Donald Trump announces 10% trade tariff on UK imports - watch speech in full

Summary

In a significant address, Donald Trump announced a sweeping 10% trade tariff on imports from the UK as part of a broader strategy to boost American industries. Labeling this as a 'Declaration of Economic Independence,' Trump emphasized the goal of rejuvenating American manufacturing and reducing trade deficits. Through the introduction of reciprocal tariffs, he aims to counteract what he perceives as decades of economic exploitation from foreign nations. The speech outlined bold plans to elevate American production, highlighting potential investments and job creation, while promising that such tariffs would help rebuild the U.S. economy and enhance national security. Trump's address reflects an aggressive stance on trade, coupling protectionist measures with calls for domestic economic revitalization.

Highlights

• Trump unveiled a bold economic plan to reinvigorate American industries using tariffs. 🇺🇸
• Reciprocal tariffs are designed to correct trade imbalances and protect U.S. jobs. 🔄
• Major investments expected in domestic manufacturing to boost employment. 🏗️
• Trump highlighted the impact of previous trade policies that weakened U.S. industries. 🚜
• Aims to establish a 'golden age' for American manufacturing and competitiveness. 🌟

Key Takeaways

• Trump announces a 10% tariff on UK imports aimed at boosting U.S. industries. 🇺🇸
• Aims to reclaim America's economic power with 'Declaration of Economic Independence.' 📈
• Tariffs to act as a countermeasure against decades of economic exploitation. 🛡️
• Plans include significant reinvestment in American manufacturing and job creation. 🏭
• Emphasizes reduction of national debt and strengthening of national security. 💪

Overview

Donald Trump, in a momentous speech, announced imposing tariffs on UK imports, part of a massive economic strategy to reinvigorate American manufacturing. This 'Declaration of Economic Independence' is Trump's answer to years of perceived economic loss under previous administrations. He boldly claims that America will no longer be outmaneuvered by foreign trade policies which he argues have disadvantaged American industries for decades.

Throughout his address, Trump extolled the virtues of his new tariff policy as a means to reclaim lost national wealth and restore the American Dream. Investing heavily in domestic industries and using tariffs as a shield, he projects a revival of U.S. manufacturing capacity that promises to spur job growth and reduce trade deficits. This ambition, he suggests, will bring about an economic resurgence akin to a new 'golden age' for the U.S.

The speech also underscored the broader geopolitical implications of such a policy, with Trump's administration seeking to shift the global economic balance. By instituting these tariffs, the White House intends to secure America's position on the world stage by fostering a robust domestic economy, thereby ensuring national security and global competitiveness. Trump's rhetoric of 'economic warfare' underscores a combative approach to international trade, one that seeks to redefine America’s role in global markets.

Chapters

• 00:00 - 00:30: Introduction and Liberation Day Announcement The chapter introduces the significance of April 2nd, 2025, marking it as 'Liberation Day.' It is portrayed as a pivotal moment for reviving American industry and reclaiming the country's destiny, with the aim of restoring America's wealth and prosperity after years of exploitation.
• 00:30 - 01:30: American Industry Challenges and Pledge for Change This chapter discusses the severe impact of foreign competition on various American industries, highlighting the experiences of steel workers, auto workers, farmers, and skilled craftsmen. It describes how these sectors have been exploited by foreign entities, leading to significant job losses and the dismantling of American factories, contributing to the degradation of the American Dream.
• 01:30 - 02:30: Executive Order on Tariffs The chapter discusses a historic executive order on tariffs, emphasizing that for many years, the country's taxpayers have been exploited. The speaker assures that such exploitation will no longer continue and announces the imminent signing of the executive order to address this issue.
• 02:30 - 03:30: Impact on American Economy The chapter titled 'Impact on American Economy' discusses the imposition of reciprocal tariffs, which are tariffs imposed by the United States on other countries in response to the same. This is described as a straightforward approach to economic policy. The chapter frames this moment as a significant day in American history, equating it to a 'Declaration of Economic Independence.' It highlights how, for many years, American citizens had no choice but to watch as other nations became richer and more powerful at their expense.
• 03:30 - 04:30: Acknowledgment of Supporters The chapter emphasizes the acknowledgment of supporters as a part of the broader narrative. It discusses the potential profitability and prosperity that comes with the current situation, predicting significant economic benefits such as reduced taxes and national debt. It highlights a quick transition towards making 'America great again,' with expectations of job creation and industrial growth.
• 04:30 - 05:30: Critique of Past Trade Policies The chapter titled 'Critique of Past Trade Policies' presents a discussion on the strategic shift towards revitalizing domestic industry. It outlines a vision of returning production to the domestic sphere, which is already underway. The focus is on enhancing the country's industrial capabilities by removing foreign trade barriers and opening up international markets. This shift aims to increase domestic production, leading to increased competition and consequently, lower consumer prices. The narrative positions this transformation as a resurgence of American economic strength, heralding a 'golden age' for the nation.
• 05:30 - 06:30: New Tariff Implementation Details In this chapter, Vice President J.D. Vance is acknowledged as being present at an important event regarding the new tariff implementation. The speaker thanks Vice President Vance multiple times and comments on his growing confidence. Mention is made of Vice President Vance's preference for maintaining a low-key profile, often sitting in an inconspicuous position despite his rising confidence. The speaker also notes that nearly the entire cabinet is present for the occasion, underlining the significance of the event.
