WEBVTT - Mike Pence Talks Trump Tariffs, Powell, Israel, Ukraine

0:00:02.520 --> 0:00:07.040
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:07.840 --> 0:00:10.559
<v Speaker 2>The former US Vice President Mike Pence taking a critical

0:00:10.600 --> 0:00:13.399
<v Speaker 2>stance on President Trump's tariffs, writing in a Wall Street

0:00:13.440 --> 0:00:15.560
<v Speaker 2>Journal op ed in the past few months that since

0:00:15.600 --> 0:00:18.760
<v Speaker 2>the President announced his Liberation Day tariffs, the only thing

0:00:18.880 --> 0:00:23.480
<v Speaker 2>America has been limerated from is trillions of dollars in investments,

0:00:23.560 --> 0:00:25.640
<v Speaker 2>and pleased to say, the forty eighth Vice President of

0:00:25.680 --> 0:00:28.120
<v Speaker 2>the United States, Mike Pence, joined us Now for more.

0:00:28.200 --> 0:00:29.320
<v Speaker 2>It's the Vice president of Mornick.

0:00:29.680 --> 0:00:31.040
<v Speaker 3>Good morning, Thanks for having me on.

0:00:31.040 --> 0:00:32.280
<v Speaker 2>Thank you for being here. I want to pick up

0:00:32.320 --> 0:00:34.239
<v Speaker 2>on a question I know you've been exploring. What can

0:00:34.320 --> 0:00:37.800
<v Speaker 2>forty seven learn from forty five. Let's start there and

0:00:37.880 --> 0:00:38.839
<v Speaker 2>talk about trade.

0:00:39.280 --> 0:00:39.600
<v Speaker 3>Well.

0:00:40.120 --> 0:00:42.440
<v Speaker 4>Well, first off, I want to give President Trump all

0:00:42.440 --> 0:00:45.639
<v Speaker 4>the credit in the world for a historic political comeback.

0:00:46.880 --> 0:00:50.479
<v Speaker 4>But in that Republican primary I was traveling as a

0:00:50.520 --> 0:00:55.200
<v Speaker 4>candidate in twenty twenty three, I mostly heard people saying,

0:00:55.240 --> 0:00:57.120
<v Speaker 4>we want to get back in the midst of the

0:00:57.160 --> 0:01:00.360
<v Speaker 4>failed economic policies of the Biden administration. We want to

0:01:00.400 --> 0:01:04.240
<v Speaker 4>get back to what the Trump pens administration was advancing.

0:01:04.760 --> 0:01:07.000
<v Speaker 4>And so in the Wall Street Journal, I gave the

0:01:07.040 --> 0:01:10.959
<v Speaker 4>president great credit high marks for securing the border, for

0:01:11.240 --> 0:01:14.399
<v Speaker 4>restoring morale and recruitment in our military, for taking the

0:01:14.400 --> 0:01:18.039
<v Speaker 4>fight to the Hoho Thies. Since then, we'll talk more later.

0:01:18.120 --> 0:01:21.720
<v Speaker 4>I'm very encouraged about the strong stand that the President

0:01:21.840 --> 0:01:25.400
<v Speaker 4>is taking on the world stage, particularly in the Middle.

0:01:25.160 --> 0:01:26.480
<v Speaker 3>East and in Eastern Europe.

0:01:27.440 --> 0:01:29.320
<v Speaker 4>But what I wanted to call attention to was the

0:01:29.640 --> 0:01:36.319
<v Speaker 4>policy toward tariffs was changed with Liberation Day. During our administration,

0:01:36.560 --> 0:01:41.520
<v Speaker 4>we used tariffs in the threat of tariffs principally focused

0:01:41.560 --> 0:01:47.600
<v Speaker 4>on China to leverage changes in behavior, but the objective

0:01:47.840 --> 0:01:52.800
<v Speaker 4>was to essentially lower trade barriers and expand trade. In

0:01:52.840 --> 0:01:55.600
<v Speaker 4>this administration, I think what we saw several months ago,

0:01:55.680 --> 0:01:59.360
<v Speaker 4>now it's paused again happily, is the kind of broad

0:01:59.440 --> 0:02:04.160
<v Speaker 4>based industrial policy that I think ultimately will harm the

0:02:04.160 --> 0:02:09.280
<v Speaker 4>American economy, will harm American consumers, and so we've spoken

0:02:09.320 --> 0:02:12.240
<v Speaker 4>out against it. We've tried to take a stand what

0:02:12.320 --> 0:02:15.079
<v Speaker 4>I like to say, free trade with free nations.

0:02:15.360 --> 0:02:17.600
<v Speaker 3>Be tough on China, be tough on.

0:02:17.600 --> 0:02:22.560
<v Speaker 4>Trade abusers, but have the objective of ultimately lowering trade barriers,

0:02:22.840 --> 0:02:26.960
<v Speaker 4>and that's how America wins and prospers. That's how we

0:02:27.000 --> 0:02:28.040
<v Speaker 4>wonder in our first term.

