Trump Asked Which Nations Are Close To Trade Deals As Tariff Pause Deadline Nears

At a press briefing, President Trump was asked about possible trade deals.

Transcript

00:00Mr. President, you have a deadline coming up on trade in two weeks.

00:05Which countries, if any, are close to agreements with the administration?

00:11Well, that's an interesting question.

00:13We've made a deal with China.

00:14We've made a deal with probably four or five different countries.

00:18With the UK, it was a great deal for both.

00:22And we're in the process of making some others.

00:24But ultimately, in fact, Scott is here.

00:27Howard Lutnick, these two guys have been doing an incredible job.

00:29And the people that work with them have been doing an incredible job.

00:33But, you know, we have 200 countries.

00:35You could say 200 countries plus.

00:36We can't do that.

00:38So at a certain point over the next week and a half or so, or maybe before,

00:42we're going to send out a letter.

00:43We've talked to many of the countries.

00:45And we're just going to tell them what they have to pay to do business in the United States.

00:49And it's going to go very quickly.

00:51But some of the bigger countries, India, I think we're going to reach a deal

00:56where we have the right to go in and trade.

00:58Right now, it's restricted.

00:59You can't walk in there.

01:00You can't even think about it.

01:01We're looking to get a full trade barrier dropping, which is unthinkable.

01:08And I'm not sure that that's going to happen.

01:10But as of this moment, we've agreed to that.

01:12Go into Indian trade.

01:13We're going to be trading in China.

01:14That's going to come a little bit down the road, but we're going to be trading in China.

01:17We have a lot of great things going.

01:19And we're getting along with countries.

01:21But some will be disappointed because they're going to have to pay tariffs.

01:24And we've taken in already hundreds of billions of dollars in tariffs.

01:29No inflation.

01:31The only problem we have is we have a Fed guy that doesn't understand what's happening.

01:34And it would be great if it lowered the rate because we'd be able to borrow a lot cheaper.

01:38Why don't we keep it on this subject?

01:45This is such a big subject.

01:47You know what?

01:48Trade is so big.

01:49But this, I don't know, in a certain way, this might be bigger than trade.

01:52I think this is bigger than trade.