Video Description transcript
Donald Trump holds press conference on mutual tariffs for US trading partners
It’s a beautiful simple system and we don’t have to worry about too many or too few bills, um, is India on the top of the pack? There are actually more, but India is very, very, they charge incredible tariffs. Building here, there are no tariffs at all. I think that’s what happens. I think our country is overflowing. work. Let’s see what happens. I really don’t know what will happen. We know that jobs are produced at levels never seen before. We think that interest rates will eventually come down for what will happen and they are closely related to tariffs, but we have to pay some things, a lot of things , I think it’s all about it, and eventually it goes down. What is the earliest date do you think customs duties actually go into effect? Well, I’ll probably say I’ll ask Howard to answer. Because he will be the one who implements it. What do you think? All of our research needs to be completed by April 1, so we will hand the president an opportunity to start on April 2 if he wishes. So I think we’re ready to go on April 1st, and we’ll hand it over to the President and he’ll make his decision. But don’t forget that if they drop tariffs, American prices are falling. You have previously spoken about the EU’s VAT and your concerns about how the EU will treat you. Are you thinking about a lot in the European Union? Do you have any ideas as to where those numbers will land? Well, what they are now is that they have a 20% VAT tax. We believe this is similar or the same as tariffs. Plus, they charge a lot and you know they’re doing something else. The European Union was extremely tough for our company. They sued Apple, Google, and Facebook. They sued many other companies and American companies, and the types of numbers are phenomenal. Canada will be a very interesting situation. Absolutely I say it, and sometimes people smile, sometimes they say great ideas. Well, Canada, their taxes will fall a lot. Security will increase dramatically. Something surprising happens to this particular Canada and truly Canada, but why do they pay $200 billion a year in subsidies to Canada when they’re not a province? It’s the most beautiful, and I tell you what I think is truly mutual tariffs, these two words, uh, mutual mutual mutual mutual makes tariffs really fair. This will ultimately become a car company and a chip company. In this country, you need to virtually everything that’s made in Taiwan, virtually everything that’s made in Korea, but almost everything that’s made in Taiwan, and we make it I would like to do it. We hope that these companies will come to our country with all respect. When we straighten it all, I want to have one of the first meetings with President China XI, Russian President Putin. And I would like to cut our military budget by half. And we can do that. If BRICS wants to play games, those countries will not trade with us and we will not trade with them.
