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00:00So, if you look at that, China, first row, China, 67 percent, that's tariffs charged
00:09to the USA, including currency manipulation and trade barriers.
00:14So 67 percent, I think you can, for the most part, see it.
00:18Those with good eyes, with bad eyes.
00:20We didn't want to bring, it's very windy out here, we didn't want to bring out the big
00:23charts because it had no chance of standing.
00:26Fortunately, we came armed with a little smaller chart.
00:30So 67 percent, so we're going to be charging a discounted reciprocal tariff of 34 percent.
00:36I think, in other words, they charge us, we charge them, we charge them less.
00:40So how can anybody be upset?
00:42They will be because we never charge anybody anything, but now we're going to charge.
00:48European Union, they're very tough, very, very tough traders.
00:53You know, you think of European Union, very friendly.
00:56They rip us off, it's so sad to say.
00:59It's so pathetic.
01:0039 percent, we're going to charge them 20 percent, so we're charging them essentially
01:04half.
01:05Vietnam, great negotiators, great people.
01:09They like me, I like them.
01:10The problem is they charge us 90 percent, we're going to charge them 46 percent tariff.
01:16Taiwan, where they make, they took all of our computer chips and semiconductors.
01:22We used to be the king, right?
01:24We were everything.
01:25We had all of it.
01:26Now we have almost none of it, except the biggest company is coming in.
01:29They're going to have, we're going to end up with almost 40 percent.
01:32Lee Zeldin is working to get their approvals.
01:35And it's an amazing company.
01:36Mr. Wei of one of the great companies of the world, actually.
01:40They're coming in from Taiwan and they're going to build one of the biggest plants in
01:44the world, maybe the biggest for that.
01:46But 64 percent, we're going to charge them 32 percent.
01:49Japan, very, very tough, great people.
01:54And again, I don't blame the people for doing it.
01:56I think they're very smart in doing it.
01:58I blame the people that sat right in that Oval Office, right over there, right behind
02:02the Resolute Desk or whichever desk they chose.
02:05Japan, 46 percent.
02:08They would charge us 46 percent and much higher for certain items like cars, you know, little
02:13items like cars.
02:1446 percent, we're charging them 24 percent.
02:18India, very, very tough, very, very tough.
02:21The Prime Minister just left and he's a great friend of mine.
02:25But I said, you're a friend of mine, but you're not treating us right.
02:29They charged us 52 percent.
02:30You have to understand, we charge them almost nothing for years and years and decades.
02:34And it was only seven years ago when I came in, we started with China charged.
02:41We took in hundreds of billions of dollars from China in tariffs.
02:46And they understood, honestly.
02:49President Xi understood.
02:50He said, look, I understand.
02:52And the other countries, and they all understand, we're going to have to go through a little
02:55tough love maybe, but they all understand.
02:58They're ripping us off and they understood it.
03:01Prime Minister of Japan, Shinzo, was Shinzo Abe.
03:07He was a fantastic man.
03:09He was, unfortunately, taken from us, assassination.
03:13But I went to him and I said, Shinzo, we have to do something.
03:17A trade is not fair.
03:19He said, I know that.
03:20I know that.
03:21And he was a great gentleman.
03:23He was a fantastic man.
03:26But he understood immediately what I was talking about.
03:29I said, Shinzo, we have to do something.
03:31He said, I know that.
03:32And we worked out a deal and it would have been a much better deal.
03:35But, frankly, there were many years left in the deal that was made previous to my getting
03:40there.
03:41But it was...