President Trump Asked If Any Countries Will Get A Break From Tariffs On April 2

Forbes Breaking News

President Trump was asked about reciprocal tariffs that he plans to implement on April 2nd.   Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript   Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com

Transcript

00:00Do you have any questions, please?

00:02Yeah, please.

00:03The Press The size of the investment, partly because

00:07of tariffs.

00:08On April 2nd, the reciprocal tariffs will go

00:10into effect.

00:10Is it truly reciprocal?

00:12Are there some countries that might get a break or

00:14some sectors that might get a break?

00:15The President Well, I may give a lot of countries

00:17breaks, but it's reciprocal.

00:19But we might be even nicer than that.

00:22You know, we've been very nice to a lot of countries

00:24for a long time.

00:25But I call it Liberation Day.

00:28April 2nd is Liberation Day.

00:30But today, as you know, we did something with

00:32respect to Venezuela.

00:33You heard about that.

00:35And that will be quite important.

00:37We'll be announcing some additional tariffs over

00:40the next few days having to do with automobiles,

00:44cars, and having also to do a little bit with

00:46lumber down the road.

00:48Lumber and chips are going to get all those chip

00:52companies coming back.

00:53They're already coming back without even doing

00:55it.

00:56So it's it's been very good.

00:57But we'll be announcing some others.

00:59But for the most part, April 2nd will be a big

01:01day.

01:02That'll be Reciprocal Day.

01:03And we'll be bringing some of the money back

01:06that's been taken from us.

01:08Let's be nice by using the word taken.

01:10I don't want to use a stronger word because

01:12these guys are professional politicians

01:14and they don't like to hear those words.

01:16I refuse to use the word stolen from us.

01:19But that's a mutually bring down tariffs.

01:22Are you seeing that happen?

01:24Well, European Union lowered their tariffs to

01:26two and a half percent.

01:27We were only a two and a half percent for cars,

01:29which is very low.

01:31And as you probably heard, that European Union

01:34lowered their number from much higher than that.

01:36Many, many times are surprised to two and a

01:39half percent.

01:40So that was good.

01:41But I don't I don't know that I expect that.

01:45I it's up to them.

01:46But we have reciprocal tariffs.

Category

Transcript

Recommended