I thought that people were jumping a little bit out of line [on tariffs]. They were getting yippy. You know, they were getting a little bit yippy, a little bit afraid.... Over the last few days it looked pretty glum... You have to be flexible. You have to be able to show a little flexibility. And I'm able to do that.
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The path forward is to bring people together, not push them apart. I hear fearful voices calling for building walls and distancing people they label as 'others'. I hear them calling for blocking free expression, for slowing immigration, for reducing trade, and in some cases even for cutting access to the internet.
From 1789 to 1913, we were a tariff-backed nation and the United States was proportionately the wealthiest it has ever been. So wealthy, in fact, that in the 1880s, they established a commission to decide what they were going to do with the vast sums of money they were collecting.
If you want to build cars in the world, then I wish you all the best. You can build cars for the United States, but for every car that comes to the USA, you will pay 35% tax. I would tell BMW that if you are building a factory in Mexico and plan to sell cars to the USA, without a 35% tax, then you can forget that.
I fully understand the One-China policy. But I don't know why we have to be bound by a One-China policy unless we make a deal with China having to do with other things, including trade.
I know better than anybody about sanctions and tariffs and everything else.
They just made a very large order in the United States and we appreciate that for many billions of dollars, which means jobs for the United States and great, great equipment for Vietnam.
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