#tnworld

0:21at the annual Congress of Italy's League

0:23party in Florence urging for a zero

0:26tariff trade zone between the two powers

0:34Musk's address came just days after

0:36Trump unveiled new 20% tariffs on the

0:39European Union including Italy which

0:41runs a large trade surplus with the

0:44United

0:47States The mass immigration is insane um

0:51and will lead to the destruction of any

0:53country that allows um unfettered mass

0:57immigration that country will simply

0:59cease to exist Um at the end of the day

1:03it is a numbers game a numbers situation

1:07Um if there are eight billion people in

1:09the world and uh you let's say you're a

1:13country of you know 50 million 60

1:16million um or you know for a

1:19medium-sized country or but even for a

1:21country like the United States which is

1:22350 million uh given that there are 8

1:25billion people in the world it only

1:28takes a few% of the rest of the world to

1:30move to the country to where it is no

1:32longer that country

1:35A country is not its geography A country

1:38is its people

1:41[Music]

1:42Speaking with League leader Matteo

1:44Salvini Musk laid out his vision for a

1:47more open economic future not just for

1:49goods but for people too

1:55I I hope that

1:57um I hope I hope that the United States

2:00and Europe uh can establish a very close

2:05partnership Uh we obviously are there's

2:09an alliance already but I'm hopeful that

2:11there can be a very close relationship

2:13with America and Europe

2:16Um and uh I'm hopeful for example with

2:19the tariffs that that uh at the end of

2:21the day it I hope it is agreed that both

2:25Europe and the United States should move

2:28ideally in my view to a zero tariff

2:30situation effectively creating a free

2:32trade zone between Europe and North

2:35America Um and uh that that would be my

2:40that's what I hope I hope occurs

2:43Um and also uh more more freedom of

2:46people to move between Europe and North

2:48America if if they wish if they wish to

2:51work in Europe or wish to work in

2:52America they should be allowed to do so

2:55in my view Um so that that has certainly

2:59been my uh advice to the president

3:04The League part of Italy's ruling

3:06coalition has long promoted protection

3:08of national industry but now finds

3:11itself aligned with Musk's call for

3:13greater transatlantic cooperation at

3:15least when it comes to

3:18[Music]

3:20tariffs We compete on the quality of the

3:22product and it is unrivaled So there has

3:25to be a negotiation with the American

3:27government It will be complicated

3:29complex delicate but it's better to talk

3:33than to make

3:36war Musk's remarks reflect a growing

3:38alignment between far-right European

3:40parties and proTrump figures in the

3:43United States He has previously voiced

3:46support for Italy's Prime Minister

3:48George Maloney and continues to back

3:50leaders who oppose mass immigration and

3:53state overreach

3:55Hello President Trump Are you looking to

3:57buy or leave in Florence Musk warned

3:59that rising global tensions and economic

4:01protectionism could damage long-term

4:04prosperity and pressed for a stronger

4:07freer economic alliance between the

4:09West's biggest players

4:12[Music]

4:13Italy's economy minister Gian Carlo

4:15Georgetti has also weighed in calling

4:18for deescalation after Trump's tariff

4:21move and cautioning against tit fortat

4:24measures that could spark a wider trade

4:29war As Europe reacts to Trump's new

4:32tariff strategy voices like Musk are

4:35reshaping the conversation blending free

4:38market advocacy with hardline

4:40immigration views and forging ties with

4:43nationalist leaders across the continent

4:55[Music]

5:12[Music]

5:18Heat Heat

5:22[Music]

5:33[Music]

“Ukraine is the absolute loser in this,” Sachs said, suggesting that Trump could pursue a deal with Putin to partition resource-rich regions of Ukraine. Drawing parallels to colonial-era land divisions, Sachs warned that such a move would mark a dramatic shift in U.S. foreign policy and reflect a deeper belief within the Trump administration that America can no longer maintain its global hegemonic role. #jeffreysachs

Transcript

0:00before we leave America and go to other

0:02parts of the world including this one

0:05can you Jeff

0:07comment on the following

0:10statement

0:12that

0:14Trump probably has a deep fear and worry

0:20and

0:21recognition that America is no longer

0:26the hgeimon no longer the number one

0:29player

0:30in the world in many areas although

0:33overall I think by far America is still

0:35the number one but the fear in him is

0:41perhaps driving a lot of the decisions

0:44that he makes uh so he's not speaking

0:47out of uh inward strong belief of their

0:51own success rather it is a strong belief

0:55of America's

0:57uh waning in a relative sense uh is that

1:02your reading of the situation sorry

1:04you're just finishing the appetizer uh

1:07we all will express our sympathy to you

1:10toward the end of this session

1:14it's a very good question of what Trump

1:17himself views and

1:19what the the political

1:22elites view uh the situation

1:27um thank you

1:31marco

1:32Rubio said one clear direct

1:38uh correct and honest statement when he

1:42said "The

1:43unipolar world is

1:46over." That's probably the single most

1:49important statement that's been made in

1:51the American political scene in the

1:54Trump administration

1:56it wasn't contradicted no one jumped up

1:59and said "Oh Marco you're too

2:01pessimistic or why are you saying that?"