0:02:28.120 --> 0:02:31.560
<v Speaker 2>You've identified that change. What's your understanding of what's behind it,

0:02:31.680 --> 0:02:32.840
<v Speaker 2>what's let that change?

0:02:33.600 --> 0:02:42.720
<v Speaker 4>Well, I think that what's changed is that I think

0:02:42.760 --> 0:02:45.920
<v Speaker 4>the President feels at least I perceive it. You know,

0:02:45.960 --> 0:02:48.800
<v Speaker 4>sometimes I tell people that I know President Trump better

0:02:48.800 --> 0:02:52.480
<v Speaker 4>than his most ardent defenders. We served together for four

0:02:52.520 --> 0:02:55.280
<v Speaker 4>and a half years. We had a close working relationship,

0:02:55.840 --> 0:02:59.360
<v Speaker 4>and I've said many times President Trump is not an isolationist.

0:03:00.560 --> 0:03:05.000
<v Speaker 4>He is someone deeply committed to free market capitalism. But

0:03:05.200 --> 0:03:08.480
<v Speaker 4>for all of his career he has been very sympathetic

0:03:08.520 --> 0:03:12.800
<v Speaker 4>to protectionist thinking in philosophy. You can go back thirty

0:03:12.919 --> 0:03:16.960
<v Speaker 4>years on YouTube and find Donald Trump saying the same

0:03:17.040 --> 0:03:20.480
<v Speaker 4>things that President Trump is saying today. He and I

0:03:20.560 --> 0:03:24.320
<v Speaker 4>had many vigorous conversations during our four years about trade.

0:03:24.560 --> 0:03:27.920
<v Speaker 4>I come from one of the leading exporting states in

0:03:27.960 --> 0:03:29.080
<v Speaker 4>the country.

0:03:29.160 --> 0:03:31.720
<v Speaker 3>What we make, we grow in Indiana, we sell to

0:03:31.760 --> 0:03:32.480
<v Speaker 3>the world.

0:03:33.520 --> 0:03:34.960
<v Speaker 4>But at the end of the day, I think what

0:03:35.040 --> 0:03:39.480
<v Speaker 4>you're seeing is not different influences around President Trump. I

0:03:39.480 --> 0:03:45.400
<v Speaker 4>think you're simply seeing him extending out into a philosophy

0:03:45.440 --> 0:03:48.200
<v Speaker 4>of government and economics that he has long believed.

0:03:47.880 --> 0:03:51.720
<v Speaker 1>Were these impulses. Then there when he during the first administration,

0:03:52.040 --> 0:03:54.920
<v Speaker 1>and individuals like you maybe talked him out of it.

0:03:56.040 --> 0:03:57.480
<v Speaker 3>Well, I don't know that it was.

0:04:01.120 --> 0:04:02.920
<v Speaker 4>There were a few times that I saw him change

0:04:02.920 --> 0:04:05.040
<v Speaker 4>his mind on things, but I think it was more

0:04:05.120 --> 0:04:10.160
<v Speaker 4>about priorities in the first term, to make sure that

0:04:10.200 --> 0:04:16.440
<v Speaker 4>we passed the tax cuts, rolled back regulation, unleashed American energy,

0:04:17.120 --> 0:04:22.120
<v Speaker 4>and we changed the national consensus on China. China with

0:04:22.200 --> 0:04:26.279
<v Speaker 4>its years of trade abuses, and I played a leading

0:04:26.360 --> 0:04:29.440
<v Speaker 4>role in articulating that in the early going, and I'm

0:04:29.440 --> 0:04:32.240
<v Speaker 4>incredibly proud of that record and glad that at least

0:04:32.279 --> 0:04:36.640
<v Speaker 4>the Biden administration didn't change the tariff policy toward China.

0:04:36.760 --> 0:04:38.840
<v Speaker 3>But for me, it was more about.

0:04:40.400 --> 0:04:43.320
<v Speaker 4>It was more about driving toward free trade agreement. So

0:04:43.360 --> 0:04:46.960
<v Speaker 4>I had the privilege of announcing the beginning of a

0:04:47.000 --> 0:04:50.599
<v Speaker 4>free trade agreement with UK in the City of London.

0:04:51.000 --> 0:04:54.960
<v Speaker 4>We renegotiated a free trade agreement with South Korea that's

0:04:55.279 --> 0:05:00.600
<v Speaker 4>back in the news this week with new tariff threats,

0:04:59.400 --> 0:05:04.440
<v Speaker 4>and I was leading with my counterpart in Japan. I

0:05:04.520 --> 0:05:07.359
<v Speaker 4>was actually tasked with leading a working group for a

0:05:07.360 --> 0:05:12.840
<v Speaker 4>free trade agreement with Japan. So for US, it was

0:05:13.839 --> 0:05:18.400
<v Speaker 4>that we saw an expansion of trade and opening markets.

0:05:17.960 --> 0:05:20.640
<v Speaker 3>As a key part of American growth right now.

