Speaker 1: Is going to be very interesting year. We have an
Speaker 1: interesting time. We're making a fortune with tariffs. Two billion
Speaker 1: dollars a day. Do you believe it? I was told
Speaker 1: two billion dollars a day. You know, I get hit
Speaker 1: by the press about tariffs. We're making two billion billion.
Speaker 1: This is in thirty five million. That's peanuts, two billion
Speaker 1: dollars a day. In addition, we have a lot of
Speaker 1: countries coming to see us. They want to make a deal.
Speaker 1: And I really think we're helped a lot by the
Speaker 1: tariff situation that's going on, which is a good situation.
Speaker 1: Not about it's great. It's going to be legendary. You
Speaker 1: watch legendary in a positive way. I have to say
Speaker 1: it's going to be legendary. And I do think that
Speaker 1: the war with the world, which is not a war
Speaker 1: at all, because they're all coming here. Japan is coming
Speaker 1: here as we speak. They're in a plane flying, lots
Speaker 1: of them. All tough negotiators, but things that people wouldn't
Speaker 1: have given us two years ago, wouldn't have even thought
Speaker 1: of it two years ago, three years ago, five years ago, seven.
Speaker 1: They've given us everything. They don't want tariffs on themselves,
Speaker 1: and it's very simple we're making deals and people are
Speaker 1: paying tariffs. Countries are paying tariffs right now. China's paying
Speaker 1: a one hundred and four percent tariff. Think of it,
Speaker 1: one hundred and four percent. Now, it sounds ridiculous, but
Speaker 1: they charged us for many items one hundred percent, one
Speaker 1: hundred and twenty five percent. Many countries have. They've ripped
Speaker 1: us off left and right. But now it's our turn
Speaker 1: to do the ripping. That's okay. But the shrill voices
Speaker 1: that you're hearing this week about tariffs are the same
Speaker 1: scoundrels and frauds who never thought twice about when the
Speaker 1: United States lost ninety thousand factories and plants. Think of that,
Speaker 1: ninety thousand. How do you do ninety If you had
Speaker 1: a map, a big map, the size of that wall,
Speaker 1: and you had a pin for each factory, you would
Speaker 1: have enough room. You think of it. Ninety thousand factories
Speaker 1: since NAFTA the worst trade deal in history, by the way,
Speaker 1: and we had it terminated. Everybody said you'd never be
Speaker 1: able to had to be terminated by Congress, and it
Speaker 1: was not easy. It was so bad. You know, the
Speaker 1: people have a lot of it's very interesting. They have
Speaker 1: a lot of power. They have a lot of political power.
Speaker 1: It's hard to get even a bad deal terminator. But
Speaker 1: we did do it and we gets USMCA, and that's
Speaker 1: that's been really great. But when they cheat, it's not
Speaker 1: so good. And they cheat, they do cheat. You know,
Speaker 1: I respect Mexico, I respect Canada, but they cheat like hell.
Speaker 1: You know, Canada charges for our dairy products two hundred
Speaker 1: and seventy percent. Nobody knows that they charge you two
Speaker 1: percent for the first two cartons of milk and after
Speaker 1: that you go up to two hundred and seventy and
Speaker 1: the presses they've only charged two percent. No, that's for
Speaker 1: the first two cartons. So it's uh, you know, we
Speaker 1: can't have that, and we have to be wise to
Speaker 1: it and get along with everybody, but we have to
Speaker 1: call people out. Six million manufacturing jobs were lost since NAFTO.
Speaker 1: I'm glad to be the president for the workers, not
Speaker 1: the outsources. The president stands up from Main Street now
Speaker 1: Wall Street, who protects the middle class, not the political class,
Speaker 1: and who defends America not trade cheaters. All over the globe.
Speaker 1: They're trade cheaters. They cheated on us, they cheated with
Speaker 1: tariffs on us, They stole our money. They stole our jobs.
Speaker 1: And now people are going around saying, oh, we're not
Speaker 1: treating them right now, we're treating them very good. Actually
Speaker 1: they're lucky. We're treating them so good. And you know
Speaker 1: when I have tariffs and I say, well, we're going
Speaker 1: to charge what they did. We're going to charge what
Speaker 1: they did, and then I say, I'm going to charge
Speaker 1: much less than they did. Believe me, we're actually being
Speaker 1: nice about it. But we're doing very well, better than
Speaker 1: we've ever done before. My job is not to maximize
Speaker 1: the profits of outsources and foreign car I mean, these
Speaker 1: foreign corporations are horrible. It's horrible what they're doing. But
Speaker 1: we're catching them. We're catching them by the dozens. My
Speaker 1: job is to defend the I have to defend the
Speaker 1: American dream and I have to defend the American citizens.
