Video transcript
-We saw the successful negotiating strategy that President Trump implemented a week ago today. It has brought more than 75 countries forward to negotiate. It took great courage, great courage, for him to stay the course until this moment. And what we have ended up with here, as I told everyone a week ago, they are in this very spot. Do not retaliate, and you will be rewarded. So every country in the world who wants to come and negotiate, we are willing to hear you. We're gonna go down to a 10% baseline tariff for them, and China will be raised to 125 due to their insistence on escalation. I'm not calling it a trade war, but I'm saying that China has escalated, and President Trump responded very courageously to that. It signals that President Trump cares about trade and that we want to negotiate in good faith. And as I said, each one of these is going to be a separate, bespoke negotiation. So we are confident that having seen the other side of where this could go. And it was like I said last week. The market didn't understand those were maximum levels. The countries can think about those levels as they come to us to bring down their tariffs, their non-tariff trade barriers. We're gonna discuss currency manipulation, subsidy of labor, and industry.
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