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Trump Lies About His Trade War with China: A Closer Look - YouTube
Channel: Late Night with Seth Meyers
[2]
-The president is ratcheting up
his trade war with China
[3]
and lying about what it means
[5]
for American companies
and consumers.
[7]
For more on this,
it's time for "A Closer Look."
[9]
[ Cheers and applause ]
[10]
鈾櫔
[13]
When it comes to foreign policy,
[14]
there are two things we know
about Donald Trump.
[16]
He wants to be liked by everyone
[18]
and he has no idea what he's
talking about.
[20]
That's why his description
of how he would conduct himself
[23]
in office was always
so incoherent.
[25]
During the campaign,
for example,
[26]
Trump insisted both that
as a businessman,
[29]
he could have good relationships
with everybody
[30]
and also that, as a nation,
we should be unpredictable.
[34]
-As a businessman, I get along
with everybody.
[37]
I have business
all over the world.
[38]
We must, as a nation, be more
unpredictable.
[42]
We are totally predictable.
[44]
We have to be unpredictable.
[47]
-No. You can't get along
with everybody
[49]
and also be unpredictable.
[51]
Nobody likes
their unpredictable friend.
[54]
Trump's like guy
who won't respond to texts
[56]
when you ask him for a ride
to the airport,
[58]
but then he shows up at your
door at 3:00 a.m.
[60]
with a handle of vodka
and a duffel bag.
[62]
And when you say, "Go home,"
he's like,
[63]
[ As Trump ] "I can't. I got
stoned and sold my apartment."
[66]
[ Laughter ]
[67]
[ Normal voice ]
Now we're seeing what
[68]
Trump's unpredictability
looks like
[70]
when it comes to imposing
tariffs on China.
[72]
China retaliated this week
with tariffs
[74]
and the escalating trade wars
hurt farmers
[76]
and sent the stock market
plummeting.
[77]
And yet, Trump has repeatedly
shrugged it off,
[80]
claiming our economy is strong
enough to handle a trade war
[82]
and insisting it's not
that big of a deal.
[85]
-So the economy is doing
very well by every measure.
[89]
We are having probably
the greatest economy
[91]
that we have had anywhere,
[92]
anytime in the history
of our country.
[96]
We are having a little squabble
with China
[99]
because we have been treated
very unfairly
[102]
for many, many decades.
[103]
-A little squabble
is not how you describe
[105]
a trade war with the world's
second largest economy.
[108]
That's language your dad uses
when he explains
[110]
why he's been sleeping in
a motel for the past few weeks.
[114]
"Your mom and I are having
a little squabble
[116]
over a photo of daddy
at a big boys' party
[119]
with a lady
who popped out of a cake.
[121]
[ Laughter ]
[122]
It's a squabble.
It'll be over soon."
[124]
Even some Democrats have been
in favor of using tariffs
[127]
as a temporary tool to get a
long-term deal with China
[129]
that helps American workers.
[130]
But one of those Democrats,
Ohio Senator Sherrod Brown,
[133]
expressed concern that Trump
was using the tariffs
[135]
as a permanent solution.
[137]
-I am very concerned
that the president
[139]
has not understood that tariffs
[142]
need to be a short-term tool
to get to a long-term policy.
[146]
He seems to think the tariffs
are the policy.
[149]
-Yeah. Tariffs are supposed
to be a temporary punishment,
[152]
not a permanent solution.
[153]
It's like if your kid
doesn't do their chores,
[155]
you send them to their room
for an hour.
[157]
You don't make them live there
for 30 years.
[160]
That's probably why these two
[161]
looks like they have
never seen the daylight.
[163]
[ Laughter ]
[164]
And then...
[ Cheers and applause ]
[169]
-...there are the Republicans
[171]
who have traditionally
opposed tariffs
[172]
and supported free trade.
[174]
Suddenly those Republicans
have gone very quiet.
[176]
And even when they express
mild concern to Trump,
[178]
their message
doesn't seem to get through,
[180]
like Iowa Senator Chuck Grassley
[182]
who represents a lot of farmers
hurt by Trump's tariffs.
[184]
Grassley told
"The Washington Post" yesterday
[186]
that he planned to write
a letter to Trump
[188]
to explain the concerns
of farmers
[190]
because he felt the argument
he had repeatedly made
[192]
to the president in person
was not registering.
[194]
I'm not sure if you
talk to him face to face
[196]
he hears everything you say.
[198]
And I do believe he doesn't hear
everything face to face.
[202]
I mean, have you ever seen
the way he looks in a meeting
[205]
when someone else is talking?
