Latest / Gil I Am / Trump announces tariffs on all foreign-made vehicles on 'Liberation Day'!

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Trump announces tariffs on all foreign-made vehicles on 'Liberation Day'! · Gil I Am

0:06
Speaker 1: Thank you very much. Thank you nice crowd. What a
0:10
Speaker 1: good looking group of people. Well, we have some very
0:13
Speaker 1: very good news today, and a lot of good things
0:16
Speaker 1: are happening for our country. Please sit down, my fellow Americans.
0:21
Speaker 1: This is liberation Day waiting for a long time. April second,
0:29
Speaker 1: twenty twenty five will forever be remembered as the day
0:33
Speaker 1: American industry was reborn, the day America's destiny was reclaimed,
0:39
Speaker 1: and the day that we began to make America wealthy again,
0:45
Speaker 1: going to make it wealthy, good and wealthy. For decades,
0:48
Speaker 1: our country has been looted, pillage, raped, and plundered by
0:52
Speaker 1: nations near and far, both friend and foe alike. American
0:57
Speaker 1: steel workers, auto workers, farmers, and ill craftsmen. We have
1:01
Speaker 1: a lot of them here with us today. They really
1:04
Speaker 1: suffered gravely. They watched in anguish as foreign leaders have
1:09
Speaker 1: stolen our jobs. Foreign cheaters have ransacked our factories, and
1:14
Speaker 1: foreign scavengers have torn apart our once beautiful American dream.
1:18
Speaker 1: We had an American dream that you don't hear so
1:21
Speaker 1: much about. You did four years ago and you are now,
1:24
Speaker 1: But you know too often, and for many years and
1:27
Speaker 1: decades even you didn't hear too much about our country
1:30
Speaker 1: and its taxpayers have been ripped off for more than
1:33
Speaker 1: fifty years. But it is not going to happen anymore.
1:38
Speaker 1: It's not gonna happen. In a few moments, I will
1:45
Speaker 1: sign a historic executive order instituting reciprocal tariffs on countries
1:51
Speaker 1: throughout the world. Reciprocal That means they do it to
1:55
Speaker 1: us and we do it to them.
1:57
Speaker 2: Very simple. Can't get any simpler than that.
2:03
Speaker 1: This is one of the most important days, in my opinion,
2:06
Speaker 1: in American history. It's our declaration of economic independence. For years,
2:13
Speaker 1: hard working American citizens were forced to sit on the
2:16
Speaker 1: sidelines as other nations got rich and powerful, much of
2:21
Speaker 1: it at our expense. But now it's our turn to
2:24
Speaker 1: prosper and in so doing, use trillions and trillions of
2:28
Speaker 1: dollars to reduce our taxes and pay down our national debt.
2:32
Speaker 1: And it'll all happen very quickly. With today's action, we
2:36
Speaker 1: are finally going to be able to make America great again,
2:40
Speaker 1: greater than ever before. Jobs and factories will come roaring
2:50
Speaker 1: back into our country, and you see it happening already.
2:53
Speaker 1: We will supercharge our domestic industrial base. We will pry
2:58
Speaker 1: open foreign markets and break down foreign trade barriers, and
3:02
Speaker 1: ultimately more production at home will mean stronger competition and
3:06
Speaker 1: lower prices for consumers. This will be indeed the golden
3:11
Speaker 1: age of American It's coming back.
3:13
Speaker 2: We're going to come back very strongly.
3:19
Speaker 1: We're pleased to be joined on this momentous occasion by
3:23
Speaker 1: Vice President JD vance at JD.
3:26
Speaker 2: Thank you, thank you, Thank you very much. Are you JD?
3:33
Speaker 2: It's that wasn't too hard to find. I was looking.
3:38
Speaker 2: You know.
3:39
Speaker 1: He likes to take a low key attitude, and usually
3:41
Speaker 1: we said right in front.
3:42
Speaker 2: He's gaining a lot of confidence.
3:44
Speaker 1: Mike is, and nearly my entire cabinet is here as
3:48
Speaker 1: well as Speaker Mike Johnson has done an amazing job.
3:56
Speaker 1: And with the great success we had last night in Florida,
3:59
Speaker 1: we have a majority of seven, and seven's like a
4:03
Speaker 1: lot when we had it at one. You've done a
4:06
Speaker 1: fantastic job, and many of the members of the House
4:10
Speaker 1: and senator with us. Senators, Congressman, thank you all for
4:13
Speaker 1: being with us. We appreciate it. For decades, the United
4:16
Speaker 1: States slashed our trade barriers and other countries, while those
4:20
Speaker 1: nations placed massive tariffs on our products and created outrageous
4:25
Speaker 1: non monetary barriers to decimate our industries. And in many
4:29
Speaker 1: cases the non monetary barriers were worse than the monetary ones.
4:34
Speaker 1: They manipulated their currencies, subsidized their exports, stole our intellectual property,
4:41
Speaker 1: imposed exorbitant vat taxes to disadvantage our products, adopted unfair
4:47
Speaker 1: rules and technical standards, and created filthy pollution havens. They
4:51
Speaker 1: were absolutely filthy, but they always came to us and
4:55
Speaker 1: they said, we're violating.
4:57
Speaker 2: We should pay for it.
4:58
Speaker 1: It's all detailed, very big report by the US Trade
5:02
Speaker 1: Representative on foreign trade barriers, and I'll just hold it
5:06
Speaker 1: up for you. It's available, and you don't have to
5:10
Speaker 1: pay too much.
5:10
Speaker 2: As I understand it, you'll pay nothing.
5:12
Speaker 1: It's a lot of work, a lot of work for something, actually,
5:16
Speaker 1: because it's a special it's a special book. It's very frankly,
5:20
Speaker 1: it's very upsetting when you read it, when you see
5:23
Speaker 1: what people have been doing to us for thirty years.
5:26
Speaker 1: This all happened with no response from the United States
5:29
Speaker 1: of America, none whatsoever.
5:32
Speaker 2: But those days are over.
5:33
Speaker 1: Let me offer just a few examples of the vicious
5:36
Speaker 1: attacks workers have faced for so many years. The United
5:41
Speaker 1: States charges other countries only a two point four tariff
5:46
Speaker 1: on motorcycles. Meanwhile, Thailand and others are charging much higher prices,
5:53
Speaker 1: like sixty percent. India charges seventy percent, Vietnam charges seventy
5:58
Speaker 1: five percent, and others are even higher than that. Likewise,
6:02
Speaker 1: until today, the United States has for decades charged a
6:06
Speaker 1: two point five tariff. Think of that two point five
6:09
Speaker 1: percent on foreign made automobiles. The European Union charges US
6:15
Speaker 1: more than ten percent tariffs, and they have twenty percent
6:20
Speaker 1: vats much much higher. India charges seventy percent, and perhaps
6:24
Speaker 1: worst of all, of the non monetary restrictions imposed by
6:28
Speaker 1: South Korea, Japan and very many other nations. As a
6:31
Speaker 1: result of these colossal trade barriers, eighty one percent of
6:36
Speaker 1: the cars in South care are made in South Korea.
6:40
Speaker 1: Ninety four percent of the cars in Japan are made
6:43
Speaker 1: in Japan. Toyota sells one million foreign made automobiles into
6:48
Speaker 1: the United States, and general motor cells almost none.
6:52
Speaker 2: Ford sells very little.
6:54
Speaker 1: None of our companies are allowed to go into other countries.
6:58
Speaker 1: And I say that friend, and and in many cases
7:01
Speaker 1: the friend is worse than the foe in terms of trade.
