I would suggest to you that the tariffs we imposed on China were historic and large, and we had no problem at all with that,
The complexity of devising a fully reciprocal tariff system with all other countries and covering all products would be enormous,
The goal is to have fair and reciprocal trade, and if we have that we will have jobs, high wages and high productivity,
It’s a two-way street,
So far, it seems more like an invitation to negotiate,
Despite the appearance of subsidizing exports and punishing imports, however, a border-adjusted VAT is trade neutral,
The more major countries retaliate, the more other countries will be tempted to join in,
Suppose that Brazil drops its tariffs on US autos, but keeps its tariffs the same on all foreign autos" for example
This is every country, and essentially, when they treat us fairly, we treat them fairly,
It doesn't matter whether it's strategic competitors like Communist China or allies like the European Union or Japan or Korea,
Every one of those countries is taking advantage of us in different ways, and the president characterizes this as a lack of reciprocal trade,
With reciprocity, as defined by Trump, U.S. tariffs would probably on average 10 to 15 percentage points higher. In my opinion, tariffs actually hurt the U.S. economy, so while they would raise revenue ... they would reduce GDP growth,
You can't change your supply chain overnight, and with the number and pace of these changes, even if you tried to stay ahead of it, can you stay ahead of it
I may do it later on or I may do it tomorrow morning, but we'll be signing reciprocal tariffs,
This approach will be of comprehensive scope, examining non-reciprocal trade relationships with all United States trading partners,
But if countries refuse, and the US raises its tariffs, then it is bad for the US" as American importers will face higher prices
Major exporting nations of the world attack our markets with punishing tariffs and even more punishing non-tariff barriers."
Excuse me, we haven't asked you to speak yet."
It’s not like tomorrow we’re going to suddenly have 50% tariffs across the board,
It’s going to be really hard to fight inflation when we’re putting a big sales tax on our imports,