WEBVTT - US Agriculture Secretary Brooke Rollins Talks Global Agriculture Trade

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>US Agriculture Secretary Brook Rollins joins US now where she

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<v Speaker 2>is in Rome for meetings with Italian counterparts right now.

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<v Speaker 2>She posted on AX yesterday about her mission balancing trade

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<v Speaker 2>and putting American ag first.

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<v Speaker 3>I'm pleased to get.

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<v Speaker 2>The Secretary on a television with US, Brook Rowland, Secretary Rowlands,

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<v Speaker 2>thank you so much for joining us. Let me first

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<v Speaker 2>ask what you have achieved there in Rome, because, as

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<v Speaker 2>we know, exports to Europe and the UK have been

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<v Speaker 2>important but problematic. They have issues with genetically modified crops,

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<v Speaker 2>they have issues with the hormone that we use in

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<v Speaker 2>our beef, they have issues with the chlorine that we.

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<v Speaker 3>Use to wash our chickens.

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<v Speaker 2>So what can we do about those kind of non

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<v Speaker 2>trade barriers and what have you achieved there?

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<v Speaker 1>Well, thanks so much for having me on a couple

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<v Speaker 1>of quick top lines, and then we'll talk about that.

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<v Speaker 1>The first thing is this that the President's vision to

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<v Speaker 1>realign the world economy around putting America first was long coming.

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<v Speaker 1>For too long, America has been subject to a terra

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<v Speaker 1>regime of other countries, and now that's changing, and it's

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<v Speaker 1>changing for the better.

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<v Speaker 3>For our country.

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<v Speaker 1>So I think that's really really important from my perspective

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<v Speaker 1>for our farmers and our ranchers. The second thing I

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<v Speaker 1>think is important as being in Italy today, I was

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<v Speaker 1>in the UK just a couple of weeks ago. I'll

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<v Speaker 1>be in Vietnam, Japan and India next month. That it

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<v Speaker 1>is time that we move these products and continue to

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<v Speaker 1>work on the world stage. Last night, we had an

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<v Speaker 1>incredible day all day yesterday and last night with my

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<v Speaker 1>counterparts here in Italy, their Minister of Agriculture, Lolo Brigita,

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<v Speaker 1>who is wonderful. We talked about getting more of our soybeans,

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<v Speaker 1>more of our wheat, more of our great products from

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<v Speaker 1>America into Italy and of course across the EU. But

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<v Speaker 1>the third thing I'll say, and that is your point,

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<v Speaker 1>that this concept that American agriculture isn't safe for the

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<v Speaker 1>medically modified, you know, whatever it is, there are thousands,

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<v Speaker 1>thousands of research data compilations that prove that to be wrong.

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<v Speaker 1>Those are called non tariff trade barriers, and they are

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<v Speaker 1>absolutely not real.

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<v Speaker 3>It's not based in science. And it's time that that change.

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<v Speaker 1>And I know our trade team from America has been

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<v Speaker 1>working on that.

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<v Speaker 3>They continue to work on that.

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<v Speaker 1>We've got more deals that will be or should be

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<v Speaker 1>announced in the next week or two, and that non

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<v Speaker 1>tariff part of that is a really important part. When

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<v Speaker 1>people say the chlorinated chicken, only five percent of our

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<v Speaker 1>chicken in America still uses that chlorine rinse, and even

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<v Speaker 1>if more used it, it's still considered safe according to

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<v Speaker 1>worldwide standards, not just American standards. Same on the GMOs,

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<v Speaker 1>same on the hormones, etc. So we feel very confident

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<v Speaker 1>we have the best product in the world and we're

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<v Speaker 1>going to keep moving it out.

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<v Speaker 3>Miss.

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<v Speaker 2>The issues that you're raising seem to be some that

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<v Speaker 2>our own Health Secretary Rob F. Kennedy has with foods

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<v Speaker 2>the science clearly notwithstanding right, he has issues with chemical treatments.

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<v Speaker 2>He has issues with additives in some of our foods

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<v Speaker 2>that are very similar to those that the EU and

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<v Speaker 2>the UK have. Aren't you looking at changes along those

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<v Speaker 2>lines for US food standards as well?