0:05:20.680 --> 0:05:24.599
<v Speaker 4>I actually believe that President Trump is driving toward a

0:05:24.720 --> 0:05:29.479
<v Speaker 4>long term change in industrial policy in America where he

0:05:29.560 --> 0:05:37.320
<v Speaker 4>sees permanent unilateral trade tariff barriers as beneficial to America

0:05:37.320 --> 0:05:41.320
<v Speaker 4>in the long term, and I, as a free market conservative,

0:05:41.360 --> 0:05:43.240
<v Speaker 4>as something I just don't embrace.

0:05:43.400 --> 0:05:45.960
<v Speaker 1>Can you do that and isolate China with the rest

0:05:45.960 --> 0:05:48.320
<v Speaker 1>of the world on board at the same time, Well, a.

0:05:48.400 --> 0:05:54.279
<v Speaker 4>Marie, I think that's the right question that Senator Phil Graham.

0:05:54.320 --> 0:05:57.640
<v Speaker 4>We had on Capitol Hill with our foundation yesterday, had

0:05:58.600 --> 0:06:00.840
<v Speaker 4>over one hundred staffers that came out to hear him.

0:06:00.839 --> 0:06:03.239
<v Speaker 4>He had probably the best description of it, he said.

0:06:04.880 --> 0:06:08.880
<v Speaker 4>He said, by going after all of your the free

0:06:08.960 --> 0:06:12.159
<v Speaker 4>nations that you're trading with at the same time that

0:06:12.200 --> 0:06:16.839
<v Speaker 4>you're trying to bring China farther along into opening markets

0:06:16.880 --> 0:06:21.040
<v Speaker 4>and ending years of trade abuses, he said, it's like

0:06:21.560 --> 0:06:25.160
<v Speaker 4>it's like dismissing your front line in a football game

0:06:25.360 --> 0:06:27.839
<v Speaker 4>and expecting that you're going to take on the other side. Look,

0:06:27.880 --> 0:06:31.640
<v Speaker 4>we need Japan, we need South Korea, we need Australia,

0:06:31.680 --> 0:06:36.039
<v Speaker 4>we need the EU to continue to bring the kind

0:06:36.160 --> 0:06:40.360
<v Speaker 4>of economic pressure on China that I believe is all

0:06:40.400 --> 0:06:44.480
<v Speaker 4>that President g and the Chinese Communist Party will will respect.

0:06:44.520 --> 0:06:45.640
<v Speaker 3>We saw some change.

0:06:45.680 --> 0:06:48.520
<v Speaker 4>Remember that Phase one trade deal in the early days

0:06:48.560 --> 0:06:50.880
<v Speaker 4>of twenty twenty. Most people have long since forgotten it.

0:06:50.920 --> 0:06:54.680
<v Speaker 4>There were bigger stories that year by far, but we

0:06:54.760 --> 0:06:57.120
<v Speaker 4>saw the China when we imposed those two hundred and

0:06:57.120 --> 0:07:00.600
<v Speaker 4>fifty billion dollars in tariffs. The Chinese to the table

0:07:00.680 --> 0:07:06.120
<v Speaker 4>quickly and began negotiations. And I still believe that's the

0:07:06.200 --> 0:07:10.320
<v Speaker 4>right approach, with free trade, with free nations being the backstop.

0:07:10.400 --> 0:07:12.679
<v Speaker 5>Mister Vice President, I want to pick out a line

0:07:12.840 --> 0:07:15.000
<v Speaker 5>in that Wall Street Journal up ed that John was

0:07:15.040 --> 0:07:17.760
<v Speaker 5>mentioning that you wrote, mister Trump's proposed tariffs would be

0:07:17.760 --> 0:07:20.760
<v Speaker 5>the largest peacetime hike in American history, harming consumers and

0:07:20.840 --> 0:07:25.400
<v Speaker 5>driving inflation. President Trump his administration has been talking about

0:07:25.400 --> 0:07:28.240
<v Speaker 5>they're not going to be inflationary, that the producers and

0:07:28.280 --> 0:07:30.840
<v Speaker 5>other countries are going to absorb it. Are you seeing

0:07:30.880 --> 0:07:33.760
<v Speaker 5>evidence that that's not the case. Are you really concerned

0:07:33.760 --> 0:07:36.200
<v Speaker 5>about what this does to the economy.

0:07:36.760 --> 0:07:40.800
<v Speaker 4>Well, I really am, and I understand that that's the

0:07:40.840 --> 0:07:44.760
<v Speaker 4>debate right now. We haven't seen the inflation from Liberation

0:07:44.920 --> 0:07:47.240
<v Speaker 4>Day and I think there's several reasons to explain that.

0:07:48.400 --> 0:07:49.560
<v Speaker 3>Number one is.

