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President Donald Trump's Huge Tariff Update!
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President Donald Trump's Huge Tariff Update! #ElonMusk #DonaldTrump Source: The White House Follow me on X https://x.com/Astronautman627?t=RFQEunSF2NwRkCOBc6PkkQ&s=09
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BTW, this is going to be a very interesting year.
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We have an interesting time. We're making a Fortune with tariffs. $2 billion a day. Do you believe it? I was told $2 billion a day. You know, I get hit by the press about tariffs. We're making 2 billion. Billion. This isn't 35 million. That's peanuts. $2 billion a day. In addition, we have a lot of countries coming to see us. They want to make a deal. And I really think we're helped a lot by the tariff situation that's going on. Which is a good situation, not a bad. It's great. It's going to be legendary. You watch. Legendary in a positive way, I have to say. It's going to be legendary. And I do think that the war with the world, which is not a war at all because they're all coming here. Japan is coming here as we speak. They're in a plane, flying, lots of them. All tough negotiators, but things that people wouldn't have given us two years ago, wouldn't have even thought of it two years ago, three years ago, five years ago, seven. They're giving us everything. They don't want tariffs on themselves. And it's very simple. We're making deals and people are paying tariffs. Countries are paying tariffs. Right now China is paying a 104% tariff. Think of it. 104%. Now, it sounds ridiculous, but they charged us for many items. 100%, 125%. Many countries have. They've ripped us off left and right, but now it's our turn to do the ripping. That's okay, but the shrill voices that you're hearing this week about tariffs are the same scoundrels and frauds who thought twice about when the United States lost 90,000 factories and plants. Think of that. 90,000. How do you do 90? If you had a map, a big map the size of that wall and you had a pin for each factory, you wouldn't have enough Room. You think of it. 90,000 factories since NAFTA. The worst trade deal in history, by the way. And we had it terminated. Everybody said you'd never be able to. It had to be terminated by Congress. And it was not easy. It was so bad. You know, the people have a lot of. It's very interesting. They have a lot of power. They have a lot of political power. It's hard to get even a bad deal terminated. But we did do it, and we got usmca. And that's. That's been really great. But when they cheat, it's not so good. And they cheat. They do cheat. You know, I respect Mexico, I respect Canada, but they cheat like hell. You know, Canada charges for our dairy products 270%. Nobody knows that. They charge you 2% for the first two cartons of milk, and after that you go up to 270. And the presses, they've only charged 2%. No, that's for the first two cartons. So it's, you know, we can't have that. And we have to be wise to it and get along with everybody, but we have to call people out. Six million manufacturing jobs were lost since nafta. I'm proud to be the president for the workers, not the outsourcers. The president who stands up for Main street, not Wall street, who protects the middle class, not the political class, and who defends America, not trade cheaters. All over the globe, they're trade cheaters. They cheated on us. They cheated with tariffs on us. They stole our money, they stole our jobs. And now people are going around saying, oh, we're not treating them right now. We're treating them very good, actually. They're lucky we're treating them so good. And, you know, when I have tariffs and I say, well, we're going to charge what they did, we're going to charge what they did. And then I say, I'm going to charge much less than they did, believe me. We're actually being nice about it. But we're doing very well, better than we've ever done before. My job is not to maximize the profits of outsourcers and foreign. I mean, these foreign corporations are horrible. It's horrible what they're doing, but we're catching them. We're catching them by the dozens. My job is defend the. I have to defend the American dream and I have to defend the American citizens. That's my job. I have to defend that. The American dream is never mentioned. It was mentioned for four years, and now it's being Mentioned again, but it was never mentioned. The United States has been getting ripped off for 50 years, and we're simply not going to take it anymore. And that's what's happening right now. In 1950, the United States dominated global auto production, producing more than 75% of all of the cars on Earth. Think of that. 75% and even higher before that. Today we produce 11% while China produces three times more than we do. Let me tell you something. With the tariffs that we're doing. As you know, we have tariffs on automobiles, aluminum, steel, separate from the other tariffs, the baseline, we call it. Companies are pouring back into our country with