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Donald Trump offers a press conference on reciprocal tariffs for US business partners
It is a beautiful simple system, and we do not have to worry that we are charging too much or very little, um, but traditionally India is right at the top of the pack, there are a couple of smaller countries that are really more, but more, but India is very, very, they charge tremendous tariffs. If you build here, you don’t have tariffs at all and I think that’s what is going to happen. I think our country will be flooded. Jobs. Let’s see what happens. No one really knows what is going to happen apart from. We know that the work will occur to levels that we have not seen before. We know that we believe that interest rates will finally go down due to things that happen, and go hand in hand with tariffs, but we believe we believe that the prices of some things, many things, could be all things. It will go down, will finally fall. What is the earliest date that you think tariffs will really be implemented? Well, I would say that maybe I will ask Howard to answer. Because he will be the one who is implementing. What do you think? Our studies must be complete before April 1, so we will give the President the opportunity to start on April 2 if you wish. So I think we will be ready to go on April 1 and we will deliver it to the president and he will make his decisions. But remember, if they drop their rates, prices for Americans are going down. You have talked about VAT in the EU before and your concerns about how the EU treats you. Do you have a number in mind in the European Union? Do you have an idea where that number will land? Well, what they are now is that they have a 20%VAT tax, which we are considering being similar or the same as the rate. In addition, they charge many rates and you know they are doing something else. The European Union has been very difficult with our companies. They sued Apple, sued Google, sued Facebook. They sued many other companies and US companies and the type of numbers are amazing. Canada will be a very interesting situation of EH because, uh, you know, we simply do not need your product and, nevertheless, they survive the fact that, you know, we do 95% of what they do and Canada is only absolutely I say it and Sometimes people smile and sometimes say a great idea, but. UH, Canada, your taxes would reduce greatly. Security would rise a lot. Canada and Canada really happen amazing things, why would we pay $ 200 billion a year in subsidies to Canada when they are not a state? It is the most beautiful, and I will tell you what I think really reciprocal rates, those two words, UH, reciprocal reciprocal makes the rates really fair. Eventually they will be automotive companies and chips companies. We have to have fries in this country at this time, everything is made in Taiwan practically, almost everything, a little in South Korea, but everything is almost everything done in Taiwan, and we want it to be done. We want these companies to come to our country with due respect. When we straighten it, so I want to have one of the first meetings I want to have is with President XI of China, President Putin de Russia. And I want to say that we reduce our military budget in half. And we can do that. If BRICS wants to play, those countries will not trade with us, we will not trade with them, and if any trade is done, at least it will be a 100%rate.