0:07:51.320 --> 0:07:56.600
<v Speaker 4>The terriff regime was paused and has now been paused again,

0:07:56.800 --> 0:08:01.720
<v Speaker 4>and the markets and are responding to that, businesses are responding. Secondly,

0:08:01.960 --> 0:08:03.680
<v Speaker 4>I got to tell you the businesses I talk to

0:08:04.200 --> 0:08:06.320
<v Speaker 4>as I travel around the country have been spending an

0:08:06.360 --> 0:08:09.960
<v Speaker 4>awful lot of money on inventory right now. You know,

0:08:10.000 --> 0:08:12.120
<v Speaker 4>there's an old saying that where I come from, the

0:08:12.160 --> 0:08:13.480
<v Speaker 4>you know, I was born in the morning, but not

0:08:13.600 --> 0:08:17.880
<v Speaker 4>yesterday morning. So people say that these tariffs are coming,

0:08:18.160 --> 0:08:20.600
<v Speaker 4>so why don't we Why don't we fill the warehouse

0:08:20.680 --> 0:08:24.000
<v Speaker 4>right now? And I think that's wise, But you know,

0:08:24.080 --> 0:08:27.280
<v Speaker 4>at the end of the day, I also think that

0:08:28.120 --> 0:08:30.559
<v Speaker 4>you know, the President on Liberation Day talked about twenty

0:08:30.560 --> 0:08:35.640
<v Speaker 4>five percent, fifty percent, seventy percent tariffs on countries, and

0:08:35.880 --> 0:08:39.240
<v Speaker 4>seeing some of these early frameworks that end up with

0:08:39.360 --> 0:08:43.720
<v Speaker 4>the UK with ten percent, there's a temptation to say, well,

0:08:43.720 --> 0:08:46.640
<v Speaker 4>that's just ten percent, And so I think that's the

0:08:46.679 --> 0:08:51.040
<v Speaker 4>reason why markets, so my businesses have not adjusted prices yet.

0:08:51.800 --> 0:08:55.000
<v Speaker 4>But if we have a unilateral tariff of ten percent

0:08:55.160 --> 0:08:58.079
<v Speaker 4>on the American economy of all important goods, that's four.

0:08:57.880 --> 0:09:00.320
<v Speaker 3>Times the average tariff to day.

0:09:00.960 --> 0:09:04.679
<v Speaker 4>And the reality is that I watch, you know, I

0:09:04.760 --> 0:09:08.400
<v Speaker 4>spent a lot of time in that cabinet room. I

0:09:08.440 --> 0:09:10.319
<v Speaker 4>watched a little bit of the cabinet meeting this week,

0:09:10.960 --> 0:09:15.599
<v Speaker 4>and I saw Secretary Besson speaking very glowingly about the

0:09:16.000 --> 0:09:21.959
<v Speaker 4>projection is three hundred billion dollars in tariff revenue this year. Well,

0:09:22.520 --> 0:09:28.280
<v Speaker 4>tariffs are a tax, and American importers and businesses and

0:09:28.360 --> 0:09:30.160
<v Speaker 4>ultimately consumers.

0:09:30.240 --> 0:09:31.560
<v Speaker 3>Pay almost all of that.

0:09:31.880 --> 0:09:35.360
<v Speaker 4>And so literally a week after we managed to extend

0:09:35.360 --> 0:09:38.720
<v Speaker 4>the Trumpets tax cuts and prevent a two thousand dollars

0:09:39.000 --> 0:09:42.800
<v Speaker 4>tax increase on working families, the administration is right now

0:09:42.880 --> 0:09:47.839
<v Speaker 4>boasting of the fact that the average American household is

0:09:47.840 --> 0:09:51.440
<v Speaker 4>going to see about three thousand dollars increase in the

0:09:51.480 --> 0:09:55.800
<v Speaker 4>cost of goods because we're paying that. So that's why

0:09:55.960 --> 0:09:58.160
<v Speaker 4>I referred to a liberation day. I said, could well

0:09:58.200 --> 0:10:01.280
<v Speaker 4>be the largest peacetime tax in American history.

0:10:01.520 --> 0:10:03.120
<v Speaker 3>We've been pushing back on that.

0:10:03.800 --> 0:10:08.520
<v Speaker 4>I welcome the pauses, but I I really do believe

0:10:08.520 --> 0:10:11.680
<v Speaker 4>the antidote here is free trade with free nations. Tough

0:10:11.679 --> 0:10:17.920
<v Speaker 4>on China, but continue continue to drive toward lowering trade barriers,

0:10:17.960 --> 0:10:21.840
<v Speaker 4>and and you know, non tariff subsidient.

0:10:21.880 --> 0:10:24.200
<v Speaker 2>He reflects the inflation risk. The White House of say

0:10:24.240 --> 0:10:26.719
<v Speaker 2>like this federer'sf to cut interest rates. You've been in

0:10:26.720 --> 0:10:28.440
<v Speaker 2>the room a few times. I'm sure it's talking about

0:10:28.440 --> 0:10:31.360
<v Speaker 2>this veederic f. How did the President end up with

0:10:31.440 --> 0:10:34.559
<v Speaker 2>a FED chat the heat dislikes so much? How did

0:10:34.600 --> 0:10:35.080
<v Speaker 2>that happen?

0:10:35.720 --> 0:10:39.800
<v Speaker 4>Well, well, I've been watching a lot of what the

0:10:39.800 --> 0:10:41.040
<v Speaker 4>presidents had to say about J.

