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I reject the idea that President Trump started a trade war. For decades, countries like China and Mexico have harmed American workers and the economy through practices like intellectual property theft and illegal immigration. The mainstream media ignored these issues for years and now pretends to care about American consumers, particularly regarding tariffs. Many corporate media outlets are influenced by a globalist agenda, but Trump represents a shift towards using America's economic power to achieve real wins, including in immigration. The Chinese Communist Party has long exploited American workers, and the narrative that the trade war began with Trump is misleading. The focus on American workers and consumers is often performative.

President Trump is prioritizing America by implementing reciprocal tariffs, a concept with bipartisan support. Trump aims to reverse decades of being the "world's ATM," referencing his 1988 concerns about trade imbalances with Japan and other countries not paying their fair share. The US has become overly reliant on adversaries like China, even for essential items like pharmaceuticals. Between 2020 and 2022, US imports of China-based pharmaceuticals grew by 485%. China now owns the American generic drug supply. Trump is implementing discounted reciprocal tariffs, charging China half of what they charge the US. Critics predict economic disaster, but Trump supporters argue these tariffs are essential for long-term independence and are already incentivizing investment in American factories. Critics accuse Trump of promising to lower the high cost of living, but now, quote, crashing the economy. Countering claims that Trump will cut Social Security, supporters say he explicitly stated he would not. The speaker claims the media lies about Trump, while Americans support his actions.

This isn't a trade war, but a balancing of our economy with countries that have taken advantage of us for decades, getting rich over the backs of American workers. Unfair trade deals have caused the loss of manufacturing jobs, with production moving overseas and then being sold back to the U.S. Countries need access to the U.S. economy, the largest and greatest in the world, but it's costing manufacturing jobs. It is time for someone to stand up, and President Trump is applauded for being the first president to stand up and address this. It's about the future of America's economy. Trade deficits have increased year after year, and President Trump is finally doing something about it.

The president's strategy drove recent events. He and the speaker discussed it at length on Sunday. The president may have goaded China into a bad position, leading them to be perceived as bad actors. The U.S. is willing to cooperate with allies and trading partners who did not retaliate. The message was simple: don't retaliate, and things will turn out well.

Chuck Schumer and Nancy Pelosi have been discussing tariffs for decades. China's repression, trade deficit, and job losses for American workers are issues. Tariffs signal to China that unfair trade policies must end, or there will be dramatic consequences. When Democrat elites want tariffs, it's accepted, but when President Trump wants tariffs, there's a double standard. Some believe everyone knew tariffs were necessary, but lacked the courage to implement them. Implementing tariffs takes guts, and the country needs to be patient. The situation is working out, possibly faster than anticipated. This is a transition to greatness for the country. People investing in the country will do better than ever before.

Do it. The tariffs are said to be bringing in a lot of additional revenue, which, the speaker states, is being used to give tax relief to the American people and make it easier for average Americans to get by. So

Under Joe Biden's policies, trade deficits have been increasing, leading to job losses and economic damage. Last year, the US lost $383 billion to China and nearly $1 trillion worldwide, the largest trade deficit in history. These losses result in China gaining more jobs, victories, and long-term prosperity, while also using the money to strengthen their military. This path of subservience and economic ruin is being laughed at by other countries. In contrast, during my presidency, tariffs on China and other countries led to job creation, wage growth, and the opening of 17,000 new factories. Under my leadership, we will end these job-killing deficits, regain independence, and experience a great economic boom. Thank you.

The world has been cheating the U.S. for decades with tariffs and non-tariff barriers like VAT taxes, dumping, currency manipulation, and technical and agricultural barriers. These barriers transfer $1.2 trillion of wealth abroad annually, and $18 trillion since the U.S. started running deficits. The president's strategy is to charge other countries what they charge the U.S. It's easy to calculate the tariff differential, but non-tariff barriers are much higher. The U.S. paused for ninety days, knowing countries would want to bargain, and anticipates potentially having 90 deals in 90 days. The speaker believes this pause was a success for President Trump, and they are going to get this done for the American people.

Joe Biden has run up record trade deficits, costing the country jobs and wealth. To address this, I will pass the Trump Reciprocal Trade Act, which will impose the same tariffs on countries that impose tariffs on us. If they charge us, we charge them. This will either lead to them dropping their tariffs or paying us billions of dollars. It will benefit farmers, manufacturers, and the middle class, and reduce our dependence on China. This act will bring fairness and reciprocity to our trade relationships and put American workers on a level playing field. No more being disrespected on trade. The Trump Reciprocal Trade Act is the solution.

A 4% tariff on China is insufficient; 400% is necessary because China doesn't adhere to WTO rules, steals IP, and cannot be litigated against in their courts. This isn't just about tariffs; it's about leveling the playing field, something no one has done. The speaker claims to represent millions of Americans whose IP has been stolen. While acknowledging the Chinese people's contributions, the speaker asserts their government cheats and steals. The speaker praises the Trump administration for standing up to China. The speaker believes 400% tariffs would force China to negotiate, as Xi Jinping's leadership depends on employment. The speaker argues America, holding 39% of global consumables and 25% of the world's GDP, has the leverage to pressure China. The speaker advocates implementing 400% tariffs immediately, anticipating a swift resolution.

Joe Biden has run up record trade deficits, costing the country jobs and trillions of dollars. To address this, I will pass the Trump Reciprocal Trade Act, which imposes the same tariffs on countries that impose tariffs on us. They can either eliminate their tariffs or pay us billions of dollars. This will benefit farmers, manufacturers, and the middle class, and reduce our dependence on China. We have been disrespected on trade for too long, but that ends now with the Trump Reciprocal Trade Act.