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<v Speaker 1>Secretary Kennedy has been very clear that the American product

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<v Speaker 1>is safe and it is really the best. Now where

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<v Speaker 1>he comes in is can we do better? And I

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<v Speaker 1>think what everyone everywhere, in every product, every lane, it's

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<v Speaker 1>always about how do we do better.

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<v Speaker 3>How do we do better? How do we ensure that

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<v Speaker 3>our products.

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<v Speaker 1>Are continually improving? And we're doing that, and that's where

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<v Speaker 1>he's coming down. But really, as part of the Make

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<v Speaker 1>America Healthy Again Commission, as the mom of four teenagers

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<v Speaker 1>a MAHA mom myself, it isn't just it's more about

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<v Speaker 1>the ultra processed foods. It's more about all of the

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<v Speaker 1>the other parts of the environment in America that are

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<v Speaker 1>making our population as more unhealthy.

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<v Speaker 3>Chronic disease, etc. Is at an all time high.

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<v Speaker 1>But this has nothing to do with our soybeans, our wheat,

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<v Speaker 1>our beef, our seafood, all of the great products that

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<v Speaker 1>are coming from America. And Secretary Kennedy and I are

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<v Speaker 1>very close. We've talked about this at length. He's visited

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<v Speaker 1>farms with me in Texas. We have another couple of

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<v Speaker 1>farms we're going to be visiting in California in the

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<v Speaker 1>next month.

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<v Speaker 3>So we are sympatical on this. Now.

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<v Speaker 1>Do we agree on everything, No, but we agree on

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<v Speaker 1>most things. And I think that the American people under

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<v Speaker 1>President Trump's vision will be the ultimate beneficiary of that.

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<v Speaker 1>But also, as we are on the world stage continuing

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<v Speaker 1>to move our great farming and ranching products out there.

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<v Speaker 1>And I know your guest a minute ago talked about China. Listen,

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<v Speaker 1>we had a great deal with China in twenty nineteen.

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<v Speaker 1>The Biden administration decided not to enforce it, and as

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<v Speaker 1>a result, we now have a forty five billion dollar

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<v Speaker 1>trade deficit in our ag products we're trying to sort of.

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<v Speaker 3>Make up for right now.

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<v Speaker 2>I would have thought that OURFKA Junior had a real

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<v Speaker 2>problem with our wheat. I've heard him for years talking

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<v Speaker 2>about the glyco state used in pesticides and linking that

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<v Speaker 2>to non Hodgkins lymphoma. So it's interesting and I look

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<v Speaker 2>forward to seeing that the two of you together visiting farms.

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<v Speaker 2>Let's talk about the re calibration of trade. If you

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<v Speaker 2>lose say two billion from food aid programs, but gain

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<v Speaker 2>it in Vietnam, I know that you're headed there and

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<v Speaker 2>they want to buy two billion dollars more of our products,

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<v Speaker 2>that's I mean, that's fine, I guess, but it takes

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<v Speaker 2>time to do those things. So in the meantime, we've

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<v Speaker 2>seen soybean exports drop I think seventy nine percent below

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<v Speaker 2>the five year average. Corn exports drop forty nine percent.

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<v Speaker 2>Do you have to make that up with some sort

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<v Speaker 2>of farmer's subsidy program. In the first administration, President Trump

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<v Speaker 2>gave the armers twenty eight billion dollars. Is something similar

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<v Speaker 2>like that going to happen again this year.

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<v Speaker 1>Well, we remain really convicted that we're just at the

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<v Speaker 1>beginning of these renegotiations, that the market has reacted. But

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<v Speaker 1>at the end of the day, inflation is down, jobs

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<v Speaker 1>are up. We continue to see a positive sign specific

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<v Speaker 1>to soybean corn. Really are row croppers. That's really a

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<v Speaker 1>very direct result of China. And I know we're making

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<v Speaker 1>progress on China, will continue to make progress hopefully, but

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<v Speaker 1>if we don't opening up markets all over the world. Listen, EU,

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<v Speaker 1>for example, charges a ten percent tariff on average on

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<v Speaker 1>American products, and vice versa.

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<v Speaker 3>We only charge five percent. That's two x.

