Trump shows chart unveiling global reciprocal tariffs

The Manila Times

Trump shows chart unveiling global reciprocal tariffs  US President Donald Trump showed a chart unveiling global reciprocal tariffs during an event at the White House on Wednesday, April 2.  Trump held up a board showing the new rates charged on most countries. Rates ranged from 10% to 49% on the first board and up to 50% on later boards.  With a few exceptions, based on the charts Trump read out, the tariff rate being imposed by the US on most countries was around half of what those countries charged. There were some exceptions in which the US charged the exact rates that those countries charged, according to the chart.  “The tariffs will be not a full reciprocal. I could have done that, yes, but it would have been tough for a lot of countries. We didn't want to do that,” Trump said.   REUTERS / US NETWORK POOL   Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe    Visit our website at https://www.manilatimes.net    Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Tune In: https://tmt.ph/tunein   #TheManilaTimes #tmtnews #donaldtrump #tariffs

Transcript

00:00never be able to get it out.

00:01We had to get approval from Congress.

00:04The tariffs will be not a full reciprocal.

00:09I could have done that, yes,

00:11but it would have been tough for a lot of countries

00:13who didn't want to do that.

00:14I'd like to see the chart, if you have it.

00:17You bring it up, Howard.

00:18This is our great Secretary of Commerce.

00:24So, if you look at that, China, first row,

00:28China, 67 percent.

00:30That's tariffs charged to the USA,

00:34including currency manipulation and trade barriers.

00:37So, 67 percent.

00:39I think you can, for the most part, see it.

00:41Those with good eyes, with bad eyes.

00:43We didn't want to bring — it's very windy out here.

00:45We didn't want to bring out the big charts

00:47because it had no chance of standing.

00:50Fortunately, we came armed with a little smaller chart.

00:54So, 67 percent.

00:55So, we're going to be charging a discounted

00:58reciprocal tariff of 34 percent.

01:00I think, in other words, they charge us,

01:02we charge them, we charge them less.

01:04So, how can anybody be upset?

01:06They will be because we never charge anybody anything.

01:09But now we're going to charge.

01:11He understood.

01:12He said, look, I understand.

01:13And the other countries — and they all understand.

01:16You know, you think of European Union, very friendly.

01:19They rip us off.

01:20It's so sad to see.

01:22It's so pathetic.

01:23Thirty-nine percent.

01:25We're going to charge them 20 percent.

01:26So, we're charging them essentially half.

01:29You know, little items like cars.

01:31Forty-six percent.

01:32We're charging them 20 percent.

01:34So, what we're doing is we're taking not the full.

01:37We could take the full 88 percent.

01:39Thanks a lot.

01:40He's doing a very good job.

01:41How's he doing, huh?

01:43Ten percent.

01:43You notice that on the chart.

01:45And that'll be on other countries.

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