What Trump *JUST* Said [Sunday - Moments Ago]

Quick note before we get into the full

video on what Donald Trump just said, I

want to add that Donald Trump is staying

resilient on the 25%

steel and aluminum tariffs and the

August 1st deadline, which means if the

European Union does not get a trade deal

with the United States, essentially over

the next 24 hours here, then they'll be

sitting at a 30% tariff rate, which is

way higher than where they want to be.

And that starts in just 5 days on August

1st, which is of course one day after

our coupon expires. And we have another

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it a shot at meet.com. Donald Trump just

spoke at his meeting with the president

of the European Commission in Scotland.

Here's what Donald Trump just told us.

Hey everyone, meet me Kevin here. Here's

a breakdown. First, Donald Trump was

asked, "Can we do better than a 15%

tariff rate for the European Union?" And

Donald Trump asked, "Does better mean

lower? Because if it does, the answer is

no." This is in response to hopes that

the European Union would be able to

achieve a tariff rate like what the

United Kingdom got, which was 10%. But

the United Kingdom essentially has a

trade surplus with the United States.

And so far, they're the only one who got

a 10% tariff. So far, everybody else

seems to sit at a baseline of 15%. if of

course your country is also willing to

invest in America and sort of open its

market up to America. Now what this

means has been a little blurred over the

last few days. Last week, Donald Trump

said that Japan and Japanese banks and

companies were going to invest $550

billion in the United States, giving us

discounted loans and equity positions in

companies of really Donald Trump's

choosing. really sort of like Donald

Trump's sovereign wealth fund funded by

the Japanese. Well, in the last 24

hours, we've seen the Japanese going,

"Uh, we don't know about that deal. If

an investment makes sense, maybe we

will." So, we're even getting blurry

information on deals that have already

sort of been crafted. But anyway, with

the European Union, it sounds like we're

probably going to end up at a low of

15%, if not maybe even slightly higher.

This is not what the EU is looking for.

The EU is hoping to make a deal today

and get this as low as possible,

suggesting this would be the biggest

trade deal ever. Donald Trump though

suggests there are three or four points

of fairness left over, including on

autos. Remember, the European autos

market is really primarily an export

market. Now, something to keep in mind

as well is Donald Trump does touch on

some other items. He talks a little bit

and we'll get back to trade in just a

moment, but he talks about how windmills

should not be allowed because they drive

whales loco

and then their bodies uh show up on

shore. He also talked briefly about the

Cambodia Thailand dispute which is now

on its fourth day of fighting. This

comes after Donald Trump already

announced ceasefire talks, but the

fighting hasn't ended yet and he thinks

that they want to settle and hopefully

they will. So, we'll see. Trump says

he'll use trade as a leverage tool here

as well. 32 have died and 200,000 have

been displaced in this fighting already.

When it comes to Gaza, uh Donald Trump

says we're going to do more aid. Nobody

ever says thank you to us and the

Israelis are going to have to make a

decision. So, we'll see. Part of this is

because a lot of people are now

frustrated with Israel that Israel has

essentially occupied the Gaza Strip now

for over two and a half years. And we're

still seeing famine and starvation.

There's talk that the Israelis and the

United States together are going to

increase aid and

essentially conduct more air drops or

allow more shipments of aid into the

region. But obviously a longerterm

permanent solution is needed and we're

still not at that position. A lot of

people say that hey the more this drags

on the more you end up recruiting

starving people into Hamas and the more

Israel is basically able to say ah see

more Hamas. So, it's kind of like what

came first, the chicken or the egg, the

starving and the crushing uh or or more

Hamas. This is hard to say at this

point. It's just disaster and it needs

to end. And so far, this has been a

frustration that a lot of people have

had with Trump. Trump's pitch has been,

"We're going to solve Gaza. We're going

to turn it into a paradise. We're going

to solve the Ukraine war within, you

know, 24 hours or before I even take

office." Obviously, neither of those

have happened. and we're going to solve

a trade deal with China, which now we're

hearing talk reported by the South China

Morning Post that China plans to meet

with the United States in Sweden this

week. So, we'll pop from Scotland to

Sweden and US is expected to extend the

90-day tariff pause that we have with

China because we're still not able to

finalize a real deal with China.

Instead, we'll stay at about a 55%

tariff. We'll extend our mineral exports

and maybe we'll throw in those H20

exports from Nvidia to China as well.

We're basically kicking the can down the

road here. So, so far a little weak on

completeness on a lot of these deals and

announcements. They say maybe we'll have

some more updates with the European

Union within the next hour or so. Uh but

so far markets obviously broadly don't

seem to care about any of this.

Volatility is at the lowest position

it's been in the last year. Uh, you

know, Bitcoin's very happy. In just the

last hour, uh, during Trump's talks, it

actually rose about $1,000. The market

is at, well, as we've talked about on

the channel, all-time highs. So, the

market broadly doesn't care about these

trade deals anymore or what's going on

with this geopolitical news. Uh, but a

lot of people are looking for solutions

and permanence. For example, why is our

US sentcom still intercepting weapons,

drones, and rockets being shipped from

Iran to the Houthis in Yemen? This is an

indicator of a yet still incomplete

uh resolution with Iran. We were told

that we were going to have talks with

Iran next week following the bombing.

That's next week following the bombing

that we conducted among upon, you know,

three of their facilities. Uh now there

is intelligence suggesting that maybe

only one of these facilities was fully

destroyed and two others are maybe just

set back a mere set of months. Iran is

resuming their weapon shipments to

terrorists in the region and we have not

held any talks with Iran. So, so far it

seems like there is a lot of cheering of

victory but little actual result of

victory and people are knocking on wood

hoping that things all end up working

out okay and we finally get the

solutions we're waiting for.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.