00:00Thank you very much I just said to Mike this is fantastic they have Mercedes all over they have to pay 25% if they don't make the car in the United States because of that and this could have been done long before Trump this could have been done
00:29by any one of the presidents I did it with China the reason you don't have Chinese cars here is because I imposed it my last term I actually asked the question I said do we have any Chinese cars here no why because you imposed a 25 or 27 and a half percent tariff on Chinese cars so they're not coming here but they are going to Europe all over the place but I love China we just made a deal and I respect President Xi a lot and we made
00:59a deal that's good for both countries the deal we made with China good for both countries going to be a lot of money made and it's going to ultimately open up China which is the ultimate thing and I'm going to be working with President Xi we had a long talk about it and that's going to be good for China it's going to be good for us but we're going to be opening up China that's bigger than what we signed and I think had we not signed it that wouldn't be happening it's going to happen it's going to happen fairly soon
01:26but to further defend our auto workers I impose this 25 percent tariff on all foreign automobiles and investment in American manufacturing and auto manufacturing all manufacturing is surging
01:42and I might go up with that tariff in the not too distant future the higher you go the more likely it is to build a plant here
