Trump declares tariffs will be ‘best thing’ US has ever done - but refuses to rule out a recession - video Dailymotion

Trump declares tariffs are going to be 'greatest thing' US has ever done Source: Reuters

Transcript

00:00Oh, I think the tariffs are going to be the greatest thing we've ever done as a country.

00:05It's going to make our country rich again.

00:07We have many companies, as you know, auto companies are opening up plants now.

00:12We've had four or five announced already, but many more are coming.

00:16And we're basically going to take back the money, a lot of the money that we've given

00:20away over many decades.

00:22We've lost our jobs.

00:23We've lost our factories.

00:25We've lost 90,000 factories since the beginning of NAFTA.

00:29That's not that long ago, 90,000 factories.

00:32Think of that.

00:33And we're going to get them back.

00:34And they're coming back.

00:35And they're coming back in records.

00:37Look at what happened with the big chip company, the biggest in the world, by far the most

00:41powerful chip company in the world, from Taiwan.

00:45And they're going in with $200 billion of money, and they're going to build something

00:49that's going to give us 35, 40 percent of the chip market in one, just in one company.

00:54No, it's going to bring it back.

00:56And I think it's going to make us, bring us to a level that we've never had before.