• 06:30 - 08:30: Support from the Auto Industry In this chapter, Speaker Mike Johnson is acknowledged for his exceptional work, particularly highlighting a significant success in Florida, resulting in a majority of seven. This is acknowledged as a substantial achievement compared to a previous majority of just one. Many members from the House and Senate, including Senators and Congressmen, are recognized for their participation. The chapter hints at historical trade policies where the United States reduced trade barriers for other countries over the decades.
• 08:30 - 10:30: Defense of New Trade Policies The chapter 'Defense of New Trade Policies' discusses the various unfair trade practices imposed by certain nations that have adversely affected industries. These practices include massive tariffs on products, nonmonetary barriers, and currency manipulation. Additionally, there were issues related to subsidies on exports, intellectual property theft, exorbitant VAT taxes, adoption of unfair rules, and technical standards, all contributing to disadvantages for local products.
• 10:30 - 13:30: Historical Context and Comparison to Past Policies The chapter discusses the issue of 'pollution havens', where highly polluted areas acknowledge their violations and offer to pay for them. It references a comprehensive report by the US Trade Representative on foreign trade barriers. A key point is the accessibility of this report, which is available for free, emphasizing its significance and the effort put into its creation. The discussion implies a historical context of how past policies have unofficially allowed such havens to thrive due to economic exchanges while hinting at the ongoing responsibility of these regions to address their pollution and trade violations.
• 13:30 - 18:30: Plans for Domestic Economic Growth The chapter 'Plans for Domestic Economic Growth' highlights the long-standing neglect by the USA in responding to economic challenges and unfair trade practices faced by American workers. The narrative stresses that, for over 30 years, other countries have imposed unjust tariffs, like Thailand's high duties on motorcycles, while the USA has maintained minimal tariffs. The chapter indicates a shift in policy, marking the end of this passive stance and the beginning of a new phase aimed at protecting American economic interests.
• 18:30 - 21:00: Conclusion and Vision for America's Future This chapter concludes with a discussion on the comparative tariff rates imposed by different countries on automobiles. It highlights the disparity in these charges, with the U.S. historically charging a much lower tariff of 2.5% on foreign automobiles, compared to much higher tariffs by other countries such as India, Vietnam, and the European Union. The chapter emphasizes the need for revisiting these tariffs as part of America's future vision to ensure fair trade practices.

Donald Trump announces 10% trade tariff on UK imports - watch speech in full Transcription

• 00:00 - 00:30 my fellow Americans this is Liberation Day waiting for a long time april 2nd 2025 will forever be remembered as the day American industry was reborn the day America's destiny was reclaimed and the day that we began to make America wealthy again going to make it wealthy good and wealthy for decades our country has been looted
• 00:30 - 01:00 pillaged raped and plundered by nations near and far both friend and foe alike american steel workers auto workers farmers and skilled craftsmen we have a lot of them here with us today they really suffered gravely they watched in anguish as foreign leaders have stolen our jobs foreign cheaters have ransacked our factories and foreign scavengers have torn apart our once beautiful American dream we had an American dream
• 01:00 - 01:30 that you don't hear so much about you did four years ago and you are now but you don't too often and for many years and decades even you didn't hear too much about our country and its taxpayers have been ripped off for more than 50 years but it is not going to happen anymore it's not going to happen in a few moments I will sign a historic executive order instituting
• 01:30 - 02:00 reciprocal tariffs on countries throughout the world reciprocal that means they do it to us and we do it to them very simple can't get any simpler than that this is one of the most important days in my opinion in American history it's our Declaration of Economic Independence for years hardworking American citizens were forced to sit on the sidelines as other nations got rich and powerful much
• 02:00 - 02:30 of it at our expense but now it's our turn to prosper and in so doing use trillions and trillions of dollars to reduce our taxes and pay down our national debt and it'll all happen very quickly with today's action we are finally going to be able to make America great again greater than ever before jobs and factories will come roaring
• 02:30 - 03:00 back into our country and you see it happening already we will supercharge our domestic industrial base we will pry open foreign markets and break down foreign trade barriers and ultimately more production at home will mean stronger competition and lower prices for consumers this will be indeed the golden age of America it's coming back we're going to come back very strongly
• 03:00 - 03:30 we're pleased to be joined on this momentous occasion by Vice President J d vance jd thank you thank you thank you very JD no that's that wasn't too hard to find i was looking you know he likes to take a low-key attitude so it usually be sit right in front he's gaining a lot of confidence Mike isn't it and nearly my entire cabinet is here as well as
• 03:30 - 04:00 Speaker Mike Johnson who's done an amazing job and with the great success we had last night in Florida we have uh a majority of seven and seven's like a lot when we had it at one right you've done a fantastic job and many of the members of the House and Senate are with us senators Congressman thank you all for being with us we appreciate it for decades the United States slashed our trade barriers on other countries while
• 04:00 - 04:30 those nations placed massive tariffs on our products and created outrageous nonmonetary barriers to decimate our industries and in many cases the nonmonetary barriers were worse than the monetary ones they manipulated their currencies subsidized their exports stole our intellectual property imposed exorbitant VAT taxes to disadvantage our products adopted unfair rules and technical standards and created filthy
• 04:30 - 05:00 pollution havens they were absolutely filthy but they always came to us and they said "We're violating we should pay for it." It's all detailed in a very big report by the US Trade Representative on foreign trade barriers and I'll just hold it up for you it's available and you don't have to pay too much as I understand it you'll pay nothing it's a lot of work a lot of work for something actually because it's a special it's a special book it's very frankly it's uh
