00:00From the standpoint of America, the EU treats us very, very unfairly, very badly.
00:07They have a large tax that we know about, and a VAT tax, and it's a very substantial one.
00:16He had no intention, in my opinion, of settling this war.
00:20I think he wanted the whole thing.
00:22Mr. President, have you made a decision on what level you will seek on tariffs in the European Union?
00:27Mr. President, we have made a decision.
00:30We'll be announcing it very soon, and it'll be 25%, generally speaking, and that'll be on cars and all of the things.
00:39And the European Union is a different case than Canada, a different kind of case.
00:43They've really taken advantage of us in a different way.
00:46The European Union's been... It was formed in order to screw the United States.
00:50I mean, look, let's be honest.
00:52The European Union was formed in order to screw the United States.
00:56That's the purpose of it.
00:57And they've done a good job of it, but now I'm president.
01:00What will happen if these countries or the EU retaliate?
01:03They can't.
01:04I mean, they can try, but they can't.
01:06Thank you very much.
01:15My fellow Americans, this is Liberation Day.
01:19Waiting for a long time.
01:21April 2nd, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again.
01:39So, if you look at that, China, first row, China, 67%, that's tariffs charged to the USA, including...
01:54President Trump's announcement of universal tariffs on the whole world, including the European Union, is a major blow to the world economy.
02:06I deeply regret this choice.
02:08Let's be clear-eyed about the immense consequences.
02:13The global economy will massively suffer.
02:17Uncertainty will spiral and trigger the rise of further protectionism.
02:21We know how important is the relation between the EU and the US for a strong West, for our civilization, also for our economic relations that are worth 30% of the world exchange.
02:38And so, I hope that this meeting can be a new beginning, let's say, like that.
02:44I've said repeatedly that I think, you know, Europe is an important ally of the United States, the individual countries within Europe are important allies of the United States, but of course we have some disagreements, as friends sometimes do, on issues like trade, and we also have many agreements and many things that we can work on together.
03:01I'm very proud to have the opportunity to welcome our three speakers, the President of the European Council.
03:13President Trump and I had a good discussion at the G7 Summit in Canada.
03:18Back then we agreed to speed up the work with a clear goal, an agreement before the 9th of July.
03:24Today we received the latest U.S. document for further negotiations.
03:32We are assessing it as we speak right now.
03:36So our message today is clear.
03:39We are ready for a deal.
03:42At the same time, we are preparing for the possibility that no satisfactory agreement is reached.
03:49This is why we consulted on a rebalancing list.
03:52And we will defend the European interest as needed.
03:56In short, all options remain on the table.
04:00Yes, thank you.
04:01Antonio, let me start.
04:03In any case, we will accept a sustainable situation where we would be taxed and where, in a way, we will not change our position in the matter.
04:16And so I support the work that has been done by the Commission to allow the re-equilibrium of our relations, because, in total, it is a cumulative amount of 60 milliards d'euros of additional rights on a year,
04:25which we are imposed, and they implique assez mechanically a response.
04:30The truth is that the best price between the United States and Europe, especially in the geopolitical context that we know, would be 0 for 0.
04:37If it would be 10 for 10 or the equivalent of 10, it would be the case.
04:42In any case, it has been clear that the European autonomy of the European Union in this discussion will be preserved.
04:48And, for my part, I consider that all the levers at our disposal should be privileged.
04:53My goal is to conclude quickly, which marks, and I can say here, that there is a real desire for the Europeans and a good desire for it to conclude.
05:02But this good desire for it does not be viewed as a weakness.
05:05We want to conclude quickly because it's our collective interest and it's good for the stability of international commerce and for our businesses, but we don't want to conclude quickly.
05:16Thank you very much.
05:23And I'd like to ask Caroline, who's become very famous, big star.
05:28You said a moment ago that it won't work out very well for Europe on trade.
05:32Does that mean you want to cut off those negotiations as well and just tell them what they should do?
05:35No, well, they've been very tough.
05:37Europe, the European Union, was formed in order to take advantage of the United States on trade.
05:42That was why they were formed.
05:43And they're nasty.
05:44They're very nasty.
05:45We have a good relationship.
05:46I'm dealing with Ursula right now in the group, but it's a very tough situation.
05:53They have been unbelievably bad to us.
05:57If you look at past precedents, they've treated them very badly.
06:00They're being very nice to me because I get it.
06:03I know the system.
06:04And we have the cards.
06:05We have the cards far more than they do.
06:07And the problem is they have a lot of very unfair taxes.
06:13They have a lot of taxes that you wouldn't put on.
06:17And they sue all our companies.
06:19They're constantly suing Apple and Google and all of these companies and getting, you know,
06:25in front of judges that essentially almost work for them.
06:28I guess they do work for them, the European Union judges.
06:32Thank you, President.
06:33Thank you, President.
06:34I'll write this for you.
06:34Thank you, guys.
06:35Thank you, guys.
06:36Congratulations.
06:37Thank you very much, Mr. President.
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