Speaker 1: My job I have to defend that the American dream
Speaker 1: is never mentioned. It was mentioned for four years and
Speaker 1: now it's being mentioned again, but it was never mentioned.
Speaker 1: The United States has been getting ripped off for fifty
Speaker 1: years and we're simply not going to take it anymore.
Speaker 1: And that's what's happening right now. In nineteen fifty, the
Speaker 1: United States dominated lobo auto production, producing more than seventy
Speaker 1: five percent of all of the cars on I think
Speaker 1: of that, seventy five percent and even higher before that.
Speaker 1: Today we produce eleven percent, while China produces three times
Speaker 1: more than we do. Let me tell you something with
Speaker 1: the tariffs that we're doing is you know, we have
Speaker 1: tariffs on automobiles aluminum seal separate from the other tariffs,
Speaker 1: the baseline we call it. Companies are pouring back into
Speaker 1: our country with plants. There's a run on sites. There's
Speaker 1: a run on old plants. Most of them are being
Speaker 1: ripped down for new plants. They stopped building in Mexico,
Speaker 1: four or five plants, and they're all coming into the
Speaker 1: United States. I know what the hell I'm doing. I
Speaker 1: know what I'm doing, and you know what I'm doing too.
Speaker 1: That's why you vote for me. And the chip makers
Speaker 1: are coming in. They're all coming in. We've never had
Speaker 1: anything like this. We have investment. They think of about
Speaker 1: seven think of this, seven trillion dollars and that's been
Speaker 1: in a month and a half. Think of that for
Speaker 1: the first Like, you've got to give me a little
Speaker 1: time to get warmed up with that. So let's take
Speaker 1: the first couple of weeks off for about a month
Speaker 1: and a half, we got seven almost seven trillion dollars
Speaker 1: spoken for trillion. We've never had that. I don't know
Speaker 1: if we've ever had it any time. These are the
Speaker 1: biggest chip makers in the world, the biggest auto manufacturers
Speaker 1: in the world. Seven trillion dollars of investment, and that
Speaker 1: means jobs. I look at differently, not investment. I look
Speaker 1: at it as jobs. And they're coming in at levels
Speaker 1: that we've never seen before. And it is true that
Speaker 1: Mexico they've stopped building plans, so those plants are now
Speaker 1: going to be built in the United States America. So
Speaker 1: it's pretty exciting. Well, because of two things. They say.
Speaker 1: They want to be nice to me. They say, sir,
Speaker 1: because of November fifth, the election, and because of tariffs.
Speaker 1: I said in that order, and the smart one say yes, sir.
Speaker 1: First was that you got elected, and second was tariffs.
Speaker 1: And I'll accept that, you know, but I will tell
Speaker 1: you because of tariff's but I'm the only one that
Speaker 1: would have done the tariffs because everybody was afraid. They
Speaker 1: were afraid of being criticized, because the globalists will go
Speaker 1: after you for seven decades, American ships have patrolled the seas,
Speaker 1: American troops have kept the pace and peace, and American
Speaker 1: wealth has enriched the globe. But despite all we have
Speaker 1: given to them, you will not find an American car
Speaker 1: in Berlin, in Tokyo, in Seoul and Shanghai, not a car.
Speaker 1: I used to say to Angel America, Angola, how many
Speaker 1: Chevrolets do we have in Berlin? Why? None? Donald, None,
Speaker 1: That's right, Angola, you got it. How many Chevrolets do
Speaker 1: you think we have in Munich Angola none? Donald, I said,
Speaker 1: you sent us seven million cars last year, So we're
Speaker 1: going to start buying American made cars or cars that
Speaker 1: are manufactured in America. In China, as you know, is
Speaker 1: one of the bigger offenders. And it's not all China. Look,
Speaker 1: I get along with Presidency. I have over the years,
Speaker 1: but you know you just when COVID came, that was
Speaker 1: the end. That was it. That was called the bridge
Speaker 1: too far. But I've always had a good relationship with
Speaker 1: a very smart guy. Loves his country. I love our countries,
Speaker 1: so you know we love our country, he loves his.
