At a campaign event in Grand Rapids, Michigan on Saturday, former President Trump spoke about how he leverages foreign nations by imposing tariffs.
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NewsTranscript
00:00I proudly imposed a 27.5 tariff on all Chinese auto imports to keep China and Chinese cars,
00:09keep them out of America.
00:10You don't sell a lot of Chinese cars in here because of what, and if you did, it'd be fewer
00:16cars that you made.
00:17We're going to bring back the auto industry because of, we're going to bring it back.
00:22We're going to have them.
00:23If they want to come in and sell us cars, they can, but they have to build plants here
00:27and they have to hire our workers and that's fine and nobody can say anything about it.
00:32Under the radical Democrat policies, the US auto industry is being decimated.
00:38You know, we lost 64% of our industry over the years, 64%.
00:42We were a giant and now they're made, a lot of them made in Mexico.
00:46Mexico has taken 35% of the auto industry and we did something very strong.
00:52We did something very strong with Mexico, but you know, when I was building the wall,
00:57I said, you have to give us 28,000 soldiers.
01:01And they laughed at me.
01:02I hate when people laugh at me.
01:04I hate it.
01:05I hate it.
01:06No, it's so disrespectful.
01:07They laughed at me.
01:08We won't do that.
01:09Why would we do that?
01:10I said, because you have to.
01:11We're building the wall.
01:12People are flowing in through your country.
01:14We want 28,000 soldiers to protect us while we're building the wall.
01:18They said, no, no, no.
01:20And then they said, after I said, look, here's a story.
01:24If you don't do it, we're going to charge you a 25% tariff on every car that you send
01:29into America.
01:32And then it's going to 50% next month.
01:35Then it's going to 75% and then it's going to 100% and then I'll stop.
01:42And the gentleman representing the president, the president is a great guy.
01:45He's no longer president, but he's a great guy.
01:47He was a great guy, still is.
01:49But he said, I'd like to discuss this with the president.
01:53I said, five minutes.
01:54I got to go.
01:55I have something much more important to do.
01:58And he came back.
01:59He said, Mr. President, we would love to give you soldiers to protect your wall.
02:04Free of charge, of course, free of.
02:06That's how I got those great numbers on that beautiful, beautiful graph that we talk about.
02:13They gave us everything I wanted.
02:14I got everything from Mexico.
02:16And then this stupid person, low IQ.
02:19He's a low IQ individual.
02:21Take his IQ.
02:22I guarantee you it's in the low 50s or 60s.
02:27And he's negotiating against Putin, President Xi of China, Macron of France.
02:33Very smart guy.
02:34I told him he was going to do something very bad to our country.
02:37I said, that's OK.
02:38You can do it.
02:39But I'm going to put a 100% tariff on all wines and champagnes that come in from France.
02:45He said, no, no, no, Donald.
02:46You cannot do that.
02:47I said, I'm doing it.
02:48Donald, you cannot do that.
02:50That's not fair.
02:51We charge our companies 25, American companies, 25% for doing nothing, for being in France.
02:57Big deal, right?
02:58Big deal.
02:59So I said, OK, that's all right.
03:00I'm charging you 100% tariff.
03:02I gave it to all my people, Mnuchin, all smart guys.
03:05They came back.
03:06Sure, they won't do it.
03:07They won't budge.
03:08I said, they'll budge.
03:09I called them up.
03:10And I talked to the president of France, Emmanuel Macron, who's a nice guy, I said.
03:14But he's, you know, he likes France.
03:16I like the USA.
03:17Does that make sense?
03:18I said, Emmanuel, it's so nice to talk to you.
03:22I understand you're going to charge our cut.
03:24You're going to charge our companies 25% Emmanuel.
03:27Yes, yes, yes, Donald.
03:29It was approved by whoever the hell approves the parliament, whatever the hell they have
03:34over there.
03:35They were going to approve it.
03:36It's been fully approved.
03:37Yes.
03:38I'm so sorry.
03:39I said, well, that's OK.
03:40You can have it approved.
03:41But here's the story.
03:42Starting tomorrow morning at seven o'clock, every bottle of wine and every bottle of champagne
03:46that shipped into the United States is going to have a 100% tariff on it.
03:51No, no, no.
03:52You cannot do that.
03:53That is not fair.
03:54I said, not fair for you to charge our companies 25%.
03:58He said, you cannot do it.
03:59I said, I'm signing the papers now.
04:01I will call you right back.
04:03Calls me back.
04:04Donald, we would be delighted, Mr. President, to take that tax off.
04:08We have decided to take it off.
04:09It'll be off by tonight, sir.
04:10It'll be off by tonight.
04:11It'll be off by tonight.
04:16And it was off.
04:18And it was off.
04:21You think Joe Biden does that?
04:25He doesn't know what the hell he's doing.