President Trump was asked about his tariffs on China and the implications for US businesses while signing a series of executive orders in the Oval Office on Wednesday.
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00:00I think we're going to treat them very fairly.
00:01Were you worried about what the 145% tariffs were doing to small businesses here in the U.S.?
00:07Is that why you're bringing it down?
00:08No, no. No, I haven't brought it down. I haven't brought it still 145.
00:13I haven't brought it down. I said it's a high tariff. It is a high tariff, but I haven't brought it down.
00:18It basically means China's not doing any business with us, essentially, because it's a very high number.
00:24So when you add that to the price of a product, you know, a lot of those products aren't going to sell.
00:29But China's not doing any business. They were doing they were doing one point one trillion dollars.
00:37Think of the one point one trillion dollars. You know what that is?
00:41And it was just very unfair to us. And we were doing very little, relatively very little with them.
00:46It was a one sided, very one sided. But we get along.
00:50I get along very well with President Xi and hope we can make a deal.
00:53Otherwise, we'll set a price and hopefully they'll come here and they'll contribute.
00:58And if they don't, that's OK.