[206]
He hates it so much,
he literally hugs himself
[209]
as a calming mechanism.
[211]
[ As Trump ]
Don't worry, Donald.
[212]
The bad man will be done soon,
[214]
and then it will be your turn
to make noise with your mouth.
[217]
[ Laughter ]
[220]
[ Cheers and applause ]
[222]
[ Normal voice ]
So now Trump has us mired
[225]
in a damaging trade war
[226]
with the world's
second largest economy
[228]
that's pissing off both parties
and has no end in sight.
[230]
But as usual, he keeps insisting
[232]
that even though he
and the president of China
[234]
are fighting,
they still get along great.
[237]
-The relationship I have with
President Xi is extraordinary.
[240]
It's really very good,
[242]
but he's for China,
and I'm for the USA.
[245]
-And honestly, I'm just relieved
he knows what side he's on.
[248]
Trump's like a kid
in a youth soccer game
[251]
who gets confused about
what team he's on
[253]
and kicks it into the wrong goal
[254]
and Republicans are like
the helicopter parents
[257]
on the sideline
who cheer for him anyway.
[258]
"Yes, Bradley,
you choose whatever goal
[261]
you feel comfortable with!"
[263]
But you've got to give it
to Trump.
[264]
You've got to give it to Trump.
[265]
He might not know
how tariffs work,
[267]
but he definitely knows which
country he is the president of.
[270]
-President Xi,
he's a friend of mine.
[273]
And I'm a friend of his
and I like him a lot,
[275]
but he's representing China,
[277]
and I'm representing
the United States of America.
[279]
President Xi is for China.
And I'm for the United States.
[283]
He's representing China, and I'm
representing the United States.
[286]
He represents China.
I represent the USA.
[290]
He likes China,
and I like the United States.
[292]
He's for China. I'm for us.
[294]
President Xi,
he's a friend of mine,
[297]
but he likes China.
[298]
I like the USA.
[300]
-We all know that!
[302]
This is like if Steph Curry held
a post-game press conference
[306]
and just went,
"I play for the Warriors.
[308]
James Harden plays
for the Rockets. Goodbye."
[310]
[ Laughter ]
[312]
Now tariffs are basically --
[315]
basically tariffs are a tax
on imports from that country.
[319]
So the American companies
importing those goods
[322]
pay the tax, and they often
end up passing that tax
[324]
on to consumers, and yet Trump
keeps repeating the lie
[327]
that China will pay the tariffs
[329]
rather than American companies
and consumers.
[331]
He did it again last week
while simultaneously claiming
[334]
once again that he has
a great relationship
[336]
with the president of China.
[337]
-We were getting very close
to a deal.
[339]
Then they started
to renegotiate the deal.
[341]
We can't have that.
We can't have that.
[343]
So our country can take in
$120 billion a year in tariffs
[347]
paid for mostly by China,
by the way, not by us.
[350]
A lot of people try and steer it
in a different direction.
[352]
Ultimately, it's paid for
largely by China.
[356]
-Do you have plans to talk to
President Xi, or no, not yet?
[358]
-Well, he just wrote me
a beautiful letter.
[360]
I just received it, and I'll
probably speak to him by phone.
[364]
-Okay. First of all, you'll
probably speak to him by phone?
[368]
If someone sends you
a beautiful letter,
[370]
you call them.
[372]
That is just basic etiquette.
[373]
One time, my grandma sent me
a birthday card.
[375]
I didn't call her right away,
and later that day,
[377]
I got another card slipped under
my door that said,
[379]
"No phone call?"
[381]
And she included a bill
for the $5.
[385]
Second,
Trump has the weird thing
[387]
where he's obsessed with getting
beautiful letters from people.
[390]
He said it multiple times
about everyone
[392]
from Kim Jong-un
to Vladimir Putin
[393]
to the former Director
of National Intelligence,
[395]
James Clapper,
and even President Obama
[397]
shortly after he took office.
[398]
-"James Clapper, who famously
got caught lying to Congress,
[401]
is now an authority
on Donald Trump.
[404]
Will he show you his beautiful
letter to me?"
[406]
-Putin even sent me a present,
[407]
a beautiful present
with a beautiful note.
[410]
-A letter was given to me
by Kim Jong-un,
[414]
and that letter
was a very nice letter.
[417]
Oh, would you like to see
what was in that letter.
[419]
-I just showed a letter
that I received just yesterday
[424]
from Chairman Kim which
is an extraordinary letter.
[427]
-I just went to the oval office
[430]
and found this beautiful letter
from President Obama.