• 05:00 - 05:30 very upsetting when you read it when you see what people have been doing to us for 30 years this all happened with no response from the United States of America none whatsoever but those days are over let me offer just a few examples of the vicious attacks our workers have faced for so many years the United States charges other countries only a 2.4 tariff on motorcycles meanwhile Thailand and
• 05:30 - 06:00 others are charging much higher prices like 60% india charges 70% Vietnam charges 75% and others are even higher than that likewise until today the United States has for decades charged a 2.5 tariff think of that 2.5% on foreignade automobiles the European Union charges us more than 10% tariffs and they have 20% VATS much much
• 06:00 - 06:30 higher india charges 70% or perhaps worst of all are the non-monetary restrictions imposed by South Korea Japan and very many other nations as a result of these colossal trade barriers 81% of the cars in South Korea are made in South Korea 94% of the cars in Japan are made in Japan toyota sells 1 million foreignade automobiles into the United States and General Motors sells almost
• 06:30 - 07:00 none ford sells very little none of our companies are allowed to go into other countries and I say that friend and foe and in many cases the friend is worse than the foe in terms of trade but such horrendous imbalances have devastated our industrial base and put our national security at risk i don't blame these other countries at all for this calamity i blame former presidents and past leaders who weren't doing their job they
• 07:00 - 07:30 let it happen and they let it happen to an extent that nobody can even believe that's why effective at midnight we will impose a 25% tariff on all foreignade automobiles thank you Brian i'd like to have you come up here for a second okay i just see him sitting he's been a a fan of ours and he understands this business a lot better than the economists a lot
• 07:30 - 08:00 better than anybody brian say a few words please would you thank you Mr it's a great honor to have you thanks thank you Mr president um I grew up just north of Detroit Michigan in Mcome County uh known as the home of the Reagan Democrats my first vote for president was for Ronald Reagan i thought that was going to be the best president I ever saw in my lifetime until Donald J trump came along um I have watched my entire life i have watched plant after plant after
• 08:00 - 08:30 plant in Detroit and in the Metro Detroit area close there are now plants sitting idle there are now plants that are underutilized and Donald Trump's policies are going to bring product back into those underutilized plants there's going to be new investment there's going to be new plants built and the UAW members and I brought 20 of them with me they're sitting right over here we support Donald Trump's policies on tariffs 100% so Mr president we can't
• 08:30 - 09:00 thank you enough and in six months or a year we're going to begin to see the benefits i can't wait to see what's happening three or four years down the road thank you Mr president thank you so much thank you what a great guy he got it right from the beginning he got it before almost anybody else this group over there they got it too and you know we won the state of Michigan we won almost all of them but we won Michigan by a lot and I want
• 09:00 - 09:30 to just thank you all the auto workers were fantastic the Teamsters were fantastic everyone was pretty good I will tell you thank you very much i appreciate it you're going to be uh very happy very soon and uh you probably see what's happening with all of the not only car companies but car companies in particular you see it with uh all of the ones they're moving they're announcing day in day out you're seeing it nobody's ever seen anything like that with today's actions we're also standing up for our great farmers and ranchers who
• 09:30 - 10:00 are brutalized by nations all over the world brutalized canada by the way imposes a 250 to 300% tariff on many of our dairy products they do the first uh the first can of milk they do the first little carton of milk at a very low price but after that it gets bad and then it gets up to 275 300% so when they're figuring what's Canada charging they say "Oh about 2%
• 10:00 - 10:30 3%." But take a look at what happens down the road when you look a little bit it's not a pretty picture and we don't like it and it's not fair it's not fair to our farmers it's not fair to our country and uh with countries like Canada you know we subsidize a lot of countries and keep them going and keep them in business in the case of Mexico it's 300 billion dollars a year in the case of Canada it's close to$200 billion dollars a year and I say why are we doing this why are we doing this i mean
• 10:30 - 11:00 at what point do we say uh you got to work for yourselves and you got to this is why we have the big deficits this is why we have that uh amount of debt that's been placed on our heads over the last number of years and we're really not taking it anymore through non-tariff barriers the European Union bans imports of most American poultry you understand they say "We want to send you our cars we want to send you everything but we're not going to take anything that you have
• 11:00 - 11:30 australia bans and they're wonderful people and wonderful everything but they ban American beef yet we imported three billion dollars of Australian beef from them just last year alone they won't take any of our beef they don't want it because they don't want it to affect their farmers and you know what i don't blame them but we're doing the same thing right now starting about midnight tonight I would say and China charges American rice farmers
• 11:30 - 12:00 an over quotota it's called a tariff rate of 65% south Korea charges 50 actually they charge different from 50% to 513% and Japan our friend charges a 700% but that's because they don't want to selling rice and other thing who can blame them madam Secretary agriculture great job you did on eggs by the way the egg prices came down 50% you got them down 50% once we got
• 12:00 - 12:30 involved they were going through the sky the egg prices they were going through the sky and uh you did a fantastic job now we have lots of eggs and they're much cheaper down about 59% now and they're going down further uh we charge 2 uh 8% for so many things that other countries are charging 200% 300% then 400% for if imposing tariffs and protective barriers made nations poor then every country on earth would be
