Winning the AI Race Part 5: President Trump on the AI Action Plan

**SPEAKER_1** (0:00)
Ladies and gentlemen, the 45th and 47th President of the United States, Donald J. Trump.

**Donald J. Trump** (0:41)
Thank you very much, everybody. What a great song that is, but we'll we'll cut it a little short because we have some business to discuss. What a group of smart ones we have in front of me today. That's about as good as it comes up here, the brain power. The greatest power of them all, the brain power. Well, I'm thrilled to be here with so many tech leaders and luminaries as we take historic action to re-assert the future which belongs to America, always has belonged to America. We just lost sight of it on occasion. And I just want to start by stating that we've just concluded our big trade deal with Japan and numerous other countries in addition, as you know. But on the Japan deal, because it was literally just signed, letter was just signed, it gives us a sort of signing bonus. So I'll bring it into Sports Talk, a signing bonus. Like you have signing bonuses too, I understand. Getting a lot of money, 100 million, that's not bad. But that's not as good as the signing bonus we got. We got a $550 billion signing bonus for the country.
And we had the tariff at 25 percent. As you know, we had a tariff at 25 percent. And this was, these are great people that we negotiated with. But we agreed to reduce it to 15 based on the fact that Japan has agreed for the first time ever to open up its country to trade, so that all of our American businesses and business geniuses, including many in this room, can go out and do business openly and freely in Japan. A very rich and prosperous and profitable and wonderful country, frankly. And we will pay a zero tariff as we do business in Japan. So we're paying zero, they're paying 15 We're getting $550 billion, and to be exact, it's 90% of that, but we control the whole lot of it. And it's really been great. And they're very happy, and their stock market went up, and our stock market went up, and that's supposed to be the way it is. Ours went way up, and theirs went up.
And we've made numerous other deals like that. But the opening up of a country is very important to us. We have numerous countries that have opened their doors, just made some incredible transactions. But we're going to have a very, very simple tariff for some of the countries. We have so many countries, you can't negotiate deals with everyone. So we'll have a straight, simple tariff of anywhere between 15 and 50 percent. A couple of we have 15, because we haven't been getting along with those countries too well. So we just say, let's pay 50 And that's the way it is. But remember, we get countries that were closed, always closed. Every one in this room would never remember any of them to be open. We've offered such a deal to the European Union, where we're in serious negotiations. And if they agree to open up the Union to American businesses, then we will let them pay a lower tariff. So, the tariff is very important, but the opening of a country, I think, can be more important if our businesses do the job that they're supposed to be doing. Such openings are worthy of many points in tariffs, and they're a good thing not only for, as an example, Japan or Europe, but certainly a great thing for America, because it allows our businesses to go out and fairly compete and do really well if they compete properly, like the people that I know. Everyone in this room, practically, I know, has competed very successfully. I haven't seen any, and I know the losers, just like I know the winners. I don't see any of the losers here. But now if some of the countries that pay 25 percent or more on orders complain, remember that Japan was willing to pay upfront the $550 billion for that privilege of negotiating with the United States of America. We also made a deal yesterday with the Philippines and Indonesia, which in both cases will be opening up their country. And we're in the process of completing our deal with China. And as you know, the UK, we made a deal. It was a very good deal for everybody. Everybody's happy. It's always nice when everybody can be happy. But mostly we'll be charging straight tariffs to most of the rest of the world. Because we have over 200 countries people don't realize it's a lot of, that's a lot of deals. Even if you're like me, a deal junkie, that's a lot of deals. That would be too much for anybody. How did we do with this country that I never heard of? We got a lot of, we got a lot of deals cooking. But America is taking in hundreds of billions of dollars like it never has before. Investments into our country at the highest point ever in history. And we've just really been opened up for business for three of the six months. The first couple of months we got ourselves all set. Done a great job with our military, as you know. You saw that two weeks ago when you saw the way those incredible B-2s flew into Iran and took out an entire nuclear potential deadly force.