0:10:41.200 --> 0:10:41.960
<v Speaker 3>Powell lately, and.

0:10:45.320 --> 0:10:49.240
<v Speaker 4>He did appoint him, So it's part of the awkward

0:10:49.679 --> 0:10:52.120
<v Speaker 4>aspect here. Well, first, I think the President of the

0:10:52.200 --> 0:10:56.520
<v Speaker 4>United States is fully entitled to express his opinion about

0:10:56.559 --> 0:10:59.760
<v Speaker 4>both the FED share and about the Federal Reserve itself.

0:10:59.800 --> 0:11:01.400
<v Speaker 3>I have long had great.

0:11:01.200 --> 0:11:05.600
<v Speaker 4>Concerns about the dual mandate and the Federal Reserve. I

0:11:05.600 --> 0:11:08.439
<v Speaker 4>think it confuses the issue. The Federal Reserve has this

0:11:09.440 --> 0:11:11.960
<v Speaker 4>for your viewers, has a dual mandate to protect the

0:11:12.000 --> 0:11:16.240
<v Speaker 4>integrity of the dollar and achieve full employment. Look, I

0:11:16.280 --> 0:11:19.520
<v Speaker 4>think the Federal Reserve ought to just focus on the dollar.

0:11:19.800 --> 0:11:23.079
<v Speaker 4>And I think that the hesitation that I have seen

0:11:23.760 --> 0:11:28.720
<v Speaker 4>from the FED chair and ostensibly the Committee is that

0:11:28.880 --> 0:11:33.199
<v Speaker 4>the uncertainty around these broad based tariffs and the potential

0:11:33.640 --> 0:11:38.960
<v Speaker 4>for inflation has slowed their intention and their earlier efforts

0:11:39.000 --> 0:11:45.400
<v Speaker 4>at lowering rates, and so how the president got to

0:11:45.480 --> 0:11:49.000
<v Speaker 4>where he can He considers the Federal Reserve chairman to

0:11:49.000 --> 0:11:54.280
<v Speaker 4>be worthy of the nickname too late. I can't really testify,

0:11:54.000 --> 0:11:58.000
<v Speaker 4>but to me, you know, pushing back on the idea

0:11:58.040 --> 0:12:01.319
<v Speaker 4>that what seems to be holding up the Federal Reserve.

0:12:01.360 --> 0:12:04.320
<v Speaker 4>Although I read this morning there's now more vigorous debate.

0:12:04.320 --> 0:12:05.880
<v Speaker 3>I'm sure you've covered here on Bloomberg.

0:12:06.000 --> 0:12:11.200
<v Speaker 4>Ye on the committee as that there we may have

0:12:11.559 --> 0:12:13.720
<v Speaker 4>lowering of interest rates, which certainly would welcome.

0:12:13.800 --> 0:12:15.760
<v Speaker 2>As you know, the president, one of his greatest strength

0:12:15.880 --> 0:12:17.880
<v Speaker 2>is to break the status quoud and have very little

0:12:17.880 --> 0:12:20.840
<v Speaker 2>respect for it. That limits to that, and it's fed

0:12:20.880 --> 0:12:22.400
<v Speaker 2>independence and example of it.

0:12:23.880 --> 0:12:28.480
<v Speaker 4>That's right, And I think, look, the President appoints the

0:12:28.600 --> 0:12:32.400
<v Speaker 4>chairman of the Federal Reserve, and a careful study of

0:12:32.400 --> 0:12:35.760
<v Speaker 4>American history shows I don't really accept that the Federal

0:12:35.800 --> 0:12:41.800
<v Speaker 4>Reserve should be a completely separate agency, you know, like

0:12:41.880 --> 0:12:44.640
<v Speaker 4>a college of cardinals that we never refer to other

0:12:44.720 --> 0:12:45.040
<v Speaker 4>than in.

0:12:45.080 --> 0:12:47.000
<v Speaker 3>Respectful hush tones.

0:12:47.080 --> 0:12:49.480
<v Speaker 4>John, I think the president ought to be able to

0:12:49.520 --> 0:12:52.920
<v Speaker 4>express himself. Elected officials ought to be able to express themselves,

0:12:52.920 --> 0:12:55.720
<v Speaker 4>because it's almost like that old saying about the Supreme Court.

0:12:55.800 --> 0:12:59.240
<v Speaker 4>You know that justices do read the newspaper, and I

0:12:59.280 --> 0:13:01.880
<v Speaker 4>expect that's also true of members of the Federal Reserve.

0:13:02.080 --> 0:13:04.439
<v Speaker 2>You have taken a balance view on the current administration.

0:13:04.559 --> 0:13:07.319
<v Speaker 2>You've been somewhat critically of trains. We've discussed that, I

0:13:07.360 --> 0:13:09.880
<v Speaker 2>would say, ringing endulsement about that approach to the Middle East.

