Name: Trump Announces 10% Baseline Tariff, Reciprocal Tariffs on Some Nations | WSJ News
Uploaded: 2025-04-03T14:53:37.000Z
Duration: 4 min 9 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Participle clauses

Starting tomorrow, the United States will implement reciprocal tariffs on other nations.

Adverbs of degree

It's been a long time since we even thought of that.

Adverbs of manner

But we will charge them approximately half of what they are and have been charging us.

So the tariffs will be not a full reciprocal.

I could have done that, yes, but it would have been tough for a lot of countries.

We didn't want to do that, I'd like to see the chart if you have it.

Could you bring it up Howard, this is our great Secretary of Commerce, Howard Lutnick.

So if you look at that, China first row, China 67%, that's tariffs charged to the USA including currency manipulation and trade barriers.

So 67%, I think you can for the most part see it, those with good eyes with bad eyes.

We didn't want to bring it's very windy out here, we didn't want to bring out the big charts because it had no chance of standing.

Fortunately, we came armed with a little smaller chart.

So 67%, so we're going to be charging a discounted reciprocal tariff of 34%.

I think in other words, they charge us, we charge them, we charge them less.

They will be because we never charged anybody anything.

European Union, they're very tough, very, very tough traders, you know, you think of European Union very friendly, they rip us off, it's so sad to see.

Vietnam, great negotiators, great people, they like me, I like them, the problem is they charge us 90%.

Taiwan, where they make, they took all of our computer chips and semiconductors.

Now we have almost none of it except the biggest company is coming in, they're going to have, we're going to end up with almost 40%.

Lee Zeldin's working to get their approvals.

And it's an amazing company, Mr. Way of one of the great companies of the world actually, they're coming in from Taiwan and they're going to build one of the biggest plants in the world.

Maybe the biggest for that, but 64%, we're going to charge them 32%.

And again, I don't blame the people for doing it.

It's, I think they're very smart in doing it.

I blame the people that sat right in that oval office right over there, right behind the resolute desk or whichever desk they chose.

But you see the, you see the numbers, the numbers are so disproportionate.

At the same time, we will establish a minimum baseline tariff of 10%, you notice that on the chart and that'll be on other countries to help rebuild our economy and to prevent cheating.

So we're going to have a minimum of cheating.

And we're going to be very severe on the people that at the gate that watch the tariffs and watch the product coming in.

Because there's been a lot of, uh, a lot of bad things happening at the gate because the money is so enormous that you're talking about.

There's never been probably anything like it in terms of the enormity and there a lot of bad things happen at the people that do the check in and they're looking at 10 year jail sentences if they do play.

But if they cheat, uh, the repercussions are going to be extremely strong.

Foreign nations will finally be asked to pay for the privilege of access to our market, the biggest market in the world.

We're right now the biggest market in the world.

We had a great country four years ago in terms of the economics, we were doubling up on China.

We were doing so well, nobody was going to catch us.

But so much of it slipped away over the last four years under Biden.

I campaigned on this policy throughout last year and today that promise was made and it was also a promise as you know that was kept.

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Trump Announces 10% Baseline Tariff, Reciprocal Tariffs on Some Nations | WSJ News

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