The Trump Economic Policy is making waves in global trade. President Donald Trump has announced a 25% tax on Venezuelan oil, ensuring a stronger push for domestic energy reliance. Under the Trump Economic Policy, companies purchasing oil from Venezuela will face higher costs, reinforcing his America First agenda. At the same event, Trump welcomed Hyundai’s billion-dollar investment in the United States, a move that will create jobs and boost manufacturing. With the Trump Economic Policy shaping trade and investment strategies, expect major shifts in the economy. Stay tuned for updates!
#TrumpEconomicPolicy #AmericaFirst #HyundaiInvestment #VenezuelaOilTax
#USAEconomy
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#TrumpEconomicPolicy #AmericaFirst #HyundaiInvestment #VenezuelaOilTax
#USAEconomy
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NewsTranscript
00:00The cars are coming into this country at levels never seen before.
00:04The tariffs are bringing them in at levels that have not been witnessed.
00:10There are no tariffs if you make your product in America, so it's something that's wiped.
00:17And that will be quite important.
00:19We'll be announcing some additional tariffs over there.
00:23Every business, I can't just say automobiles, but automobiles is a big one.
00:27And yeah, this is the beginning of a lot of things happening.
00:31We've had — today, we're delighted to report that Hyundai is announcing a major $5.8 billion
00:37investment in American manufacturing.
00:41In particular, Hyundai will be building a brand-new steel plant in Louisiana, which
00:45will produce more than 2.7 million metric tons of steel a year, creating more than 1,400
00:51jobs for American steelworkers.
00:53And then there'll be major expansion after that.
00:56This will be Hyundai's first-ever steel mill in the United States — one of the largest
01:01companies in the world, by the way — supplying steel for its auto parts and auto plants in
01:06Alabama and Georgia, which will soon produce more than 1 million American-made cars every
01:11single year.
01:13The cars are coming into this country at levels never seen before.
01:18Get ready.
01:19This investment is a clear demonstration that tariffs very strongly work.
01:24And I hope other things also, but the tariffs are bringing them in at levels that have not
01:32been witnessed.
01:34Hyundai will be producing steel in America and making its cars in America.
01:38And as a result, they'll not have to pay any tariffs.
01:42You know, there are no tariffs if you make your product in America.
01:46So it's something that — that's why so many people are coming.
01:50As you know, we have from Taiwan — the biggest chip manufacturer in the world is
01:54coming in with $200 billion.
01:58And we have a lot of — a lot of people coming and plants coming and companies coming that
02:03never would have been here, never would have even thought about it.
02:06The new steel plant in Louisiana is part of an even larger $21 billion investment Hyundai
02:11will be making in the United States over the next couple of years.
02:14The reciprocal tariffs will go into effect.
02:16Is it truly reciprocal?
02:17Are there some countries that might get a break or some sectors that might get a break?
02:21Well, I may give a lot of countries breaks, but it's reciprocal.
02:25But we might be even nicer than that.
02:28You know, we've been very nice to a lot of countries for a long time.
02:31But I call it Liberation Day.
02:34April 2nd is Liberation Day.
02:36But today, as you know, we did something with respect to Venezuela.
02:39You heard about that.
02:41And that will be quite important.
02:44We'll be announcing some additional tariffs over the next few days, having to do with
02:48automobiles, cars, and having also to do a little bit with lumber down the road — lumber
02:54and chips.
02:55We're going to get all those chip companies coming back.
02:59They were already coming back without even doing it.
03:02So it's been very good.
03:03But we'll be announcing some others.
03:05But for the most part, April 2nd will be a big day.
03:08That will be reciprocal day.
03:09And we'll be bringing some of the money back that's been taken from us.
03:14Let's be nice by using the word taken.
03:16I don't want to use a stronger word because these guys are professional politicians, and
03:20they don't like to hear those words.
03:22I refuse to use the word stolen from us.
03:25But that's —
03:26Will countries mutually bring down tariffs?
03:27Are you seeing that?
03:28Oh, it happened.
03:29Well, the European Union lowered their tariffs to 2.5 percent.
03:33We were only at 2.5 percent for cars, which is very low.
03:37And as you probably heard, that European Union lowered their number from much higher
03:42than that.
