I get a call and they say, Tim Cook is on the phone. He calls. He said, could I see you, sir? And he's the head of Apple. And I was born in Queens. And I said, oh, the head of Apple wants to see me. Let's go. I guess even though I'm president, you know, still, I was born in Queens [00:00:15] and the head of Apple is calling. And by that time it was the largest company in the world. It was about tariffs. He said, you know, you're charging us 25% because I was going to charge them because we're out of China. And the problem is we can't compete with Samsung because they didn't have to pay [00:00:33] tariffs because they weren't in China. I said, I'm going to give you a waiver, and I gave him a waiver, but I'm saying I'm going to give you a one year waiver, but I want you to start building your plants in the United States. And he said, all right. And he actually did. He built one in Texas. Okay. So we're going to divine from that as much as we can, considering all of the slurring [00:00:50] and whatever the hell Samsung is. But anyway, that is Donald Trump. He's on the Patrick Bet-david podcast, and he's revealing this conversation that he apparently had with Apple CEO Tim Cook, better known as Tim Apple. But anyway, Tim Cook, in the second year of Trump's first term [00:01:05] where he wanted this, he wanted help with these tariffs basically. And so supposedly cook got a waiver on the tariffs as a result. Now we're going to talk more about this. I love the idea that like personal phone calls with the president results [00:01:21] in massive, lucrative business deals. I'm not sure that's exactly how it's supposed to work. But anyway, there is more to this. Take a look. Two hours ago. Three hours ago, he called me. He said, I'd like to talk to you about something. What? He said, the European Union has just find us $15 billion. [00:01:42] I said, that's a lot. I know the feeling because I get fined, too, and fake cases. But I don't know if his case is fake yet, but it's a lot. Then on top of that, they got fined by the European Union and another 2 billion. So he's a 17 to $18 billion fine. [00:01:58] I even said about Apple, can you pay that? I mean, do you have that kind. That's a lot of money. And he said something that was interesting. He said they're using that to run their enterprise, meaning Europe is their enterprise. And I said, that's a lot. [00:02:15] I said, but Tim, I got to get elected first. But I'm not going to let them take advantage of our companies. Okay. So on one level, more backroom dealings between Donald Trump and wealthy interests to get him elected, I guess so that he can hand over billions [00:02:32] of dollars worth of benefits to them. At least Donald Trump is so undisciplined that he just babbles about this on podcasts. That's fun. By the way, the fines that he's referencing there, the EU levied a $2 billion fine on April earlier this year over the company's control of the music [00:02:48] streaming industry via the App Store. Basically, it's a it's a monopoly case. They're saying that. And this is not the only one that Apple is facing, but in this area with music, $2 billion, the other 15 billion is in unpaid Paid taxes. And I love that Trump is, first of all, Trump, I guess, doesn't even know [00:03:05] what the money is about. He just knows it's a lot. It's like they find me. It's a lot. He talks like an idiot. But anyway, they didn't pay their taxes and so they're being fined to recover that tax revenue. Trump talks about that. That's how they pay for their enterprise meaning the EU. Well yeah taxes are [00:03:22] generally how governments are funded. I don't think it's as illicit as you're implying it is. And bear in mind Trump has been fined for fraud with his businesses hundreds of millions of dollars. So there is actually some similarity there. I guess I just don't know that that the the relationship that's being described [00:03:40] in this podcast is a healthy one or has much to do with helping out Americans that aren't already CEOs of companies, but thoughts? Well, let's look at his language there and what he's talking about. Oh, they're taking advantage of our companies. Apple, like many American multinational corporations, [00:03:59] had a headquarters in Ireland to take advantage of a low corporate tax rate. Through the double Irish system, that loophole is now closed, thankfully, and they're going back to get all of those unpaid taxes from when that loophole existed and American companies exploited [00:04:15] Apple's tax rate got so low in 2014, they paid 0.005% on profits. Does that seem fair? Do you think paying a little bit more is reasonable for one of the biggest companies in the world, a company now worth multi trillion dollars? [00:04:33] I think they'll be okay. They can afford 12 or $15 billion, but it shows where Trump's priorities are. For this guy to go back to our first story, the guy who's the savior of the working class, the guy who's from an outsider perspective, going to fight for the working person. What's his priority here? [00:04:49] Is it that, hey, whoa, maybe everyone should pay their fair share. No, it's this poor Multitrillion dollar company isn't going to pay less than 1% in corporate taxes anymore. My heart goes out to them. I feel so bad for them. And tariffs. [00:05:04] What? Where's this? Where is the prioritization of the American worker if they want to have their phones manufactured in China? Why aren't you making them bring all of their manufacturing back here? Why is it okay if one of the biggest companies in the world makes their products out of the country? [00:05:20] Do you care about workers or not? This would be a perfect opportunity for him to say, well, this is what I'm going to do. This is how I'm going to fight for the American worker. And of course, people like Patrick Bet-david don't really care about that. They only care about wealth and finances. No pushback. Nothing. [00:05:35] Okay. Well, whatever. We're moving on. I mean, yeah, and thank God that Trump was on the Patrick Bet-david Show podcast so that he knows. Okay, so if I need a favor, I'll just call you. And I guess if you're a businessman or woman who doesn't have your direct line, [00:05:55] you're, you're out of luck, right? Like it's so transactional and transparent so that if something like tariffs were to become a reality under a second Trump administration, it's the multinational corporations, it's the people with the most money. It's the Tim apples, it's the people with the most power [00:06:12] who can get on the phone and call him and get the, you know, exemption. But then, you know, smaller businesses again, who are also probably taxed at a fairer rate. You know what I'm saying? Like it's it's it creates more consolidation here. That's what you're looking at to see. [00:06:27] And it's the same thing with the broader problems with the tax structure writ large. It's billionaires who aren't paying their fair share. And yet a lot of people are making half a million, a million a year. They somehow think that they're in the same boat as, oh, don't tax us like, no, bro, you actually are paying much more of your fair share, even though [00:06:45] you make more money than a lot of us. It's the billionaires that we're talking about. And so the same thing with these tariffs and the same thing with these businesses, I just want to mention, you know, that apparently, Kamala Harris is and the campaign's adviser, [00:07:01] economic adviser Brian Deese, has been talking about actually retaining Lina Khan of the Federal Trade Commission, a woman who Apple hates. Obviously, Amazon and Google hate because they've actually been sued by the FTC under her, leadership. [00:07:18] Apple. Not yet. But again, Apple's face more music in the EU. Around again, unpaid taxes and then USB-C stuff and all of this. So they're terrified. And Kamala Harris literally, and Joe Biden are the reason that some of these big tech companies are actually being reined in for the first time. [00:07:35] Thanks for watching The Young Turks really appreciate it. Another way to show support is through YouTube memberships. You'll get to interact with us more. There's live chat emojis, badges. You've got emojis of me Anna John Jr. So those are super fun. But you also get playback of our exclusive member only shows [00:07:54] and specials right after they air. So all of that, all you got to do is click that join button right underneath the video. Thank you.