Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Howard Lutnik on Place to Say The Common Secretary Howard
Speaker 2: Latinik joined US Now from Washington Day Say, mister secretary,
Speaker 2: welcome back to the program. So always appreciate your time.
Speaker 2: If we could just take a step back and set
Speaker 2: the table, what are the stakes for today's matting between
Speaker 2: you and Canight and officials.
Speaker 1: Well, I think the stakes today if you take a
Speaker 1: look at.
Speaker 3: It from the big picture, is the United States said
Speaker 3: we need to have steel and aluminum domestically in America
Speaker 3: in national security. You need medals to make bullets, you
Speaker 3: need metals to make munitions, you need metals to make everything.
Speaker 3: And Donald Trump is very focused on let's make sure
Speaker 3: the key ingredients that are necessary to defend America are
Speaker 3: made here in America. And these other countries they just
Speaker 3: don't pay attention. I mean, how many times do I
Speaker 3: have to say national security isn't important? And if you do,
Speaker 3: like the EU, and you respond by putting a terrify
Speaker 3: on Kentucky bourbon, which used to piss off Mitch McConnell,
Speaker 3: which doesn't really matter anymore, you gotta wonder, really.
Speaker 1: Really do I have to deal with this stuff. But
Speaker 1: alas we.
Speaker 2: Do, miss the secretary, let's get to Europe in a moment.
Speaker 2: Let's just stay on Canada and then will work our
Speaker 2: way to the EU if we can. For the Canadians,
Speaker 2: as you know, they've put tariffs on around twenty one
Speaker 2: billion dollars of US goods. Well, that changed your approach
Speaker 2: to today's mating.
Speaker 3: Well, I mean take a look at that again. Let's
Speaker 3: take a step back. National security. We put a tariffon
Speaker 3: stealing aluminum to make sure the dumping countries of the
Speaker 3: world stop and we can build up our stealing aluminum
Speaker 3: in America. And what does Canada do They put a
Speaker 3: tarifon sports equipment. I mean, really, this is just its
Speaker 3: tone death. Listen to the president national security matters. When
Speaker 3: he calls out things like semiconductors, he calls out pharmaceuticals,
Speaker 3: he calls out autos. These are things that matter to
Speaker 3: us as a country. And if you're going to respond
Speaker 3: to us with sports equipment, you're just not listening to
Speaker 3: President Trump.
Speaker 1: Savatary Lnik.
Speaker 4: How much are the conversations today actually about bringing up
Speaker 4: the negotiations when it comes to USMCA.
Speaker 3: Well, USMCA, we set aside USMCA. So the United States
Speaker 3: made a deal with both Mexico and Canada that said,
Speaker 3: if you have enough US content in certain products or
Speaker 3: it's actually made domestically, they can trade between our countries
Speaker 3: tax free.
Speaker 1: That remains intact.
Speaker 3: What is outside of that is both things that don't
Speaker 3: have that American content that are imported from other countries.
Speaker 1: So that has a tarrify on it.
Speaker 3: And now the President has said, look, there are certain
Speaker 3: topics I need to have us make in America, and
Speaker 3: steal aluminum is key.
Speaker 1: I mean, we all understand that.
Speaker 3: So why not allow the greatest country in the world
Speaker 3: who completely feeds Canada. Canada exists completely feeds off of
Speaker 3: the amazing economy of the United States of America. Let
Speaker 3: us build up our steel and aluminum so that we
Speaker 3: can protect ourselves.
Speaker 1: And by the way, we.
Speaker 3: Protect Canada, I think Canada's got sixty planes. Oh yeah,
Speaker 3: they're really gonna protect themselves. They're really They're the lowest
Speaker 3: investor in NATO. They totally rely on us, and yet
Speaker 3: they think they need to respond to stealing aluminum tariffs.
Speaker 3: I mean, everybody is so used to picking off America,
Speaker 3: so used to it.
Speaker 1: If they can't even stop.
Speaker 3: Donald Trump is here to say, we need to be
Speaker 3: treated fairly, and we need to be treated fairly.
Speaker 2: Now do you think this approach, if you articulate this
Speaker 2: to the Canadians today, will help bring down the temperature?
Speaker 1: I do.
Speaker 3: I think once you actually breathe and think steal and aluminum.