Speaker 1: I tell that to other leaders, you got to fight
Speaker 1: for your country. You're not going to fight for us,
Speaker 1: but we can't fight for you. We're fighting for other countries.
Speaker 1: We're trying to make them great without making us great.
Speaker 1: But those days are over. They steal our intellectual property,
Speaker 1: they rob our trade secrets. They manipulate their currency to
Speaker 1: levels that have never been seen before. Today it was
Speaker 1: announced that China is reducing its currency. Did you see that, big? Big?
Speaker 1: In other words, they're going to make up for it.
Speaker 1: They got every trick on the book. I'll tell you
Speaker 1: they are great. You got to hand it to them.
Speaker 1: You got to hand it to them. They're manipulating their
Speaker 1: currency today as an offset against the tariffs. Not supposed
Speaker 1: to do that. The game isn't supposed to be played
Speaker 1: that way. It makes it very hard for us. But
Speaker 1: in the end it's not good because they have to
Speaker 1: buy oil. See we don't need oil. We don't need oil,
Speaker 1: and guess we have more than any other country. They
Speaker 1: have to buy it. That's where it hurts them. When
Speaker 1: they do that. It costs them twice as much, and
Speaker 1: they ship their products through every one of our trading partners,
Speaker 1: running up our deficits. With these countries, they sell a lot.
Speaker 1: You know, when you put a tariff on them. They
Speaker 1: sell it. Like with steel, they were dumping tremendous amounts
Speaker 1: of steel into our country. During my term, I saved
Speaker 1: every steel milly. We only have steel mills because of
Speaker 1: what I did. I put a high tariff on them
Speaker 1: twenty five and then fifty percent, and it stopped. It stopped.
Speaker 1: They were dumping so much. To you, we would have
Speaker 1: lost every single seal mill. The people that liked me
Speaker 1: best are the people in the seal business. But I
Speaker 1: think the auto business is going to be right there.
Speaker 1: I think gyps are going to be there. I think
Speaker 1: pharmaceuticals are going to be there, because you know, we
Speaker 1: don't make our own pharmaceuticals, drugs and other things to
Speaker 1: get better, they're made in other countries and you pay
Speaker 1: a number. I mean, the same package in our country
Speaker 1: compared to like London and other places is sometimes ten
Speaker 1: times more. Ten times more. Something that sells for eighty
Speaker 1: eight dollars in London sells that thirteen hundred dollars here,
Speaker 1: made of the same factory by the same company. And
Speaker 1: that's over. I told them all that's over. They put
Speaker 1: all of their research and develop money, they put everything,
Speaker 1: but what they don't tell you is that these other
Speaker 1: countries are smart. They say you can't charge more than
Speaker 1: eighty eight dollars, otherwise you can't sell your product, and
Speaker 1: the drug companies listen to them. But we're going to
Speaker 1: do something that we have to do. We're gonna put
Speaker 1: We're going to tariff our pharmaceuticals. And once we do that,
Speaker 1: they're going to come rushing back into our country because
Speaker 1: we're a big market. The advantage we have over everybody
Speaker 1: is that we're the big market. So we're going to
Speaker 1: be announcing very shortly a major tariff on pharmaceuticals. And
Speaker 1: when you and when they hear that, they will leave China,
Speaker 1: they will leave other places because they have to sell.
Speaker 1: Most of their product is sold here, and they're going
Speaker 1: to be opening up their plants all over the place
Speaker 1: in our country. We're going to be announcing that. So
Speaker 1: that's breaking news, ladies and gentlemen. We have breaking news.
Speaker 1: That's what's going to happen. What other presidents allow China
Speaker 1: to get away with is absolutely criminal. But I'm not
Speaker 1: like the other presidents, and it's not going to happen
Speaker 1: under President Trump. It's just not going to happen. And
Speaker 1: after all, of the abuses they've perpetrated. China's attempting to
Speaker 1: impose additional unjustified tariffs just so you understand, they all
Speaker 1: got rich because of the tariffs. You know, now when
Speaker 1: we do it all, it's so terrible what Trump is doing.
