00:00Mr. President, are the tariff letters that you sent today final offers or are they negotiable?
00:08More or less final offers.
00:09So South Korea, Japan should take it or leave it?
00:11We're always subject to negotiate something that's fair.
00:14But we've talked to most of the countries and pretty much they've had their way for many, many decades, as you know.
00:21And it was time that we just wanted fairness.
00:23This is not really equitable from our standpoint because it's just a small token by comparison to the damage that's been done over the years.
00:32But we had no other president that was willing to do this.
00:36I did it my first term with China and others.
00:38We took in hundreds of billions of dollars of tariffs, no inflation, the most successful period of time that we've ever had financially in the country.
00:47The first term, I think this term is going to be much better, even much better than that.
00:51That was the best ever. And this is going to be, I think, substantially better.
00:54And we're on the way to doing that.
00:56We've already taken in over $100 billion worth of tariffs and we haven't even started.
01:01And all I say to the other countries is, you know, some of them wanted to make a deal and want to be fair.
01:07Others perhaps got a little bit spoiled. They were a little bit spoiled because for 30, 40 years, 50 years, they were taking advantage of the country.
01:16So we're going to, I would say final, but if they call with a different offer and if I like it, we'll do it.
01:23And the August 1 deadline, I mean, is the August 1 deadline firm now? Is that it?
01:29I would say firm. No, I would say firm, but not 100% firm.
01:33If they call up and they say would like to do something a different way, we're going to be open to that.
01:38But essentially that's the way it is right now. Yeah.