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<v Speaker 1>The average tariff charge around the world is about fifteen

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<v Speaker 1>percent on American products, when we charge on average five percent,

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<v Speaker 1>We've been taken advantage of over and over and over again.

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<v Speaker 1>So as we are realigning, we're also opening up these

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<v Speaker 1>markets with the trade deal the UK just a couple

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<v Speaker 1>of weeks ago, with a massive deal twenty five years

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<v Speaker 1>we couldn't get a deal done with the UK, and

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<v Speaker 1>now all of a sudden we have the deal, and

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<v Speaker 1>that will be extremely beneficial for our corn farmers, our

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<v Speaker 1>soy farmers through ethanol, and our beef cattle, etc. So

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<v Speaker 1>you'll continue to see this moving forward. Now, if around

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<v Speaker 1>harvest time into the summer beginning of the fall, we

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<v Speaker 1>see some real economic harm with our farmers, our president

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<v Speaker 1>has been unequivocal, unequivocal in saying that he's got the

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<v Speaker 1>farmers back, and if there is short term consequences, we'll

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<v Speaker 1>make sure to do everything we can to mitigate that.

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<v Speaker 1>And I'm here to execute on the president's vision.

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<v Speaker 2>So yes, can I ask about ethanol specifically. I'm from

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<v Speaker 2>the great state of Ohio. I grew up surrounded by

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<v Speaker 2>corn farmers, and I have a lot of respect for

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<v Speaker 2>the work that those farmers do for our country, really

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<v Speaker 2>for our national security, and it's delicious.

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<v Speaker 3>But I'm also a.

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<v Speaker 2>Fan of the big American V eight motor and I

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<v Speaker 2>do not want to put ethanol based gasoline in my car.

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<v Speaker 2>I'll drive miles to get premium grade fuel. It doesn't

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<v Speaker 2>have any ethanol. What are you thinking about in terms

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<v Speaker 2>of the level of crop based biofuels that should go

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<v Speaker 2>into gasoline.

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<v Speaker 1>Well, I think the most important thing to realize is

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<v Speaker 1>that we've got an energy national security crisis and that

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<v Speaker 1>there are many different ways to solve that. And that's

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<v Speaker 1>what Doug Bergham and Chris Wright, two of my cabinet counterparts,

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<v Speaker 1>are really focused on the president. President Trump talking about

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<v Speaker 1>being unequivocal. He's been unequivocal in his support for ethanol

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<v Speaker 1>and biofuels, and it isn't just about America.

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<v Speaker 3>And listen, this is the great thing.

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<v Speaker 1>It's America where you can choose what you prefer and

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<v Speaker 1>what you want to put in your vehicle. But the

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<v Speaker 1>ethanol conversation that's happening.

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<v Speaker 3>Around the world.

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<v Speaker 1>You talk about the UK, which whether we agree or not,

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<v Speaker 1>I happen to not agree. But their goal is to

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<v Speaker 1>get to z right net zero, which again we could

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<v Speaker 1>have a whole other show on that, But in order

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<v Speaker 1>to get to net zero, they're going to need our

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<v Speaker 1>biofuels from America to do that. So it isn't just

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<v Speaker 1>about specific to what you're going to put in your

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<v Speaker 1>truck when you drive across Ohio, which.

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<v Speaker 3>There may be some that disagree with that.

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<v Speaker 1>What you just said, but it's also about where America

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<v Speaker 1>stands on the world stage. A, how we achieve energy independence,

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<v Speaker 1>but b how we continue to support our great farmers

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<v Speaker 1>and our ranchers. And food security is national security, and

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<v Speaker 1>I think that's really important. If we don't have a

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<v Speaker 1>strong agriculture sector, if we can't feed ourselves, we are

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<v Speaker 1>no longer the superpower in the world. And so all

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<v Speaker 1>of this it's a complicated sort of balance that we're striking,

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<v Speaker 1>that we're working to achieve. But with the President's vision

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<v Speaker 1>and I think with arguably one of the greatest cabinets

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<v Speaker 1>in the history of our country, we will achieve it

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<v Speaker 1>for the American people by putting America first.

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<v Speaker 2>MS Secretary, thank you so much for your time, really appreciated.

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<v Speaker 2>US Agriculture Secretary Brooke Rallins in Rome,