Speaker 3: American needs steal in aluminum. I mean, if you respond
Speaker 3: like the British didn't respond, the Mexicans didn't respond, you
Speaker 3: have some countries that actually thoughtfully examine how they do
Speaker 3: business with us. And then you have people like the
Speaker 3: Canadians who are in elections, so you have no idea.
Speaker 3: You think it's about a trade war. This is their
Speaker 3: way of getting election votes. And the EU, you know,
Speaker 3: the EU is just so many years treated us so harshly.
Speaker 3: They just can't stop. Look, their tariffs are way up
Speaker 3: here and our tariffs are down here. How about relax.
Speaker 3: Let us balance it. We are your largest most important
Speaker 3: trading partner. Treat us with respect, and let's get a
Speaker 3: little balance. And Donald Trump is out there saying balance, balance, Balance.
Speaker 3: April second, he's going to describe his balance. We're going
Speaker 3: to do it together. We're going to describe our trading policy.
Speaker 3: We're going to describe our balance. But remember semiconductors we
Speaker 3: need to have him in America, Pharmaceuticals we need to
Speaker 3: have in America. Cars we need to have in America.
Speaker 3: And steal in aluminum come on America. Oh and lumber
Speaker 3: as well.
Speaker 2: And want of champagne.
Speaker 1: Things for our national security.
Speaker 2: And the one of champagne.
Speaker 1: So don't forget the why champagne this?
Speaker 3: Come on, that's just that, you know, if you make
Speaker 3: him unhappy, he responds unhappy. But come on, let's get
Speaker 3: back to the core basics here, which is a trading
Speaker 3: policy that says America has allowed the world to lean
Speaker 3: on us, to take from us, to grow off of us,
Speaker 3: and now it's time for a little balance. We've got
Speaker 3: a two trillion dollar budget deficit. We want to bring
Speaker 3: certain jobs home. Let the President do the right thing
Speaker 3: for America.
Speaker 1: He will respond after.
Speaker 3: We're done organizing things to make sure the world grows.
Speaker 3: But today, just remember he's the president of the United
Speaker 3: States of America. He's not the president of the world.
Speaker 3: He's going to take care of American workers, and it.
Speaker 2: Is time, missed the secretary. I just want to make
Speaker 2: sure that the audience is in on our little joke
Speaker 2: there because they might have missed the post forb the
Speaker 2: President a couple of minutes ago. So I'm going to
Speaker 2: share it with them and then come back to you
Speaker 2: in just a second. So the President of the United
Speaker 2: States put this out on truth social moments ago, said
Speaker 2: the European Union, one of the most hostile and abusive
Speaker 2: taxing and tariffing authorities in the world, which has formed
Speaker 2: for the sole purpose of taking advantage of the United States,
Speaker 2: has just put a nasty fifty percent tariff on whiskey.
Speaker 2: If this tariff is not removed immediately, the United States
Speaker 2: will shortly place a two hundred percent tariff on all wines, champagnes,
Speaker 2: and alcoholic products coming out of France and other EU
Speaker 2: represented countries. So, missus Secretary, just to bring you in,
Speaker 2: I imagine you are aware of what the President said
Speaker 2: based on our conversation just now. Have you given the
Speaker 2: Europeans a warning on this? Have you're given them a
Speaker 2: time limit to back away? You've taken the same approach
Speaker 2: you did with the Canadians just a few days ago.
Speaker 3: Well, I think the President has made it crystal clear
Speaker 3: that he finds this tit for tat really abusive and aggravating. Right,
Speaker 3: His objective is steel and aluminum tariffs. Let him build
Speaker 3: his steel and aluminum business in America because that's important.
Speaker 3: And then you know, they say, okay, we're going to
Speaker 3: tax whiskey. And look, I find all this back and
Speaker 3: forth really off the topic. The key topic is rebalancing
Speaker 3: American trade. We're going to spend lots of time together,
Speaker 3: you know. But the President was totally annoyed that the
Speaker 3: Europeans did this. And so you go in a year
Speaker 3: back from someone who emotionally cares about America. He cares
Speaker 3: about America and he wants to take care of Americans.
Speaker 3: And why are Europeans picking on Kentucky bourbons Harley Davidson motorcycles.
Speaker 3: You're saying this is an emotional respect it's disrespectful.
Speaker 1: Are responsible?
Speaker 4: We see, well, we see two hundreds and wine, champagne
Speaker 4: and alcoholic products before April second, when the President says
Speaker 4: it's the big one and we're going to get the
Speaker 4: reciprocal rollout.
