'THAT'S A LOT OF JOBS': Trump reveals Xi Jinping committed to ordering 200 BOEING JETS

[0:00] Meeting face to face in Beijing, President Trump and Chinese President Xi Jinping holding talks on issues that could impact not only the 1.7 billion people in both countries, but the entire world. [0:13] The White House says the two leaders discussed the Iran war, stopping the flow of fentanyl and enhancing economic cooperation. [0:20] President Trump revealing the major trade breakthrough in an interview with our own Sean Hannity. [0:26] What does he want from the U.S.? [0:27] A lot of things we talked about. We talked about a lot of things, too many things to discuss, but a lot of things. [0:35] We had a very good meeting, but we want things from them. [0:39] One thing he agreed to today is going to order 200 jets. That's a big thing. Boeing. [0:45] Boeing. [0:45] 200 big ones. That's a lot of jobs. That's a lot. Boeing wanted 150. He got 200. [0:54] He said sort of I think it was a commitment. I mean, you know, sort of like a statement, but I think it was a commitment. [1:00] So all of this comes as over a dozen of the top American business leaders get a once in a lifetime chance to sit down with the leaders of the world's second largest economy. [1:11] Joining us now is Shark Tank star and chairman of O'Leary Ventures, Mr. Wonderful himself, Kevin O'Leary, is here. [1:17] Kevin, welcome to you. [1:19] Obviously, these business leaders, this is a huge opportunity for them to sit down in front of what is the second largest economy in the world. [1:28] What do you see happening here? And do you expect a lot of good to come from this for the United States economy? [1:34] It's an ongoing narrative. It has been going on since the year 2000 when China entered the WTO. [1:40] The problem is, and it's been documented so many times, they don't play by the rules. [1:45] And so these companies who are doing business there are finding all kinds of problems, although they really want access to that massive market. [1:51] There's no question about that. It's just their IP gets stolen all the time. [1:55] They can't litigate when they have a dispute. There's no way to resolve it. [2:00] The Chinese use the American courts to litigate their interests here and in the U.S. and many other things they do here, the TikTok story for it. [2:10] And now they're doing that again with other proxies. But we don't have the same rights in China. [2:16] You can't use those courts. And so a lot of this discussion is to try and balance the playing field. [2:21] And one would hope that could happen, but it never has. [2:25] And so that's why Trump is using tariffs, trying to squeeze them into submission. [2:29] We'll see what the next round looks like. [2:32] I think that's fair. Here's the readout that we got from that bilat meeting from the White House. [2:37] President Trump had a good meeting, as they describe it, with President Xi. [2:41] The two sides discussed ways to enhance economic cooperation between our two countries, [2:45] including expanding market access for American businesses into China and increasing Chinese investment into our industries. [2:52] Here's Secretary Besant making the case this morning in a new interview for China to open up. [2:58] Listen. [3:00] There are plenty of things that the Chinese could invest in in the U.S. [3:05] And we're trying to push the same thing in the U.S. [3:08] President Trump today told Xi Jinping that he wants to open up China and China should open up. [3:15] What does that look like to you, Kevin? [3:17] You really want the big industries. [3:20] Obviously, chip sales, NVIDIA is there. [3:23] AI is a huge, huge competitive industry now between China and the U.S. [3:28] Because the country with the best AI gets the best medicine, best education, of course, the best defense. [3:33] And we're worried about China. [3:35] They want to beat us on AI, data center issues, all this stuff. [3:39] Secondly, automotive is huge. [3:41] China is starting to dump low-cost electrical vehicles all over the world. [3:45] Access to the U.S. market they would like. [3:47] That's an issue. [3:48] And then, of course, commodities, rare earth. [3:50] There's a plethora, a huge, long list of issues between the two countries. [3:55] And it would work just fine if China would basically play by the rules of the WTO. [4:00] But they just don't want to. [4:02] And they don't care. [4:03] They play the long game. [4:05] They know that presidents come and go every four to eight years. [4:08] And they don't have to worry about elections over there. [4:11] Once you're the supreme leader, you're there pretty well forever. [4:15] You mentioned NVIDIA and the CEO as one of the many CEOs that are traveling with President Trump there in China. [4:22] This is Democrat Senator Chris Coon sharing concerns about that on Capitol Hill today. [4:28] Listen here. [4:28] I'm concerned that he's got Jensen Huang on this trip with him, the CEO of NVIDIA, because he intends to make a chips for beans deal where we will license even more advanced AI chips in exchange for a temporary benefit like a purchase of soybeans. [4:44] You share in any of those concerns, Kevin? [4:46] I don't worry about the actual firmware stack. [4:50] I would want every country to be using American chips so that the programmers there are held at bay by our technology. [4:59] But that's not really what's going on right now. [5:01] The Chinese are actually trying to develop this on their own. [5:05] They are beating us in developing a larger electrical grid in China very, very, very quickly because they don't have any permitting problems. [5:13] And the other area that people have been talking about directly concerning these chips is they have much more compute power. [5:19] They're building data centers at a rate that's four times ours. [5:23] We have more data centers, but they're catching up very quickly because ours are small. [5:28] They're building the campuses for AI training. [5:30] And that's what got a lot of senators concerned, because the minute you have the best AI for predictive analysis and control of ordnance and robotics, you become a fierce country in terms of warfare. [5:41] And we don't want them to get there first. [5:43] They're doing a lot here. [5:45] They don't use TikTok anymore, but they're finding American proxies to actually get this big issue all over the country. [5:51] Every time you try and develop a data center in Maine or in Michigan or Texas or in Utah, for some reason, social media just blows up on you. [6:01] And really, I've been doing a lot of research on this in the last week. [6:05] It happened to me on May 8th. [6:08] Wow. [6:09] All really good points and a lot to think about there. [6:12] And I was amazed at watching the video of all the CEOs and presidents, all the sodas that were being poured at that dinner last night, Coca-Cola, ginger ale, and more. [6:23] Kevin, great to see you. [6:24] Thank you very much for the discussion.