0:13:10.040 --> 0:13:12.679
<v Speaker 2>So let's talk about that. Where you were in your

0:13:12.720 --> 0:13:15.440
<v Speaker 2>first term with the president, where he is in his

0:13:15.480 --> 0:13:18.079
<v Speaker 2>second term, and what went wrong in between. From your

0:13:18.120 --> 0:13:21.600
<v Speaker 2>standpoint on the Middle East, Well, I.

0:13:21.600 --> 0:13:27.280
<v Speaker 4>Just think when Joe Biden returned to a policy of

0:13:27.320 --> 0:13:34.559
<v Speaker 4>appeasement toward Iran, it really emboldened the enemies of Israel

0:13:34.600 --> 0:13:35.840
<v Speaker 4>across the region.

0:13:36.559 --> 0:13:38.120
<v Speaker 3>I traveled to Israel.

0:13:39.400 --> 0:13:44.320
<v Speaker 4>About six months after October seventh and saw what occurred there,

0:13:44.360 --> 0:13:45.920
<v Speaker 4>and I would tell you it's one of the things

0:13:46.000 --> 0:13:51.160
<v Speaker 4>I'm probably most proud of our administration. Not only did

0:13:51.200 --> 0:13:55.439
<v Speaker 4>we changed in the national consensus on China, but we

0:13:55.440 --> 0:14:01.040
<v Speaker 4>were probably the most pro Israel administration since the re

0:14:01.200 --> 0:14:03.680
<v Speaker 4>establishment of the State of Israel in nineteen forty eight.

0:14:04.040 --> 0:14:05.920
<v Speaker 4>There's just simply to recognize it.

0:14:06.000 --> 0:14:07.120
<v Speaker 3>Moving the American.

0:14:06.760 --> 0:14:09.360
<v Speaker 4>Embassy to Jerusalem recognizing the Golanites.

0:14:09.880 --> 0:14:10.520
<v Speaker 3>These were all.

0:14:10.440 --> 0:14:15.040
<v Speaker 4>Historic achievements that everyone told us would foment violence and

0:14:15.120 --> 0:14:19.560
<v Speaker 4>discord across the Middle East. But again another twenty twenty

0:14:19.640 --> 0:14:23.840
<v Speaker 4>story that is long forgotten by many people. As the Abraham,

0:14:23.880 --> 0:14:26.840
<v Speaker 4>of course, I mean we actually demonstrated that when you

0:14:26.880 --> 0:14:33.000
<v Speaker 4>stand without in an unwavering way with Israel that I

0:14:33.040 --> 0:14:38.720
<v Speaker 4>call our most cherished ally throughout our history, it sends

0:14:38.760 --> 0:14:41.200
<v Speaker 4>a very clear signal that makes peace more possible, not

0:14:41.320 --> 0:14:46.600
<v Speaker 4>less possible. We also isolated Iran as never before. We

0:14:46.920 --> 0:14:50.720
<v Speaker 4>unleashed our military to take down the ISIS Caliphate, and

0:14:50.800 --> 0:14:54.120
<v Speaker 4>of course the President made the decision to take down

0:14:54.320 --> 0:14:56.040
<v Speaker 4>Acostam Salomoni.

0:14:55.560 --> 0:14:58.760
<v Speaker 3>The head of the Iran Revolutionary Guard.

0:14:58.960 --> 0:15:02.840
<v Speaker 4>All of that had had Iran on its back heels.

0:15:02.880 --> 0:15:06.440
<v Speaker 4>The Biden administration changed that went back to the Obama

0:15:06.480 --> 0:15:09.600
<v Speaker 4>approach of re engaging with the Mullahs in Tehran. I

0:15:09.640 --> 0:15:13.520
<v Speaker 4>think they were emboldened the violence that we saw, whether

0:15:13.560 --> 0:15:18.080
<v Speaker 4>it be October seventh with Hamas one of their patron

0:15:18.120 --> 0:15:23.200
<v Speaker 4>groups or the Houthis, all were resolved. I've always believed

0:15:23.240 --> 0:15:27.840
<v Speaker 4>that that weakness arouses evil, but peace comes through strength

0:15:28.560 --> 0:15:31.240
<v Speaker 4>and in the weakness of the Biden administration, I think

0:15:32.080 --> 0:15:37.120
<v Speaker 4>created conditions for the mayhem that the new Trump administration inherited.

0:15:37.160 --> 0:15:38.080
<v Speaker 3>And that's why I've.

0:15:38.880 --> 0:15:42.520
<v Speaker 4>I've been so encouraged to see the strong stand the

0:15:42.560 --> 0:15:49.880
<v Speaker 4>President has taken with Israel. We publicly encouraged the use

0:15:49.920 --> 0:15:51.480
<v Speaker 4>of American military assets.

0:15:52.040 --> 0:15:54.280
<v Speaker 3>If Iran was not willing to dismantle their.

0:15:54.240 --> 0:15:58.080
<v Speaker 4>Nuclear program, I believe it needed to be destroyed. And

0:15:58.440 --> 0:16:02.000
<v Speaker 4>I commend the President for his decisive leadership in our

0:16:02.000 --> 0:16:05.720
<v Speaker 4>incredible airman who delivered those payloads.