• 12:30 - 13:00 racing to eliminate these policies and China would be the first in line they run a very strong country but uh they're not first in line and the American people are paying a very big price from 1789 to 1913 we were a tariffbacked nation and the United States was proportionately the wealthiest it has ever been so wealthy in fact that in the 1880s they established a commission to decide what
• 13:00 - 13:30 they were going to do with the vast sums of money they were collecting we were collecting so much money so fast we didn't know what to do with it isn't that a nice problem to have what do you think Marco good problem marco would love that problem but uh we don't have that problem anymore but we're not going to have it very much longer I will tell you but they collected so much money they actually formed a commission to determine what they were going to do with the money who they were going to give it to and how much then in 1913 for
• 13:30 - 14:00 reasons unknown to mankind they established the income tax so that citizens rather than foreign countries would start paying the money necessary to run our government then in 1929 it all came to a very abrupt end with the Great Depression and it would have never happened if they had stayed with the tariff policy it would have been a much different story they tried to bring back tariffs to save our country but it was gone it was gone it was too late nothing could have been done took years and
• 14:00 - 14:30 years to get out of that depression far longer than even FDR had that office right over there for a long period of time the ramp system that's rather intricate was built because of him and every time you walk up you think of him and he did a great job in many ways but it lasted long beyond his terms as you know but it's not too late any longer and we're going to uh start being smart and we're going to start being very wealthy again we're going to be wealthy
• 14:30 - 15:00 as a country because they've taken so much of our wealth away from us we're not going to let that happen we truly can be very wealthy we can be so much wealthier than any country it's not even believable but we're getting smart nearly a century later in the face of unrelenting economic warfare the United States can no longer continue with a policy of unilateral economic surrender we cannot pay the deficits of Canada Mexico and so many other countries we used to do it we can't do it anymore we
• 15:00 - 15:30 take care of countries all over the world we pay for their military we pay for everything they have to pay and then when you want to cut back a little bit they get upset that you're not taking care of them any longer but we have to take care of our people and we're going to take care of our people first and I'm sorry to say that and today we're standing up for the American worker and we are finally putting America first
• 15:30 - 16:00 in sleepy Joe Biden's last year in office the United States hemorrhaged 100,000 manufacturing jobs and the number was going through the roof at levels never seen before and our trade deficit reached a record $1.2 trillion which is unheard of since the beginning of NAFTA the worst trade deal ever made it was a horror show we I was able to determine it they all said you'd
• 16:00 - 16:30 never be able to get it out we had to get approval from Congress to get it terminated we had to live with that deal it was the worst deal worst trade deal ever made by far but since the very beginning of NAFTA our country lost 90,000 factories think of what that is 90,000 think about putting a map up and putting tax on it you wouldn't have enough room 90,000 i said "Is that possible?" We had it checked four different times and it was actually somewhat higher than that and 5 million
• 16:30 - 17:00 manufacturing jobs were lost while racking up trade deficits of 19 trillion dollars that was the worst trade deal ever made as a result of these gigantic losses foreign nations now own 26 trillion dollars more of American assets than American think of this than the Americans own of their own foreign assets or other foreign assets the United States can no longer produce enough antibiotics to treat our sick we
• 17:00 - 17:30 have a tremendous problem we have to go to foreign countries to treat our sick if anything ever happened from a war standpoint we wouldn't be able to do it we import virtually all of our computers phones televisions and electronics we used to dominate the field and now we import it all from different countries a single shipyard in China now produces more ships every year than all of the American shipyards combined think of that and it was a business that we used to dominate we used to dominate it
• 17:30 - 18:00 totally in short chronic trade deficits are no longer merely an economic problem they're a national emergency that threatens our security and our very way of life it's a very great threat to our country and for these reasons starting tomorrow the United States will implement reciprocal tariffs on other nations it's been a long time since we even thought of that we used to think about it a lot we didn't think about it for many decades and you see what's
• 18:00 - 18:30 happened for nations that treat us badly we will calculate the combined rate of all their tariffs non-monetary barriers and other forms of cheating and because we are being very kind we're kind people very kind you're not so kind when you got ripped off with your salaries my autoworker friends and my teamster friends and all of the unions that typically voted Democrat they're not voting Democrat anymore because worker whether union or non-worker they're for
• 18:30 - 19:00 the Republicans now that's what happened but we will charge them approximately half of what they are and have been charging us so 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 who didn't want to do that i'd like to see the chart if you have it could you bring it up Howard this is our great secretary of commerce Howard Lutnik thanks
• 19:00 - 19:30 so if you look at that China first row China 67% that's tariffs charged to the USA including currency manipulation and trade barriers so 67% I think you can for the most part see it those with good eyes with bad eyes we didn't want to bring it's very windy out here we didn't want to bring out the big charts because it had no chance of standing fortunately we came armed with a little
• 19:30 - 20:00 smaller chart so 67% so we're going to be charging a discounted reciprocal tariff of 34% i think in other words they charge us we charge them we charge them less so how can anybody be upset they will be because we never charged anybody anything but now we're going to charge uh European Union they're very tough very very tough traders uh you know you think of European Union very friendly they rip us off it's so sad to