plants. There's a run on sites, there's a run on old plants. Most of them are being ripped down for new plants. They stopped building in Mexico, four or five plants, and they come. They're all coming into the United States. I know what the hell I'm doing. I know what I'm doing. And you know what I'm doing, too. That's why you vote for me. And the chip makers are coming in. They're all coming in. We've never had anything like this. We have investment. They think of about seven. Think of this $7 trillion. And that's been in a month and a half. Think of that for the first. Like you got to give me a little time to get warmed up with that. So let's take the first couple of weeks off for about a month and a half. We got seven. Almost $7 trillion. Spoken for. Trillion. We've never had that. I don't know if we've ever had it anytime. These are the biggest chip makers in the world, the biggest auto manufacturers in the world. $7 trillion of investment. And that means jobs. I look at differently, not investment. I look at it as jobs. And they're coming in at levels that we've never seen before. And it is true that Mexico, they've stopped building plants and those plants are now going to be built in the United States of America. So it's pretty exciting. All because of two things. They say they want to be nice to me. They say, sir, because of November 5th, the election, and because of tariffs, I said, in that order. And the smart ones say, yes, sir. First was that you got elected. And second was tariffs. And I'll accept that, you know, but I will tell you, because of tariffs, but I'm the only one that would have done the tariffs. Because everybody was afraid. They were afraid of being criticized because the globalists will go after you. For seven decades, American ships have patrolled the seas. American troops have kept the pace and peace and American wealth has enriched the globe. But despite all we have given to them, you will not find an American car in Berlin, in Tokyo, in Seoul, in Shanghai. Not a car. I used to say to Angela Merkel, Angela, how many Chevrolets do we have in Berlin? Why, none, Donald. None. That's right, Angela, you got it. How many Chevrolets do you think we have in Munich, Angela? None, Donald. I said you sent us 7 million cars last year. So we're going to start buying American made cars or cars that are manufactured in America. In China, as you know, is one of the bigger offenders. And it's not all China. Look, I get along with President Xi. I have over the years. But you know, you just. When Covid came, that was the end. That was it. That was called the Bridge Too Far. But I've always had a good relationship with a very smart guy. Loves his country. I love our country. So, you know, we love our country. He loves his. I tell that to other leaders. You got to fight for your country. That's. You're not going to fight for us, but we can't fight for you. We're fighting for other countries. We're trying to make them great without making us great. But those days are over. They steal our intellectual property. They rob our trade secrets. They manipulate their currency to levels that have never been seen before. Today it was announced that China is reducing its currency. Did you see that? Big, big. In other words, they're going to make up for it. They got every trick on the book. I'll tell you, they are great. You got to hand it to them. You got to hand it to them. They're manipulating their currency today as an offset against the tariffs. Not supposed to do that. The game isn't supposed to be played that way. Makes it very hard for us. But in the end it's not good because they have to buy oil. See, we don't need oil. We don't need oil and gas. We have more than any other country, they have to buy it. That's where it hurts them. When they do that, it costs them twice as much. And they ship their products through every one of our trading partners running up our deficits. With these countries, they sell a lot. You know, when you put a tariff on them, they sell it. Like with steel. They were dumping tremendous amounts of steel into our country. During my term, I saved every steel mill, every. We only have steel mills. Because of what I did. I put a high tariff on them. 25 and then 50%. And it stopped. It stopped. They were dumping so much steel, we would have lost every single steel mill. The people that like me best are the people in the steel business. But I think the auto business is going to be right there. I think chips are going to be there. I think pharmaceuticals are going to be there. Because, you know, we don't make our own pharmaceuticals, drugs and other things to get better. They're made in other countries. And you pay a number of. I mean, the same package in our country compared to like, London and other places is sometimes 10 times more. 10 times more. Something that sells for $88 in London, sells for $1,300 here, made in the same factory by the same company. And that's over. I told them all that's over. They put all of their research and development. They put everything. But what they don't tell you is that these other countries are