08:59,040 Speaker 9: express his deep frustration with President Putin, which you know, 179 00:08:59,080 --> 00:09:02,040 Speaker 9: again is a good coming off of what was a 180 00:09:02,080 --> 00:09:06,400 Speaker 9: whirlwind in August with President Trump meeting Putin in Alaska, 181 00:09:06,480 --> 00:09:09,439 Speaker 9: having such positive things to say despite any real progress, 182 00:09:09,760 --> 00:09:12,960 Speaker 9: and then his quick meetings the following week with Zelensky 183 00:09:13,080 --> 00:09:15,480 Speaker 9: and European leaders where they set out a plan to 184 00:09:15,600 --> 00:09:19,080 Speaker 9: implement peace agreement and brings Lensky and Putin to the table, 185 00:09:19,120 --> 00:09:22,600 Speaker 9: which so far hasn't happened. But then what Trump pivoted 186 00:09:22,640 --> 00:09:27,800 Speaker 9: to was this decision that he would put real tariffs, 187 00:09:27,840 --> 00:09:31,680 Speaker 9: as he said, real punishment on countries to force Putin 188 00:09:31,760 --> 00:09:35,880 Speaker 9: back to the table, but only if Europe takes drastic 189 00:09:35,920 --> 00:09:38,439 Speaker 9: actions to decrease its reliance on oil, which it has 190 00:09:38,480 --> 00:09:39,760 Speaker 9: already done so far. 191 00:09:39,880 --> 00:09:43,720 Speaker 2: Interesting that he suggested he just found out about European 192 00:09:43,800 --> 00:09:48,360 Speaker 2: nations buying oil from Russia, which was curious, Mario. Great 193 00:09:48,400 --> 00:09:51,640 Speaker 2: conversation as always with Adam Ferrah. Thank you, Adam Bloomberg Economics. 194 00:09:51,720 --> 00:09:53,920 Speaker 2: Stay with us on Balance of Power. We'll have much 195 00:09:53,920 --> 00:09:55,120 Speaker 2: more coming up after this. 196 00:09:59,360 --> 00:10:02,880 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 197 00:10:02,960 --> 00:10:06,000 Speaker 1: us live weekdays at noon and five pm Eastern on 198 00:10:06,120 --> 00:10:09,360 Speaker 1: Apple Cocklay and Android Auto with the Bloomberg Business App. 199 00:10:09,400 --> 00:10:12,439 Speaker 1: You can also listen live on Amazon Alexa from our 200 00:10:12,440 --> 00:10:17,319 Speaker 1: flagship New York station, Just say Alexa play Bloomberg eleven thirty. 201 00:10:18,480 --> 00:10:19,360 Speaker 3: On Balance of Power. 202 00:10:19,360 --> 00:10:22,120 Speaker 2: We're live in Washington on Bloomberg TV and Radio Live 203 00:10:22,160 --> 00:10:25,839 Speaker 2: as well on YouTube and Bloomberg Originals and satellite radio 204 00:10:25,960 --> 00:10:28,720 Speaker 2: Channel one twenty one. Thank you for being part of 205 00:10:28,760 --> 00:10:32,320 Speaker 2: our conversation today as we try to unpack the words 206 00:10:32,360 --> 00:10:34,920 Speaker 2: of President Trump. That's how we started the broadcast a 207 00:10:34,960 --> 00:10:38,760 Speaker 2: bit earlier today with President Trump at the United Nations. 208 00:10:38,760 --> 00:10:40,679 Speaker 2: We're going to assemble our panel next to get their 209 00:10:40,720 --> 00:10:44,320 Speaker 2: take on a speech that many I guess saw coming. 210 00:10:44,360 --> 00:10:46,880 Speaker 2: It is President Trump after all, but a thumbing of 211 00:10:46,880 --> 00:10:50,320 Speaker 2: the nose for lack of a better phrase, at the 212 00:10:50,360 --> 00:10:52,679 Speaker 2: globalists he referred to in the room. Here's a taste 213 00:10:52,679 --> 00:10:54,320 Speaker 2: of the president earlier today in New York. 214 00:10:55,080 --> 00:11:00,000 Speaker 6: We have reasserted that America belongs to the American people, 215 00:11:00,120 --> 00:11:02,760 Speaker 6: and I encourage all countries to take their own stand 216 00:11:03,640 --> 00:11:07,600 Speaker 6: in defense of their citizens as well. You have to 217 00:11:07,640 --> 00:11:12,360 Speaker 6: do that because I see it. I'm not mentioning names. 