7:05
Speaker 1: But such horrendous imbalances have devastated our industrial base and
7:09
Speaker 1: put our national security at risk. I don't blame these
7:14
Speaker 1: other countries at all for this calamity. I blame former
7:17
Speaker 1: presidents and past leaders who weren't doing their job. They
7:19
Speaker 1: let it happen, and they let it happen to an
7:22
Speaker 1: extent that nobody can even believe. That's why, effective at midnight,
7:26
Speaker 1: we will impose a twenty five percent tariff on all
7:29
Speaker 1: forar and made automobiles.
7:36
Speaker 2: Thank you, Brian. I'd like to have you come up
7:40
Speaker 2: here for a second.
7:41
Speaker 1: Okay, I just see him saying he's been a fan
7:44
Speaker 1: of ours, and he understands this business a lot better
7:48
Speaker 1: than the economists, a lot better than anybody.
7:51
Speaker 2: Brian, say a few words. Please, would you? Thank you,
7:53
Speaker 2: Thank you. It's great honor to have you. Thanks, thank you,
7:56
Speaker 2: mister President.
7:57
Speaker 3: I grew up just north of Detroit, Michigan and Combe County,
8:01
Speaker 3: known as the home of the Reagan Democrats. My first
8:04
Speaker 3: vote for president was for Ronald Reagan. I thought that
8:07
Speaker 3: was gonna be the best president I ever saw in
8:09
Speaker 3: my lifetime until Donald J. Trump came along. I have
8:15
Speaker 3: watched my entire life, I have watched plant after plant
8:19
Speaker 3: after plant in Detroit and in the Metro Detroit area close.
8:24
Speaker 3: There are now plants sitting idle. There are now plants
8:27
Speaker 3: that are underutilized. And Donald Trump's policies are gonna bring
8:32
Speaker 3: product back into those underutilized plants. There's gonna be new investment,
8:36
Speaker 3: there's gonna be new plants built. And the UAW members
8:40
Speaker 3: and I brought twenty of them with me, they're sitting
8:43
Speaker 3: right over here. We support Donald Trump's policies on tariffs
8:48
Speaker 3: one hundred percent. So, mister President, we can't thank you enough.
8:53
Speaker 3: And in six months or a year, we're gonna begin
8:55
Speaker 3: to see the benefits. I can't wait to see what's
8:57
Speaker 3: happening three or four years down the road. Thank you,
9:00
Speaker 3: mister President, so much.
9:02
Speaker 2: Thank you.
9:04
Speaker 1: What a great guy. He got it right from the beginning.
9:07
Speaker 1: He got it before almost anybody else. This group over there,
9:10
Speaker 1: they got it too. And you know, we won the
9:13
Speaker 1: state of Michigan. We won almost all of them, but
9:17
Speaker 1: we won Michigan.
9:18
Speaker 2: By a lot. And I want to just thank you all.
9:20
Speaker 1: The auto workers were fantastic, the teamsters were fantastic. Everyone
9:25
Speaker 1: who's pretty good, I will tell you, thank you very much.
9:28
Speaker 1: I appreciate it. You're going to be very happy very soon.
9:31
Speaker 1: And you probably see what's happening with all of the
9:35
Speaker 1: not only car companies, but car companies in particular, see
9:38
Speaker 1: it with all of the ones they're moving, they're announcing
9:42
Speaker 1: day in day out.
9:43
Speaker 2: You're seeing it. Nobody's ever seen anything like that.
9:46
Speaker 1: With today's actions, we're also standing up for our great
9:49
Speaker 1: farmers and ranchers who are brutalized by nations all.
9:53
Speaker 2: Over the world. Brutalized.
9:58
Speaker 1: Canada, by the way, imposes a two one hundred and
10:00
Speaker 1: fifty to three hundred percent tariff on many of our
10:03
Speaker 1: dairy products. They do the first, the first can of milk,
10:08
Speaker 1: they do the first little carton of milk at at
10:10
Speaker 1: very low price. But after that it gets bad and
10:13
Speaker 1: then it gets up to two hundred and seventy five
10:15
Speaker 1: three hundred percent. So when they're figuring what's Canada charging,
10:19
Speaker 1: they say, oh, about two percent three percent. But take
10:22
Speaker 1: a look at what happens down the road when you
10:24
Speaker 1: look a little bit, it's not a pretty picture. And
10:27
Speaker 1: we don't like it, and it's not fair. It's not
10:29
Speaker 1: fair to our farmers, it's not fair to our country.
10:32
Speaker 1: And with countries like Canada. You know, we subsidize a
10:36
Speaker 1: lot of countries and keep them going and keep them
10:39
Speaker 1: in business. In the case of Mexico, it's three hundred
10:42
Speaker 1: billion dollars a year, in the case of Canada, it's
10:45
Speaker 1: close to two hundred billion dollars a year. And they say,
10:48
Speaker 1: why are we doing this? Why are we doing this?
10:50
Speaker 1: I mean, at what point do we say you got
10:53
Speaker 1: to work for yourselves, and you got to This is
10:55
Speaker 1: why we have the big deficits.
10:57
Speaker 2: This is why we have.
10:58
Speaker 1: That amount of debt that's been placed on our heads
11:02
Speaker 1: over the last number of years, and we're really not
11:05
Speaker 1: taking it anymore.
11:07
Speaker 2: Through non tariff barriers.
11:08
Speaker 1: The European Union bands imports of most American poultry.
11:12
Speaker 2: You understand.
11:13
Speaker 1: They say, we want to send you our cars, we
11:15
Speaker 1: want to send you everything, but we're not going to
11:17
Speaker 1: take anything that you have. Australia bands and they're wonderful
11:22
Speaker 1: people and wonderful everything, but they ban American beef. Yet
11:26
Speaker 1: we imported three billion dollars of Australian beef from them
11:30
Speaker 1: just last year alone. They won't take any of our beef.
11:33
Speaker 1: They don't want it because they don't want it to
11:35
Speaker 1: affect their farmers, and you know what, I don't blame them,
11:38
Speaker 1: but we're doing the same thing right now, starting about
11:41
Speaker 1: midnight tonight, I would say. And China charges American rice
11:49
Speaker 1: farmers and over quota.
11:51
Speaker 2: It's called a tariff.
11:52
Speaker 1: Raid of sixty five percent. South Korea charges fifty. Actually
11:57
Speaker 1: they charge different from fifty percent to five one hundred
12:00
Speaker 1: and thirteen percent. In Japan, our friend charges a seven
12:05
Speaker 1: hundred percent, but that's because they don't want to selling
12:07
Speaker 1: rice another Who can blame them, Madam Secretary Agriculture, Great
12:13
Speaker 1: job you did on eggs. By the way, the egg
12:14
Speaker 1: prices came down fifty percent. You got them down fifty
12:18
Speaker 1: percent once we got involved. They were going through the sky,
12:22
Speaker 1: the egg prices, they were going through the sky, and
12:25
Speaker 1: you did a fantastic job. Now we have lots of
12:27
Speaker 1: eggs and they're much cheaper, down about fifty nine percent now,
12:31
Speaker 1: and they're going down further. We charged two point eight
12:36
Speaker 1: percent for so many things that other countries are charging
12:39
Speaker 1: two hundred percent, three hundred percent, then four hundred percent
12:43
Speaker 1: for If imposing tariffs and protective barriers made nations poor,
12:48
Speaker 1: then every country on Earth would be racing to eliminate
12:51
Speaker 1: these policies, and China would be.
12:53
Speaker 2: The first online.
12:54
Speaker 1: They've run a very strong country, but they're not first
12:59
Speaker 1: in line, and the American people.
13:01
Speaker 2: Are paying a very big price.
13:03
Speaker 1: From seventeen eighty nine to nineteen thirteen, we were a
13:09
Speaker 1: tariff backed nation in the United States was proportionately the
13:12
Speaker 1: wealthiest it has ever been.
