00:00The President's trade representative this morning told senators that the President does not intend
00:04on carving out exemptions for products and companies when it comes to tariffs.
00:08But would the administration consider changing that stance should bankruptcies
00:13begin among U.S. companies who are dependent on China trade?
00:16I won't get ahead of the President on any exemptions or his decision on that.
00:19I will leave that to him.
00:20But again, we're looking at this country by country and based on the needs of the American people and the American workforce.
00:26And one more. Can you walk us through how this specific tariff plan was decided on and which advisor came up with it?
00:34The reciprocal tariff plan?
00:35It was a plan that was discussed by the President's entire trade team over the course of many, many meetings.
00:41And the President ultimately decided on which way to go.
00:44A few proposals were given to the President.
00:46There was debate and discussion, and the President made his decision.
00:50And as you've seen very publicly, the entire trade team is on board with this plan
00:53and the negotiations that will ensue because of it.
00:55Sure.
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