03:43Many, many times higher.
03:44A surprise to 2.5 percent.
03:46So that was good.
03:47But I don't know that I expect that.
03:51It's up to them.
03:52But we have reciprocal tariffs.
03:54Mr. President, you reacted to the story in The Atlantic that said that some of your top
03:59Cabinet officials and aides have been discussing very sensitive material through SIGMON, and
04:05included an Atlantic reporter for that.
04:08What is your response to that?
04:09I don't know anything about it.
04:10I'm not a big fan of The Atlantic.
04:12To me, it's a magazine that's going out of business.
04:14I think it's not much of a magazine.
04:16But I know nothing about it.
04:17You're saying that they had what?
04:19They were using SIGMON to coordinate on sensitive materials and —
04:24Having to do with what?
04:25Having to do with what?
04:26What were they talking about?
04:27With the Houthis.
04:28The Houthis?
04:29You mean the attack on the Houthis?
04:30Well, it couldn't have been very effective because the attack was very effective, I can
04:36tell you that.
04:37I don't know anything about it.
04:38You're telling me about it for the first time.
04:41Any other?
04:42Mr. President, on this announcement on Hyundai, is this a blueprint for you, for other automakers
04:48to come to the United States to do what Hyundai was doing in investing so much in Louisiana
04:55and creating these new jobs?
04:57Absolutely.
04:58That's a nice question from you.
05:00That's a shocking question how nice it is, huh?
05:03That's okay.
05:04That's a question that's a good question, actually.
05:07Yeah, sure, Hyundai is a great company.
05:10We have other great companies coming in, and we have some that are going to be staying
05:14here and very much expanding.
05:16And we have a tremendous interest in every business.
05:19I can't just say automobiles, but automobiles is a big one.
05:23And yeah, this is the beginning of a lot of things happening.
05:26We've had — as you know, Apple has announced a $500 billion investment, and other companies
05:33have announced $250 billion, $300 billion.
05:36But we're well into the $3 trillion and $4 trillion mark, which has never happened to
05:41our country before.
05:42What it really means is jobs.
05:44All we care about is jobs, right?
05:46We care about quality and quality of life and safety and security, but we care about
05:50jobs.
05:52And they're going to have a lot — we have a lot of people coming in.
05:54And I have to tell you that if you have any trouble getting permits, which you won't,
05:58come see me.
05:59I'll get them for you in a minute.
06:00All right?
06:01But you're not going to have any trouble.
06:03We had — when I first got involved in this world of politics, when I went down to Louisiana
06:08— you know, the two big LNG plants — and they were stuck.
06:11For 14 years, they tried to get permits, and these were $12 billion and, I think, $15 billion
06:17plants.
06:18And they were working on it for 14 years in one case, I think 13 or 14 in the other.
06:24And I was able to get them in less than a week, and they were shocked.
06:27And probably some consultant got a lot of money for doing it, but nobody spoke to me
06:31about it, other than this gentleman at the time.
06:34He mentioned it, and he did.
06:35They were in very much different positions, but they wanted to see if we could break the
06:39logjam.
06:40And I got it done in — in one case, I actually got it done in one day.
06:44And the other case, I didn't do as well.
06:45It took a full week.
06:47And they built, and they're up, and they're very successful now.
06:49That was a long time ago, but we got it done immediately.
06:52You'll have no trouble getting your permits, I guarantee.
06:55These people you're dealing with are top of the line.
06:57Okay?
06:58But just in case —
06:59On the Venezuela tariff that you announced earlier today, sir, you said it's 25 percent
07:04for any country that does business in Venezuela.
07:06That's right.
07:07If they buy their oil from Venezuela, they have to pay a 25 percent tariff to do business
07:12with the United States.
07:13Is that on top of existing tariffs?
07:14So, for example, China bought a lot of oil.
07:15Yes.
07:16That would be on top of existing.
07:17So that's 45 percent tariffs on China next week?
07:18Yep.
07:19That's on top of existing tariffs, yes.
07:20And so, also, next week, April 2nd, as you said, Liberation Day.
07:21Is that going to be sector tariffs as well?
07:22It's going to be everything.
07:31Yeah, it's going to be everything, but not all tariffs are included that day.