0:16:05.840 --> 0:16:08.400
<v Speaker 1>You welcomed those strikes on the Iranian nuclear facilities, But

0:16:08.440 --> 0:16:11.120
<v Speaker 1>the President still talks about a deal with Iran. Do

0:16:11.120 --> 0:16:13.200
<v Speaker 1>you think he'll do a deal at any cost?

0:16:15.680 --> 0:16:17.200
<v Speaker 3>Well, I hope not.

0:16:17.360 --> 0:16:19.760
<v Speaker 4>I said in that Wall Street Journal piece that you cited.

0:16:20.520 --> 0:16:24.160
<v Speaker 4>It was about two months ago, and one of my concerns,

0:16:24.160 --> 0:16:26.760
<v Speaker 4>in addition to some of the tariff issues that we

0:16:26.800 --> 0:16:30.280
<v Speaker 4>talked about, was that a lot of what we were

0:16:30.320 --> 0:16:33.960
<v Speaker 4>hearing from the administration in the first hundred days sounded

0:16:33.960 --> 0:16:38.600
<v Speaker 4>an awful lot like a new Iran nuclear deal, and

0:16:38.800 --> 0:16:40.760
<v Speaker 4>we pushed back on that pretty hard.

0:16:41.160 --> 0:16:42.040
<v Speaker 3>And I.

0:16:43.640 --> 0:16:49.200
<v Speaker 4>My hope is that the President, having having seen both

0:16:49.520 --> 0:16:53.400
<v Speaker 4>the run up to the need for American action and

0:16:53.480 --> 0:16:59.560
<v Speaker 4>also the response by the Mullas and Tehran. We'll he'll

0:16:59.640 --> 0:17:05.400
<v Speaker 4>keep his on the holster and look ultimately for achieving

0:17:05.440 --> 0:17:09.160
<v Speaker 4>the objective that has been the stated US policy through

0:17:09.200 --> 0:17:12.720
<v Speaker 4>multiple administrations, that Ran can never be allowed to obtain

0:17:13.359 --> 0:17:16.080
<v Speaker 4>a nuclear weapon or have a nuclear program of any kind.

0:17:16.160 --> 0:17:18.440
<v Speaker 1>When it comes to foreign policy, you've been very critical

0:17:18.520 --> 0:17:21.960
<v Speaker 1>and hawkish on Russia in the debate when you were

0:17:22.440 --> 0:17:24.560
<v Speaker 1>running with President Trump in the first term, you called

0:17:24.640 --> 0:17:28.040
<v Speaker 1>Putin a small and bullying dictator. Why do you think

0:17:28.040 --> 0:17:30.879
<v Speaker 1>Trump has only just started changing his tune when it

0:17:30.920 --> 0:17:32.040
<v Speaker 1>comes to Vladimir Putin.

0:17:33.760 --> 0:17:36.040
<v Speaker 4>Well, I've never had any illusions about Vladimir Putin.

0:17:36.440 --> 0:17:38.000
<v Speaker 1>No, but President Trump has.

0:17:38.080 --> 0:17:41.119
<v Speaker 3>Well, that remains to be seen.

0:17:42.119 --> 0:17:44.760
<v Speaker 4>I would tell you that, you know, I was on

0:17:44.800 --> 0:17:46.960
<v Speaker 4>the Foreign Affairs Committee when I was in the Congress.

0:17:47.560 --> 0:17:50.520
<v Speaker 4>I've been a student of Vladimir Putin. He's never made

0:17:50.560 --> 0:17:54.320
<v Speaker 4>a secret of his ambitions in Eastern Europe. It's something

0:17:54.359 --> 0:17:58.720
<v Speaker 4>he's spoken about, written about. His aim has always been

0:17:59.600 --> 0:18:02.720
<v Speaker 4>to re established the old Soviet sphere of influence in

0:18:02.760 --> 0:18:05.359
<v Speaker 4>Eastern Europe. And I really do believe it was our

0:18:05.400 --> 0:18:09.280
<v Speaker 4>administration in the Trump Pence years that were the first

0:18:09.359 --> 0:18:13.000
<v Speaker 4>to literally provide lethal aid to Ukraine. I think that's

0:18:13.080 --> 0:18:17.440
<v Speaker 4>what discouraged Putin from crossing.

0:18:16.960 --> 0:18:18.680
<v Speaker 3>That border during those four years.

0:18:19.080 --> 0:18:22.480
<v Speaker 4>Forget, and I think it continues to be the only

0:18:22.520 --> 0:18:23.680
<v Speaker 4>pathway toward peace today.

0:18:23.800 --> 0:18:26.359
<v Speaker 5>But forgive me, mister Vice President, to go back to

0:18:26.400 --> 0:18:29.520
<v Speaker 5>Emory's question, what's changed, because right now we've seen a

0:18:29.520 --> 0:18:34.040
<v Speaker 5>president who's warned against Russia doing crossing certain real lines,

0:18:34.280 --> 0:18:38.320
<v Speaker 5>Russia's crossed, and then the sanctions haven't come. What do

0:18:38.359 --> 0:18:39.200
<v Speaker 5>you think is going on?

