Is going to be very interesting year. We have an interesting time. We're making a fortune with tariffs. Two billion dollars a day. Do you believe it? I was told two billion dollars a day. You know, I get hit by the press about tariffs. We're making two billion billion. This is in thirty five million. That's peanuts, two billion dollars a day. In addition, we have a lot of countries coming to see us. They want to make a deal.
And I really think we're helped a lot by the tariff situation that's going on, which is a good situation. Not about it's great. It's going to be legendary. You watch legendary in a positive way. I have to say it's going to be legendary. And I do think that the war with the world, which is not a war at all, because they're all coming here. Japan is coming here as we speak. They're in a plane flying, lots
of them. All tough negotiators, but things that people wouldn't have given us two years ago, wouldn't have even thought of it two years ago, three years ago, five years ago, seven. They've given us everything. They don't want tariffs on themselves, and it's very simple we're making deals and people are paying tariffs. Countries are paying tariffs right now. China's paying a one hundred and four percent tariff. Think of it,
one hundred and four percent. Now, it sounds ridiculous, but they charged us for many items one hundred percent, one hundred and twenty five percent. Many countries have. They've ripped us off left and right. But now it's our turn to do the ripping. That's okay. But the shrill voices that you're hearing this week about tariffs are the same scoundrels and frauds who never thought twice about when the United States lost ninety thousand factories and plants. Think of that,
ninety thousand. How do you do ninety If you had a map, a big map, the size of that wall, and you had a pin for each factory, you would have enough room. You think of it. Ninety thousand factories since NAFTA the worst trade deal in history, by the way, and we had it terminated. Everybody said you'd never be able to had to be terminated by Congress, and it was not easy. It was so bad. You know, the people have a lot of it's very interesting. They have
a lot of power. They have a lot of political power. It's hard to get even a bad deal terminator. But we did do it and we gets USMCA, and that's that's been really great. But when they cheat, it's not so good. And they cheat, they do cheat. You know, I respect Mexico, I respect Canada, but they cheat like hell. You know, Canada charges for our dairy products two hundred
and seventy percent. Nobody knows that they charge you two percent for the first two cartons of milk and after that you go up to two hundred and seventy and the presses they've only charged two percent. No, that's for the first two cartons. So it's uh, you know, we can't have that, and we have to be wise to it and get along with everybody, but we have to call people out. Six million manufacturing jobs were lost since NAFTO. I'm glad to be the president for the workers, not
the outsources. The president stands up from Main Street now Wall Street, who protects the middle class, not the political class, and who defends America not trade cheaters. All over the globe. They're trade cheaters. They cheated on us, they cheated with tariffs on us, They stole our money. They stole our jobs. And now people are going around saying, oh, we're not treating them right now, we're treating them very good. Actually
they're lucky. We're treating them so good. And you know when I have tariffs and I say, well, we're going to charge what they did. We're going to charge what they did, and then I say, I'm going to charge much less than they did. Believe me, we're actually being nice about it. But we're doing very well, better than we've ever done before. My job is not to maximize the profits of outsources and foreign car I mean, these foreign corporations are horrible. It's horrible what they're doing. But
we're catching them. We're catching them by the dozens. My job is to defend the I have to defend the American dream and I have to defend the American citizens. My job I have to defend that the American dream is never mentioned. It was mentioned for four years and now it's being mentioned again, but it was never mentioned. The United States has been getting ripped off for fifty years and we're simply not going to take it anymore.
