President Trump on Wednesday announced a 90-day pause on the steep reciprocal tariffs announced last week, opting instead for a lower 10% universal tariff.
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TechTranscript
00:00Can you walk us through your thinking about why you decided to put a 90-day pause?
00:05Well, I thought that people were jumping a little bit out of line.
00:10They were getting yippy, you know?
00:12They were getting a little bit yippy, a little bit afraid, unlike these champions.
00:17Because we have a big job to do.
00:19No other president would have done what I did.
00:20No other president.
00:21I know the presidents.
00:22They wouldn't have done it.
00:23And it had to be done.
00:24And what was happening to us on trade, not only with, you know, if you look at it, not only with China, but China was by far the biggest abuser in history.
00:34And others also.
00:36But somebody had to do it.
00:38They had to stop because it was not sustainable.