President Trump announced that tariffs are not fixed; they are part of a negotiation strategy to gain concessions from other countries. He emphasized that the recent executive order for a universal minimum tariff of 10% on countries with significant trade deficits, notably a 20% tariff on the EU, is an opportunity for the U.S. to leverage discussions with nations. He expressed confidence in the negotiating power tariffs provide and mentioned that many countries are now reaching out to negotiate within this new environment, indicating a shift in how global trade is conducted.
Every country has called us. That's the beauty of what we do, we put ourselves in the driver's seat, Trump told reporters aboard the presidential plane.
The tariffs give us great power to negotiate, Trump added. Always have, I've used them very well in the first administration, as you saw, but now we're taking it to a whole new level.
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