218 00:11:12,400 --> 00:11:15,079 Speaker 6: I see it, and I could call every single one 219 00:11:15,120 --> 00:11:18,360 Speaker 6: of them. You're destroying your countries. They're being destroyed. It's 220 00:11:18,400 --> 00:11:21,040 Speaker 6: time to end the failed experiment of open borders. You 221 00:11:21,080 --> 00:11:21,880 Speaker 6: have to end it now. 222 00:11:22,040 --> 00:11:22,600 Speaker 3: Let's see. 223 00:11:22,679 --> 00:11:25,360 Speaker 6: I can tell you I'm really good at this stuff. 224 00:11:25,840 --> 00:11:28,640 Speaker 6: You countries are going to hell. 225 00:11:28,800 --> 00:11:32,320 Speaker 3: Going to hell was the message for those in the room. 226 00:11:32,400 --> 00:11:35,000 Speaker 2: More than one hundred world leaders gathered in New York, 227 00:11:35,960 --> 00:11:38,200 Speaker 2: and we play it to the panel now. Bloomberg Politics 228 00:11:38,200 --> 00:11:41,120 Speaker 2: contributors Genie Shanzano and Rick Davis are with us. Rick 229 00:11:41,200 --> 00:11:44,440 Speaker 2: is our Republican strategist and partner at Stone Court Capital. 230 00:11:44,520 --> 00:11:48,600 Speaker 2: Genie is our democratic analyst and democracy visiting fellow at 231 00:11:48,600 --> 00:11:53,280 Speaker 2: Harvard Kennedy School's Ash Center. Rick, what was that? Did 232 00:11:53,280 --> 00:11:57,120 Speaker 2: the President plan to give the room a middle finger today? 233 00:11:57,800 --> 00:11:58,000 Speaker 6: Well? 234 00:11:58,000 --> 00:12:01,120 Speaker 8: For sure, right, I mean, he actually pretty much read 235 00:12:01,160 --> 00:12:03,400 Speaker 8: the speech that he planned to give, even though there 236 00:12:03,520 --> 00:12:06,640 Speaker 8: was some veering off script from time to time, and 237 00:12:06,679 --> 00:12:12,600 Speaker 8: it was clearly a docturnal speech about America. First, the 238 00:12:12,600 --> 00:12:18,000 Speaker 8: themes he struck on immigration and security and climate all 239 00:12:18,080 --> 00:12:20,199 Speaker 8: come right out of the America First playbook. 240 00:12:21,120 --> 00:12:24,199 Speaker 5: And I would say, if you believe in American. 241 00:12:23,840 --> 00:12:27,880 Speaker 8: Exceptionalism, if you believe in the fact that America is 242 00:12:27,920 --> 00:12:29,960 Speaker 8: the greatest country for good in the world, and that 243 00:12:30,320 --> 00:12:35,319 Speaker 8: much of the prosperity and safety that we've experienced since 244 00:12:35,360 --> 00:12:38,280 Speaker 8: World War Two has been because of our leadership around 245 00:12:38,320 --> 00:12:41,280 Speaker 8: the world, you would have been a gas by the 246 00:12:41,280 --> 00:12:45,000 Speaker 8: speech today, A big step backwards with the people who 247 00:12:45,040 --> 00:12:46,960 Speaker 8: believe in that kind of concept for America. 248 00:12:47,920 --> 00:12:50,120 Speaker 2: Yeah, we're going to be, by the way, speaking in 249 00:12:50,160 --> 00:12:52,360 Speaker 2: just a couple of moments with the President of Latvia, 250 00:12:52,720 --> 00:12:54,880 Speaker 2: and we'll be curious to get his reaction. He's at 251 00:12:54,880 --> 00:12:58,160 Speaker 2: the UN right now, Genie. The President spoke directly to 252 00:12:58,200 --> 00:13:00,840 Speaker 2: the organization itself, not only the men members who were 253 00:13:00,880 --> 00:13:02,959 Speaker 2: in the room, asking what is the purpose of the 254 00:13:03,080 --> 00:13:05,560 Speaker 2: United Nations? All they seem to do is write a 255 00:13:05,600 --> 00:13:08,680 Speaker 2: really strongly worded letter. Is there some truth to that? 256 00:13:10,840 --> 00:13:12,920 Speaker 3: It's the eightieth anniversary of the UN. 257 00:13:13,559 --> 00:13:15,520 Speaker 10: I would have liked to hear what the planned for 258 00:13:15,600 --> 00:13:18,839 Speaker 10: the US is in terms of seeing the UN into 259 00:13:18,880 --> 00:13:22,680 Speaker 10: the future. The President is right, reforms are necessary, but 260 