And that's what's happening right now. In nineteen fifty, the United States dominated lobo auto production, producing more than seventy five percent of all of the cars on I think of that, seventy five percent and even higher before that. Today we produce eleven percent, while China produces three times more than we do. Let me tell you something with the tariffs that we're doing is you know, we have tariffs on automobiles aluminum seal separate from the other tariffs,
the baseline we call it. Companies are pouring back into our country with plants. There's a run on sites. There's a run on old plants. Most of them are being ripped down for new plants. They stopped building in Mexico, four or five plants, and they're all coming into the United States. I know what the hell I'm doing. I know what I'm doing, and you know what I'm doing too. That's why you vote for me. And the chip makers are coming in. They're all coming in. We've never had
anything like this. We have investment. They think of about seven think of this, seven trillion dollars and that's been in a month and a half. Think of that for the first Like, you've got to give me a little time to get warmed up with that. So let's take the first couple of weeks off for about a month and a half, we got seven almost seven trillion dollars spoken for trillion. We've never had that. I don't know
if we've ever had it any time. These are the biggest chip makers in the world, the biggest auto manufacturers in the world. Seven trillion dollars of investment, and that means jobs. I look at differently, not investment. I look at it as jobs. And they're coming in at levels that we've never seen before. And it is true that Mexico they've stopped building plans, so those plants are now going to be built in the United States America. So it's pretty exciting. Well, because of two things. They say.
They want to be nice to me. They say, sir, because of November fifth, the election, and because of tariffs. I said in that order, and the smart one say yes, sir. First was that you got elected, and second was tariffs. And I'll accept that, you know, but I will tell you because of tariff's but I'm the only one that
would have done the tariffs because everybody was afraid. They were afraid of being criticized, because the globalists will go after you for seven decades, American ships have patrolled the seas, American troops have kept the pace and peace, and American wealth has enriched the globe. But despite all we have given to them, you will not find an American car in Berlin, in Tokyo, in Seoul and Shanghai, not a car. I used to say to Angel America, Angola, how many
Chevrolets do we have in Berlin? Why? None? Donald, None, That's right, Angola, you got it. How many Chevrolets do you think we have in Munich Angola none? Donald, I said, you sent us seven million cars last year, So we're going to start buying American made cars or cars that are manufactured in America. In China, as you know, is one of the bigger offenders. And it's not all China. Look, I get along with Presidency. I have over the years, but you know you just when COVID came, that was
the end. That was it. That was called the bridge too far. But I've always had a good relationship with a very smart guy. Loves his country. I love our countries, so you know we love our country, he loves his. I tell that to other leaders, you got to fight for your country. You're not going to fight for us, but we can't fight for you. We're fighting for other countries. We're trying to make them great without making us great. But those days are over. They steal our intellectual property,
they rob our trade secrets. They manipulate their currency to levels that have never been seen before. Today it was announced that China is reducing its currency. Did you see that, big? Big? In other words, they're going to make up for it. They got every trick on the book. I'll tell you they are great. You got to hand it to them. You got to hand it to them. They're manipulating their currency today as an offset against the tariffs. Not supposed to do that. The game isn't supposed to be played
that way. It makes it very hard for us. But in the end it's not good because they have to buy oil. See we don't need oil. We don't need oil, and guess we have more than any other country. They have to buy it. That's where it hurts them. When they do that. It costs them twice as much, and they ship their products through every one of our trading partners, running up our deficits. With these countries, they sell a lot. You know, when you put a tariff on them. They
sell it. Like with steel, they were dumping tremendous amounts of steel into our country. During my term, I saved every steel milly. We only have steel mills because of what I did. I put a high tariff on them twenty five and then fifty percent, and it stopped. It stopped. They were dumping so much. To you, we would have lost every single seal mill. The people that liked me best are the people in the seal business. But I think the auto business is going to be right there.
I think gyps are going to be there. I think pharmaceuticals are going to be there, because you know, we don't make our own pharmaceuticals, drugs and other things to get better, they're made in other countries and you pay a number. I mean, the same package in our country compared to like London and other places is sometimes ten times more. Ten times more. Something that sells for eighty eight dollars in London sells that thirteen hundred dollars here,
made of the same factory by the same company. And that's over. I told them all that's over. They put all of their research and develop money, they put everything, but what they don't tell you is that these other countries are smart. They say you can't charge more than eighty eight dollars, otherwise you can't sell your product, and the drug companies listen to them. But we're going to do something that we have to do. We're gonna put
We're going to tariff our pharmaceuticals. And once we do that, they're going to come rushing back into our country because we're a big market. The advantage we have over everybody is that we're the big market. So we're going to be announcing very shortly a major tariff on pharmaceuticals. And when you and when they hear that, they will leave China, they will leave other places because they have to sell.
