00:00Biden's decision to slap tariffs on Chinese goods because he was, in your words, quote,
00:04standing up for American workers, unquote. So specifically on China,
00:09can you detail what exactly you would be doing differently than President Trump?
00:15Well, let's keep in mind, tariffs can be an important tool in the toolbox
00:19when used in targeted ways. But right now, what we've got is chaos and corruption.
00:26Donald Trump has imposed a tariff on everyone, everywhere, on all products. That's the 10%
00:34tariff. Of course, it was much higher earlier in the week. And now in this trade war with China that
00:40basically tries to shut down all trade. And then right out in plain view, as if the chaos weren't
00:47enough, he adds a nice layer of corruption for everyone to see. And that is a special, special
00:55deal for his CEO donor. And that is an exception to the China deal for iPhones. You know, look,
01:06here's the problem. You can't get an economy strong and moving forward when it's loaded with chaos and
01:15corruption. Investors will not invest in the United States. When Donald Trump is playing red light,
01:22green light with tariffs and saying, oh, and for my special donors, you get a special exception.
01:30People make investment decisions that are years into the future. If they're going to build a factory
01:35or they're going to rehab an old factory or buy a bunch of new tools. And right now with Donald Trump,
01:42nobody can figure out what the rules will be five days from now, much less five years from now.
01:48That's a real hit to our economy and to developing more manufacturing here in the United States.
01:56So on Wednesday, the president announced a pause on most of the tariffs, a 90-day pause,
02:03except for the ones on China and except for the 10 percent across the board.
02:07You called for the SEC to investigate whether President Trump intentionally manipulated the
02:13market or covered for insider trading when he told Americans on Truth Social and in the Oval Office
02:18that they should go invest in the stock market before he announced that pause on the tariffs and
02:25the market soared afterwards. Have you seen any actual evidence that insider trading was going on
02:31instead of the just general advice he gave to for people to invest?
02:34Well, there are people who have looked at what happened to purchases and to calls just before
02:45he made that announcement that caused the stock market to skyrocket. But let me be clear with the
02:52back and forth here. That's what investigations are for. And it's entirely appropriate to have an
02:58investigation to make sure that Donald Trump, Donald Trump's family, Donald Trump's inner circle
03:04didn't get advanced information and trade on that information. This is just, you know, kind of this is
03:12how the stock market works in order to make sure on a consistent basis that nobody's trading on inside
03:22information. And by the way, Jake, the same thing should apply to Congress. And that is we should have
03:28a rule that no one in Congress can trade on any trade in any individual stocks. No senator, no
03:38representative. I've had that bill for a long time. It's got a lot of support. In fact, it's got some
03:44bipartisan support. I think now would be a good time to get it across the finish line and get our
03:51representatives out of the business of trading in individual stocks. The American people should never
03:57have to wonder when the president, when his cabinet, when members of Congress are making a decision,
04:05whether it's for the good of the country or for the good of their own bank account.
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