Jammu and Kashmir Pahalgam Terror Attack Last rites underway of Navy officer killed in terror attack
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00:00And I wanted to ask you, Mr. President, because you said you want to bring the tariffs on China down soon.
00:06How soon do you want to bring the tariffs on Chinese goods down?
00:10Well, that depends on them. We have a situation where we have a very, very great place.
00:17It's called the United States of America, and it's been ripped off for years and years.
00:22These people know it. We talked about it before you came in.
00:25We've been ripped off by every country in the world, practically, friend and foe.
00:30And we will not do that anymore.
00:33So what's happened is we've Howard, how many countries have we spoken to already?
00:38Ninety. Ninety.
00:42And they all want to make deals. We're going to make deals, but they're going to be fair deals.
00:48They're not going to be rip off deals. And, you know, we were losing almost five billion dollars a year.
00:54No country can do that. And now we have it down almost even maybe even better than even.
01:00Because of the tariffs on cars and aluminum and steel.
01:03We have tariffs 25 percent on cars, aluminum and steel.
01:07There's a rush to build new steel plants, a rush to build new aluminum plants, and a biggest rush I've ever seen, that we've ever seen, to build car plants.
01:17We have like 11 of them or something, big ones, where you guys maybe work.
01:21Maybe you won't want to work. You'll do something else instead of that.
01:24But if you like cars, you'd like to work on one of these plants, the biggest plants in the world.
01:28Three of them have left Mexico before construction started, one of them during construction.
01:33And they're coming to this country. They're coming back.
01:36Don't forget, and we get along great with Mexico, but Mexico took 32 percent of our car building business.
01:43So it's amazing what's happened.
01:46And in the end, I think what's going to happen is we're going to have a great deal.
01:50And by the way, if we don't have a deal with a company or a country, we're going to set the tariff.
01:55We just set the tariff. It's something that we think that will happen, I'd say, over the next couple of weeks.
02:00Wouldn't you say? I think so. Over the next two, three weeks.
02:03We'll be setting the number.
02:05For China.
02:06And we're going to pick, could be for China, too. Could be for China.
02:09We'll be dealing with almost all of them.
02:11Too many to fully deal with, but we're going to be fair to them.
02:15But we're dealing with a lot of countries right now.
02:17And could be with China, but maybe we'll make a special, you know, a deal.
02:23And we'll see what it will be.
02:24Right now, it's 145 percent. That's very high.
02:27It got there because of the fentanyl.
02:30They're sending, you know, massive amounts of fentanyl into our country and killing a lot of people.
02:35Probably 200,000 plus a year, wiping them out.
02:39You probably all have friends who were killed, somebody who was killed in your family or your friends with fentanyl.
02:45And somehow it's made almost exclusively in China.
02:48And as you know, we essentially taxed them 10 and then another 10.
02:55We also taxed Mexico 25 and we taxed Canada 25.
03:00And that's the kind of money that's what's pouring into our country right now.
03:05And it's gotten us down from losing three to five billion dollars a day to actually making money, but breaking even, let's say.
03:13But we're going to make a lot of money.
03:14And that money is going to be used to reduce taxes.
03:17We're going to get big, big tax breaks.
03:18We're going to, you know, there was a time, I said it this morning, I think some of you were there.
03:24There was a time from 1870 to 1913.
03:28It was a long time ago.
03:29We were an all-tariff nation.
03:31Foreign nations pay taxes.
03:33They paid money to us in the form of tariffs.
03:35And that was when we were the wealthiest.
03:37We were the wealthiest proportionately that we ever were.
03:41And they formed committees in 1887 in particular.
03:46But they formed committees to determine what we should do with all the money.
03:49We had so much money.
03:51You guys would have loved it.
03:52We had so much money they didn't know what to do with it.
03:55We gave it away to different causes.
03:58And you haven't seen that too much anymore, although we gave plenty away.
04:02But now we shouldn't be giving it away.
04:03We have to take care of ourselves first, right?
04:06Panama Canal, we spent, it was the most expensive thing ever built by our country in history.
04:12I'm talking relative dollars.
04:15We've never built anything so expensive.
04:17I think it was the equivalent of 1.7 billion dollars.
04:21And we've never built anything like that.
04:24We built a lot of things, but never so expensive.
04:29Then we started building other things.
04:30We had a lot of money to do it, all based on foreign countries coming in and paying us tariffs.
04:36And we're doing that again.
04:37And I think we're going to make so much that we're going to be able to reduce taxes in this country by a lot.
04:42And we're also going to treat those countries very fairly.
04:44But if we don't make a deal, which is possible, we're going to just set the price.
04:49Because you remember, they have to come in, they want to come in here, and they want to do business with the United States.
04:55So we want to set a fair price.
04:57And we'll do that.
04:58We're going to be very fair.
04:59But we'll set a fair price.
05:00And then they can make a determination as to whether or not they want to do business with the United States.
05:05And I think most of them will.
05:06And I think we're going to treat them very fairly.
05:08Were you worried about what the 145% tariffs were doing to small businesses here in the U.S.?
05:14Is that why you're bringing them down?
05:16No, no.
05:16No, I haven't brought it down.
05:18I haven't brought it.
05:19So 145?
05:20I haven't brought it down.
05:21But you said in the next few years.
05:21I said it's a high tariff.
05:23It is a high tariff.
05:24But I haven't brought it down.
05:25It basically means China's not doing any business with us, essentially, because it's a very high number.
05:31So when you add that to the price of a product, you know, a lot of those products aren't going to sell.
05:36But China's not doing any business.
05:38They were doing $1.1 trillion.
05:44Think of that.
05:45$1.1 trillion.
05:46You know what that is?
05:48And it was just very unfair to us.
05:50And we were doing very little, relatively very little with them.
05:53It was a one-sided, very one-sided.
05:56But we get along.
05:57I get along very well with President Xi, and I hope we can make a deal.
06:00Otherwise, we'll set a price, and hopefully they'll come here and they'll contribute.
06:05And if they don't, it's okay.