'The European Union Is Talking To Us': Trump Discusses Trade Negotiations Amidst New Tariff Threats

Forbes Breaking News

Speaking to reporters at JBA, President Trump discussed his ongoing trade negotiations amidst new tariff threats.

Transcript

00:00The President, we had a great time at the big soccer

00:03match today at the Meadowlands.

00:04It was phenomenal.

00:06It was a little bit of an upset, I guess they would say.

00:10But it was a great, great match.

00:12Very well played.

00:13Tremendous crowd.

00:15And that's sort of a pre-World Cup.

00:17We have World Cup coming.

00:18We have Olympics coming.

00:20And we have 250 years coming.

00:23That's going to be a big one.

00:24Maybe the biggest one of all.

00:26So that was great.

00:27We had some tremendous financial numbers released

00:32on Friday, as you probably heard,

00:35that our country made $25 billion last month.

00:38$25 billion.

00:40It hasn't done that in a long time.

00:42And a lot of that's done because of good management,

00:45at number one.

00:47And maybe even more importantly,

00:49the tariffs that are pouring in.

00:50We have tariffs pouring in at levels

00:53that we have never seen before.

00:54And they've only just started.

00:56That's really a small portion.

00:58That's mostly from cars and aluminum and steel.

01:02A little bit of lumber.

01:04But they'll really start in about another week.

01:09And then in about a month,

01:10they'll come in at levels that are extremely strong.

01:14And our country is making a lot of money.

01:17A lot of money.

01:19We're dealing with other countries,

01:20and certain countries that would rather have a deal

01:25than a regular tavern.

01:26We're willing, if they're willing to open up.

01:29These are countries that have been shut to us,

01:31but we've been open to them.

01:33In other words, they wouldn't let us do business there,

01:35but they would do business in our country.

01:37Not a fair deal.

01:39So the European Union is talking to us.

01:41They want to open up their country.

01:43I would say Japan, to a much lesser extent,

01:46in terms of opening up their country.

01:49Japan, as you know, and we're very close to Japan,

01:52but they sell us millions and millions of cars a year.

01:56We sell them no cars, because they won't accept our cars.

02:00And they won't accept much of our agriculture either.

02:03So, but they're all changing their ways very, very rapidly.

02:08South Korea wants to make a deal other than tariffs.

02:11Right now, as you know, they're paying a substantial tariff,

02:14but they want to make a difference.

02:16So, some of these deals, maybe I'll change them and maybe I won't.

02:20But our country is making a lot of money,

02:24a lot of money for the first time in a long time, in decades.

02:28And that's the way it should be.

02:29We have a country that's, and I said it the other day to you people,

02:34we have a country that was dead, was dead.

02:37It was a goner one year ago,

02:40and now we have the hottest country in the world.

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