Trump hails Canada 'a great place' as he imposes aggressive tariffs – YouTube Dictation Transcript & Vocabulary

1.president is there anything China Canada and Mexico can do tonight to Forstall your implementation of tariffs tomorrow no nothing not right now no not a negotiating tool no it's not no it's a pure economic we have big deficits with as you know with all three of them it's uh it's a lot of money coming to the United States as you know we have about a $200 billion deficit with with Canada getting close to $200 billion they've treated us very unfairly and I say why should we be subsidizing Canada they you know it's wonderful I have so many friends in Canada it's a great place is there a concession we looking for sir no we're not looking for a concession and we'll just see what happens eventually we're going to put tariffs on chips we're going to put tariffs on oil and gas that'll happen fairly soon I think around the 18th of February and we're going to put uh a lot of tariffs on Steel we already have tariffs on steel and we've saved our steel industry but that was relatively small compared to what it'll be but we're going to be putting tariffs on steel and aluminum and ultimately copper copper will take a little bit longer and that'll happen pretty quickly it'll mean uh it'll be a great boost for our steel industry it'll make our steel industry very strong am I going to impose tariffs on the European Union do you want the truthful answer or should I give you a political answer absolutely absolutely the European the European Union has treated us so terribly you promised Americans to try to reduce cost and so many of the products would be Ted and we are treated so badly they don't take our cars they don't take our farm products essentially they don't take almost anything and we have a tremendous deficit with the European Union so we'll be doing something very substantial with the European Union we're going to bring the level up to where it should be and and yet I charged hundreds of billions of dollars of tariffs to countries and uh tariffs don't cause inflation they cause success cause big success so we're going to have great success there could be some temporary short-term disruption and people will understand that I had that when I negotiated some of the good deals for the farmers but the tariffs are going to make us very rich and very strong and uh we're going to treat other countries very fairly uh but uh if you think about it uh other countries charge us tariffs we don't charge them tariffs and it's about time that that changes sir are you concerned about the market reaction around tariffs no uh no tariffs the word tariff is a very misunderstood word word I've you've heard me say I say it kiddingly but uh it's one of the most beautiful words in the dictionary