07:35For instance, we're doing some — as you know, we have already done steel and aluminum,
07:40and that's at a 25 percent level.
07:42And we are going to be doing automobiles, which you've known about for a long time.
07:46We'll be announcing that fairly soon, over the next few days, probably.
07:50And then April 2nd comes.
07:52That'll be reciprocal tariffs.
07:54But we may take less than what they're charging because they've charged us so much, I don't
07:58think they could take it.
07:59In other words, they've charged us so much that I'm embarrassed to charge them what they've
08:04charged us.
08:05But it'll be substantial.
08:07And you'll be hearing about that on April 2nd.
08:10And it will be Liberation Day because we'll be taking in large amounts of money for our
08:14country.
08:15And lower taxes and all other things that are good.
08:19And jobs.
08:20A lot of jobs.
08:21And what's your message to the big corporate clients of the big law firms that you've targeted
08:24with your executive orders?
08:25Do you want those big corporate clients to find new lawyers?
08:29I just think that the law firms have to behave themselves.
08:33And we've proven that.
08:34We have others that want to make a settlement also.
08:38Having to do with the election and other things, they behave very badly, very wrongly.
08:43And I appreciate the one, you know, these are the biggest firms.
08:47And they all came back realizing that they did wrong.
08:52And that's why they're doing this.
08:53So I just think they have to behave.
08:54We have to straighten out our country.
08:56We have to straighten out our elections.
08:58Our elections are very dishonest, very corrupt.
09:02And we have to straighten it out.
09:03And it's so easy to do it.
09:04And we should go to paper ballots.
09:06We should go to one-day voting.
09:07We should go to voter ID.
09:11And just one other thing, proof of a thing called citizenship in the United States.
09:14Wouldn't that be nice?
09:16How simple does that sound?
09:18Proof of citizenship, voter ID, one-day voting, and paper ballots.
09:22You know, paper ballots are very secure.
09:24They have watermark paper.
09:25It's very — actually, it's very intricate stuff.
09:27It's very technologically advanced, even though it's paper.
09:32And you'd have no trouble.
09:33You wouldn't have dishonest elections, and you'd have them all done by 10 o'clock in
09:38the evening.
09:39And Congress went to that, and — not that I want to copy anybody, but many others have
09:43also.
09:44And they had 38 million votes, and it was all done at 10 o'clock.
09:48They had a winner.
09:49They had a loser.
09:50That was it.
09:51Nobody was complaining.
09:52And they had it backed up with paper.
09:54And it's so easy to do.
09:57The other thing, you'd save about — this would cost you about 8 percent of what the
10:04machines cost.
10:05So the paper would be much less expensive.
10:07So if you're looking to save some money, that's a good way to save it.
10:11So it's a shame that we've gone through it.
10:13We've gone through a bad election, a really bad election.
10:15The election was so bad.
10:17And think of it.
10:19You wouldn't have had the October 7th disaster with Israel.
10:24You wouldn't have had Russia and Ukraine, because that would have never happened.
10:28You wouldn't have had inflation.
10:29You wouldn't have had the type of withdrawal from Afghanistan that you witnessed, which
10:33was probably one of the primary reasons that Russia went into Ukraine.
10:37They saw that mess, how badly it was handled, and they said, well, this is a paper tiger.
10:42It was handled by incompetent people.
10:44But that wouldn't have — we would have been out, but we would have kept Bagram, the big
10:48air base, which is one hour away from China, where they make their nuclear weapons.
10:52It would have been nice to have it, but now — you know who has it?
10:55Now China has it.
10:57And so an honest election.
10:58And we wouldn't have had inflation.
10:59You know, you had the record-setting inflation.
11:02We wouldn't have had inflation.
11:04I want to thank everybody for being here.
11:05I want to congratulate Hyundai, a great company, and we will do everything possible.
11:10And I will say, you picked a fantastic state, really fantastic, with tremendous people and
11:15tremendous leaders.
11:16And, Speaker, I want to thank you for doing a great job.
11:19You and Steve.
11:20Thank you very much.
11:21Appreciate it, Steve.
11:22Thank you very much.
11:24Thank you, everybody.
11:25Don't miss out.
11:26Log on to OneIndia.com for more updates.