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Secretary Of State Marco Rubio Says Trump's Tariffs 'Should've Been Done A Long Time Ago'
Forbes Breaking News
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yesterday
During a press conference on Friday, Secretary Of State Marco Rubio answered a question about tariffs.
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00:00
Mr. Secretary, what do you say to those who make the argument that the U.S. tariffs or the threat
00:05
of those tariffs in the region actually creates an opening for China to be seen as the stable
00:11
economic partner here? I don't agree with that assessment. I mean, look, at the end of the day,
00:16
the United States has built these tremendous trade imbalances over the last 30 or 40 years.
00:20
It's unfair to American and American workers and American, in addition to threaten our industrial
00:24
capacity, trade needed to be revisited. The president campaigned on that, and that's what
00:29
he's doing, and he's resetting it on a global scale. At the end of the day, look, I think
00:34
countries are going to trade with multiple countries. We don't view this as an opening
00:37
for anyone. We don't view it that way. We view it as an opportunity to reset global trade
00:42
in a way that's fair for Americans after two or three decades of unfairness. If you look
00:47
at some of these trade deficits, they're massive. They're massive. That has to be addressed,
00:50
and that's not sustainable at the current direction it had gone. This should have been
00:55
done a long time ago. President Trump's finally done it, and I think countries understand that
00:59
this was different. If this was us targeting 10 countries or five countries, then I would
01:03
understand why countries would be upset, but the truth of the matter is we're resetting
01:07
tariff levels with virtually every country in the world, and so I understand if you had
01:12
a deal where you were running these huge trade deficits with the United States and exporting
01:17
a lot to the U.S. and built your economy around exports but had very little import or very
01:22
little economic activity coming in from the United States, I understand why you don't want
01:25
that to change, but I think most mature leaders, and everybody here is a mature leader, understands
01:31
that that's not a sustainable dynamic. It was one that had to be changed, and that's what
01:35
the President is doing. So we're going to be okay.
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