Donald J. Trump

Thank you.

And they're very happy, and their stock market went up, and our stock market went up, and that's supposed to be the way it is.

Ours went way up, and theirs went up.

And we've made numerous other deals like that, but the opening up of a country is very important to us.

We have numerous countries that have opened their doors, just made some incredible transactions, but we're gonna have

a very, very simple tariff for some of the countries.

You have so many countries, you can't negotiate deals with everyone.

So we'll have a straight, simple tariff of anywhere between 15 and 50%.

A couple of we have 15 because we haven't been getting along with those countries too well.

So we just say, let's pay 50.

And that's the way it is.

But remember, we get countries that were closed, always closed.

Everyone in this room would never remember any of them to be open.

We've offered such a deal to the European Union where we're in serious negotiations.

And if they agree to open up the union to American businesses, then we will let them pay a lower tariff.

So the tariff is very important, but the opening of a country, I think, can be more important if our businesses do the job that they're supposed to be doing.

Such openings are worthy of many points in tariffs, and they're

a good thing not only for, as an example, Japan or Europe, but certainly a great thing for America because it allows our businesses to go out and fairly compete and do really well if they compete properly like the people that I know.

Everyone in this room practically I know has competed very successfully.

I haven't seen any, and I know the losers just like I know the winners.