13:14
Speaker 2: So wealthy, in fact, that.
13:15
Speaker 1: In the eighteen eighties they established a commission to decide
13:20
Speaker 1: what they were going to do with the vast.
13:22
Speaker 2: Sums of money they were collecting.
13:24
Speaker 1: We were collecting so much money so fast, we didn't
13:26
Speaker 1: know what to do with it.
13:27
Speaker 2: Isn't that a nice problem to have?
13:29
Speaker 1: What do you think, Marco? Good problem? Marco would love
13:32
Speaker 1: that problem. But we don't have that problem anymore. But
13:37
Speaker 1: we're not going to have it very much longer, I
13:39
Speaker 1: will tell you. But they collected so much money they
13:42
Speaker 1: actually formed a commission to determine what.
13:44
Speaker 2: They were going to do with the money, who they
13:46
Speaker 2: were going to give it to, and how much.
13:48
Speaker 1: Then in nineteen thirteen, for reasons unknown to mankind, they
13:52
Speaker 1: established the income tax so that citizens, rather than foreign countries,
13:56
Speaker 1: would start paying the money necessary to run our government. Then,
14:00
Speaker 1: in nineteen twenty nine, it all came to a very
14:03
Speaker 1: abrupt end with a great depression, and it would have
14:06
Speaker 1: never happened. If they had stayed with the tariff policy,
14:09
Speaker 1: it would have been a much different story. They tried
14:11
Speaker 1: to bring back tariffs to save our.
14:15
Speaker 2: Country, but it was gone. It was gone.
14:18
Speaker 1: It was too late, nothing could have been done. Took
14:20
Speaker 1: years and years to get out of that depression, far
14:23
Speaker 1: longer than even FDR had that office right over there
14:27
Speaker 1: for a long period of time. The ramp system, it's
14:30
Speaker 1: rather intricate, was built because of him, and every time.
14:34
Speaker 2: You walk up you think of him.
14:36
Speaker 1: And he did a great job in many ways, but
14:38
Speaker 1: it lasted long beyond his terms, as you know.
14:42
Speaker 2: But it's not too late any longer.
14:44
Speaker 1: And we're going to start being smart, and we're going
14:48
Speaker 1: to start being very wealthy again. We're going to be
14:50
Speaker 1: wealthy as a country because they've taken so much of
14:52
Speaker 1: our wealth away from us.
14:54
Speaker 2: We're not going to let that happen. We truly can
14:57
Speaker 2: be very wealthy.
14:57
Speaker 1: We can be so much wealthier than any country, it's
15:00
Speaker 1: not even believable.
15:01
Speaker 2: But we're getting smart.
15:02
Speaker 1: Nearly a century later, in the face of unrelenting economic warfare,
15:07
Speaker 1: the United States can no longer continue with a policy
15:10
Speaker 1: of unilateral economic surrender. We cannot pay the deficits of
15:15
Speaker 1: Canada and Mexico and so many other countries. We used
15:18
Speaker 1: to do it, we can't do it anymore. We take
15:20
Speaker 1: care of countries all over the world. We pay for
15:22
Speaker 1: the military, we pay for everything they have to pay.
15:25
Speaker 2: And then when you want to cut.
15:27
Speaker 1: Back a little bit, they get upset that you're not
15:29
Speaker 1: taking care of them any longer. But we have to
15:31
Speaker 1: take care of our people, and we're going to take
15:33
Speaker 1: care of our people first.
15:34
Speaker 2: And I'm sorry to say that.
15:41
Speaker 1: And today we're standing up for the American worker and
15:44
Speaker 1: we are finally putting America first. In Sleepy Joe Biden's
15:55
Speaker 1: last year in office, the United States hemorrhaged one hundred
15:58
Speaker 1: thousand manufacturers jobs and the number was going through the
16:02
Speaker 1: roof at levels never seen before. And our trade deficit
16:06
Speaker 1: reached a record one point two trillion dollars, which is
16:11
Speaker 1: unheard of since the beginning of NAFTA, the worst trade
16:15
Speaker 1: deal ever made. It was a horror show. I was
16:17
Speaker 1: able to determine it. They all said, you'd never be able to.
16:20
Speaker 2: Get it out.
16:21
Speaker 1: We had to get approval from Congress to get it terminated.
16:25
Speaker 2: We had to live with that deal.
16:26
Speaker 1: It was the worst deal, worst trade deal ever made
16:28
Speaker 1: by far. But since the very beginning of NAFTA, our
16:32
Speaker 1: country lost ninety thousand factories. Think of what that is,
16:36
Speaker 1: ninety thousand. Think about putting a map up and putting
16:40
Speaker 1: tacks on it.
16:41
Speaker 2: You wouldn't have enough room. Ninety thousand, I said, is
16:43
Speaker 2: that possible?
16:44
Speaker 1: We had it checked four different times and it was
16:47
Speaker 1: actually somewhat.
16:47
Speaker 2: Higher than that.
16:49
Speaker 1: And five million manufacturing jobs were lost while racking up
16:53
Speaker 1: trade deficits of nineteen trillion dollars.
16:57
Speaker 2: That was the worst trade deal ever made.
17:00
Speaker 1: As a result of these gigantic losses, foreign nations now
17:03
Speaker 1: own twenty six trillion dollars more of American assets, and
17:07
Speaker 1: Americans think of this than the Americans own of their
17:11
Speaker 1: own foreign assets or other foreign assets. The United States
17:15
Speaker 1: can no longer produce enough antibiotics to treat our sick.
17:20
Speaker 1: We have a tremendous problem. We have to go to
17:22
Speaker 1: foreign countries to treat our sick. If anything ever happened
17:25
Speaker 1: from a war standpoint, we wouldn't be able to do it.
17:28
Speaker 1: We import virtually all of our computers, phones, televisions and electronics.
17:33
Speaker 1: We used to dominate the field, and now we import
17:36
Speaker 1: it all from different countries. A single shipyard in China
17:40
Speaker 1: now produces more ships every year than all of the
17:44
Speaker 1: American shipyards combined. Think of that, and it was a
17:47
Speaker 1: business that we used to dominate. We used to dominate
17:50
Speaker 1: it totally. In short, chronic trade deficits are no longer
17:53
Speaker 1: merely an economic problem.
17:55
Speaker 2: They're a national.
17:56
Speaker 1: Emergency that threatens our security and our very way of life.
18:00
Speaker 1: It's a very great threat to our country, and for
18:04
Speaker 1: these reasons. Starting tomorrow, the United States will implement reciprocal
18:08
Speaker 1: tariffs on other nations.
18:10
Speaker 2: It's been a long time since we even thought of that.
18:14
Speaker 2: We used to think about it a lot.
18:16
Speaker 1: We didn't think about it for many decades, and you
18:19
Speaker 1: see what's happened for.
18:20
Speaker 2: Nations that treat us badly.
18:22
Speaker 1: We will calculate the combined rate of all their tariffs,
18:25
Speaker 1: non monetary barriers, and other forms of cheating. And because
18:30
Speaker 1: we are being very kind, we're kind people, very kind.
18:35
Speaker 2: You're not so kind when you get ripped off with
18:37
Speaker 2: your salaries.
18:39
Speaker 1: My autoworker friends and my teamster friends, and all of
18:43
Speaker 1: the unions that typically voted Democrat. They're not voting Democrat
18:46
Speaker 1: anymore because worker, whether union or non worker, they're for
18:50
Speaker 1: the Republicans.
18:51
Speaker 2: Now, that's what happened. But we will.