00:13:22,880 --> 00:13:26,679 Speaker 10: unfortunately he spent what Joe five minutes talking about how 261 00:13:26,679 --> 00:13:29,400 Speaker 10: aggrieved he was that over the last twenty years, the 262 00:13:29,559 --> 00:13:31,960 Speaker 10: UN has failed to take him up on his offer 263 00:13:32,080 --> 00:13:35,440 Speaker 10: to redecorate and renovate the UN. I mean, for those 264 00:13:35,480 --> 00:13:38,199 Speaker 10: of us who watched Trump on a daily basis, none 265 00:13:38,200 --> 00:13:41,600 Speaker 10: of this was new. But once you got past the teleprompter, 266 00:13:41,760 --> 00:13:45,000 Speaker 10: the escalator, and the renovations of the UN, what we're 267 00:13:45,080 --> 00:13:47,800 Speaker 10: left with is a world that's seven eight months into 268 00:13:47,840 --> 00:13:51,600 Speaker 10: his administration is less safe, and the United States place 269 00:13:51,679 --> 00:13:54,200 Speaker 10: in it is less safe than we were when he started. 270 00:13:54,559 --> 00:13:57,240 Speaker 10: And that's why what was stunning is not only nothing 271 00:13:57,240 --> 00:14:01,840 Speaker 10: on the eightieth anniversary, but what about China. He barely 272 00:14:02,080 --> 00:14:06,920 Speaker 10: mentioned our major competitor in China, almost nothing on Russia, 273 00:14:06,960 --> 00:14:10,480 Speaker 10: but a lot of vitriolic language on our closest allies, 274 00:14:10,520 --> 00:14:11,800 Speaker 10: who he says are going to hell. 275 00:14:13,920 --> 00:14:16,880 Speaker 2: Talked about climate change at length, Rick, calling it the 276 00:14:16,880 --> 00:14:20,840 Speaker 2: greatest con job ever perpetrated on the world. He said 277 00:14:20,840 --> 00:14:23,840 Speaker 2: that the Biden administration had lost more than three hundred 278 00:14:24,000 --> 00:14:27,840 Speaker 2: thousand children to human trafficking and that many countries were 279 00:14:27,840 --> 00:14:30,840 Speaker 2: on the brink of destruction due to their alliance on 280 00:14:30,920 --> 00:14:33,040 Speaker 2: green energy. 281 00:14:33,200 --> 00:14:33,760 Speaker 3: You mentioned a. 282 00:14:33,760 --> 00:14:35,680 Speaker 2: Couple of years ago. This speech would have played very 283 00:14:35,680 --> 00:14:38,120 Speaker 2: differently for those in the room. Does he not need 284 00:14:38,160 --> 00:14:42,640 Speaker 2: to back up any of those statements, Well. 285 00:14:42,480 --> 00:14:43,040 Speaker 3: He won't. 286 00:14:43,400 --> 00:14:45,240 Speaker 8: I mean, I think we have enough of a track 287 00:14:45,320 --> 00:14:48,880 Speaker 8: record with Donald Trump to know that he's going to 288 00:14:49,000 --> 00:14:51,800 Speaker 8: let the fur fly right and it doesn't have to 289 00:14:51,840 --> 00:14:52,600 Speaker 8: be accurate. 290 00:14:53,040 --> 00:14:54,440 Speaker 5: You know, he's making a point. 291 00:14:54,520 --> 00:14:57,440 Speaker 8: He would even say, I'm just you know, hyperbole is 292 00:14:57,480 --> 00:15:02,640 Speaker 8: my friend, you know, sometimes exaggerate, but you know, look, 293 00:15:02,640 --> 00:15:06,840 Speaker 8: I mean, this was a speech full of factual inconsistencies. 294 00:15:07,280 --> 00:15:12,360 Speaker 8: The kies on climate today was exceptionally strong from his 295 00:15:12,400 --> 00:15:14,280 Speaker 8: point of view. I mean, it took up a lot 296 00:15:14,360 --> 00:15:17,880 Speaker 8: more of the time at the UN speech than it 297 00:15:17,880 --> 00:15:21,120 Speaker 8: would have I thought been granted by him. 298 00:15:22,240 --> 00:15:23,440 Speaker 5: But full of inconsistency. 299 00:15:23,520 --> 00:15:26,200 Speaker 8: He loves to rail about China, you know, not having 300 00:15:26,280 --> 00:15:28,680 Speaker 8: any wind power, why would we have any? 301 00:15:28,800 --> 00:15:30,280 Speaker 5: And of course they're the leader in the world on 302 00:15:30,360 --> 00:15:30,840 Speaker 5: went power. 