Trump Confronted on Tariff Pause: What’s Behind the Sudden Change?

Diario As

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00:00You started the morning saying, be cool, and then just a few hours later, there was a pause put in on the tariffs.

00:07Can you walk us through your thinking about why you decided to put a 90-day pause on the tariffs?

00:13Well, I thought that people were jumping a little bit out of line.

00:17They were getting yippy, you know?

00:20They were getting a little bit yippy, a little bit afraid, unlike these champions, because we have a big job to do.

00:26No other president would have done what I did.

00:28I know the presidents, they wouldn't have done it, and it had to be done.

00:32What was happening to us on trade, not only with, you know, if you look at it, not only with China,

00:38but China was by far the biggest abuser in history, and others also, but somebody had to do it.

00:46They had to stop because it was not sustainable.

00:48Last year, China made $1 trillion off trade with the United States.

00:54That's not right.

00:55And now I've reversed it for a short period of time, but we made $2 billion.

01:01We're making now $2 billion a day.

01:04And somebody had to do it.

01:07Roger actually said it.

01:09Charles Schwab was here a little while ago, one of the great financial people.

01:12And he said he's been waiting for 40 years for somebody to do what I did over the last month.

01:20And if you didn't do it, you wouldn't have a country.

01:22It wouldn't be sustainable.

01:23So I'm honored to have done it.

01:25And, you know, look, nothing's over yet, but we have a tremendous amount of spirit from other countries, including China.

01:32China wants to make a deal.

01:33They just don't know how quite to go about it.

01:35You know, it's one of those things that are not quite, they're proud people.

01:40And President Xi's a proud man.

01:42I know him very well.

01:43And they don't know quite how to go about it, but they'll figure it out.

01:46They're in the process of figuring it out.

01:49But they want to make a deal.

01:49And we have many other countries, as you know, many more than 75.

01:56And they all want to come.

01:57And they want to come here or they'll go to commerce or they'll go to treasury.

02:01We have our great senators here and congressmen.

02:05They'll call John.

02:07They'll do somebody.

02:07They'll go through somebody.

02:08But they're all calling.

02:09How do we do this?

02:11They all want to make a deal.

02:12Somebody had to do what we did.

02:13And I did a 90-day pause for the people that didn't retaliate.

02:17Because I told them, if you retaliate, we're going to double it.

02:20And that's what I did with China, because they did retaliate.

02:24So we'll see how it all works out.

02:26I think it's going to work out amazing.

02:27I think that our country is going to be at the end of a year or shorter.

02:31But I think we're going to have something that nobody would have dreamt possible.

02:36A man like Roger Penske, I don't want to get him in trouble with China, so I won't.

02:40But he would know that someday you have to cut the bow and you have to do what you have to do.

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