18:54
Speaker 1: Charge them approximately half of what they are and have
18:58
Speaker 1: been charging us, so the tariffs will be not a
19:03
Speaker 1: full reciprocal. I could have done that, yes, but it
19:06
Speaker 1: would have been tough for a lot of countries. We
19:09
Speaker 1: didn't want to do that. I'd like to see the chart.
19:11
Speaker 1: If you have it, could you bring it up, Howard.
19:14
Speaker 1: This is our great Secretary of Commerce, Howard Lutnek.
19:19
Speaker 2: Thanks.
19:22
Speaker 1: So if you look at that China first row, China,
19:27
Speaker 1: sixty seven percent, that's tariff charged to the USA, including
19:33
Speaker 1: currency manipulation and trade barriers. So sixty seven percent. I
19:38
Speaker 1: think you can, for the most part see it. Those
19:40
Speaker 1: with good eyes with bad eyes. We didn't want to
19:42
Speaker 1: bring the it's very windy out here. We didn't want
19:44
Speaker 1: to bring out the big charts because it had no
19:46
Speaker 1: chance of standing. Fortunately, we came armed with a little
19:50
Speaker 1: smaller chart. So sixty seven percent. So we're going to
19:54
Speaker 1: be charging a discounted reciprocal tariff of thirty four percent.
19:58
Speaker 1: I think in otherwise they charge us we charge them.
20:01
Speaker 1: We charge them less, So how can anybody be upset?
20:04
Speaker 1: They will be because we never charge anybody anything. But
20:07
Speaker 1: now we're gonna charge European Union. They're very tough, very
20:12
Speaker 1: very tough traders.
20:15
Speaker 2: You know, you think of European Union, very friendly. They
20:18
Speaker 2: rip us off. It's so sad to see, it's so pathetic.
20:22
Speaker 2: Thirty nine percent.
20:23
Speaker 1: We're gonna charge them twenty percent, So we're charging them
20:26
Speaker 1: potentially half. Vietnam great negotiators, great people.
20:31
Speaker 2: They like me. I like them.
20:32
Speaker 1: The problem is they charge us ninety percent. We're gonna
20:35
Speaker 1: charge them forty six percent tariff. Taiwan where they make
20:40
Speaker 1: they took all of our computer chips and semiconductors. We
20:44
Speaker 1: used to be the king, right, we were everything. We
20:47
Speaker 1: had all of it. Now we have almost none of it.
20:49
Speaker 1: Except the biggest company is coming in. They're gonna have
20:51
Speaker 1: We're gonna end up with almost forty percent.
20:53
Speaker 2: Leez Elden's working to get their.
20:55
Speaker 1: Approvals and it's an amazing company, mister way of one
21:00
Speaker 1: of the great companies of the world. Actually, they're coming
21:02
Speaker 1: in from Taiwan and they're got to build one of
21:04
Speaker 1: the biggest plants in the world. Maybe the biggest for that,
21:08
Speaker 1: but sixty four percent, we're gonna charge them thirty two percent. Japan,
21:12
Speaker 1: very very tough, great people. And again I don't blame
21:17
Speaker 1: the people for doing it. It's I think they're very
21:19
Speaker 1: smart to do it. And I blame the people that
21:20
Speaker 1: sat right in that oval office, right over there, right
21:23
Speaker 1: behind the resolute deska, whichever death they chose. Japan forty
21:29
Speaker 1: six percent, they would charge us forty six percent, and
21:32
Speaker 1: much higher for certain items like cars, you know, little
21:35
Speaker 1: items like cars, forty six percent. We're charging them twenty
21:38
Speaker 1: four percent. India very very tough, very very tough. The
21:44
Speaker 1: Prime Minister just left, and he's a great friend of mine.
21:47
Speaker 1: But I said, you're a friend of mine, but you're
21:49
Speaker 1: not treating us right. They charge us fifty two percent.
21:52
Speaker 1: You have to n't stand. We charge them almost nothing
21:54
Speaker 1: for years and years and decades. And it was only
21:59
Speaker 1: seven years ago when I came in. We started with China, Georgia.
22:03
Speaker 1: We took in hundreds of billions of dollars from China
22:07
Speaker 1: in tariffs, and they understood. Honestly, Presidency understood. He said, look,
22:13
Speaker 1: I understand, and the other countries and they all understand.
22:16
Speaker 2: We're gonna have to.
22:17
Speaker 1: Go through a little tough love maybe, but they all
22:19
Speaker 1: understand they're ripping us off, and they understood it. Prime
22:23
Speaker 1: Minister of Japan, Shinzo was Shinzo Abbi.
22:29
Speaker 2: He was a fantastic man.
22:31
Speaker 1: He was unfortunately taken from US assassination. But I went
22:35
Speaker 1: to him and I said, Shinzo, we have to do
22:38
Speaker 1: something at trade is not fair. He said, I know that.
22:42
Speaker 1: I know that, and he was a great gentleman. He
22:45
Speaker 1: was a fantastic man. But he understood immediately what I
22:50
Speaker 1: was talking about. I said, Shinzo, we have to do something.
22:53
Speaker 1: He said, I know that, and we've worked out a deal,
22:56
Speaker 1: and it would have been a much better deal. But frankly,
22:59
Speaker 1: there were many years and the deal that was made
23:01
Speaker 1: previous to my getting there, but it was it was
23:03
Speaker 1: something if you look at Switzerland sixty one percent to
23:07
Speaker 1: thirty one percent, Indonesia, Malaysia, Cambodia. Who look at Cambodia
23:12
Speaker 1: ninety seven percent, we're going to bring it down to
23:16
Speaker 1: forty nine. They made a fortune with the United States
23:18
Speaker 1: of America, United Kingdom ten percent, and we'll go ten percent.
23:23
Speaker 2: So we'll do the same thing.
23:25
Speaker 1: South Africa, Oh, sixty percent, thirty percent, and they've got
23:29
Speaker 1: some bad things going on in South Africa. You know,
23:33
Speaker 1: we're paying them billions of dollars that we cut the
23:36
Speaker 1: funding because a lot of bad things are happening in
23:38
Speaker 1: South Africa.
23:39
Speaker 2: The fake news ought to be looking at it. They
23:41
Speaker 2: don't want to report it.
23:42
Speaker 1: Brazil ten percent, ten percent, Bangladesh is seventy four percent,
23:48
Speaker 1: so you see what's going on. Pakistan fifty eight percent,
23:53
Speaker 1: Sri Lanka eighty eight percent.
23:57
Speaker 2: So what we're doing is.
23:58
Speaker 1: We're taking not the fall, could take the full eighty
24:00
Speaker 1: eight percent.
24:01
Speaker 2: Thanks a lot. He's doing a very good job. How's
24:03
Speaker 2: he doing all right? I think you better take it
24:06
Speaker 2: with you. It's not gonna last very long. He's gonna
24:09
Speaker 2: put it.
24:10
Speaker 1: It's gonna follow you down with the wind. I brought
24:13
Speaker 1: a hat just in case you got too windy. But
24:15
Speaker 1: here would anybody like a hat I'm giving I'm not
24:19
Speaker 1: giving you to a cabinet. I'm giving it to the
24:21
Speaker 1: auto workers, Thank you, fellas. Yeah, that's it, that's it.
24:33
Speaker 1: They deserve it more than our cabinet. Our cabinet has
24:38
Speaker 1: plenty of hats. But you see the numbers, The numbers
24:41
Speaker 1: are so disproportionate, they're so unfair. At the same time,
24:45
Speaker 1: we will establish a minimum baseline tariff of ten percent
24:49
Speaker 1: you notice that on the chart, and that'll be on
24:52
Speaker 1: other countries to help rebuild our economy and to prevent cheating.
24:56
Speaker 2: So we're gonna have a minimum of cheating and we're.