• 20:00 - 20:30 see it's so pathetic 39% we're going to charge them 20% so we're charging them essentially half vietnam great negotiators great people they like me i like them the problem is they charge us 90% we're going to charge them 46% tariff taiwan where they make they took all of our computer chips and semiconductors we used to be the king right we were everything we had all of it now we have almost none of it except
• 20:30 - 21:00 the biggest company is coming in they're going to have we're going to end up with almost 40% lee Zeldon's working to get their approvals and it's an amazing company Mr wei of one of the great companies of the world actually they're coming in from Taiwan and they're going to build one of the biggest plants in the world maybe the biggest for that but 64% we're going to charge them 32% japan uh very very tough uh great people and again I don't blame the people for doing it it's I think they're very smart in
• 21:00 - 21:30 doing it i blame the people that sat right at that Oval Office right over there right behind the Resolute desk or whichever desk they chose japan 46% they were charged us 46% and much higher for certain items like cars you know little items like cars 46% were charging them 24% india very very tough very very tough the prime minister just left and he's a great friend of mine but I said you're a friend of mine but you're not be treating us right they
• 21:30 - 22:00 charge us 52% you have to understand we charge them almost nothing for years and years and decades and it was only uh seven years ago when I came in uh we started with China charged them we took in hundreds of billions of dollars from China in tariffs and they understood honestly President Xi understood he said look I understand and the other countries and they all understand we're going to have to go through a little tough love maybe but they all understand
• 22:00 - 22:30 they're ripping us off and they understood uh prime minister of Japan uh Shinszo was Shinszo Abi he was a fantastic man he was unfortunately taken from us assassination but I went to him and I said "Shinszo we have to do something a trade is not fair." He said "I know that i know that." And he was a great gentleman he was uh a fantastic man but he
• 22:30 - 23:00 understood immediately what I was talking about i said "Shinszo we have to do something." He said "I know that." And we worked out a deal and it would have been a much better deal but frankly uh there were many years left on the deal that was made previous to my getting there but it was it was something uh if you look at Switzerland 61% to 31% Indonesia Malaysia Cambodia oh look at Cambodia 97% we're going to bring it down to 49 they made a fortune with the United States of America united Kingdom 10%
• 23:00 - 23:30 and we'll go 10% so we'll do the same thing south Africa oh 60% 30% and they've got some bad things going on in South Africa you know we're paying them billions of dollars and we cut the funding because a lot of bad things are happening in South Africa the fake news ought to be looking at it they don't want to report it brazil 10% 10% bangladesh is 74% so you see what's
• 23:30 - 24:00 going on pakistan 58% Sri Lanka 88% so what we're doing is we're taking not the full We could take the full 88% thanks a lot he's doing a very good job how's he doing all right i think you better take it with you it's not going to last very long he's going to put it it's going to follow you down with the wind i brought a hat just in case it got too windy but here would anybody like a hat i'm giving I'm not giving it to a cabinet i'm
• 24:00 - 24:30 giving it to the auto workers come here thank you fellas get it that's it that's it they deserve it more than our cabinet our cabinet has plenty of hats but you see the you see the numbers the numbers are so disproportionate they're so unfair at the same time we will establish a minimum baseline tariff of 10% you notice that on the chart and uh
• 24:30 - 25:00 that'll be on other countries to help rebuild our economy and to prevent cheating so we're going to have a minimum of cheating and we're going to be very severe on the people that at the gate that watch the tariffs and watch the product coming in because there's been a lot of uh a lot of bad things happening at the gate because the money is so enormous that you're talking about there's never been probably anything like it in terms of the enormity and there are a lot of bad things happen at the people that do the check-in and
• 25:00 - 25:30 they're looking at 10-year jail sentences if they do play we're going to treat them so good but if they cheat uh the repercussions are going to be extremely strong foreign nations will finally be asked to pay for the privilege of access to our market the biggest market in the world we're right now the biggest market in the world we had a great country four years ago in terms of the economics we were doubling up on China we were doing so well nobody was going to catch us but so much of it slipped away over the last four years
• 25:30 - 26:00 under Biden i campaigned on this policy throughout last year and today that promise was made and it was also a promise as you know that was kept promises made promises kept to any company that objects to our common sense reciprocal tariffs again reciprocal back and forth back and forth and we would I call this kind reciprocal this is not full reciprocal this is kind
• 26:00 - 26:30 reciprocal but what we do is we cut it in half we charge them my answer is very simple if they complain if you want your tariff rate to be zero then you build your product right here in America because there is no tariff if you build your plant your product in America and we've seen companies coming in like we've never seen before likewise to all of the foreign presidents prime ministers kings queens ambassadors and everyone else who will soon be calling
• 26:30 - 27:00 to ask for exemptions from these tariffs I say terminate your own tariffs drop your barriers don't manipulate your currencies they manipulate their currencies like nobody can even believe which is a bad bad thing and very devastating to us and start buying tens of billions of dollars of American goods tariffs give our country protection against those that would do us economic harm and many people were looking to do
• 27:00 - 27:30 us economic harm maybe not uh so obviously but they were doing tremendous economic harm but even more importantly they will give us growth these tariffs are going to give us growth like you haven't seen before and uh it'll be something very special to watch which I am so looking forward and Brian it's going to happen even faster than you said you know you might you might say but it's already started it's already started work's already uh begun on plants all around the country and you
