Trump Advocates for Tailored Trade Agreements Amid Tariffs
U.S. President Donald Trump reveals plans for personalized trade negotiations as nearly 70 countries express interest in discussing tariff reductions.
In a recent address at the White House, President Donald Trump announced his intention to pursue what he termed 'tailored agreements' with countries currently facing tariffs imposed by the United States.
He indicated that close to 70 nations have initiated contact with his administration to negotiate the potential removal of these tariffs, which were implemented the previous week.
Trump emphasized the unique nature of these agreements, stating, 'We are doing a great job and we are going to close what I call tailored agreements, not ones that come pre-made.
These are highly customized agreements.' He mentioned that Japan and South Korea are among the countries actively seeking negotiations, with representatives from Japan reportedly traveling to the U.S. for discussions.
The President acknowledged the high level of interest from various countries, noting a potential issue: his team may struggle to address inquiries from so many nations simultaneously.
However, he highlighted that there is no urgency, as the United States is currently benefiting financially from the tariffs that companies are required to pay when importing foreign goods.
Trump stated that these tariffs are generating approximately $2 billion per day in revenue for the U.S. government.
According to Trump, the significant influx of tariff-generated revenue reflects a broader economic strategy, claiming, 'It’s a lot of money.
And the United States is going to be very rich again, very soon.
You will see.' He also reiterated his position that many countries, particularly China, have historically treated the U.S. unfairly, alleging that China has taken advantage of the country until his administration implemented protective measures.
He indicated that close to 70 nations have initiated contact with his administration to negotiate the potential removal of these tariffs, which were implemented the previous week.
Trump emphasized the unique nature of these agreements, stating, 'We are doing a great job and we are going to close what I call tailored agreements, not ones that come pre-made.
These are highly customized agreements.' He mentioned that Japan and South Korea are among the countries actively seeking negotiations, with representatives from Japan reportedly traveling to the U.S. for discussions.
The President acknowledged the high level of interest from various countries, noting a potential issue: his team may struggle to address inquiries from so many nations simultaneously.
However, he highlighted that there is no urgency, as the United States is currently benefiting financially from the tariffs that companies are required to pay when importing foreign goods.
Trump stated that these tariffs are generating approximately $2 billion per day in revenue for the U.S. government.
According to Trump, the significant influx of tariff-generated revenue reflects a broader economic strategy, claiming, 'It’s a lot of money.
And the United States is going to be very rich again, very soon.
You will see.' He also reiterated his position that many countries, particularly China, have historically treated the U.S. unfairly, alleging that China has taken advantage of the country until his administration implemented protective measures.
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Translated by AI
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