24:59
Speaker 1: Gonna be very and the people that at the gate
25:02
Speaker 1: that watched the tariffs and watched the product coming in,
25:04
Speaker 1: because there's been a lot of bad things happening at
25:08
Speaker 1: the gate, because the money is so enormous that you're
25:10
Speaker 1: talking about, there's never been probably anything like it in
25:14
Speaker 1: terms of the enormity, and there are a lot of
25:17
Speaker 1: bad things happen at the people that do the check in,
25:20
Speaker 1: and they're looking at ten year jail sentences if they
25:23
Speaker 1: do play, we're going to treat them so good. But
25:24
Speaker 1: if they cheat, the repercussions are going to be extremely strong.
25:29
Speaker 1: Foreign nations will finally be asked to pay for the
25:32
Speaker 1: privilege of access to our market, the biggest market in
25:36
Speaker 1: the world, where right now the biggest.
25:37
Speaker 2: Market in the world.
25:38
Speaker 1: We had a great country four years ago in terms
25:42
Speaker 1: of the economics. We were doubling up on China, we
25:45
Speaker 1: were doing so well, nobody was going to catch us,
25:47
Speaker 1: but so much of it slipped away over the last
25:49
Speaker 1: four years under Biden. I campaigned on this policy throughout
25:54
Speaker 1: last year and today. That promise was made, and it
25:57
Speaker 1: was also a promise, as you know, that was kept.
26:00
Speaker 2: Promise is made, promises kept.
26:06
Speaker 1: To any company that objects to our common sense reciprocal
26:09
Speaker 1: tariffs again reciprocal, back and forth, back and forth, and
26:14
Speaker 1: were I call this kind reciprocal. This is not full reciprocal.
26:19
Speaker 1: This is kind reciprocal. But what we do is we
26:24
Speaker 1: cut it in half.
26:25
Speaker 2: We charge them. My answer is very simple.
26:27
Speaker 1: If they complain, if you want you're tariff right to
26:30
Speaker 1: be zero, then you build your product right here in
26:32
Speaker 1: America because there is no tariff if you build.
26:35
Speaker 2: Your plant, your product in America.
26:38
Speaker 1: And we've seen companies coming in like we've never seen before. Likewise,
26:44
Speaker 1: to all of the foreign presidents, prime ministers, kings, queens,
26:47
Speaker 1: ambassadors and everyone else who will soon be calling to
26:51
Speaker 1: ask for exemptions from these tariffs, I say, terminate your
26:56
Speaker 1: own tariffs, drop your barriers, don't manipulate your currencies. They
27:01
Speaker 1: manipulate their currencies like nobody can even believe, which is
27:05
Speaker 1: a bad bad thing and very devastating to us and
27:08
Speaker 1: start buying tens of billions of dollars of American goods.
27:12
Speaker 1: Tariffs give our country protection against those that would do
27:15
Speaker 1: us economic harm. And many people were looking to do
27:19
Speaker 1: US economic arm. Maybe not so obviously, but they were
27:25
Speaker 1: doing tremendous economic harm. But even more importantly, they will
27:29
Speaker 1: give us growth. These tariffs are going to give us
27:31
Speaker 1: growth like you haven't seen before, and it'll be something
27:35
Speaker 1: very special to watch. I am so looking forward to, Brian.
27:39
Speaker 1: It's gonna happen even faster than you said. You know,
27:41
Speaker 1: you might, you might say, but it's already started. It's
27:45
Speaker 1: already started. Work's already begun on plants all around the country.
27:50
Speaker 1: And you see that as before. These are big rich companies.
27:53
Speaker 1: We have sixty one billion dollars started on a big
27:57
Speaker 1: plant going up. It's going to be announced over the
28:00
Speaker 1: next two days. And they already started work. Many of
28:03
Speaker 1: these biggest, the biggest companies in the world, they've committed to.
28:06
Speaker 2: Build, the build to build. We're going to build, build, build.
28:09
Speaker 1: Sir, And they came here to see me, and they
28:11
Speaker 1: came wanted to know if they could have a press conference.
28:14
Speaker 2: They do as many as I can.
28:15
Speaker 1: I'm pretty busy trying to stop Russia and Ukraine and
28:19
Speaker 1: the Middle East.
28:19
Speaker 2: We got to stop that.
28:21
Speaker 1: We're going to stop the hooties which were making tremendous
28:24
Speaker 1: They like shooting ships down and out of the water
28:27
Speaker 1: seeking chips. They get a kick out of it. But
28:29
Speaker 1: they're not getting such a kick out of it now,
28:31
Speaker 1: are they, mister Secretary. They're not getting such a kick
28:34
Speaker 1: out of that now. But here are just a short
28:38
Speaker 1: list of some of the companies that have already announced
28:41
Speaker 1: and committed to investment. And this is a company that
28:46
Speaker 1: built its factories and its plants in China. Apple is
28:50
Speaker 1: going to spend five hundred billion dollars.
28:54
Speaker 2: They never spent money like that here.
28:56
Speaker 1: They're going to build their plants here, Soft Bank, Open
29:00
Speaker 1: Ai and Oracle, great companies are investing five hundred billion dollars.
29:07
Speaker 2: Almost immediately.
29:09
Speaker 1: Navidia, a hot company, is investing hundreds of billions of dollars.
29:13
Speaker 1: They just announced TSMC, the biggest most important company in
29:18
Speaker 1: the world of chips from Taiwan with no investment from US,
29:22
Speaker 1: is investing two hundred billion.
29:24
Speaker 2: And they said the reason was number one.
29:26
Speaker 1: The election of November fifth, and number two the tariffs.
29:30
Speaker 1: They don't want to pay the tariffs, and the way
29:32
Speaker 1: they're not paying it is to build their plan here.
29:34
Speaker 1: So we're going to go from almost no percentage. We
29:37
Speaker 1: used to have one hundred percent of the chip market.
29:39
Speaker 2: Now it's all in Taiwan.
29:40
Speaker 1: Almost all of it's in Taiwan, couple of other countries,
29:43
Speaker 1: but mostly in Taiwan.
29:44
Speaker 2: And think of it, we had one hundred percent.
29:47
Speaker 1: We lost it because of people in that office that
29:50
Speaker 1: didn't do their job.
29:51
Speaker 2: They allowed it to be stolen from us. Johnson and
29:54
Speaker 2: Johnson Great Company.
29:56
Speaker 1: Fifty five billion dollars, ELI Lilly twenty seven billion, Meta
30:01
Speaker 1: is investing five hundred billion dollars, while the MAC is
30:08
Speaker 1: investing twenty billion, CMA, CGM twenty billion dollars. And then
30:13
Speaker 1: you have Merk and Clariers, Stilantis, General Motors, GE Aerospace,
30:18
Speaker 1: Honda and Nissan, Hyundai are all putting in billions and
30:23
Speaker 1: billions of dollars and they're committed.
30:24
Speaker 2: One hundred percent.
30:27
Speaker 1: And we have never had We've never had And this
30:29
Speaker 1: is after two and a half months. This is not
30:32
Speaker 1: this is after just the short This all took place
30:35
Speaker 1: as soon as we came out with what everybody wanted
30:38
Speaker 1: to do. You know, I watched a gentleman today on television,
30:41
Speaker 1: used to work with Leia Kokova, respected automobile person, and
30:45
Speaker 1: he said, you know, because they're asking people, they try
30:49
Speaker 1: and get as many negative people as they can, but
30:51
Speaker 1: they can't find them too much. It's pretty hard to
30:53
Speaker 1: find in terms of what we're doing, especially when they
30:55
Speaker 1: see all this investment.
30:57
Speaker 2: They said, so.
30:57
Speaker 1: Tell me, what do you think of what is doing
31:00
Speaker 1: from the automobile standpoint?
