Watch Trump's full presentation of his tariff chart

Bangkok Post Group

U.S. President Donald Trump goes through many of the rates at which his administration plans to impose tariffs on countries around the world in response to their tariffs on the U.S. - REUTERS

Transcript

00:00If you look at that, China, first row, China, 67 percent.

00:06That's tariffs charged to the USA, including currency manipulation and trade barriers.

00:13So 67 percent.

00:15I think you can, for the most part, see it.

00:17Those with good eyes, with bad eyes.

00:19We didn't want to bring it.

00:20It's very windy out here.

00:21We didn't want to bring out the big charts because it had no chance of standing.

00:25Fortunately, we came armed with a little smaller chart.

00:29So it's 67 percent.

00:31So we're going to be charging a discounted reciprocal tariff of 34 percent.

00:35I think, in other words, they charge us.

00:38We charge them.

00:39We charge them less.

00:40So how can anybody be upset?

00:41They will be because we never charge anybody anything.

00:44But now we're going to charge.

00:47European Union, they're very tough, very, very tough traders.

00:51You know, you think of European Union, very friendly.

00:54They rip us off.

00:56It's so sad to see.

00:58It's so pathetic.

00:5939 percent.

01:00We're going to charge them 20 percent.

01:02So we're charging them essentially half.

01:04Vietnam, great negotiators, great people.

01:08They like me.

01:09I like them.

01:10The problem is they charge us 90 percent.

01:12We're going to charge them 46 percent tariff.

01:15Taiwan, where they make they took all of our computer chips and semiconductors.

01:21We used to be the king, right?

01:22We were everything.

01:24We had all of it.

01:25Now we have almost none of it, except the biggest company is coming in.

01:28They're going to have we're going to end up with almost 40 percent.

01:31Lee Zeldin is working to get their approvals.

01:33And it's an amazing company.

01:35Mr. Wei of one of the great companies of the world, actually, they're coming in from Taiwan

01:40and they're going to build one of the biggest plants in the world, maybe the biggest for

01:44that.

01:45But 64 percent, we're going to charge him 32 percent.

01:49Japan, very, very tough.

01:51Great people.

01:53And again, I don't blame the people for doing it.

01:55It's I think they're very smart into it.

01:57I blame the people that sat right in that Oval Office, right over there, right behind

02:01the Resolute desk or whichever desk they chose.

02:04Japan, 46 percent.

02:06They would charge us 46 percent and much higher for certain items like cars, little items

02:12like cars.

02:13Forty six percent, we're charging them 24 percent.

02:16India.

02:17Very, very tough.

02:18Very, very tough.

02:20The prime minister just left.

02:23He's a great friend of mine, but I said, you're a friend of mine, but you're not treating

02:27us right.

02:28They charge us 52 percent.

02:29You have to understand, we charge them almost nothing for years and years and decades.

02:33And it was only seven years ago when I came in.

02:38We started with China, Georgia.

02:40We took in hundreds of billions of dollars from China in tariffs.

02:45And they understood, honestly.

02:48President Xi understood.

02:49He said, look, I understand.

02:51And the other countries and they all understand we're going to have to go through a little

02:54tough love, maybe.

02:56But they all understand.

02:57They're ripping us off.

02:58And they understood it.

03:00Prime Minister of Japan, Shinzo, was Shinzo Abe.

03:06He was a fantastic man.

03:08He was unfortunately taken from us.

03:11Assassination.

03:12But I went to him and I said, Shinzo, we have to do something.

03:16A trade is not fair.

03:18He said, I know that.

03:20I know that.

03:21And he was a great gentleman.

03:22He was a fantastic man.

03:25But he understood immediately what I was talking about.

03:28I said, Shinzo, we have to do something.

03:30He said, I know that.

03:31And we've worked out a deal and it would have been a much better deal.

03:34But frankly, there were many years left in the deal that was made previous to my getting

03:39there.

03:40But it was it was something.

03:42If you look at Switzerland, 61 percent to 31 percent, Indonesia, Malaysia, Cambodia

03:48or look at Cambodia, 97 percent.

03:52We're going to bring it down to 49.

03:53They made a fortune with the United States of America, United Kingdom, 10 percent.

03:58And we'll go 10 percent.

04:00So we'll do the same thing.

04:03South Africa, oh, 60 percent, 30 percent.

04:06And they've got some bad things going on in South Africa.

04:10You know, we're paying them billions of dollars.

04:13We cut the funding because a lot of bad things are happening in South Africa.

04:16The fake news ought to be looking at it.

04:18They don't want to report it.

04:19Brazil, 10 percent, 10 percent.

04:22Bangladesh is 74 percent.

04:25So you see what's going on.

04:27Pakistan, 58 percent.

04:31Sri Lanka, 88 percent.

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