Speaker 3: Well, the joy of my job is that Donald Trump
Speaker 3: makes the decisions right and the people around him.
Speaker 1: We talk to him and we advise him.
Speaker 3: April second is when we do reciprocal tariffs, and he
Speaker 3: just he's called out these products. He wants these countries
Speaker 3: to respect him. And all of this showed you is
Speaker 3: that Europe and Canada do not respect Donald Trump and
Speaker 3: do not respect America's ability to build it steel an
Speaker 3: aluminum industry.
Speaker 1: Which is vital for national security.
Speaker 3: Whereas you watched Mexico and you watch the UK, be
Speaker 3: pragmatic and thoughtful and the way we're going to deal
Speaker 3: with them is going to be better. So these are
Speaker 3: just black and white things. Why would you put against
Speaker 3: steal an aluminum when you say Harley Davidson motorcycles and
Speaker 3: Kentucky bourbon.
Speaker 1: It's just illogical.
Speaker 3: I think the President is saying, look, I am going
Speaker 3: to respond bigger and always stronger. We will talk together,
Speaker 3: you know, he wrote that tweet this morning.
Speaker 1: We will talk together. If that's what he wants to do,
Speaker 1: we will do that.
Speaker 3: But the answer is, April second, a thoughtful approach to
Speaker 3: reciprocity and national security of those products he's called out.
Speaker 3: We're going to increase our domestic production of those and
Speaker 3: have a reciprocal model, and hopefully when I talk to
Speaker 3: the Europeans, they'll realize that they should.
Speaker 1: Take these things down.
Speaker 3: Cool these things out, let's properly negotiate.
Speaker 4: Do you have plans to speak to your European counterparts today?
Speaker 4: Of course, like who are you speaking to, say, Ursula
Speaker 4: Underlin or potentially some heads of companies like Bernardo who
Speaker 4: was also at the president's inauguration.
Speaker 3: Generally as the Commerce secretary, I speak to the trade ministers.
Speaker 1: That's totally out cost a.
Speaker 4: Lot of companies also, And I know executives have been
Speaker 4: calling you, Sarah, not correct. They're looking for exemptions. Exemptions
Speaker 4: carve outs falls squarely in the Commerce Department.
Speaker 1: So let's talk about exemptions for a moment.
Speaker 3: Steel and aluminum tariffs went in in twenty eighteen, and
Speaker 3: when we came back into power, the Biden administration had
Speaker 3: granted four hundred and ninety thousand exemptions imagine four hundred
Speaker 3: and ninety thousand exemptions to steal in illuminum tariffs. I mean,
Speaker 3: I don't know that our department could actually collate forture
Speaker 3: ninety thousand Christmas cards, let alone four hundred and ninety
Speaker 3: thousand steal an illuminum tariffs.
Speaker 1: I mean, come on, it's ridiculous.
Speaker 3: So yesterday what we did is we just got rid
Speaker 3: of all the exemptions.
Speaker 1: That's all we did. The stealing illuminum tariffs were already on.
Speaker 3: We just said, look, let's just build back our steal
Speaker 3: an aluminum industry in America to protect America.
Speaker 1: It's so logical, it's so important.
Speaker 3: Yeah, and then all we get you get some countries
Speaker 3: who understand, in some countries who just go right back
Speaker 3: to old school, and you know, the President's going to
Speaker 3: deal with them with strength and with power, and he's
Speaker 3: remembered that they like to respond with a just go
Speaker 3: after their wine, and maybe they'll pay attention and listen.
Speaker 3: The fact is April second, we're going to go April second,
Speaker 3: we're going to go with reciprocity, thoughtful global process.
Speaker 5: The Secretary, it's going to take a while to actually
Speaker 5: get those tariffs in place after all of the appeals process, etc.
Speaker 5: After April second. And in the meantime, as all of
Speaker 5: these discussions around tariffs continue, a lot of businesses are
Speaker 5: just halting investments. You're seeing consumer sentiment decline, you're seeing
Speaker 5: their spending activity decrease. Can you give them a sense
Speaker 5: of when they'll have certainty?
Speaker 3: The opposite actually is coming true. You saw Apple five
Speaker 3: hundred billion dollars. You saw a SoftBank two hundred billion dollars.
Speaker 3: Eli Lilly forty billion dollars. A media company today who
Speaker 3: sent me notes saying they want to invest sixty five
Speaker 3: billion in America. The scale by which American companies are
Speaker 3: committed to invest in America and Global.