31:02
Speaker 2: He said, I can't believe it.
31:05
Speaker 1: Somebody is finally he's an older guy, real pro, really
31:09
Speaker 1: top guy with Leiacoci said, I never thought i'd see
31:13
Speaker 1: the day when this would happen where somebody had the
31:15
Speaker 1: courage to go and do what has to be done.
31:17
Speaker 1: This is transforming our nation. Our entire nation is going
31:21
Speaker 1: to be transformed, not only with the cars, but on
31:25
Speaker 1: every single other item that's built. We're going to become
31:28
Speaker 1: an industrial powerhouse. And he said that so beautifully today.
31:32
Speaker 1: In fact, I'm going to find out. I'm going to
31:34
Speaker 1: get a tape and Bruce, I'm going to get that
31:37
Speaker 1: tape and I'm going to send it to you out
31:38
Speaker 1: of Long Island, and you're going to play it for
31:40
Speaker 1: the people and all your union workers and your non
31:43
Speaker 1: union workers out there, you got a pretty even split.
31:47
Speaker 2: But we have so far it looks like we're going to.
31:50
Speaker 1: Have about six trillion dollars of investments, and you wouldn't
31:54
Speaker 1: do that in years in this country over the last
31:57
Speaker 1: number of years. Six trillion dollars, and that's going.
32:00
Speaker 2: To be much higher by the end of the year.
32:03
Speaker 2: And think of what six trillion dollars is.
32:05
Speaker 1: You wouldn't have even a small percentage of that under
32:10
Speaker 1: this other system. We're going to be an entirely different country,
32:12
Speaker 1: and it's going to be fantastic for the workers, it's
32:15
Speaker 1: going to be fantastic for everyone. There will never have
32:18
Speaker 1: been a transformation of a country like the transformation that's
32:21
Speaker 1: already happening in the United States of America. It's an
32:24
Speaker 1: incredible thing to watch, and it's incredible to meet with
32:28
Speaker 1: the top people, people that you read about, very wealthy people,
32:31
Speaker 1: or people that are great managers and executors and presidents
32:36
Speaker 1: of big public companies, and to watch the enthusiasm they
32:39
Speaker 1: have now that they didn't have. They gave up on
32:41
Speaker 1: our country, they went to foreign countries and they built
32:44
Speaker 1: companies are pouring into our country at levels never seen before,
32:48
Speaker 1: with jobs and money to follow, and it's really beautiful.
32:52
Speaker 1: In the coming days, there will be complaints from the
32:55
Speaker 1: globalists and the outsources and special interests and the fake news,
32:59
Speaker 1: always fake news, will always complain, but never forget. Every
33:04
Speaker 1: prediction our opponents made about trade for the last thirty
33:07
Speaker 1: years has been proven totally wrong. They were wrong about NAFTA,
33:11
Speaker 1: they were wrong about China. They were wrong about the
33:15
Speaker 1: Transpecific Partnership, which would have been a disaster.
33:18
Speaker 2: If I didn't terminate it.
33:19
Speaker 1: If I didn't turn that terminate that United Auto Workers,
33:24
Speaker 1: you would have had no jobs in this country. You
33:27
Speaker 1: would have had no jobs. I was all going to
33:30
Speaker 1: other countries in my first term. They said tariffs would
33:35
Speaker 1: crash the economy. Instead we built the greatest economy in
33:39
Speaker 1: the history of the world. And again, I have great
33:41
Speaker 1: respect for presidentcy of China, great respect for China. But
33:45
Speaker 1: they were taking tremendous advantage of them of US.
33:49
Speaker 2: And I commend them for that.
33:50
Speaker 1: I say, hey, if you can get away with it,
33:53
Speaker 1: that's okay. But you know, they understand exactly what's happening,
33:57
Speaker 1: and they probably most of them are saying it's about
34:00
Speaker 1: time they did something. But and they're gonna fight, and
34:03
Speaker 1: they're gonna fight fair.
34:03
Speaker 2: Everyone's going to fight. You know.
34:05
Speaker 1: It's like I say to the leaders, Look, you got
34:08
Speaker 1: to take care of your country, but we have to
34:10
Speaker 1: start taking care of our country now. We can't do
34:12
Speaker 1: what we've been doing for the last fifty years.
34:14
Speaker 2: From the day of my election.
34:16
Speaker 1: The stock market went up in my first term eighty
34:19
Speaker 1: eight percent, with NaSTA going up one hundred and fifty
34:23
Speaker 1: five percent, more than any president has ever had in
34:27
Speaker 1: any term in office by far.
34:31
Speaker 2: And I think we're going to blow that away.
34:33
Speaker 1: And maybe the numbers won't show, but I think they're
34:37
Speaker 1: going to show much better than even those numbers. But
34:39
Speaker 1: what you're going to see is you're gonna see activity
34:41
Speaker 1: that empty, dead sites, factories that are falling down. Those
34:46
Speaker 1: factories will be knocked down and they're gonna have brand
34:48
Speaker 1: new factories built in their place. And not only talking
34:51
Speaker 1: about renovating, they're talking about brand new, the best anywhere
34:54
Speaker 1: in the world, the biggest anywhere in the world. I
34:56
Speaker 1: have a friend who bills car plants, and I said,
34:59
Speaker 1: I want to see the biggest and the best. He said, well,
35:01
Speaker 1: we have to go to Mexico. I said, Now, I
35:04
Speaker 1: want to see it in the United States. He said,
35:05
Speaker 1: we're not building.
35:06
Speaker 2: Them in there.
35:06
Speaker 1: This is a year and a half ago during the
35:08
Speaker 1: campaign he said, we're not building.
35:10
Speaker 2: You'd have to go to Mexico.
35:12
Speaker 1: When I was starting to decide to run, and I
35:15
Speaker 1: went to number one in the polls.
35:16
Speaker 2: Very rapidly, I want to say, I want to like,
35:19
Speaker 2: let's say, in the.
35:20
Speaker 1: First in the first hour, and then shortly thereafter, it
35:24
Speaker 1: looked like I was going to win, and the fake
35:26
Speaker 1: news was saying, oh, no, don't do this. What they
35:29
Speaker 1: don't know is if I didn't win, they would have
35:31
Speaker 1: really been in trouble because nobody wants to read them anyway.
35:35
Speaker 1: But I tell you what, when when it looked like
35:38
Speaker 1: I was going to win, I announced that I was
35:40
Speaker 1: going to be doing exactly what we're talking about today.
35:43
Speaker 2: Great consistency actually because I've been.
35:45
Speaker 1: Talking about it for forty years, but because I saw
35:48
Speaker 1: what was happening forty years ago. If you look at
35:50
Speaker 1: my old speeches when I was young, very handsome, my
35:56
Speaker 1: old speeches and that people would say it'd be on
35:58
Speaker 1: a television show talking about how we were being ripped
36:01
Speaker 1: off by these countries. I mean, nothing changes very much.
36:04
Speaker 1: The only thing to change were the countries. But nothing
36:07
Speaker 1: really changes. But you know, it's it's such an honor.
36:11
Speaker 1: It's such an honor to be finally able to do this.
36:14
Speaker 1: If you look at China, I took in hundreds of
36:18
Speaker 1: billions of dollars in my term, hundreds of billions. They
36:22
Speaker 1: never paid ten cents to any other president, and yet
36:26
Speaker 1: they paid hundreds of billions, so much so that Biden
36:29
Speaker 1: couldn't do anything. They wanted to try and terminate it
36:32
Speaker 1: because he had a very special relationship with China. You
36:36
Speaker 1: know what the relationship was, he had especially, but the
36:40
Speaker 1: numbers were so big, the numbers were so big that
36:45
Speaker 1: they couldn't do it. So they did ease it up.
