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Reporter To Trump: Are You 'Letting China Off The Hook' With 90-Day Tariff Pause?
Forbes Breaking News
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5/13/2025
During a press briefing on Monday, President Trump was asked about the pause on tariffs with China.
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00:00
violence and come here yeah thank you are you letting China off the hook for
00:08
these 90 days and do you really believe that they will follow through with
00:11
non-tariff barriers and remove those non-monetary tariffs yeah yeah I think
00:16
they're gonna follow through I think they want it very badly I think they
00:18
want the deal very badly again this doesn't include the steel tariffs that
00:22
I put on a long time ago that Biden tried to get off but he couldn't get them
00:25
off because it was too much money you know I took in hundreds of billions of
00:29
dollars from China what a lot of people don't know but we put on the tariffs
00:32
originally and if I didn't do that we wouldn't have a steel industry today now
00:36
we have a thriving steel industry it'll be thriving much more with what we're
00:40
doing because this is the next level but it doesn't include that doesn't include
00:44
cars doesn't include pharmaceuticals when we do that and the reason we're doing
00:48
that will be to get them to come back in the country you know that there are
00:52
again I always say it because a lot of people forget but if a company like Eli
00:57
Lilly which is making a massive investment in the United States right now
01:01
they're building many many plants they've already started like seven of
01:05
them many plants but they are not going to be tariffed there's no tariff cost so
01:12
they're all doing that they're all coming back to the United States I mean I'll
01:16
tell you what I hope I get the benefit of watching this because as president
01:21
because you know it takes a little while to do this stuff and we're doing it
01:26
early in the administration if you think of it we have I believe if you look at
01:31
the real total it's over ten trillion dollars committed for plants and
01:36
factories other administrations haven't had one trillion over a four-year
01:42
period even over an eight-year period we have over ten trillion committed in one
01:49
form or the other over two months give me a break I'm here to hear three but
01:53
let's give me a break on the first on the first month we want to get acclimated
01:57
but you know but if you think about it's really two months and so in two months we
02:02
have an investment already of over ten trillion dollars and other presidents
02:09
haven't had that done over a year over over four years in some cases it's
02:14
unprecedented there's never been anything like it's a very exciting time in
02:18
America thank you very much everybody
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