President Trump spoke about trade deals and tariffs extensively at the ground breaking of Foxconn in Wisconsin.
“We are demanding from foreign countries, friend and foe, fair and reciprocal trade,” Trump said.
Trump touted steel and aluminum tariffs, and noted the NAFTA renegotiation.
He said again that the US has lost “500 billion” each year from China.
“We’ve helped rebuild China,” Trump said. “Someday they’ll say thank you, but we don’t want to do that anymore. We want to have a fair and balanced situation.”
A trade deal with China, he said, “doesn’t have to be immediately” but “it does have to be fair.”
Speaking about trade barriers with the European Union, Trump said, “They don’t want our corn … if you don’t want our agricultural product, we don’t want your cars, it’s not such a complicated formula.”
He said the Europeans have come to negotiate: “Frankly, don’t tell them I said it, but they already have – don’t ever tell them I said it.”