During a press briefing on Monday, President Trump was asked about the pause on tariffs with China.
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00:00violence and come here yeah thank you are you letting China off the hook for
00:08these 90 days and do you really believe that they will follow through with
00:11non-tariff barriers and remove those non-monetary tariffs yeah yeah I think
00:16they're gonna follow through I think they want it very badly I think they
00:18want the deal very badly again this doesn't include the steel tariffs that
00:22I put on a long time ago that Biden tried to get off but he couldn't get them
00:25off because it was too much money you know I took in hundreds of billions of
00:29dollars from China what a lot of people don't know but we put on the tariffs
00:32originally and if I didn't do that we wouldn't have a steel industry today now
00:36we have a thriving steel industry it'll be thriving much more with what we're
00:40doing because this is the next level but it doesn't include that doesn't include
00:44cars doesn't include pharmaceuticals when we do that and the reason we're doing
00:48that will be to get them to come back in the country you know that there are
00:52again I always say it because a lot of people forget but if a company like Eli
00:57Lilly which is making a massive investment in the United States right now
01:01they're building many many plants they've already started like seven of
01:05them many plants but they are not going to be tariffed there's no tariff cost so
01:12they're all doing that they're all coming back to the United States I mean I'll
01:16tell you what I hope I get the benefit of watching this because as president
01:21because you know it takes a little while to do this stuff and we're doing it
01:26early in the administration if you think of it we have I believe if you look at
01:31the real total it's over ten trillion dollars committed for plants and
01:36factories other administrations haven't had one trillion over a four-year
01:42period even over an eight-year period we have over ten trillion committed in one
01:49form or the other over two months give me a break I'm here to hear three but
01:53let's give me a break on the first on the first month we want to get acclimated
01:57but you know but if you think about it's really two months and so in two months we
02:02have an investment already of over ten trillion dollars and other presidents
02:09haven't had that done over a year over over four years in some cases it's
02:14unprecedented there's never been anything like it's a very exciting time in
02:18America thank you very much everybody