smart. They say you can't charge more than $88, otherwise you can't sell your product. And the drug companies listen to them. But we're going to do something that we have to do. We're going to put. We're going to tariff our pharmaceuticals, and once we do that, they're going to come rushing back into our country because we're the big market. The advantage we have over everybody is that we're the big market. So we're going to be announcing very shortly a major tariff on pharmaceuticals. And when you. And when they hear that they will leave China, they will leave other places because they have to sell. Most of their product is sold here. And they're going to be opening up their plants all over the place in our country. We're going to be announcing that. So that's breaking news, ladies and gentlemen. We have breaking news. That's what's going to happen. What other presidents allow China to get away with is absolutely criminal. But I'm not like the other presidents. And it's not going to happen under President Trump. It's just not going to happen. After all of the abuses they've perpetrated, China is attempting to impose additional unjustified tariffs. Just so you understand, they all got rich because of tariffs. You know, now when we do it, oh, it's so terrible what Trump is doing. It's so terrible. They got rich. And not only China, many countries, I mean, you look at Vietnam, you look at so many, I could name 50 right now. Biden couldn't do that. He couldn't name any. Name one country, name any country. What's the name of our country? He doesn't know. That's why. Additional tariffs on Chinese goods are in place, effective midnight tonight at 104%. Until they make a deal with us, that's what it's going to be. I think they'll make a deal. At some point, China will. They want to make a deal. They really do. They want to make a deal. They just don't know how to get it started because they're proud people. China will now pay a big number to our treasury. This is all taxes. And don't let them keep telling you that this is a tax on our people. I hate that. You know, they say it's a tax. No. Often much of it is paid. And hey, look what happened during my first term. We had no inflation, and yet I took in hundreds of billions of dollars in tariffs and taxes from China. No other president got 10 cents in tariffs or taxes from China. I got hundreds of billions of dollars, hundreds of billions of dollars. And I still got along with them because they understood what they were doing was wrong. They understood it. It's. When you explain it, they sit up, they say, I've had numerous leaders tell me, you're right. Sir. I was waiting for you to bring this up because some of the trade deals that were made by predecessors as president were so bad, you almost wonder who did these deals. They were either crooked or stupid. They could be nothing else. They were either stupid or crooked. It's terrible, but it's all being changed. I change a lot of it in the first four years, but it's all being changed. You know, in the first four years, we had the most successful country in history in terms of economics, we had 88% increase. In the stock markets, we had an 88% increase. There's never been any president that had an 88% increase. We had 88%. And there are a lot of happy people. And I think we're going to do much better than that this time, because this time I'm doing what I want to do with respect to the tariffs, I think we're going to do much better. And just remember the numbers. When you get up to 2 billion a day. 2 billion a day. They're saying, sir, can't be that tenant. I said, yeah, it can. It's the biggest, the biggest transaction ever made. This is bigger than any deal. You guys, some of you work for companies. Your companies are peanuts. I don't care how big they are compared. This is the largest transaction in the history of our country. And don't let some of these politicians go around saying, you know, because I'm telling you, these countries are calling us up, kissing my ass. They are. They are dying to make a deal. Please, please, sir, make a deal. I'll do anything. I'll do anything, sir. And then I'll see some rebel Republican, you know, some guy that wants to grandstand, say, I think that Congress should take over negotiations. Let me tell you, you don't negotiate like I negotiate. Congress takes over negotiating. Sell America fast because you're going to go busted. You don't. I just saw it today. A couple of your congressman said, I think we should get involved in the negotiation of the tariffs. Oh, that's what I did. I did some. Some guy telling me how to negotiate. I tell you, the happiest people in the world would be China. They wouldn't be paying 104%. I tell you, they'd be paying no percent. Would be paying them 104%. That's the beauty is these guys, we got to be careful. And even the concept of it hurts your negotiation. When they see a little story like that, the other side, you know, it hurts your negotiation. And then the fake news wants to build it up and it has no chance anyway. Cha, cha, cha, cha.
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