303 00:15:30,920 --> 00:15:33,560 Speaker 8: So I mean, unless you put a filter on this, 304 00:15:33,920 --> 00:15:37,480 Speaker 8: you would look at the world much differently by the 305 00:15:37,560 --> 00:15:39,040 Speaker 8: kind he described. 306 00:15:39,920 --> 00:15:43,320 Speaker 2: As The President now heads for his meeting with Muslim 307 00:15:43,400 --> 00:15:47,360 Speaker 2: leaders and a reception of world leaders this evening before 308 00:15:47,360 --> 00:15:50,800 Speaker 2: heading back to Washington, d C. It's a great pleasure 309 00:15:50,840 --> 00:15:54,280 Speaker 2: to be joined by the President of Latvia. President Edgars 310 00:15:54,360 --> 00:15:57,040 Speaker 2: Rinkovich is with us live from the United Nations in 311 00:15:57,120 --> 00:16:00,440 Speaker 2: New York on this important day, and mister President, welcome 312 00:16:00,520 --> 00:16:03,560 Speaker 2: you to Bloomberg TV and Radio. The President, in a 313 00:16:03,600 --> 00:16:06,520 Speaker 2: news conference just a moment ago, as you were sitting 314 00:16:06,520 --> 00:16:09,440 Speaker 2: down to talk with us on Bloomberg, said that NATO 315 00:16:09,560 --> 00:16:14,080 Speaker 2: countries should shoot down aircraft entering their airspace, of course, 316 00:16:14,160 --> 00:16:18,120 Speaker 2: referring to the Russian incursions on Polish airspace as well 317 00:16:18,160 --> 00:16:22,760 Speaker 2: as Estonian airspace. Is your country prepared if that happens? 318 00:16:25,480 --> 00:16:25,680 Speaker 10: Well. 319 00:16:25,720 --> 00:16:30,120 Speaker 11: Actually, Latvia as well as other Baltic states are under 320 00:16:30,160 --> 00:16:33,840 Speaker 11: the NATO Air Patrolling mission, so that kind of decision 321 00:16:33,960 --> 00:16:36,360 Speaker 11: should be taken by NATO command. But I think that 322 00:16:36,840 --> 00:16:41,000 Speaker 11: President Trump and other leaders who have expressed their views 323 00:16:41,040 --> 00:16:46,480 Speaker 11: on this issue, all right, if Russian aircraft keep flying, 324 00:16:46,680 --> 00:16:52,120 Speaker 11: keep violating out a space, NATO's airspace, then the only 325 00:16:52,200 --> 00:16:53,600 Speaker 11: way how to stop them is. 326 00:16:53,560 --> 00:16:54,400 Speaker 3: To show force. 327 00:16:55,000 --> 00:16:58,280 Speaker 11: And from that perspective, I would say that we are 328 00:16:58,320 --> 00:17:02,600 Speaker 11: going to push for or most regent natal policy in 329 00:17:02,600 --> 00:17:03,120 Speaker 11: this regard. 330 00:17:04,640 --> 00:17:07,120 Speaker 2: Interesting, I'd love if you have more details on those 331 00:17:07,200 --> 00:17:11,960 Speaker 2: changes and the potential for increasing air defenses along the 332 00:17:12,080 --> 00:17:16,360 Speaker 2: Russian border. Is there a way to deter Russia from 333 00:17:16,400 --> 00:17:17,440 Speaker 2: flying these missions? 334 00:17:18,480 --> 00:17:23,160 Speaker 11: Yes, yes there is. Actually we have two issues here. 335 00:17:23,400 --> 00:17:28,280 Speaker 11: Number one, it's drones that have been flying into the Polish, 336 00:17:28,680 --> 00:17:35,120 Speaker 11: Romanian also Latvian territory. Mostly we have seen those kinds 337 00:17:35,160 --> 00:17:42,280 Speaker 11: of incursions as tests, and here more anti drone defense 338 00:17:43,280 --> 00:17:46,480 Speaker 11: is needed. Actually that's a bit also the kind of 339 00:17:46,600 --> 00:17:50,000 Speaker 11: race when it comes to technologies. Number two, it's what 340 00:17:50,119 --> 00:17:55,359 Speaker 11: happened with Estonia megs flying into the Estonian territory. And here, 341 00:17:55,840 --> 00:17:58,640 Speaker 11: as I said, to some extent, the Baltic States are 342 00:17:58,680 --> 00:18:02,080 Speaker 11: in a very peculiar position because we do not have 343 00:18:02,119 --> 00:18:05,000 Speaker 11: our fighters. Since we joined NATO back in two thousand 344 00:18:05,000 --> 00:18:08,800 Speaker 11: and four, there is so called Baltic a policing mission. 