36:48
Speaker 1: They did things that they shouldn't have done. They made
36:50
Speaker 1: it a lot more comfortable for them, but they couldn't
36:54
Speaker 1: do it because the numbers were hundreds of billions of dollars.
36:57
Speaker 2: And I did that, and.
36:59
Speaker 1: We were on our way to doing something like incredible,
37:03
Speaker 1: and then we had a very bad election. Happened, very
37:05
Speaker 1: bad election. A lot of bad things happened. So when
37:08
Speaker 1: I said we've got to do it again. I said,
37:10
Speaker 1: we have to make it too big to rig, and
37:12
Speaker 1: we made it too big to rig, and we won
37:13
Speaker 1: in records and it was a monumental win. And it
37:18
Speaker 1: was such an honor to see so many of you,
37:21
Speaker 1: like Brian and your friends here with us to celebrate,
37:25
Speaker 1: and to more importantly celebrate what we're doing, because that
37:27
Speaker 1: wouldn't be a full celebration if we didn't do this,
37:30
Speaker 1: Because this will be an entirely different country in a
37:32
Speaker 1: short period of time. It'll be something the whole world
37:36
Speaker 1: will be talking about it. The critics made the very
37:39
Speaker 1: tired predictions earlier this year, but in February, core inflation
37:44
Speaker 1: dropped to the lowest rate in four years, and the
37:47
Speaker 1: price of eggs.
37:48
Speaker 2: As you know, just in a couple of in a
37:49
Speaker 2: month and a half.
37:51
Speaker 1: We were there for four weeks, and the first week
37:56
Speaker 1: I got blamed for eggs. I said, I just got
37:59
Speaker 1: They said eggs have gone up at like two hundred
38:02
Speaker 1: and fifty percent and you can't get eggs, and they
38:05
Speaker 1: were going crazy, and I said, I just got here.
38:09
Speaker 1: And then we got to work on eggs. We got
38:13
Speaker 1: to work on everything. In our great Secretary of Agriculture,
38:17
Speaker 1: you did a fantastic job.
38:18
Speaker 2: Brooke Rollins, you did a fantastic job.
38:21
Speaker 1: And as I said before, the price of eggs dropped
38:25
Speaker 1: now fifty nine percent and they're going down more and
38:27
Speaker 1: the availability is fantastic. They were saying that for Easter,
38:31
Speaker 1: please don't use eggs. Could you use plastic eggs? I said,
38:34
Speaker 1: we don't want to do that. We want to and
38:36
Speaker 1: you really came through. It's an amazing job. Thank you
38:38
Speaker 1: very much, Brooke, you did great. But likewise, an old
38:41
Speaker 1: fashioned term that we use, groceries.
38:43
Speaker 2: I used it in the campaign.
38:45
Speaker 1: It's such an old fashioned term, but a beautiful term, groceries.
38:48
Speaker 1: It says a bag with different things in it. Groceries
38:51
Speaker 1: went through the roof and I campaigned on that. I
38:54
Speaker 1: talked about the word groceries for a lot. And energy
38:58
Speaker 1: costs now are down, groceries down, Gasoline is way under
39:01
Speaker 1: three dollars and people are beginning to be able to
39:05
Speaker 1: buy things and live again.
39:06
Speaker 2: We brought prices way down.
39:08
Speaker 1: We created ten thousand already in a few weeks new
39:12
Speaker 1: manufacturing jobs, and it was that took place in one month,
39:16
Speaker 1: numbers that they haven't seen in a long time. We
39:18
Speaker 1: had virtually no inflation. Under my term, we had virtually
39:22
Speaker 1: no inflation for four years, but after transitioning over to
39:27
Speaker 1: Sleepy Joe, it went from almost nonexistent to the highest
39:31
Speaker 1: in the history of our country. They had the highest
39:33
Speaker 1: inflation in the history of our country, brought up by
39:37
Speaker 1: energy and bad spending and bad policy, and a lot
39:40
Speaker 1: of bad things happened. How about allowing millions and millions
39:44
Speaker 1: and millions of people to pour into our country with
39:46
Speaker 1: open borders where the it's so sad to see even now,
39:52
Speaker 1: and I see our great Secretary of you have done.
39:55
Speaker 2: Stand up, please, Christy, stand up, CHRISTI.
39:59
Speaker 1: Nom and Tom Homan. These the people are doing a
40:06
Speaker 1: great job. But gotten them out in records. We have
40:10
Speaker 1: problems with judges that don't want.
40:11
Speaker 2: Them to go out.
40:12
Speaker 1: They want trend I I raqua and they want MS thirteen,
40:16
Speaker 1: the most vicious gangs ever. Nobody's ever seen anything like
40:19
Speaker 1: in absolute killer gangs. They kill people that don't even
40:22
Speaker 1: think about it, and we put them out. And we
40:24
Speaker 1: have judges now, radical left judges that want to They
40:28
Speaker 1: don't want them to go out, they want them to
40:29
Speaker 1: even be brought back.
40:30
Speaker 2: Let's bring them back.
40:31
Speaker 1: You've done a fantastic job, and please thank everybody, Homeland Security,
40:35
Speaker 1: thank everybody.
40:36
Speaker 2: Appreciate it.
40:40
Speaker 1: And we now have a border that's the best border
40:43
Speaker 1: that we've ever had, even better than it was my
40:47
Speaker 1: first term. My first term we did good, but this
40:49
Speaker 1: one we really specialized and we've done really well. And
40:53
Speaker 1: we had records then we had with the best safest border.
40:56
Speaker 1: Four years ago, we the best border there ever was,
40:59
Speaker 1: and now you've actually matched it and done even better.
41:03
Speaker 2: And we're going to get it down the right way.
41:05
Speaker 1: And we want people, by the way, to come into
41:07
Speaker 1: our country, but we want to come in through a
41:10
Speaker 1: legal process. We want them to come in legally. We
41:13
Speaker 1: need more people. We need people to run these plants
41:16
Speaker 1: and to help the other workers and the teamsters and
41:19
Speaker 1: the non union people and everybody else.
41:21
Speaker 2: But we need people on the farmers.
41:23
Speaker 1: And we're going to let people come in, but they
41:25
Speaker 1: want to come in, we want them to come in legally.
41:27
Speaker 1: They have to have the capability of loving our country.
41:29
Speaker 1: Not people that hate our country. We don't want them
41:31
Speaker 1: in our country. And now we're going to pass the
41:35
Speaker 1: largest tax cuts in American history, and that's where we're
41:39
Speaker 1: relying on Mike and John Thune, and we will not
41:43
Speaker 1: cut Social Security, Medicare or Medicaid benefits, and the Democrats
41:48
Speaker 1: will because if they got in, the entire economy would collapse.
41:53
Speaker 1: This country is heading for a collapse under the people
41:56
Speaker 1: that you saw, they were horrible. I think one of
42:00
Speaker 1: the reasons people liked the job I have my highest
42:02
Speaker 1: approval is because I think they're comparing me to the worst.
42:06
Speaker 2: Administration in the history of our country. So I appreciate
42:09
Speaker 2: that at.
42:10
Speaker 1: Least, but Speaker of the House Mike Johnson and Senate
42:14
Speaker 1: Majority Leader appreciate it. Mike john Thune have been fantastic,
42:19
Speaker 1: by the way, but they've been working tirelessly on taking
42:23
Speaker 1: the next step to pass the plan.
42:25
Speaker 2: For our one big beautiful bill.
42:29
Speaker 1: I'd like to name it that if you can one
42:31
Speaker 1: big I made that statement about six months ago, and
42:34
Speaker 1: everybody calls it one big.
42:35
Speaker 2: Beautiful bill, and it will be that.