Speaker 5: Company Secretary jan when I'm talking about hue let me
Speaker 5: explain to you what I'm.
Speaker 3: Taching investments and those are coming well, let me finish,
Speaker 3: these are huge investments coming to America, over one point
Speaker 3: seven trillion committed and in Donald Trump's first fifty days.
Speaker 3: Anyone who thinks people are uncertain doesn't understand what Donald
Speaker 3: Trump is saying. He's saying, bring your production to America
Speaker 3: and you will.
Speaker 1: Avoid all the tariffs.
Speaker 3: Come build in the greatest economy in the world, and
Speaker 3: you will avoid tariffs.
Speaker 5: That's maybe long term, but what we're seeing in the
Speaker 5: short term is that small business confidence has fall into
Speaker 5: a four month low. They say a high degree of
Speaker 5: uncertainty about what the regime is going to look like.
Speaker 5: They talk about likelihood increasing likelihood of having to increase
Speaker 5: prices in response to the tariffs. You're seeing this with
Speaker 5: respect to airplane tickets that are falling off a cliff
Speaker 5: as of February. I'm just wondering, and when you take
Speaker 5: a look at these types of indicators, at what point
Speaker 5: does it become concerning to you.
Speaker 3: The greatest deal maker who's ever lived is sitting behind
Speaker 3: the desk in.
Speaker 1: The Oval Office.
Speaker 3: He understands that the best way to get our farmers,
Speaker 3: our ranchers, and our fishermen's produce and products in the
Speaker 3: rest of the world, which they block it. I mean,
Speaker 3: India blocks our farmers. All these countries block our farmers.
Speaker 3: The way to grow it is to make deals with
Speaker 3: them where they have to understand the power of the
Speaker 3: US economy is that you need to take our products.
Speaker 3: We want to unleash American ingenuity and the capacity to
Speaker 3: export and when other countries put giant, giant tariffs on
Speaker 3: our products. Let's be clear, you can't go to Europe
Speaker 3: and see an American car. You can't go to Korea
Speaker 3: and see an American car. You can't go to jip
Speaker 3: and see an American car. But you sure see their
Speaker 3: cars here. So the concept of Donald Trump saying, hang
Speaker 3: on a minute, you've got to be kidding.
Speaker 1: We need to unleash.
Speaker 3: The American economy, and if we've got to teach the
Speaker 3: rest of the world to treat us with respect, that
Speaker 3: they have beaten on us, and they have abused us,
Speaker 3: and their tariffs are so so high that they've got
Speaker 3: to actually treat us with respect. Bring down their tariffs
Speaker 3: so that it's reciprocal. Remember, they will never live with
Speaker 3: us having the tariffs as high as they have them.
Speaker 3: So what they're going to do is they're going to
Speaker 3: bring them down. Let Donald Trump run this economy. He
Speaker 3: knows what he's doing better than any president who's ever sat.
Speaker 1: At that desk. Let him do his job.
Speaker 3: There's going to be a lot of talking, but in
Speaker 3: the end, there's going to be the greatest growth economy
Speaker 3: America's ever seen. We are going to export and people
Speaker 3: who are going to build in America. Those two things
Speaker 3: are going to happen. And they're going to happen because
Speaker 3: Donald Trump's going to create fair trade. Start saying the
Speaker 3: word fair trade, because right now trade in America.
Speaker 1: Go look at the numbers.
Speaker 3: Un fair Europe huge, India huge, right, China the highest.
Speaker 1: There's no inflation in these countries.
Speaker 3: What there is is blocking Americans from doing business there,
Speaker 3: and Donald Trump is going to break down those walls.
Speaker 2: Let's talk about China. So we heard from a foreign
Speaker 2: ministry official in China who said this that Beijing has
Speaker 2: done the United States a favor and Washington should have
Speaker 2: said a big thank you for all they've done to
Speaker 2: control drugs. And I imagine they're alluding to fence and
Speaker 2: all directly, mister Secretary. I just wonder if the President
Speaker 2: has seen those comments in the last twenty four hours
Speaker 2: and what its response is to them.
Speaker 3: The President, as we have said on April twod, is
Speaker 3: going to take a holistic approach to everything. March has
Speaker 3: been the month to reduce the r the border and
Speaker 3: fentanyl deaths in America. And I hope to god China's
Speaker 3: reducing the production of the fentanyl ingredients that kill seventy
Speaker 3: five thousand or top seed Americans, and as the President
Speaker 3: rightly knows, that number is way way more.
