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00:00So, if you look at that, China — first row — China, 67 percent.
00:09That's tariffs charged to the USA, including currency manipulation and trade barriers.
00:16So 67 percent.
00:18I think you can, for the most part, see it.
00:20Those with good eyes, with bad eyes.
00:22We didn't want to bring — it's very windy out here.
00:24We didn't want to bring out the big charts because it had no chance of standing.
00:29Fortunately, we came armed with a little smaller chart.
00:31So it's 67 percent.
00:34So we're going to be charging a discounted reciprocal tariff of 34 percent.
00:39I think, in other words, they charge us, we charge them, we charge them less.
00:42So how can anybody be upset?
00:45They will be because we never charge anybody anything.
00:47But now we're going to charge.
00:50European Union — they're very tough.
00:52Very, very tough traders.
00:55You know, you think of European Union — very friendly.
00:58They rip us off.
00:59It's so sad to see.
01:01It's so pathetic.
01:02Thirty-nine percent.
01:04We're going to charge them 20 percent.
01:05So we're charging them essentially half.
01:08Vietnam — great negotiators.
01:10Great people.
01:11They like me. I like them.
01:13The problem is they charge us 90 percent.
01:15We're going to charge them 46 percent tariff.
01:19Taiwan, where they make — they took all of our computer chips and semiconductors.
01:24We used to be the king, right?
01:25We were everything.
01:27We had all of it.
01:28Now we have almost none of it, except the biggest company is coming in.
01:31They're going to have — we're going to end up with almost 40 percent.
01:34Lee Zeldin is working to get their approvals.
01:37And it's an amazing company.
01:38Mr. Wei of one of the great companies of the world, actually.
01:42They're coming in from Taiwan, and they're going to build
01:45one of the biggest plants in the world.
01:46Maybe the biggest for that.
01:48But 64 percent.
01:49We're going to charge them 32 percent.
01:51Japan — very, very tough.
01:55Great people.
01:56And again, I don't blame the people for doing it.
01:58It's — I think they're very smart in doing it.
02:00I blame the people that sat right in that Oval Office,
02:02right over there, right behind the Resolute desk
02:05or whichever desk they chose.
02:07Japan, 46 percent.
02:10They would charge us 46 percent,
02:12and much higher for certain items like cars —
02:15you know, little items like cars.
02:17Forty-six percent. We're charging them 24 percent.
02:20India — very, very tough. Very, very tough.
02:23The Prime Minister just left, and he's a great friend of mine.
02:27But I said, You're a friend of mine,
02:28but you're not treating us right.
02:31They charged us 52 percent. You have to understand,
02:33we charge them almost nothing, for years and years and decades.
02:36And it was only seven years ago, when I came in,
02:42we started with China charging.
02:43We took in hundreds of billions of dollars from China in tariffs.
02:49And they understood, honestly.
02:51President Xi understood. He said, Look, I understand.
02:54And the other countries — and they all understand.
02:56We're going to have to go through a little tough love,
02:58maybe, but they all understand.
03:00They're ripping us off, and they understood it.
03:03Prime Minister of Japan, Shinzo, was Shinzo Abe.
03:09He was a fantastic man.
03:11He was, unfortunately, taken from us.
03:14Assassination.
03:15But I went to him and I said, Shinzo,
03:18we have to do something. Trade is not fair.
03:21And he said, I know that. I know that.
03:24And he was a great gentleman. He was a fantastic man.
03:28But he understood immediately what I was talking about.
03:32I said, Shinzo, we have to do something.
03:33He said, I know that. And we worked out a deal.
03:36And it would have been a much better deal,
03:38but, frankly, there were many years left on the deal
03:41that was made previous to my getting there.
03:42But it was — it was something.
03:46If you look at Switzerland, 61 percent to 31 percent.
03:49Indonesia, Malaysia, Cambodia. Oh, look at Cambodia.
03:53Ninety-seven percent. We're going to bring it down to 49.
03:57They made a fortune with the United States of America.
03:59United Kingdom, 10 percent. And we'll go 10 percent.
04:03So we'll do the same thing.
04:06South Africa, oh, 60 percent, 30 percent.
04:09And they've got some bad things going on in South Africa.
04:13You know, we're paying them billions of dollars.
04:16And we cut the funding because a lot of bad things
04:18are happening in South Africa.
04:20The fake news ought to be looking at it.
04:21They don't want to report it.
04:23Brazil, 10 percent, 10 percent. Bangladesh is 74 percent.
04:28So you see what's going on. Pakistan, 58 percent.
04:34Sri Lanka, 88 percent.
04:37So what we're doing is we're taking — not the full.
04:40We could take the full 88 percent.
04:42Thanks a lot, Eric. He's doing a very good job.
04:43How is he doing, Eric?
04:45I think you better take it with you.
04:47It's not going to last very long.
04:49He's going to put it — it's going to follow you down
04:51with the wind.
04:53I brought a hat, just in case it got too windy.
04:55But here — would anybody like a hat?
04:58I'm giving — I'm not giving it to a Cabinet.
05:00I'm giving it to the autoworkers. Come here.
05:03Thank you, fellas. Get it. That's it. That's it.
05:14They deserve it more than our Cabinet.