0:18:39.560 --> 0:18:41.280
<v Speaker 3>Well, I'm hopeful that they will.

0:18:41.920 --> 0:18:46.000
<v Speaker 4>What makes you I am I've seen some statements by

0:18:46.400 --> 0:18:49.880
<v Speaker 4>my friend Senator Lindsey Graham, who just in the last

0:18:49.920 --> 0:18:52.840
<v Speaker 4>few days said that the President told him to move

0:18:52.880 --> 0:19:00.679
<v Speaker 4>the bill. And these new Russia sanctions, which are secondary

0:19:00.680 --> 0:19:03.280
<v Speaker 4>sanctions against people that are doing business with Russia that

0:19:03.320 --> 0:19:08.680
<v Speaker 4>are subsidizing the war effort by oil purchases and energy purchases,

0:19:09.600 --> 0:19:13.840
<v Speaker 4>I think could be enormously impactful. But uh, you know,

0:19:13.960 --> 0:19:21.520
<v Speaker 4>I would I would say that, you know, I've made

0:19:21.520 --> 0:19:29.040
<v Speaker 4>it very clear that that that my deep conviction is

0:19:29.080 --> 0:19:33.480
<v Speaker 4>that Vladimir Putin doesn't want peace. Vladimir Putin wants Ukraine

0:19:35.000 --> 0:19:39.040
<v Speaker 4>and despite the stops and starts that gave them any

0:19:39.080 --> 0:19:43.840
<v Speaker 4>of us concern, including that famous Oval Office meeting between

0:19:43.880 --> 0:19:47.560
<v Speaker 4>the President and President Zelenski, who I came to know well.

0:19:49.160 --> 0:19:51.760
<v Speaker 3>I sense that my old running mate.

0:19:52.200 --> 0:19:56.120
<v Speaker 4>Is coming around to recognizing Putin's real intentions here.

0:19:56.400 --> 0:19:58.760
<v Speaker 3>I mean when I think that.

0:19:59.600 --> 0:20:06.080
<v Speaker 4>The the clear irritation in the President's voice of having

0:20:06.160 --> 0:20:09.639
<v Speaker 4>a conversation and then to see some of the some

0:20:09.720 --> 0:20:13.719
<v Speaker 4>of the worst drone attacks launched in Kiev within a

0:20:13.760 --> 0:20:20.720
<v Speaker 4>matter of hours, is I think having its effect. But look,

0:20:20.320 --> 0:20:24.320
<v Speaker 4>I just think that I was pleased that the President

0:20:24.440 --> 0:20:27.440
<v Speaker 4>countermanded what had been a pause of aid to Ukraine

0:20:27.560 --> 0:20:36.000
<v Speaker 4>last week, which I think was unfortunate wherever it originated.

0:20:36.080 --> 0:20:39.959
<v Speaker 4>But I commend the President for reversing that decision. And

0:20:40.000 --> 0:20:43.879
<v Speaker 4>my hope is when the Senate reconvenes that that Senator

0:20:43.920 --> 0:20:48.680
<v Speaker 4>Thunal will put the the Graham bill on the floor and.

0:20:49.160 --> 0:20:50.480
<v Speaker 3>Put it on the President's desk.

0:20:50.520 --> 0:20:54.320
<v Speaker 4>I think it's time and and it's my judgment. I've

0:20:54.320 --> 0:20:57.040
<v Speaker 4>met Vladimir Putin, I've stood with him closer than I'm

0:20:57.520 --> 0:20:59.640
<v Speaker 4>sitting next to you. I've told him things he didn't

0:20:59.680 --> 0:21:05.040
<v Speaker 4>want to hear, and I think he is. I think

0:21:05.080 --> 0:21:09.360
<v Speaker 4>he is not a man who understands anything other than strength.

0:21:10.359 --> 0:21:14.199
<v Speaker 4>And this is a moment, I think where it's in

0:21:14.240 --> 0:21:16.560
<v Speaker 4>the interest of our country, it's in the interest of

0:21:17.000 --> 0:21:20.240
<v Speaker 4>our allies in the region and long term peace in

0:21:20.280 --> 0:21:23.639
<v Speaker 4>Eastern Europe for US to continue to provide military support

0:21:23.960 --> 0:21:29.119
<v Speaker 4>to Ukraine, to put punishing sanctions on Russia until the

0:21:29.320 --> 0:21:31.000
<v Speaker 4>just lasting peace can be secured.

0:21:31.200 --> 0:21:34.040
<v Speaker 2>Mister Vice President, I appreciate your time, set enjoyed the

0:21:34.080 --> 0:21:36.239
<v Speaker 2>Commas action great. It's going to say it, thank you.

0:21:36.680 --> 0:21:38.480
<v Speaker 2>They form the Vice President of the United States that

0:21:38.840 --> 0:21:39.359
<v Speaker 2>Mike Pence