Speaker 1: We need them.
Speaker 3: We need China to stop making the ingredients, and we
Speaker 3: need Mexico and Canada to stop shipping them into our country.
Speaker 1: That is March. March is very, very focused on that.
Speaker 3: Hopefully they'll get down and we'll have a good a
Speaker 3: good reduced border Obviously that's so far, so good, but
Speaker 3: we need to reduce those fentanyl deaths. And then come April,
Speaker 3: you're going to see us start to focus on lowering
Speaker 3: tariff away and increasing tariffs at home, so.
Speaker 1: At least we get a little ballance.
Speaker 3: If they want to lower them reciprocal tariffs mean take
Speaker 3: them down and we'll take We'll keep ours.
Speaker 2: Have they given any indication they wanted to do that
Speaker 2: ramping up tariffs over the last month on China? Have
Speaker 2: they given any indication they're prepared to do that just
Speaker 2: to stress test this theory because taras's been ramping up
Speaker 2: China over the last ten years. Now, any indication they're
Speaker 2: willing to actually step back and do what you're asking
Speaker 2: them to do.
Speaker 1: You know, China is always a separate thinking.
Speaker 3: You know, the Chinese Communist Party thinks about things in
Speaker 3: a much much different way than everybody else. And I
Speaker 3: don't know how they're going to deal with bringing these
Speaker 3: things down. I would like them to bring it down.
Speaker 3: They have a huge market, but remember we consume more
Speaker 3: than two times what they consume. They have a big economy,
Speaker 3: but they're a production economy.
Speaker 1: They sell to us. They need to sell to us.
Speaker 3: We are the greatest consuming economy in the world. We
Speaker 3: are the customer that everybody in the world needs.
Speaker 1: Now, they put huge tariffs in because they're.
Speaker 3: Trying to build up their consumer production domestically, and that's
Speaker 3: where they stand. So you don't hear all of you
Speaker 3: talking about how horrible China is and all the inflation
Speaker 3: in China and all this sort of stuff.
Speaker 1: It's just not true.
Speaker 3: The fact is America is going to build up its
Speaker 3: industries here, drive down tariffs there. I don't know what
Speaker 3: China will do, but my expectation is the whole world
Speaker 3: who trades with US will bring down their tariffs and
Speaker 3: allow our farmers, ranchers, and seamen, allow our production, allow
Speaker 3: our car manufacturers to export more and grow. We are
Speaker 3: looking for fair trade trade.
Speaker 1: Let's say it over and over again. We got it.
Speaker 4: I think it could maybe be a bumper sticker for you.
Speaker 4: There are reports this week that potentially underway our plans
Speaker 4: for Shijing Ping to meet with Donald Trump. Are we
Speaker 4: expecting a meeting between these leaders either in the spring
Speaker 4: or early summer.
Speaker 3: I mean, look, the President runs his agenda, but from
Speaker 3: my perspective, when strong leaders meet each other that is
Speaker 3: useful and effective for the world. But Donald Trump will
Speaker 3: make those decisions himself. I am focused on reciprocal tariffs.
Speaker 3: On April second, I am not in the agenda of
Speaker 3: who President Trump decides he wants to.
Speaker 5: Meet Secretary Lutnak or just two minutes away from the
Speaker 5: latest indicator from the United States, which is PPI data
Speaker 5: and inflation read and initial jobless claims. You've talked about
Speaker 5: how the data that we are getting right now is
Speaker 5: Biden data. At what point does it become Trump data.
Speaker 3: I'd say we fully wear the fourth quarter, and we
Speaker 3: may well wear much of the.
Speaker 1: Third quarter, But for fourth quarter, for sure.
Speaker 3: You know, the American economy, right, a twenty nine trillion
Speaker 3: dollar economy. You can't take office on Monday and have
Speaker 3: the news media say, oh, look what you did on Tuesday.
Speaker 1: I mean, come on, that's so silly.
Speaker 3: So the real way the world works is, for sure,
Speaker 3: the fourth quarter is Donald Trump's quarter, and the third
Speaker 3: quarter it starts his policies start to really embed in America.
Speaker 1: So that's the right way to look at it.
