President Trump was asked about reciprocal tariffs that he plans to implement on April 2nd.
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NewsTranscript
00:00Do you have any questions, please?
00:02Yeah, please.
00:03The Press The size of the investment, partly because
00:07of tariffs.
00:08On April 2nd, the reciprocal tariffs will go
00:10into effect.
00:10Is it truly reciprocal?
00:12Are there some countries that might get a break or
00:14some sectors that might get a break?
00:15The President Well, I may give a lot of countries
00:17breaks, but it's reciprocal.
00:19But we might be even nicer than that.
00:22You know, we've been very nice to a lot of countries
00:24for a long time.
00:25But I call it Liberation Day.
00:28April 2nd is Liberation Day.
00:30But today, as you know, we did something with
00:32respect to Venezuela.
00:33You heard about that.
00:35And that will be quite important.
00:37We'll be announcing some additional tariffs over
00:40the next few days having to do with automobiles,
00:44cars, and having also to do a little bit with
00:46lumber down the road.
00:48Lumber and chips are going to get all those chip
00:52companies coming back.
00:53They're already coming back without even doing
00:55it.
00:56So it's it's been very good.
00:57But we'll be announcing some others.
00:59But for the most part, April 2nd will be a big
01:01day.
01:02That'll be Reciprocal Day.
01:03And we'll be bringing some of the money back
01:06that's been taken from us.
01:08Let's be nice by using the word taken.
01:10I don't want to use a stronger word because
01:12these guys are professional politicians
01:14and they don't like to hear those words.
01:16I refuse to use the word stolen from us.
01:19But that's a mutually bring down tariffs.
01:22Are you seeing that happen?
01:24Well, European Union lowered their tariffs to
01:26two and a half percent.
01:27We were only a two and a half percent for cars,
01:29which is very low.
01:31And as you probably heard, that European Union
01:34lowered their number from much higher than that.
01:36Many, many times are surprised to two and a
01:39half percent.
01:40So that was good.
01:41But I don't I don't know that I expect that.
01:45I it's up to them.
01:46But we have reciprocal tariffs.