• 27:30 - 28:00 see that it's before these are big rich companies uh we have 61 billion dollars started uh on a big plant going up it's going to be announced over the next two days and they already started work many of these biggest the biggest companies in the world they've committed to build build we're going to build build build sir and they came here to see me and they came wanted to know if they could have a press conference i do as many as I can i'm pretty busy trying to stop Russia and Ukraine and the Middle East
• 28:00 - 28:30 we got to stop that we got to stop the Houthis which were we're making tremendous they like shooting ships down and out of the water sinking ships they get a kick out of it but they're not getting such a kick out of it now are they Mr secretary they're not getting such a kick out of that now but uh here are just a short list of some of the companies that have already announced and committed to investment and this is a company that built its factories and its plants in China apple is going to
• 28:30 - 29:00 spend $500 billion they never spent money like that here they're going to build their plants here softbank Open AI and Oracle great great companies are investing $500 billion dollars almost immediately nvidia a hot company is investing hundreds of billions of dollars they just announced TSMC the biggest most important company in the world of chips from Taiwan uh
• 29:00 - 29:30 with no investment from us is investing 200 billion and they said the reason was number one the election of November 5th and number two the tariffs they don't want to pay the tariffs and the way they're not paying it is to build their plan here so we're going to go from almost no percentage we used to have a 100% of the chip market now it's all in Taiwan almost all of it's in Taiwan a couple of other countries but mostly in Taiwan and uh think of it we had 100% we lost it because of people in that office
• 29:30 - 30:00 that didn't do their job they allowed it to be stolen from us johnson and Johnson great company 55 billion dollars eli Lily 27 billion meta is investing $500 billion wow dmac is investing 20 billion cma CGM $20 billion and then you have Merc and Clarios Stalantis General Motors GE Aerospace Honda Nissan Hyundai are all
• 30:00 - 30:30 putting in billions and billions of dollars and they're committed 100% so and we have never had we've never had and this is after two and a half months this is not this is after just a short this all took place as soon as we came out with what everybody wanted to do you know I watched a gentleman today on television he used to work with Lee Akok a very respected automobile person and he said you know because they're asking people they try and get as many negative
• 30:30 - 31:00 people they can but they can't find them too much it's pretty hard to find terms of what we're doing especially when they see all this investment they said "So tell me what do you think of what Trump is doing from the automobile standpoint?" He said "I can't believe it somebody is finally he's an older guy real pro really top guy with Liakok he said "I never thought I'd see the day when this would happen where somebody had the courage to go and do what has to be done this is transforming our nation
• 31:00 - 31:30 our entire nation is going to be transformed not only with the cars but on every single other item that's built we're going to become an industrial powerhouse." And he he said that so beautifully today in fact I'm going to find out uh I'm going to get a tape and uh Bruce I'm going to get that tape and I'm going to send it to you out in Long Island and you're going to play it for the people and all your union workers and your non-union workers out there you got a pretty even split but we have uh so far it looks
• 31:30 - 32:00 like we're going to have about $6 trillion dollars of investments and you wouldn't do that in years in this country over the last number of years $6 trillion it's and that's going to be much higher by the end of the year and think of what $6 trillion is you wouldn't have even a small percentage of that under this other system we're going to be an entirely different country and it's going to be fantastic for the workers it's going to be fantastic for everyone there will never have been a transformation of a country like the
• 32:00 - 32:30 transformation that's already happening in the United States of America it's an incredible thing to watch and it's incredible to meet with the top people people that you read about very wealthy people or people that are great managers and executives and presidents of big public companies and to watch the enthusiasm they have now that they didn't have they gave up on our country they went to foreign countries and they built companies are pouring into our country at levels never seen before with jobs and money to follow and it's uh
• 32:30 - 33:00 really beautiful in the coming days there will be complaints from the globalists and the outsourcers and special interests and the fake news always the fake news will always complain but never forget every prediction our opponents made about trade for the last 30 years has been proven totally wrong they were wrong about NAFTA they were wrong about China they were wrong about the Trans-Pacific Partnership which would have been a disaster if I didn't terminate it if I
• 33:00 - 33:30 didn't turn that terminate that United Auto Auto Workers you would have had no jobs in this country you would have had no jobs it was all going to other countries in my first term they said tariffs would crash the economy instead we built the greatest economy in the history of the world and again I have great respect for President Xi of China great respect for China but uh they were taking tremendous advantage of them of us and and I commend them for that i say
• 33:30 - 34:00 "Hey if you can get away with it that's okay." But uh you know they understand exactly what's happening and they probably most of them are saying it's about time they did something but uh and they're going to fight and they're going to fight for everyone's going to fight you know it's like uh I I say to the leaders look you got to take care of your country but we have to start taking care of our country now we can't do what we've been doing for the last 50 years from the day of my election the stock market went up in my first term 88% with
• 34:00 - 34:30 NASDAQ going up 155% more than any president has ever had in any term in office by far and I think we're going to blow that away and uh maybe the numbers won't show but I think they're going to show much better than even those numbers but what you're going to see is you're going to see activity that empty dead sites factories that are falling down those factories will be knocked down and they're going to have brand new factories built in their place they're