345 00:18:09,359 --> 00:18:13,840 Speaker 11: What has been decided that that policing mission will become 346 00:18:14,200 --> 00:18:19,200 Speaker 11: a full fledge a defense mission. And then I think 347 00:18:19,240 --> 00:18:22,600 Speaker 11: that rules of engagement need also to be upgraded in 348 00:18:22,640 --> 00:18:27,840 Speaker 11: a way that if Russians continue, then yes, indeed the 349 00:18:27,920 --> 00:18:34,560 Speaker 11: opening of fire would be an alternative. Can we stop Russians? Yes, 350 00:18:34,640 --> 00:18:38,199 Speaker 11: we have seen what happened with the Baltic Sea a 351 00:18:38,200 --> 00:18:42,160 Speaker 11: couple of months ago. We had many incidents with underwater 352 00:18:42,200 --> 00:18:47,280 Speaker 11: infrastructure when so called Baltic Century Mission started, more ships, 353 00:18:47,560 --> 00:18:51,639 Speaker 11: NATO ships patrolling the Baltic Sea. All of suddenly the 354 00:18:51,720 --> 00:18:55,320 Speaker 11: pattern changed. The problem with Russians is that they're going 355 00:18:55,359 --> 00:18:59,200 Speaker 11: to stop incurgency in the Balticore, in the NATO airspace 356 00:18:59,320 --> 00:19:02,200 Speaker 11: if they see so, of course, But at the same 357 00:19:02,240 --> 00:19:04,680 Speaker 11: time they are going to find other ways how actually 358 00:19:05,000 --> 00:19:06,760 Speaker 11: to test time to challenge the Alliance. 359 00:19:08,280 --> 00:19:12,560 Speaker 2: So are you, essentially President Rinkovic describing a no fly 360 00:19:12,760 --> 00:19:17,680 Speaker 2: zone for Eastern Europe, for border nations that NATO would 361 00:19:17,680 --> 00:19:18,880 Speaker 2: work together on. 362 00:19:18,960 --> 00:19:20,520 Speaker 3: Is that how you defend the skies? 363 00:19:23,119 --> 00:19:26,000 Speaker 11: Not exactly a no fly zone. No fly zone would 364 00:19:26,000 --> 00:19:30,840 Speaker 11: mean that actually we stopped flying all aircraft, civilian friendly 365 00:19:31,320 --> 00:19:36,879 Speaker 11: NATO aircraft understood. I'm advocating for much strangely and defense 366 00:19:37,400 --> 00:19:41,040 Speaker 11: policy of the Alliance, as we just discussed. 367 00:19:42,400 --> 00:19:44,000 Speaker 3: I want to ask you about the idea of a 368 00:19:44,080 --> 00:19:44,640 Speaker 3: drone wall. 369 00:19:44,720 --> 00:19:48,600 Speaker 2: Baltic countries are apparently having this conversation, a system that 370 00:19:48,640 --> 00:19:51,520 Speaker 2: would take down any drones that cross the border. Are 371 00:19:51,560 --> 00:19:57,239 Speaker 2: you involved in those discussions? Could that be made reality? 372 00:19:57,400 --> 00:20:01,000 Speaker 11: Yes, indeed we are talking about that. Indeed we are 373 00:20:01,080 --> 00:20:04,679 Speaker 11: learning a lot from Ukrainian experience. But of course we 374 00:20:04,720 --> 00:20:09,359 Speaker 11: also see that development of technology at this time is 375 00:20:09,440 --> 00:20:12,960 Speaker 11: so quick that actually it's quite challenging to find the 376 00:20:13,080 --> 00:20:17,400 Speaker 11: right approach. But indeed, the Baltic nations or Eastern Flank 377 00:20:17,520 --> 00:20:20,280 Speaker 11: nations are discussing also the drone wall as well as 378 00:20:20,359 --> 00:20:26,760 Speaker 11: actually counter mobility measures against any possible Russian incursion if 379 00:20:27,160 --> 00:20:28,000 Speaker 11: that may happen. 