Scott Besant
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we're seeing that again and again because after I was on your show, I went down to my hometown, Charleston, South Carolina.
Boeing is expanding their Dreamliner factory there by 50% due to all the new orders that President Trump drummed up as part of the trade deals.
Every one of the trade deals, not only are we getting tariff income, but we are also encouraging ag purchases, substantial industrial purchases.
And, Steve, on the other side, with President Trump's leadership and Jameson Greer's encyclopedic knowledge of trade, he has just gone through and cut out all the tariffs,
that our American exporters pay and all the non-tariff trade barriers.
So we saw a big, in the third quarter of GDP, first time in years, we saw a positive contribution to trade instead of a trade deficit.
When I started in the investment business, 1980s, 1990s, trade always had a positive contribution.
Then after the China shock, it never did.
And I think we can get used to having a positive contribution
From trade instead of, as Ross Perot said, that giant sucking sound.
Steve, it's a complete understanding.
And it goes back to, I think it was 2018, when President Trump met with the head of NATO and said, why are you doing Nord Stream 2?
You are going to regret.
You're going to regret.
They had this cheap Russian oil, and they did.
So as I continually say, the Europeans are still sending money to Russia for energy in the ultimate amount.
You couldn't make it up.
It is so absurd.
They are financing the war against themselves.
And so it's the same kind of thing that I told when we were doing the negotiations with our European partners,