• 34:30 - 35:00 not only talking about renovating they're talking about brand new the best anywhere in the world the biggest anywhere in the world i have a friend who builds car plants and I said I want to see the biggest and the best he said well we have to go to Mexico he said no I want to see it in the United States he said we're not building them in there this is a year and a half ago during the campaign he said "We're not building you'd have to go to Mexico." When I was starting to uh decide to run and I went to number one in the polls very rapidly I want to say I want to like uh let's
• 35:00 - 35:30 say in the first in the first hour and then shortly thereafter it looked like I was going to win and the fake news was saying "Oh no don't do this." What they don't know is if I didn't win they would have really been in trouble because nobody wants to read them anyway but I tell you what when I uh when it looked like I was going to win I announced that I was going to be doing exactly what we're talking about today great consistency actually because I've been talking about it for 40 years but because I saw what was happening 40
• 35:30 - 36:00 years ago if you look at my old speeches when I was young very handsome my old speeches and that people would say I'd be on a television show I'd be talking about how we were being ripped off by these countries i mean nothing changes very much the only thing that changed were the countries but nothing really changes but it you know it's why it's such an honor it's such an honor to be finally able to do this if you look at China I took in hundreds of billions of dollars in my term hundreds
• 36:00 - 36:30 of billions they never paid 10 cents to any other president and yet they paid hundreds of billions so much so that Biden couldn't do anything they wanted to try and terminate it because he had a very special relationship with China you know what the relationship was he had a special rel but the numbers were so big the numbers were so big that they couldn't do it so they did ease it up they did
• 36:30 - 37:00 things that they shouldn't have done they made it a lot more comfortable for them but they couldn't do it because the numbers were hundreds of billions of dollars and I did that and uh we were on our way to doing something like incredible and then we had a very bad election happen a very bad election a lot of bad things happened so when I said we got to do it again I said we have to make it too big to rig and we made it too big to rig and we won in records and it was a monumental win and it was such an honor to see so many
• 37:00 - 37:30 of you like Brian and your friends uh here with us to celebrate and to more importantly celebrate what we're doing because that wouldn't be a full celebration if we didn't do this because this will be an entirely different country in a short period of time it'll be something the whole world will be talking about it the critics made the very tired predictions earlier this year but in February core inflation dropped to the lowest rate in four years and the price of eggs as you know just in a
• 37:30 - 38:00 couple of in a month and a half we were there for four weeks and the first week I got blamed for eggs i said "I just got here." They said "Eggs have gone up at like 250% and you can't get eggs." And they were going crazy and I said "I just got here." And then we uh we got to work on eggs and we got to work on everything and our great secretary of agriculture you did a fantastic job Brooke Rollins
• 38:00 - 38:30 he did a fantastic job and as I said before the price of eggs dropped now 59% and they're going down more and the availability is fantastic they were saying that for Easter please don't use eggs could you use plastic eggs i said "We don't want to do that we want to and you really came through it's amazing job thank you very much Brooke you did great but likewise an oldfashioned term that we use groceries i used it on the campaign it's such an oldfashioned term but a beautiful term groceries it sort of says a bag with
• 38:30 - 39:00 different things in it groceries went through the roof and I campaigned on that i talked about the word groceries for a lot and energy costs now are down groceries are down gasoline is way under $3 and people are beginning to be able to buy things and live again we brought prices way down we created 10,000 already in a few weeks new manufacturing jobs and it was uh that took place in one month numbers that they haven't seen in a long time we had virtually no
• 39:00 - 39:30 inflation under my term we had virtually no inflation for four years but after transitioning over to Sleepy Joe it went from almost non-existent to the highest in the history of our country they had the highest inflation in the history of our country brought up by energy and bad spending and bad policy and a lot of bad things happened how about allowing millions and millions and millions of people to pour into our country with open borders where the uh it's so sad to
• 39:30 - 40:00 see even now and I see our great secretary of you have done stand up please Christie stand up Christine Gnome and Tom Hman these people are doing a great job but uh gotten them out in records and we have problems with judges that don't want them to go out they want trenda and they want MS-13 the most vicious gangs ever nobody's ever seen
• 40:00 - 40:30 anything like it absolute killer gangs they kill people they don't even think about it and we put them out and we have judges now radical left judges that want to They don't want them to go out they want them to even be brought back let's bring them back you've done a fantastic job and please thank everybody homeland Security thank everybody appreciate it and we now have a border that's uh the best border that uh we've ever had even better than it was my first term my first term we did good but this one we
• 40:30 - 41:00 really specialized in we've done really well and we had records then we had the with the best safest border four years ago we had the best border there ever was and now we have uh you've actually matched it and done even better and we're going to get it down the right way and we want people by the way to come into our country but we want the to come in through a legal process we want them to come in legally we need more people we need people to run these plants and to help the auto workers and the teamsters and the non-union people and
