00:00And the big news is here from the United States of America Donald Trump has imposed
00:06Reciprocal tariffs one after another on nations including India
00:10What has been his decision for India that the country was eagerly waiting and watching?
00:1626% tariff on Indian imports
00:2025% tariff on foreign-made
00:22Automobiles remember that Indian imports largely with regard to the bilateral trade decision will stand but there was also a separate tariff
00:30That he had said on automobiles automate parts
00:32And if there is going to be made in America or assembled in America
00:37The those companies will get relief, but if it's foreign made it would be 25% tariff
00:44In many ways, let me tell you that compared to other nations from what I can see
00:48It appears that India has definitely got a certain discount
00:53Donald Trump also went ahead
00:55Specifically mentioned India vis-a-vis Prime Minister Narendra Modi
01:00Here's how Donald Trump went and went ahead with the tariff
01:04What did he say about India then about China as well?
01:07And amid all of this, how will the friendship between PM Modi and Donald Trump help ahead?
01:22If you look at that
01:24China first row China
01:2767% that's tariffs
01:29charged to the USA including currency manipulation and trade barriers, so
01:3667% I think you can for the most part see it those with good eyes with bad eyes
01:41We didn't want to bring it's very windy out here
01:43We didn't want to bring out the big charts because it had no chance of standing
01:47Fortunately, we came armed with a little smaller chart
01:51So it's 67% so we're gonna be charging a discounted reciprocal tariff of 34%
01:57I think in other words, they charge us we charge them we charge them less. So how can anybody be upset?
02:03They will be because we never charge anybody anything, but now we're gonna charge
02:09European Union, they're very tough very very tough traders
02:13You know, you think of European Union very friendly they rip us off it's so sad to see it's so pathetic
02:2139% we're gonna charge them 20% so we charge you can potentially have
02:26Vietnam great negotiators great people. They like me. I like them. The problem is they charge us 90%
02:34We're gonna charge them 46% tariff
02:37Taiwan where they make they took all of our
02:41Computer chips and semiconductors. We used to be the king right? We were everything we had all of it
02:47Now we have almost none of it except the biggest company is coming in they're gonna have we're gonna end up with almost 40% Lee
02:53Zeldin's working to get their approvals and
02:55It's an amazing company. Mr. Wei of one of the great companies of the world
03:00Actually, they're coming in from Taiwan and they're gonna build one of the biggest plants in the world
03:05Maybe the biggest for that but 64% we're gonna charge him 32% Japan
03:11very very tough
03:13Great people and again, I don't blame the people for doing it. It's I think they're very smart into it
03:19I blame the people that sat right in that Oval Office right over there right behind the resolute desk or whichever desk they chose
03:27Japan 46% they would charge us 46% and much higher for certain items like cars, you know little items like cars
03:3646% we're charging them 24% India very very tough very very tough
03:42The Prime Minister just left he's a great friend of mine, but I said you're a friend of mine, but
03:48You're not be treating us, right?
03:50They charge us 52% you have to understand we charge them almost nothing for years and years and decades and it was only
03:58Seven years ago when I came in
04:00We started with China charge that we took in hundreds of billions of dollars from China in tariffs
04:07And they understood honestly
04:10President Xi understood he said look I understand and the other countries and they all understand
04:15We're gonna have to go through a little tough love maybe but they all understand they're ripping us off and they understood it
04:22Prime Minister of Japan
04:25Shinzo was Shinzo Abe. He was a fantastic man. He was
04:31Unfortunately taken from us assassination, but I went to him and I said Shinzo
04:37We have to do something at trade it's not fair
04:40He said I know that I know that and he was a great gentleman. He was a
04:46Fantastic man, but he understood immediately what I was talking about. I said Shinzo we have to do something
04:52He said I know that and we've worked out a deal and it would have been a much better deal
04:56But frankly, there were many years left in the deal that was made previous to my getting there, but it was it was something
05:04If you look at Switzerland 61% to 31% Indonesia, Malaysia
05:10Cambodia, oh look at Cambodia
05:1297%
05:13We're gonna bring it down to 49. They made a fortune with the United States of America United Kingdom 10%
05:20And we'll go 10%
05:22So we'll do the same thing
05:24South Africa Oh
05:2760% 30% and they've got some bad things going on in South Africa, you know, we're paying them
05:33Billions of dollars that we cut the funding because a lot of bad things are happening in South Africa
05:38The fake news ought to be looking at it. They don't want to report it
05:42Brazil 10% 10%
05:44Bangladesh is
05:4774% so you see what's going on?
05:49Pakistan 58%
05:52Sri Lanka
05:5588% so what we're doing is we're taking not the full we could take the full 88% Thanks a lot
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