42:37
Speaker 1: It'll have everything, the big tax cuts and every incentive
42:40
Speaker 1: there is, and it'll be uh fantastic. And by the way,
42:44
Speaker 1: for the cars, we're asking for an interest deduction on
42:48
Speaker 1: the loan. So if you build the car only in America,
42:51
Speaker 1: we do it.
42:51
Speaker 2: Brian.
42:52
Speaker 1: If the car's not built in America, you don't get
42:54
Speaker 1: the interest rate deduction.
42:56
Speaker 2: But if you.
42:57
Speaker 1: Build the car in America, if you buy a car,
42:59
Speaker 1: if it's built in a America, then you get an
43:02
Speaker 1: interest rate deduction tax deduction. And uh, that's a big thing.
43:06
Speaker 1: It's going to be a big thing. I think that's
43:08
Speaker 1: going to pay for itself very quickly. That deduction never happened.
43:11
Speaker 1: We've never had anything like that before. Somebody said, way
43:13
Speaker 1: do you get the idea? Because it's so basic, you
43:15
Speaker 1: would think that would have happened a long time ago.
43:18
Speaker 1: It never did, and I'm very happy it didn't because
43:22
Speaker 1: now I can say that was my idea. But we're
43:26
Speaker 1: going to get us closer to the debt extension.
43:29
Speaker 2: We have to get the debt extension.
43:31
Speaker 1: Passed, and I know you're going to be able to
43:32
Speaker 1: do that, Mike, and it's very important that you do
43:35
Speaker 1: that and all of the other things that the Senate
43:38
Speaker 1: Budget Plan gives us along with working Because I know
43:40
Speaker 1: they're working together, John and Mike, and the two bills
43:44
Speaker 1: are going very well together. We need to get our
43:46
Speaker 1: shared priorities done, including certain permanent tax cuts. We want
43:50
Speaker 1: the tax cuts to be permanent, spending cuts, energy and
43:54
Speaker 1: historic investments in defense, border, and so much more.
43:58
Speaker 2: We're covering everything. These will be phenomenal.
44:01
Speaker 1: There'll be no bill like it's going to straighten One
44:04
Speaker 1: bill is going to straighten out our country for many,
44:06
Speaker 1: many years to come. And we said, let's just do it,
44:09
Speaker 1: and let's get it done. And some guys will love it,
44:12
Speaker 1: and some guys will like it a little bit less
44:14
Speaker 1: because they're not getting what they were exactly looking for,
44:17
Speaker 1: but they're getting a lot they'll never If we get
44:20
Speaker 1: this done, it'll be the most incredible bill ever passed
44:23
Speaker 1: in the history of our Congress and Senate and congressmen.
44:28
Speaker 1: The senators and the congressmen, many of whom we're here today,
44:31
Speaker 1: will be.
44:31
Speaker 2: Very proud of themselves.
44:32
Speaker 1: I really believe that it's gonna set us on a
44:35
Speaker 1: whole new prosperous path. We're going to cut spending and
44:39
Speaker 1: right size the budget back to where it should be.
44:41
Speaker 1: We're gonna do that very strong. Thank you, Rick, Thank you, John,
44:48
Speaker 1: thank you. Oh look at all of our senators over.
44:51
Speaker 1: Oh boy, that's a nice group of people, But I
44:54
Speaker 1: won't like them so much if they don't get this
44:56
Speaker 1: bill done out.
44:58
Speaker 2: That's a great group.
45:00
Speaker 1: Congressman. Thank you very much. I appreciate it tremendous people.
45:03
Speaker 1: The Senate plan is my complete and total support, and
45:07
Speaker 1: the House plan likewise is very similar.
45:09
Speaker 2: They're moving along pretty much at the same clip.
45:12
Speaker 1: And as soon as you're ready, you'll show it to me,
45:14
Speaker 1: and I'm sure it'll have my support.
45:15
Speaker 2: Mind.
45:16
Speaker 1: Every Republican Congressman and senator must unify. We have to unify.
45:21
Speaker 1: We can't be separated. We have to get it done.
45:24
Speaker 1: We have to get absolutely everything we can, and we
45:27
Speaker 1: have to take care of the American people.
45:28
Speaker 2: That's the only thing that matters.
45:30
Speaker 1: We have to take care of the American people first.
45:32
Speaker 1: We need to pass this bill immediately, get it done,
45:36
Speaker 1: including debt extension. From this day on, We're not going
45:40
Speaker 1: to let anyone tell us that American workers and families
45:43
Speaker 1: cannot have the future that they deserve.
45:46
Speaker 2: We're going to produce.
45:47
Speaker 1: The cars and ships, chips, airplanes, minerals and medicines that
45:51
Speaker 1: we need right here in America. The pharmaceutical companies are
45:55
Speaker 1: going to become roaring back.
45:57
Speaker 2: They're coming roaring back. They're all coming.
45:59
Speaker 1: Back to our country because if they don't, they got
46:02
Speaker 1: a big tax to pay. And if they do, I'll
46:05
Speaker 1: be very happy, and you're going to be very happy,
46:08
Speaker 1: and you're going to be very safe. We're going to
46:09
Speaker 1: build our future with American hands, with American heart, American steel,
46:14
Speaker 1: and we're going to build it with American pride like
46:17
Speaker 1: we used to. We're approaching our one hundredth day as
46:20
Speaker 1: president and have been given credit by a lot of people,
46:25
Speaker 1: actually even some of the fake news can you believe it,
46:29
Speaker 1: which in this case hopefully isn't fake, for having done
46:33
Speaker 1: more in that time than any other administration in the
46:36
Speaker 1: history of our country. In the first one hundred days,
46:39
Speaker 1: I think we've had an amazing in terms of what
46:41
Speaker 1: we've done, what we've gotten accomplished, like to see if
46:45
Speaker 1: we can get that war ended and another war from
46:49
Speaker 1: not starting in the Middle East.
46:51
Speaker 2: We have to get Russia.
46:53
Speaker 1: They're losing two thousand, on average, two thousand five hundred
46:57
Speaker 1: people that they young people, soldiers. Russian think of that
47:01
Speaker 1: two thousand, five hundred through some days, but on average,
47:05
Speaker 1: probably over about a one week period, it's two thousand
47:09
Speaker 1: and seven hundred and twelve. They say they're losing those soldiers,
47:14
Speaker 1: they're dying, they're being decimated, and they're not from our country.
47:18
Speaker 1: But they're from other countries, but they're human beings. They're
47:22
Speaker 1: from Russia, they're.
47:23
Speaker 2: From Ukraine in this period, most of them. And we're
47:27
Speaker 2: going to get it stopped.
47:28
Speaker 1: It's a senseless war that would have never happened if
47:30
Speaker 1: I was president, that it shouldn't be allowed to go on.
47:37
Speaker 2: And I think we're.
47:37
Speaker 1: Being given good cooperation by Russia and by Ukraine, but
47:42
Speaker 1: we have to get it stopped. It's humanity. It's humanity.
47:45
Speaker 1: It's a terrible thing. This will be a very big moment.
47:49
Speaker 1: I think you're going to remember today. It's going to
47:51
Speaker 1: be a free nation that we're dealing with. We're going
47:54
Speaker 1: to have a very free and beautiful nation. It's going
47:57
Speaker 1: to be Liberation Day in America, and it's going to
48:00
Speaker 1: be a day that hopefully you're going to look back
48:02
Speaker 1: in years to come and you're going to say, you know,
48:04
Speaker 1: he was right. This has turned out to be one
48:06
Speaker 1: of the most important days in the history of our country.
48:10
Speaker 2: God bless you, and God bless America. Thank you, everybody,
48:13
Speaker 2: Thank you very much, Thank you, thank you very much.