00:00China, 67%. That's tariffs charged to the USA, including currency manipulation and trade barriers.
00:30China, 67%. That's tariffs charged to the USA, including currency manipulation and trade
00:56barriers. So, 67%, I think you can, for the most part, see it. Those with good eyes, with
01:02bad eyes. We didn't want to bring, it's very windy out here, we didn't want to bring out
01:05the big charts because it had no chance of standing. Fortunately, we came armed with
01:11a little smaller chart. So, 67%, so we're going to be charging a discounted reciprocal
01:18tariff of 34%. I think, in other words, they charge us, we charge them, we charge them
01:23less, so how can anybody be upset? They will be because we never charge anybody anything,
01:28but now we're going to charge.
01:53So, 67%, so we're going to be charging a discounted reciprocal tariff of 34%, so how can anybody
03:49be upset?
03:56Imposing tariffs and protective barriers made nations poor, then every country on earth
04:02would be racing to eliminate these policies, and China would be the first in line. They
04:07run a very strong country, but they're not first in line, and the American people are
04:14paying a very big price. From 1789 to 1913, we were a tariff-backed nation, and the United
04:23States was proportionately the wealthiest it has ever been. So wealthy, in fact, that
04:28in the 1880s, they established a commission to decide what they were going to do with
04:34the vast sums of money they were collecting. We were collecting so much money so fast,
04:39we didn't know what to do with it. Isn't that a nice problem to have? What do you think,
04:43Marco? Good problem? Marco would love that problem, but we don't have that problem anymore.
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