380 00:20:29,680 --> 00:20:32,560 Speaker 2: I'm sure you heard the President's speech earlier. President Trump's 381 00:20:32,560 --> 00:20:36,560 Speaker 2: speech before the United Nations. Mister President, he spoke about 382 00:20:36,600 --> 00:20:39,679 Speaker 2: the potential for secondary sanctions against Russia, but said he 383 00:20:39,680 --> 00:20:42,919 Speaker 2: would only put them in place if European nations stopped 384 00:20:42,960 --> 00:20:44,160 Speaker 2: buying Russian oil. 385 00:20:44,359 --> 00:20:45,439 Speaker 3: What is your reaction to that. 386 00:20:48,880 --> 00:20:53,080 Speaker 11: I'm absolutely supporting that proposal by President Trump. Actually, latterly, 387 00:20:53,160 --> 00:20:56,760 Speaker 11: along other countries that are bordering Russia, have been advocating 388 00:20:56,880 --> 00:21:01,280 Speaker 11: for stopping buying Russian oil and gas since twenty twenty two. 389 00:21:01,359 --> 00:21:05,080 Speaker 11: We actually made that decision when Russians started their full 390 00:21:05,119 --> 00:21:08,720 Speaker 11: scale aggression back in February twenty twenty two. So from 391 00:21:08,720 --> 00:21:11,480 Speaker 11: that point of view, I do believe that President Trump 392 00:21:11,520 --> 00:21:15,560 Speaker 11: is right. I do believe that all European nations must 393 00:21:15,600 --> 00:21:20,000 Speaker 11: stop buying Russian oil and gas, and they must stop 394 00:21:20,359 --> 00:21:23,040 Speaker 11: financing Russian war machines. So from that point of view, 395 00:21:23,520 --> 00:21:27,080 Speaker 11: there is a point in what President Trump said in 396 00:21:27,320 --> 00:21:30,400 Speaker 11: his address to the United Nations General Assembly. 397 00:21:31,480 --> 00:21:35,160 Speaker 2: Well, what are you hearing, President, from your NATO allies 398 00:21:35,200 --> 00:21:37,280 Speaker 2: who are in fact purchasing Russian oil? 399 00:21:37,359 --> 00:21:38,520 Speaker 3: Will they make that commitment? 400 00:21:42,320 --> 00:21:47,440 Speaker 11: I think that if there is a clear position from 401 00:21:47,480 --> 00:21:53,320 Speaker 11: the United States, if other EU nations or NATO European 402 00:21:53,359 --> 00:21:57,600 Speaker 11: allies do stop buying Russian oil and gas and there 403 00:21:57,680 --> 00:22:02,000 Speaker 11: is now alternative. It's essel by the way, Latvia is 404 00:22:02,000 --> 00:22:06,160 Speaker 11: buying currently around seventy five percent of the United States 405 00:22:06,320 --> 00:22:11,920 Speaker 11: liquefied natural gas, then I think that those countries may 406 00:22:12,080 --> 00:22:14,760 Speaker 11: change their mind. And I think that the position of 407 00:22:14,800 --> 00:22:18,920 Speaker 11: the United States in this matter is very relevant. So 408 00:22:19,160 --> 00:22:23,320 Speaker 11: I do hope that all capitals in Europe are hearing 409 00:22:23,640 --> 00:22:27,240 Speaker 11: the statement from the United States at this point. 410 00:22:28,320 --> 00:22:28,960 Speaker 3: Well, there's. 411 00:22:30,240 --> 00:22:33,080 Speaker 2: A story coming out of the Pentagon here in Washington. 412 00:22:33,080 --> 00:22:35,840 Speaker 2: The Department of Defense is pulling back on funding for 413 00:22:35,920 --> 00:22:40,960 Speaker 2: programs on NATO's Eastern flank, including the Baltic Security Initiative, 414 00:22:40,960 --> 00:22:44,040 Speaker 2: which would impact your country. Are you hearing directly from 415 00:22:44,040 --> 00:22:47,280 Speaker 2: the Pentagon on this and can countries like yours make 416 00:22:47,359 --> 00:22:48,120 Speaker 2: up the difference? 417 00:22:50,920 --> 00:22:51,120 Speaker 10: Well? 418 00:22:51,160 --> 00:22:54,639 Speaker 11: We are in discussions with our colleagues in the United 419 00:22:54,680 --> 00:22:59,000 Speaker 11: States Department of War, and at this point I would 420 00:22:59,000 --> 00:23:01,119 Speaker 11: say that we are very good to the United States 421 00:23:01,160 --> 00:23:04,440 Speaker 11: for all the assistants the country has provided to Latvia 422 00:23:04,560 --> 00:23:08,320 Speaker 11: since the establishment of our independence. But we are also 423 00:23:08,520 --> 00:23:11,600 Speaker 11: working with the Congress, and I do hope that we 424 00:23:11,640 --> 00:23:14,760 Speaker 11: are going to find the solution where we are going 