Most of their product is sold here, and they're going to be opening up their plants all over the place in our country. We're going to be announcing that. So that's breaking news, ladies and gentlemen. We have breaking news. That's what's going to happen. What other presidents allow China to get away with is absolutely criminal. But I'm not like the other presidents, and it's not going to happen under President Trump. It's just not going to happen. And
after all, of the abuses they've perpetrated. China's attempting to impose additional unjustified tariffs just so you understand, they all got rich because of the tariffs. You know, now when we do it all, it's so terrible what Trump is doing. It's so terrible. They got rich, and not only China, many countries. I mean, you look at Vietnam, you look at so many. I could name fifty right now. Biden couldn't do that. He couldn't name any name, one country,
name any country. What's the name of our country? He doesn't know. That's why additional tariffs and Chinese goods are in place, effective midnight tonight at one hundred and four percent until they make a deal with us. That's what it's going to be. I think they'll make a deal at some point. China will. They want to make a deal, They really do. They want to make a deal. They just don't know how to get it started because they're proud people. China will now pay a big number to
our treasury. Is all taxes. And don't let them keep telling you that this is a tax on our people. I hate that, you know, they say it's a tax. Now often much of it is paid. And hey, look what happened during my first term. We had no inflation, and yet I took in hundreds of billions of dollars in tariffs and taxes from China. No other president got
ten cents in tariffs or taxes from China. I got hundreds of billions of dollars, hundreds of billions of dollars, and I still got along with it because they understood what they were doing was wrong. They understood it. It's when you explain it, they say. I've had numerous leaders tell me you're right, sir. I was waiting for you to bring this up because some of the trade deals that were made by predecessors as president was so bad you almost wonder who did these deals. They were either
crooked or stupid. There can be nothing else. They're either stupid or crooked. It's terrible, but it's all being changed. I change a lot of it in the first four years, but it's all being changed. You know. In the first four years, we have the most successful in history in terms of economics. We had eighty eight percent increase in the stock markets. We had an eighty eight percent increase. Has never been any president that had an eighty eight
percent increase. We had eighty eight percent and do a lot of happy people. And I think we're going to do much better than that this time, because this time I'm doing what I want to do with respect to the tariffs. I think we're going to do much better. And just remember the numbers. When you get up to two billion a day, two billion a day. They're saying, sir, tip you that tenant. I said, yeah, I can. It's the biggest, the biggest transaction ever made. This is bigger
than any deal. You guys, some of you work for companies, your companies of peanuts. I don't care how big they are compared. It is the largest transaction in the history of our country. And don't let some of these policies to go around say you know, because I'm telling you, these countries are calling us up, kissing my ass. They are. They are dying to make it you please, please make it to you. I'll do anything. I'll do anything, sir.
And then I'll see some rebel Republican, you know, some guy that wants to grandstand say I think that Congress should take over negotiations. Let me tell you, you don't negotiate like I negotiate. Congress takes over negotiating sell America fast because you're gonna go bust it. You don't. I just saw it today. A couple of your congressmen s there, I think we should get involved in the negotiation of the tariffs. So that's what I need. I need some some guy telling me how to negotiate. I tell you,
the happiest people in the world would be China. They wouldn't be paying one hundred and four percent. I tell you, they'd be paying no percent, would be paying them one hundred and four percent. That's the beauties. These guys. We gotta be careful, and even the concept of it hurts your negotiation. When they see a little story like that the other side, you know, it hurts your negotiation. And then the fake news wants to build it up and it has no chance anyway.