Speaker 1: It's so terrible. They got rich, and not only China,
Speaker 1: many countries. I mean, you look at Vietnam, you look
Speaker 1: at so many. I could name fifty right now. Biden
Speaker 1: couldn't do that. He couldn't name any name, one country,
Speaker 1: name any country. What's the name of our country? He
Speaker 1: doesn't know. That's why additional tariffs and Chinese goods are
Speaker 1: in place, effective midnight tonight at one hundred and four
Speaker 1: percent until they make a deal with us. That's what
Speaker 1: it's going to be. I think they'll make a deal
Speaker 1: at some point. China will. They want to make a deal,
Speaker 1: They really do. They want to make a deal. They
Speaker 1: just don't know how to get it started because they're
Speaker 1: proud people. China will now pay a big number to
Speaker 1: our treasury. Is all taxes. And don't let them keep
Speaker 1: telling you that this is a tax on our people.
Speaker 1: I hate that, you know, they say it's a tax.
Speaker 1: Now often much of it is paid. And hey, look
Speaker 1: what happened during my first term. We had no inflation,
Speaker 1: and yet I took in hundreds of billions of dollars
Speaker 1: in tariffs and taxes from China. No other president got
Speaker 1: ten cents in tariffs or taxes from China. I got
Speaker 1: hundreds of billions of dollars, hundreds of billions of dollars,
Speaker 1: and I still got along with it because they understood
Speaker 1: what they were doing was wrong. They understood it. It's
Speaker 1: when you explain it, they say. I've had numerous leaders
Speaker 1: tell me you're right, sir. I was waiting for you
Speaker 1: to bring this up because some of the trade deals
Speaker 1: that were made by predecessors as president was so bad
Speaker 1: you almost wonder who did these deals. They were either
Speaker 1: crooked or stupid. There can be nothing else. They're either
Speaker 1: stupid or crooked. It's terrible, but it's all being changed.
Speaker 1: I change a lot of it in the first four years,
Speaker 1: but it's all being changed. You know. In the first
Speaker 1: four years, we have the most successful in history in
Speaker 1: terms of economics. We had eighty eight percent increase in
Speaker 1: the stock markets. We had an eighty eight percent increase.
Speaker 1: Has never been any president that had an eighty eight
Speaker 1: percent increase. We had eighty eight percent and do a
Speaker 1: lot of happy people. And I think we're going to
Speaker 1: do much better than that this time, because this time
Speaker 1: I'm doing what I want to do with respect to
Speaker 1: the tariffs. I think we're going to do much better.
Speaker 1: And just remember the numbers. When you get up to
Speaker 1: two billion a day, two billion a day. They're saying, sir,
Speaker 1: tip you that tenant. I said, yeah, I can. It's
Speaker 1: the biggest, the biggest transaction ever made. This is bigger
Speaker 1: than any deal. You guys, some of you work for companies,
Speaker 1: your companies of peanuts. I don't care how big they
Speaker 1: are compared. It is the largest transaction in the history
Speaker 1: of our country. And don't let some of these policies
Speaker 1: to go around say you know, because I'm telling you,
Speaker 1: these countries are calling us up, kissing my ass. They are.
Speaker 1: They are dying to make it you please, please make
Speaker 1: it to you. I'll do anything. I'll do anything, sir.
Speaker 1: And then I'll see some rebel Republican, you know, some
Speaker 1: guy that wants to grandstand say I think that Congress
Speaker 1: should take over negotiations. Let me tell you, you don't negotiate
Speaker 1: like I negotiate. Congress takes over negotiating sell America fast
Speaker 1: because you're gonna go bust it. You don't. I just
Speaker 1: saw it today. A couple of your congressmen s there,
Speaker 1: I think we should get involved in the negotiation of
Speaker 1: the tariffs. So that's what I need. I need some
Speaker 1: some guy telling me how to negotiate. I tell you,
Speaker 1: the happiest people in the world would be China. They
Speaker 1: wouldn't be paying one hundred and four percent. I tell you,
Speaker 1: they'd be paying no percent, would be paying them one
Speaker 1: hundred and four percent. That's the beauties. These guys. We
Speaker 1: gotta be careful, and even the concept of it hurts
Speaker 1: your negotiation. When they see a little story like that
Speaker 1: the other side, you know, it hurts your negotiation. And
Speaker 1: then the fake news wants to build it up and
Speaker 1: it has no chance anyway.