425 00:23:14,800 --> 00:23:20,080 Speaker 11: to continue this cooperation. Let me say that actually when 426 00:23:20,119 --> 00:23:24,000 Speaker 11: it comes to the US AID in this regard, then 427 00:23:24,200 --> 00:23:27,359 Speaker 11: we are mostly buying the US equipment and also we 428 00:23:27,440 --> 00:23:31,160 Speaker 11: are then financing that purchase also not only from US 429 00:23:31,240 --> 00:23:34,320 Speaker 11: funds but also Latvian or the multi funds. So this 430 00:23:34,520 --> 00:23:37,240 Speaker 11: is where we are in the process. So I can't 431 00:23:37,640 --> 00:23:40,719 Speaker 11: confirm that the kind of final decision has been made, 432 00:23:41,040 --> 00:23:45,000 Speaker 11: and I do understand the push from the United States 433 00:23:45,040 --> 00:23:48,520 Speaker 11: when it comes to more financing. But let me remind 434 00:23:49,320 --> 00:23:53,200 Speaker 11: the viewers of Bloomberg also that countries like Latvia currently 435 00:23:53,320 --> 00:23:57,399 Speaker 11: spend almost five percent on defense of GDP because we 436 00:23:57,520 --> 00:24:00,199 Speaker 11: understand what capability is we need. And I do that 437 00:24:00,280 --> 00:24:03,440 Speaker 11: also this message is going to be heard in US 438 00:24:03,520 --> 00:24:04,280 Speaker 11: government as. 439 00:24:04,119 --> 00:24:08,560 Speaker 2: Well, spoken like the president of a frontline nation sharing 440 00:24:08,600 --> 00:24:13,199 Speaker 2: a border with Russia. Certainly, I'm curious, mister President, what 441 00:24:13,280 --> 00:24:16,879 Speaker 2: your thought was on the message today from President Trump. 442 00:24:17,080 --> 00:24:20,080 Speaker 2: He spoke to the room, he said your countries are 443 00:24:20,119 --> 00:24:24,240 Speaker 2: going to hell? Was that the message that you needed 444 00:24:24,240 --> 00:24:26,400 Speaker 2: to hear today? 445 00:24:28,240 --> 00:24:31,760 Speaker 11: I think that the United Nations is a great place 446 00:24:31,840 --> 00:24:37,280 Speaker 11: where different opinions, different views are being expressed, and I 447 00:24:37,320 --> 00:24:43,800 Speaker 11: think that sometimes, frankly, I'm attending those UNGA meetings in 448 00:24:43,920 --> 00:24:47,040 Speaker 11: different capacities as the foreign minister before I became president 449 00:24:47,520 --> 00:24:52,160 Speaker 11: since two thousand and nine, and sometimes you will probably 450 00:24:52,200 --> 00:24:56,120 Speaker 11: need to get kind of very strong language to wake up. 451 00:24:56,240 --> 00:24:59,800 Speaker 11: But definitely, I hope that we are going to find 452 00:25:00,680 --> 00:25:03,720 Speaker 11: common language with everyone in the room when it comes 453 00:25:03,720 --> 00:25:06,800 Speaker 11: to the critical issues of the global development, be it 454 00:25:06,800 --> 00:25:10,520 Speaker 11: climate change or be it other issues. However, I think 455 00:25:10,560 --> 00:25:14,680 Speaker 11: also that one thing that is currently an issue here 456 00:25:14,720 --> 00:25:18,920 Speaker 11: with the United States is that this organization needs reform. 457 00:25:19,280 --> 00:25:22,520 Speaker 11: Beat you and Security Council, we see that when it 458 00:25:22,520 --> 00:25:25,560 Speaker 11: comes to the war in Ukraine or it just to 459 00:25:25,560 --> 00:25:28,919 Speaker 11: be Syria a couple of years ago, this organization was 460 00:25:28,960 --> 00:25:33,080 Speaker 11: not capable to deal with challenges that actually it was 461 00:25:33,119 --> 00:25:33,639 Speaker 11: created for. 462 00:25:36,400 --> 00:25:41,080 Speaker 2: That's a very diplomatic answer, mister President. President Trump referred 463 00:25:41,119 --> 00:25:45,000 Speaker 2: to many countries on a brianfor instruction. Well, that's true 464 00:25:45,320 --> 00:25:48,320 Speaker 2: due to their use of green energy. Does he have 465 00:25:48,400 --> 00:25:50,040 Speaker 2: the wrong or the right idea there? 