The speaker advocates for raising tariffs on Chinese goods to 400% to force China to adhere to trade rules, alleging they haven't followed WTO rules since 2020 and consistently steal American IP. They claim China uses US financial markets unfairly, with Chinese companies not abiding by GAAP while listing on NASDAQ. The speaker says they are willing to accept market volatility to resolve the trade imbalance, which they believe harms American businesses through IP theft and unfair competition. They emphasize the distinction between the Chinese government and its people, criticizing the government's cheating and disregard for rules. The speaker believes the US has leverage due to being the largest consumer market and having a significant GDP. They argue that China needs the US, and this is the time to pressure them into compliance, even if it causes short-term economic disruption.

Joe Biden has run up record trade deficits, costing the country jobs and wealth. To address this, I will pass the Trump Reciprocal Trade Act, which will impose the same tariffs on countries that impose tariffs on American goods. If they don't drop the tariffs, we'll make money. Other countries will have two choices: eliminate tariffs on us or pay us billions of dollars. This will benefit farmers, manufacturers, and the middle class, and reduce our dependence on China. We have been disrespected on trade for too long, but with this act, that will change. The Trump Reciprocal Trade Act.

Of course big business and Wall Street hate Trump's tariffs; they've been decimating American manufacturing for decades. These tariffs are helping to reverse that trend. We've seen companies like Milwaukee Tool, which sounds American but is owned by the Chinese Communist Party, compete against American companies. That's why we need tariffs to protect companies that actually want to manufacture in the United States. Don't believe the lies you read; polls show Americans overwhelmingly support tariffs.

President Trump's strategy was to hit back very hard. The media predicted civilization would melt down. However, half the countries in the world decided to lower trade barriers and make a deal with the president. They needed access to US markets and determined it was in their best interest. These countries came to the table because of President Trump's actions. Some may not want to admit it, but it is the truth. Deal-making is an art, and President Trump has mastered it.

Experts have been wrong for 40 years about the effects of shipping manufacturing and industrial bases to other countries like China and Mexico. They claimed it would lead to cheaper goods and a stronger middle class, but they were wrong about making America less self-reliant. Donald Trump recognized this and decided to bring American manufacturing back, unleash American energy, and make more goods domestically.

I have paid tariffs. Revenues will stay here, and wages will increase. Our country will become wealthy again. I find it insulting that you are testing my economic knowledge and questioning the president's decisions. I regret giving the Associated Press a question. Mary, you can go ahead.

A 4% tariff on China is insufficient; 400% is necessary because China doesn't abide by WTO rules, steals IP, and can't be litigated against in their courts. A 400% tariff would force China to negotiate and level the playing field. No administration has confronted China, but the Trump administration has. This speaker claims to represent millions of Americans whose IP has been stolen. While acknowledging the Chinese people's contributions, the speaker asserts their government cheats and steals. Xi Jinping's leadership depends on employment, and America, controlling 39% of consumables and 25% of global GDP, holds the leverage. The speaker advocates for immediate 400% tariffs, believing it will compel China to negotiate swiftly.

I reduced the deficit by $1.7 trillion in just 2 years. No one has ever achieved this before.

The speaker states that China wants to make a deal with the United States and believes China has to make a deal. China made a mistake when it retaliated. When America is punched, the president punches back harder, which is why 4% tariffs will go into effect on China tonight at midnight. The president believes that Xi and China want to make a deal, but they just don't know how to get that started. If China reaches out to make a deal, the president will be incredibly gracious but will do what's best for the American people. The Chinese want to make a deal, but they just don't know how to do it.

China's actions have greatly contributed to reducing the president's knowledge level, which I praised in my speech.

Under Joe Biden's policies, trade deficits have been increasing, leading to job losses and economic damage. Last year alone, we lost $383 billion to China and nearly $1 trillion worldwide, the largest trade deficit in our history. These losses allow China to gain more jobs, victories, and long-term prosperity while they use the money to buy our real estate, factories, and build up their military. This path of subservience and economic ruin is evident to everyone, and other countries are mocking us. However, under my leadership, we will end these job-killing deficits, regain our independence, and experience a great economic boom. My previous tariffs on China and other countries actually resulted in no inflation, significant job creation, wage growth, and the opening of over 17,000 new factories in the USA. With my strategic national manufacturing initiative, we will achieve even greater success. Thank you.

The president is taking the right approach towards China, which has exploited the U.S. for two decades by stealing intellectual property and jobs. I align more with President Trump on this issue than with previous presidents, as they failed to confront China. If we show strength, China will likely back down, as they have more to lose with a $300 billion trade surplus with us. My priority is American jobs; when companies like General Electric move jobs to China, it harms workers in places like Schenectady, New York. We must prioritize the interests of American workers over international business interests.

The speaker believes President Trump has "won" because 40% of the world's countries are supposedly trying to reduce tariffs with America due to his actions. The speaker claims China wants a deal, not primarily for economic reasons, but to "save face." China's economy is allegedly in its worst shape in 25 years, making it unable to withstand further economic conflict. The speaker asserts China is quietly seeking a deal with President Trump, similar to 40% of countries worldwide. The speaker urges seizing the opportunity and pursuing a deal aggressively.

America protects and defends countries like South Korea, Japan, Canada, and all of Europe. In exchange, South Korea steals the automobile and electronics industries, Japan closes its market to American cars, Canada runs up a massive trade deficit, and Europe has a $300 billion trade deficit with the United States. America is getting ripped off by every other country in the world, resulting in the deindustrialization of the heartland, destruction of the American dream, and the eradication of the industrial and manufacturing base needed for national security. This has to stop, especially with $36 trillion in debt.