Speaker 3: First and second quarter are Biden's sort of left behind difficulty,
Speaker 3: and then you see Donald Trump dig us out, build
Speaker 3: US up and buy. The fourth quarter, you're going to
Speaker 3: see growth rates because you got all these companies committing
Speaker 3: to build in America, get their shovels in the ground
Speaker 3: because we get regulations out of the way.
Speaker 1: Start to produce those jobs, start to bring back trade craft.
Speaker 3: You know, electricians who build giant factories, HVAC specialists who
Speaker 3: cool those, and then mechanics who fix robots. You've got
Speaker 3: trade craft coming back to America. It's going to be amazing.
Speaker 3: We're going to have the greatest training program ever because
Speaker 3: we need to train our great workers for the revolution
Speaker 3: and the tech revolution that is coming that Donald Trump
Speaker 3: is bringing to construction and development in America. And we
Speaker 3: need to train our people and they're going to have great,
Speaker 3: great jobs.
Speaker 5: So going forward, do you just look through all of
Speaker 5: this weakness You've talked about how and we've heard a
Speaker 5: sort of detox period, et cetera. Do you look past
Speaker 5: all the data in the first and the second quarters
Speaker 5: is simply backward looking and look forward to what deals
Speaker 5: are getting done.
Speaker 1: My job is to look forward to what deals are
Speaker 1: getting done.
Speaker 3: I'm going to bring in because Donald Trump has created
Speaker 3: the policies for me to bring in enormous investment to
Speaker 3: the country. One point seven trillions so far committed, and
Speaker 3: we're going to put out a website and literally show
Speaker 3: these companies construction and manufacturing in America quarter by quarter.
Speaker 1: To show this kind of growth.
Speaker 3: Remember, each trillion of this kind of committed construction is
Speaker 3: worth one point of GDP, so a two trillion, which
Speaker 3: we definitely will have for sure, that's a half a
Speaker 3: point of GDP for all four of his years. So
Speaker 3: as that grows, you're going to see that growth come
Speaker 3: into our GDP numbers. Obviously, not today someone says I'm
Speaker 3: going to build sixty five billion in America. When can
Speaker 3: they get In the past, it would take a year
Speaker 3: and a half to get the permits to build.
Speaker 1: Under Donald Trump, it's going to take less than six months.
Speaker 3: They're going to be in the ground this year, and
Speaker 3: the fourth quarter you're going to see this power. So yes,
Speaker 3: So I have to say, the first quarter surely Biden,
Speaker 3: the second quarter is Biden. But starting the third quarter
Speaker 3: you start to feel some Donald Trump, and the fourth
Speaker 3: quarter you will feel the power of Donald Trump's economy Secretary.
Speaker 4: I'm sure you've seen this report in political it says
Speaker 4: that White House officials, Trump outside allies are quote growing
Speaker 4: increasingly frustrated with you, sir, privately planning.
Speaker 1: About the the fake news.
Speaker 4: Please go, I want to give to respond to this.
Speaker 1: It's the fake news. I don't want. I don't want
Speaker 1: to respond when you read fake news. Okay. I spoke
Speaker 1: to the President last night.
Speaker 3: He said, why do these people write this fake news?
Speaker 3: It's just nonsense. Imagine Jameson Greer, who's our USTR, who
Speaker 3: works with me, and obviously if you remember when when
Speaker 3: the President nominated me, he nominated me to say go
Speaker 3: select the USTR, and we're closely with him. Anybody who
Speaker 3: says this kind of stuff, these articles talk about the
Speaker 3: Council of Economic Advisors, they're not even populated yet. The
Speaker 3: nonsense that we have to read while people just are
Speaker 3: trying to be troublemakers where it's entirely fake news. I
Speaker 3: don't need to respond. Okay, I really don't need to respond.
Speaker 3: I speak to the President all the time. Our economic
Speaker 3: team is one, we are together as one.
Speaker 1: We get along incredibly well. We speak to each other all.
Speaker 3: The time, including yesterday for an enormous amount of time.
Speaker 3: Every day today again it's gotta stop. I mean, look,
Speaker 3: these these lousy, you know, media outlet. They try to
Speaker 3: create something so that you'll talk about and think about it.
Speaker 1: They got you to talk about them. I don't even
Speaker 1: want to say their name.
Speaker 3: They don't deserve to be read because it's nonsense.
Speaker 2: Out of respect for you said, we just wanted to
Speaker 2: give you the opportunity to respond in your own way.
Speaker 2: I think you have. Missus Secretary, thanks for being gracious
Speaker 2: with your time. You've been very generous.