"Trump Modifies Tariffs to Protect U.S. Automakers and Farmers from Mexico & Canada"

Ver "Trump Modifies Tariffs to Protect U.S. Automakers and Farmers from Mexico & Canada" - Diario As en Dailymotion

Transcript

00:00In order to protect American car manufacturers and American farmers,

00:04we have two modifications to the IEPA tariffs that have already been announced against Canada and Mexico.

00:10This first order relates to Canada.

00:13Essentially, what it will allow for is the flow of parts and subassembly products into America

00:22to allow American car manufacturers to continue building cars.

00:26It basically excludes USMCA-eligible goods from existing tariffs.

00:30And also, in order to help our farmers at this crucial time of year,

00:34we're going to be reducing the tariff imposed on Canadian potash from 25 percent to 10 percent.

00:40So this is a modification to our tariff regime to protect American car manufacturers and American farmers.

00:47It basically makes it more fair for our car manufacturers during the short-term period before April 2nd.

00:54April 2nd is a little bit different.

00:58That will be much more significant.

01:01But during this interim period between now and April 2nd,

01:05this makes it much more favorable for our American car manufacturers.

01:25Can you see that, Peter?

01:27Nice to be tall, Peter, right?

01:29I see right over him.

01:31You can see. It's so nice.

01:32That's why he's such a gentleman. He doesn't have to rush.

01:36Okay?

01:37And this is the same just for Mexico, sir, the previous one.

01:40Same thing for Mexico.

01:41That's exactly right.

01:42One for Canada, one for Mexico.

01:43Yes, sir.

01:45They've been in the news lately, haven't they?

01:50And I spoke to the president of Mexico, a wonderful woman, today,

01:55and we helped them out with a problem they were having,

01:59having to do with the tariffs, short-term tariffs.

02:03And we had a very good conversation.

02:06Also, we discussed drugs, and they've been working much harder lately.

02:10Do you notice that?

02:12On people coming in and drugs.

02:14And we've made tremendous progress on both.