2:04So I think that there is a real

2:08understanding yes there are multiple

2:11powers and uh yes the United States is

2:15no longer in charge

2:19i don't know what implication

2:22uh they take from that and how much

2:25Trump's actions are in some response to

2:29that i think there are several points

2:33that are

2:35uh that do follow that we could trace

2:39one as I said Trump is not interested

2:43in the Ukraine war at all so he would

2:48like it to end he's in no position to

2:51ask for more financial support for

2:55Ukraine in any event

2:57so that's why the war will end one way

3:01or

3:01another but he probably also understands

3:06we're not defeating Russia uh and so the

3:10whole point is uh pretty useless to be

3:14having this war

3:17that's a reflection of reality uh in

3:19this

3:21sense but he t take another implication

3:25of that one implication is he'd like to

3:27devo he he's happy to divide the spoils

3:31of Ukraine with Putin you take these

3:34minerals we'll take these minerals so

3:37they're they're dividing up Ukraine

3:39ukraine is the is is is the absolute

3:44loser in this predicate French and

3:48Britain used to do in the Middle East

3:50this is basically this is basically what

3:53Trump is is doing or trying to do i

3:56don't think it can work so crudely as uh

4:01as Trump believes but that's the level

4:04at which is this is being done he and

4:08Vladimir will divide Ukraine

4:11and will end the conflict and we'll

4:14respect each other on that but then

4:18Trump is also asking how can America

4:22regain its its

4:25strength and he comes up with multiple

4:28answers one answer that he's

4:31absolutely dead serious about is

4:34recognizing that because of global

4:37warming ironically the northern route

4:40and the Arctic has been opened up and

4:43the United States is not an Arctic

4:45country other than a small stretch of

4:49Alaska and so Trump

4:52absolutely believes that Canada needs to

4:56belong to the United States and

4:58Greenland needs to belong to the United

5:00States that is not rhetoric it's not a

5:04joke it is obscene but it is not a joke

5:08uh and the reason that he wants it is

5:13that the Arctic has become a strategic

5:17part of the world because it's no longer

5:20an icebound wilderness it's now going to

5:24be central for international trade and

5:27resource development and so that's where

5:29that comes from so

5:32that's a a kind of limited imperialism

5:36it's a western hemisphere imperialism

5:38that Trump is actually trying to invoke

5:44again I think the US probably will

5:47militarily occupy Greenland during his

5:51uh

5:53administration that's an invasion of

5:55Europe i bet that it will take place i

5:58don't think the US will occupy Canada

6:01but I do think that with the 50,000

6:04people of Greenland the United States

6:06may just decide it's going to take

6:09Greenland and that's that it won't stand

6:12it won't work for the longer term it

6:15will be a disaster but it could very

6:18well happen so that's the kind one kind

6:21of response trump

6:24also I'm sure believes that the tariffs

6:28are necessary for America to restore its

6:32greatness in some sense and probably

6:36what he has in mind is we don't produce

6:38enough steel and aluminum to build our

6:43uh arms industry and so forth and we

6:47can't compete with China uh unless we

6:50restore basic heavy industry so I think

6:53that that is uh he doesn't express it in

6:57a very clear way and the tariff policy

7:01is an absurd way to approach this and

7:04it's going to fail but it's probably on

7:07his mind in the way you're saying Ronnie

7:09that um that this is part of the

7:12rebuilding process for the US

7:16the problem that I have with all of that

7:19is I've never seen more illiterate

7:24economic

7:26policy be it's not even policy that's a

7:30grandiose term for what passes as a

7:33thought process day by day we have no

7:39institutional We have no institution in

7:42the United States asking the question

7:46about industrial policy or strategy none

7:50we have no planning agency we have no

7:55NRDC uh NDRC um we have uh no uh economy

8:02ministry we have

8:05no

8:07institutional process thinking about

8:11America's economic future

8:13because this is not how it's done in the

8:16United States the only industrial

8:18planning we have in the United States is

8:19the Pentagon uh and that's to build you

8:22know F-35s and so on it's not to do

8:26infrastructure or economic

8:28revitalization so what Trump is doing is

8:32complete

8:34improvisation you cannot run a $30

8:37trillion economy on

8:40improvisation but that's literally what

8:42is happening right now uh in terms of

8:45government policy we don't even have

8:47congressional hearings where ideas are

8:50discussed where experts testify we don't

8:53have white papers we don't have green

8:55papers we don't have any process of

8:58thinking right now we have edicts from

9:02the White House that's a very strange