During Tuesday’s White House press briefing, Press Secretary Karoline Leavitt answered questions about tariff negotiations and the projected revenue the White House will make from Trump's tariff rollout.
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00:00Thanks so much, Caroline. A couple questions for you. The first one being, can you explain the White House's evolution from this is not a negotiation on tariffs to countries should pitch us and start negotiations on tariffs?
00:12Sure. As the president said yesterday, Jasmine, both things can be true at the same time. And it is a non-negotiable position that the United States has faced a national security and economic crisis because of the unfair trade practices by countries around the world.
00:26As for the president, I have maintained this position. The entire administration has always said that President Trump is willing to pick up the phone and talk.
00:33And the president met with his trade team this morning and he directed them to have tailor made trade deals with each and every country that calls up this administration to strike a deal and listen.
00:45And each and every one of these trade deals should be tailored and unique based on that country's markets, based on that country's exports, the imports here in the United States of America.
00:55What makes the most sense for the American worker and for our industry? The president is focused on putting America first.
01:02So was the evolution not factored in or determined by kind of the tumult in the stock market? Was that not part of the consideration to start making these negotiations and deals?
01:13Again, I would reject that there was an evolution. On day one, we had said that the president will always pick up the phone for other nations and other companies that call this administration.
01:22The president always has a listening ear. And it's a non-negotiable fact that America has faced a national security and economic crisis for many decades.
01:31And President Trump is just the first to address this.
01:33And then my last question. How will negotiations change how much revenue the White House is planning to make from the tariffs?
01:39Well, that has yet to be seen. But as the president said, the reciprocal tariffs, which will continue to go in effect as these deals are negotiated and ongoing, will generate trillions of dollars in revenue to the United States.
01:51And this is twofold. The president wants to onshore jobs here to the United States of America. He wants to boost our manufacturing industry.
01:58He also wants to tackle these crippling deficits with almost every single country around the world. Jackie.
02:04Thanks, Caroline.
02:05Thank you, Caroline.