U.S. President Donald Trump goes through many of the rates at which his administration plans to impose tariffs on countries around the world in response to their tariffs on the U.S. - REUTERS
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00:00If you look at that, China, first row, China, 67 percent.
00:06That's tariffs charged to the USA, including currency manipulation and trade barriers.
00:13So 67 percent.
00:15I think you can, for the most part, see it.
00:17Those with good eyes, with bad eyes.
00:19We didn't want to bring it.
00:20It's very windy out here.
00:21We didn't want to bring out the big charts because it had no chance of standing.
00:25Fortunately, we came armed with a little smaller chart.
00:29So it's 67 percent.
00:31So we're going to be charging a discounted reciprocal tariff of 34 percent.
00:35I think, in other words, they charge us.
00:38We charge them.
00:39We charge them less.
00:40So how can anybody be upset?
00:41They will be because we never charge anybody anything.
00:44But now we're going to charge.
00:47European Union, they're very tough, very, very tough traders.
00:51You know, you think of European Union, very friendly.
00:54They rip us off.
00:56It's so sad to see.
00:58It's so pathetic.
00:5939 percent.
01:00We're going to charge them 20 percent.
01:02So we're charging them essentially half.
01:04Vietnam, great negotiators, great people.
01:08They like me.
01:09I like them.
01:10The problem is they charge us 90 percent.
01:12We're going to charge them 46 percent tariff.
01:15Taiwan, where they make they took all of our computer chips and semiconductors.
01:21We used to be the king, right?
01:22We were everything.
01:24We had all of it.
01:25Now we have almost none of it, except the biggest company is coming in.
01:28They're going to have we're going to end up with almost 40 percent.
01:31Lee Zeldin is working to get their approvals.
01:33And it's an amazing company.
01:35Mr. Wei of one of the great companies of the world, actually, they're coming in from Taiwan
01:40and they're going to build one of the biggest plants in the world, maybe the biggest for
01:44that.
01:45But 64 percent, we're going to charge him 32 percent.
01:49Japan, very, very tough.
01:51Great people.
01:53And again, I don't blame the people for doing it.
01:55It's I think they're very smart into it.
01:57I blame the people that sat right in that Oval Office, right over there, right behind
02:01the Resolute desk or whichever desk they chose.
02:04Japan, 46 percent.
02:06They would charge us 46 percent and much higher for certain items like cars, little items
02:12like cars.
02:13Forty six percent, we're charging them 24 percent.
02:16India.
02:17Very, very tough.
02:18Very, very tough.
02:20The prime minister just left.
02:23He's a great friend of mine, but I said, you're a friend of mine, but you're not treating
02:27us right.
02:28They charge us 52 percent.
02:29You have to understand, we charge them almost nothing for years and years and decades.
02:33And it was only seven years ago when I came in.
02:38We started with China, Georgia.
02:40We took in hundreds of billions of dollars from China in tariffs.
02:45And they understood, honestly.
02:48President Xi understood.
02:49He said, look, I understand.
02:51And the other countries and they all understand we're going to have to go through a little
02:54tough love, maybe.
02:56But they all understand.
02:57They're ripping us off.
02:58And they understood it.
03:00Prime Minister of Japan, Shinzo, was Shinzo Abe.
03:06He was a fantastic man.
03:08He was unfortunately taken from us.
03:11Assassination.
03:12But I went to him and I said, Shinzo, we have to do something.
03:16A trade is not fair.
03:18He said, I know that.
03:20I know that.
03:21And he was a great gentleman.
03:22He was a fantastic man.
03:25But he understood immediately what I was talking about.
03:28I said, Shinzo, we have to do something.
03:30He said, I know that.
03:31And we've worked out a deal and it would have been a much better deal.
03:34But frankly, there were many years left in the deal that was made previous to my getting
03:39there.
03:40But it was it was something.
03:42If you look at Switzerland, 61 percent to 31 percent, Indonesia, Malaysia, Cambodia
03:48or look at Cambodia, 97 percent.
03:52We're going to bring it down to 49.
03:53They made a fortune with the United States of America, United Kingdom, 10 percent.
03:58And we'll go 10 percent.
04:00So we'll do the same thing.
04:03South Africa, oh, 60 percent, 30 percent.
04:06And they've got some bad things going on in South Africa.
04:10You know, we're paying them billions of dollars.
04:13We cut the funding because a lot of bad things are happening in South Africa.
04:16The fake news ought to be looking at it.
04:18They don't want to report it.
04:19Brazil, 10 percent, 10 percent.
04:22Bangladesh is 74 percent.
04:25So you see what's going on.
04:27Pakistan, 58 percent.
04:31Sri Lanka, 88 percent.