466 00:25:53,800 --> 00:25:57,600 Speaker 11: I think that this discussion about climate change and what 467 00:25:57,640 --> 00:26:01,720 Speaker 11: should we do is now developing, and you know, from 468 00:26:01,800 --> 00:26:05,400 Speaker 11: time to time we get into extremes. Sometimes we get 469 00:26:05,400 --> 00:26:08,359 Speaker 11: into extreme that we are all going to die immediately, 470 00:26:08,400 --> 00:26:12,960 Speaker 11: and then we do some policies that handsight seem to 471 00:26:12,960 --> 00:26:17,840 Speaker 11: be not so clever, and then we probably change the tone. 472 00:26:18,440 --> 00:26:21,480 Speaker 11: In my own country, we have now that debate as well, 473 00:26:21,880 --> 00:26:25,400 Speaker 11: what should we do and are we exaggerating? So from 474 00:26:25,440 --> 00:26:27,960 Speaker 11: that point of view, I think that the climate change 475 00:26:27,960 --> 00:26:31,680 Speaker 11: is real. The issue is how you deal with that, 476 00:26:31,800 --> 00:26:34,919 Speaker 11: whether those policies we are agreeing are the right ones, 477 00:26:35,280 --> 00:26:40,000 Speaker 11: whether windmills are the right answer. Back home, we have 478 00:26:40,040 --> 00:26:43,280 Speaker 11: the same debate. I would actually be happy to continue 479 00:26:43,320 --> 00:26:46,399 Speaker 11: that discussion and probably in this kind of clash of 480 00:26:46,480 --> 00:26:49,000 Speaker 11: opinions we can probably find the right policy as well. 481 00:26:50,119 --> 00:26:51,080 Speaker 3: Yeah. Interesting. 482 00:26:51,320 --> 00:26:54,240 Speaker 2: Before you leave us, mister president and get back to 483 00:26:54,280 --> 00:26:56,399 Speaker 2: your meetings at the UN, I want to get back 484 00:26:56,480 --> 00:26:59,359 Speaker 2: to where we started, and that is the illuming threat 485 00:26:59,400 --> 00:27:02,760 Speaker 2: from Russia and specifically from Vladimir Putin. What is the 486 00:27:02,800 --> 00:27:06,520 Speaker 2: message from your country, from you to Vladimir Putin as 487 00:27:06,520 --> 00:27:10,520 Speaker 2: he considers pushing the line, as we've been referring to 488 00:27:10,560 --> 00:27:13,640 Speaker 2: it in countries like Latvia, if he decides to fly 489 00:27:14,320 --> 00:27:19,080 Speaker 2: into your airspace, if he sends drones or aircraft, what 490 00:27:19,119 --> 00:27:21,240 Speaker 2: would be your warning ahead of that decision? 491 00:27:23,720 --> 00:27:27,840 Speaker 11: My warning would we learned from history because pushing the envelope, 492 00:27:28,200 --> 00:27:31,199 Speaker 11: crossing the line at one point means that you are 493 00:27:31,240 --> 00:27:33,840 Speaker 11: losing everything. And I think that the message that we 494 00:27:33,920 --> 00:27:37,320 Speaker 11: are hearing from NATO allies, from President Trump, from President Dagan, 495 00:27:37,960 --> 00:27:41,840 Speaker 11: from other leaders of the alliance are very very clear messages. 496 00:27:41,920 --> 00:27:44,400 Speaker 11: So don't even try. 497 00:27:47,160 --> 00:27:50,159 Speaker 2: President Edgars Rinkovic, the President of Latvia, with us live 498 00:27:50,200 --> 00:27:53,159 Speaker 2: from the United Nations the General Assembly underway now in 499 00:27:53,160 --> 00:27:55,159 Speaker 2: New York. Mister President, thank you for the insights and 500 00:27:55,160 --> 00:27:56,720 Speaker 2: for spending time with us today on Bloomberg. 501 00:27:56,920 --> 00:27:59,320 Speaker 3: Thanks for listening to the Balance of Power podcast. 502 00:28:00,040 --> 00:28:03,080 Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify, 503 00:28:03,160 --> 00:28:05,760 Speaker 2: or wherever you get your podcasts, and you can find 504 00:28:05,800 --> 00:28:09,040 Speaker 2: us live every weekday from Washington, DC at noontime Eastern 505 00:28:09,359 --> 00:28:10,879 Speaker 2: at Bloomberg dot com.