If (hypothetically) Canadian oil were not available, many US refineries would struggle to find heavy crude elsewhere, and they might even stop operating in such a scenario. Historically, Venezuela had been a large producer of heavy crude, but Venezuela’s oil industry is a shadow of its former self,
It was at 40%, and I got it down to 21%, the corporate tax,
They make it very difficult to bring products into Europe, and yet they expect to be selling and they do sell their products in the United States. So we have, you know, hundreds of billions of dollars of deficits with the EU, and nobody's happy with it. And we're going to do something about it."
From the standpoint of America, the EU treats us very, very unfairly, very badly,
They want to be able to compete better, and you can't compete when you can't go through the approval process faster. There's no reason why it can't go faster ... I'm trying to be constructive, because I love Europe."
So certainly there is scope also to discuss how we further strengthen also our military cooperation and military-industrial cooperation,
Europe cannot let itself be pushed around, and will have to take retaliatory measures,
Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens."
But he's not bluffing,
We'll straighten that with either tariffs, or they have to buy our oil and gas,
We should be determined to fight, determined to push back if needed, but ready to compromise,
When the time to negotiate comes, we will be pragmatic in seeking common ground. But I also want you to know that we will always stand by our European principles,
They are going to be in for tariffs… It’s the only way you’re going to get fairness,
They don’t take our cars at all. They don’t take our farm products, essentially. They don’t take very much. We have a $350 billion deficit with the European Union. They treat us badly so they are going to be in for tariffs,
This relationship is so massive and so important that we just have to treasure it. We just have to look at how we can improve it,
We listen very carefully to the messages coming from there, from the White House,
But don't be naïve, there is probably a new shape of the world and of trade systems for tomorrow, so we have to be ready to change, but first of all we have to be united,
Our Polish relations with the U.S. are very, very good and, as you said, we are buying lots of U.S. military equipment, tanks, fighter jets. Actually, you name it, we buy it,
But, as a European Union, of course we must and we will remain united in our relations with the U.S.,
Europe is a very powerful continent in terms of industry, in terms of savings, in terms of purchase power, in terms of the single market. So, what we need now is to create more unity and to defend our values as well,