[435]
-This was the letter
[438]
given to me by President Obama.
[440]
It was long. It was complex.
[444]
It was thoughtful.
[445]
-[ As Trump ] And I didn't
understand a word of it.
[447]
[ Laughter ]
[449]
I just know...
[450]
[ Cheers and applause ]
[455]
I just know it was...
[456]
It was shaped like this.
[460]
[ Normal voice ]
His obsession with letters
[461]
makes him sound like
a Civil War wife.
[463]
[ Older Southern accent ] I just
got the most beautiful letter
[465]
from Beauregard.
[467]
[ Laughter ]
[469]
[ Normal voice ]
Also, why is Trump
[471]
always carrying
these letters around?
[475]
Is that why his coat's
always so bulky?
[477]
He's just packed full of mail
everywhere he goes?
[481]
Terrible president, but he'd
make a great mailman.
[484]
I can totally see him --
shorts, high socks,
[486]
tugging around a mail sack.
[488]
[ Cheers and applause ]
[493]
But the important part
of that clip
[495]
is the part where Trump claimed
that China
[496]
and not the U.S. companies
would pay the tariff.
[498]
It's a lie he's been repeating
for years.
[500]
And on Sunday,
Fox host Chris Wallace
[502]
got Trump's chief economic
advisor, Larry Kudlow,
[504]
to admit that it was a lie.
[506]
-It's not China that pays
tariffs.
[509]
It's the American importers,
[512]
the American companies
that pay what, in effect,
[514]
is a tax increase,
[516]
and oftentimes, passes it on
to U.S. consumers.
[519]
-Fair enough. In fact,
both sides will pay.
[522]
Both sides will pay in these
things, and, of course --
[525]
-If it's a tariff on goods
coming into the country,
[528]
the Chinese aren't paying.
[529]
-No. But the Chinese
will suffer GDP losses
[533]
and so forth with respect
to a diminishing export market
[537]
and goods that they may need
for their own --
[539]
-I understand that,
but the president says
[542]
China pays for the tariffs.
[544]
They may suffer consequences,
[546]
but it's U.S. businesses
[548]
and U.S. consumers who pay,
correct?
[550]
-Yes, to some extent.
I don't disagree with that.
[553]
-Oh, Larry, you just admitted
[555]
that Trump is a liar
on Fox News.
[557]
You're gonna have to
apologize to him,
[559]
and I have a feeling I know
how you'll do it.
[561]
[ As Trump ] I just got
the most beautiful letter.
[563]
Larry Kudlow says
I'm not a liar.
[566]
Let me just find it
here in my mail coat.
[570]
This one's from Putin.
[572]
Obama. Oh!
[574]
Pottery Barn.
[575]
[ Laughter ]
[577]
[ Normal voice ]
So Trump's antagonizing China
[578]
in a costly trade war
that no one wants,
[580]
Democrats and Republicans
are both unhappy,
[581]
and the stock market
is plummeting.
[583]
And it really seems like Trump
[584]
is feeling increasingly isolated
[586]
because during a speech to
workers in Louisiana yesterday,
[588]
he went out of his way to insist
[590]
that the U.S. doesn't need
any help from other countries.
[592]
-You are not only making
our nation wealthier,
[596]
but you are making America safer
[599]
by building a future
of American energy independence.
[602]
We are independent.
We don't need anybody.
[606]
We don't need anybody.
[608]
-Oh, boy. Really feels like
he's projecting there.
[611]
Should be eating out of a tub
of ice cream
[614]
on his sofa talking to his cat.
[615]
[ As Trump ]
We don't need anybody.
[618]
Isn't that right, Mike Pence?
[621]
[ Laughter ]
[623]
[ Applause ]
[624]
Oh.
[628]
Oh, that's a good boy.
[629]
Oh, you're a good boy.
[631]
You're a good boy, Mike Pence.
Yes.
[633]
People say you're a boring,
dead-eyed cat,
[635]
but I love you, Mike Pence.
[637]
[ Laughter ]
[638]
[ Normal voice ]
Even on his core issue,
[640]
the thing that he claimed
he'd be able to fix,
[641]
Trump has no strategy
and no idea what he's doing.
[644]
He spent two years
talking about trade with China,
[646]
and he's gotten nowhere.
[647]
All we have are costly tariffs
[648]
and the only thing Trump
knows for sure is...
[650]
-He likes China. I like the USA.
[652]
-This has been "A Closer Look."
[654]
[ Cheers and applause ]
[655]
鈾櫔
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