Deep Dive
Shownotes Transcript
The European Union, China, Brazil, India, Mexico and Canada, have you heard of them? And countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair. India charges us auto tariffs higher than 100%.
China's average tariff on our products is twice what we charge them. And South Korea's average tariff is four times higher. Think of that, four times higher. And we give so much help militarily and in so many other ways to South Korea. But that's what happens. This is happening by friend and foe. This system is not fair to the United States and never was. And so on April 2nd, I wanted to make it April 1st, but I didn't.
Want to be accused of April Fool's Day. That's not -- This one day cost us a lot of money. But we're going to do it in April. I'm a very superstitious person. April 2nd, reciprocal tariffs kick in. And whatever they tariff us, other countries, we will tariff them. That's reciprocal, back and forth. Whatever they tax us, we will tax them. If they do non-monetary tariffs,
to keep us out of their market, then we will do non-monetary barriers to keep them out of our market. There's a lot of that, too. We have had $1.7 trillion of new investment in America in just the past few weeks. The combination of the election and our economic policies that people of SoftBank, one of the most brilliant anywhere in the world, announced a $200 billion investment
OpenAI and Oracle, Larry Ellison, announced $500 billion investment, which they wouldn't have done if Kamala had won. Apple announced $500 billion investment. Tim Cook called me. He said, "I cannot spend it fast enough. It's going to be much higher than that, I believe." They'll be building their plants here instead of in China.
And just yesterday, Taiwan Semiconductor, the biggest in the world, most powerful in the world, has a tremendous amount, 97% of the market, announced a $165 billion investment to build the most powerful chips on Earth right here in the USA.