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00:00And I think it's a very important thing, and you'll be seeing this over the next, probably
00:06over the next two years, to be honest, but you're going to see a lot of it over the
00:10next couple of weeks.
00:11A lot of big ones are going to be announcing.
00:14And so while we're here, I guess we can take a couple of quick questions.
00:17Go ahead, please.
00:18Please.
00:19Mr. President, have you decided specifically what the auto tariff rate should be?
00:24Yeah, I probably will tell you that on April 2nd.
00:28But it'll be in the neighborhood of 25 percent.
00:31What about semiconductors and pharmaceuticals?
00:34It'll be 25 percent and higher, and it'll go very substantially higher over the course
00:38of a year.
00:39But we want to give them time to come in, because, as you know, when they come into
00:42the United States and they have their plant or factory here, there is no tariff.
00:48So we want to give them a little bit of a chance.
00:50Yes, thank you.