• 41:00 - 41:30 everybody else but we need people and the farmers and we're going to let people come in but they want to come in we want them to come in legally they have to have the capability of loving our country not people that hate our country we don't want them in our country and now we're going to pass the largest tax cuts in American history and that's where we're relying on Mike and John Thun and we will not cut Social Security Medicare or Medicaid benefits and the Democrats will because if they got in
• 41:30 - 42:00 the entire economy would collapse this country was heading for a collapse under the people that you saw uh they were horrible i think one of the reasons people like the job I have my highest approval ratings is because I think they're comparing me to the worst administration in the history of our country so I appreciate that at least but Speaker of the House Mike Johnson and Senate Majority Leader appreciate it Mike John Thun have been fantastic by
• 42:00 - 42:30 the way but they've been working tirelessly on taking the next step to pass the plan for our one big beautiful bill i'd like to name it that if you can one big be I made that statement about six months ago and everybody calls it one big beautiful bill and it will be that it'll have everything the big tax cuts and every incentive there is and it'll be uh fantastic and by the way for the cars we're asking for an interest deduction on the loan so if you build the car only
• 42:30 - 43:00 in America we do it Brian if the car is not built in America you don't get the interest rate deduction thank you but if you build the car in America if you buy a car if it's built in America then uh you get an interest rate deduction tax deduction and uh that's a big thing it's going to be a big thing i think that's going to pay for itself very quickly that deduction never happened we've never had anything like that before somebody said "Where do you get the idea?" Because it's so basic you would think that would have happened a long time ago it never did and uh I'm very
• 43:00 - 43:30 happy it didn't because now I can say that was my idea but we're going to get us closer to the debt extension we have to get the debt extension passed and I know you're going to be able to do that Mike and it's very important that you do that and all of the other things that the Senate budget plan gives us along with working because I know they're working together John and Mike and the two bills are going very well together we need to get our shared priorities done including certain
• 43:30 - 44:00 permanent tax cuts we want the tax cuts to be permanent spending cuts energy and historic investments in defense border and so much more we're covering everything these will be phenomenal there'll be no no bill like that's going to straighten one bill is going to straighten out our country for many many years to come and we said let's just do it and let's get it done and some guys will love it and some guys will like it a little bit less because they're not getting what they were exactly looking for but they're getting a lot they'll
• 44:00 - 44:30 never if we get this done it'll be the most incredible bill ever passed in the history of our Congress and Senate and Congressmen the senators and the congressmen many of whom are here today can will be very proud of themselves i really believe that it's going to set us on a whole new prosperous path we're going to cut spending and rightsize the budget back to where it should be we're going to do that very strongly thank you Rick thank you John thank you oh look look at all of our
• 44:30 - 45:00 senators over there oh boy that's a nice group of people but I won't like them so much if they don't get this bill done i That's a great group and Congressman thank you very much i appreciate it tremendous people the Senate plan is my complete and total support and the House plan likewise is very similar they're moving along pretty much at the same clip and as soon as you're ready you'll show it to me and I'm sure it'll have my support mike every Republican congressman and senator must unify we
• 45:00 - 45:30 have to unify we can't be separated we have to get it done we have to get absolutely everything we can and we have to take care of the American people that's the only thing that matters we have to take care of the American people first we need to pass this bill immediately get it done including debt extension from this day on we're not going to let anyone tell us that American workers and families cannot have the future that they deserve we're going to produce the cars and ships chips airplanes minerals and medicines
• 45:30 - 46:00 that we need right here in America the pharmaceutical companies are going to become roaring back they're coming roaring back they're all coming back to our country because if they don't they got a big tax to pay and if they do uh I'll be very happy and you're going to be very happy and you're going to be very safe we're going to build our future with American hands with American heart American steel and we're going to build it with American pride like we used to we're approaching our 100th day
• 46:00 - 46:30 as president and have been given credit by a lot of people actually even some of the fake news can you believe it which in this case hopefully isn't fake for having done more in that time than any other administration in the history of our country in the first 100 days i think we've had an amazing in terms of what we've done what we've gotten accomplished like to see if we can get that war ended and another uh war from not starting in the Middle
• 46:30 - 47:00 East we have to get Russia they're losing 2,000 on average 2,500 people a day young people soldiers Russian think of that 2,500 through some days and but on average probably over about a one week period it's 2,712 they say they're losing those soldiers they're dying they're being decimated and they're not from our country but they're from other countries
• 47:00 - 47:30 but they're human beings they're from Russia they're from Ukraine in this period most of them and we're going to get it stopped it's a senseless war that would have never happened if I was president and it shouldn't be allowed to go on and I think we're being given good cooperation by Russia and by Ukraine but we have to get it stopped it's humanity it's humanity it's a terrible thing this will be a very uh big moment i think
• 47:30 - 48:00 you're going to remember today it's going to be a free nation that we're dealing with we're going to have a very free and beautiful nation it's going to be liberation day in America and it's going to be a day that hopefully you're going to look back in years to come and you're going to say you know he was right this has turned out to be one of the most important days in the history of our country god bless you and God bless America thank you everybody thank you very much thank you