0:00
Mr. Trump promised to bring down the
0:01
cost of goods day one and what he has
0:04
done through his trade deficit fixation
0:07
and his tariff chaos uh has nakedly uh
0:12
increased the cost of goods. The
0:13
estimates are that for consumers in my
0:15
area, suburban Philadelphia, $2,000 at
0:18
least a year increases on goods. I'll
0:21
give you an example of one.
0:25
Bananas. What's the tariff on bananas?
0:28
Americans, by the way, love bananas. We
0:30
buy billions of them a year. I love
0:33
bananas. What's the tariff on bananas?
0:37
The tariff on bananas would be uh
0:39
representative of the countries that
0:42
And what what's that tariff?
0:45
Correct. 10%. Walmart has already
0:47
increased the cost of bananas by 8%.
0:50
As countries do deals with us, that will
0:53
go to zero. as countries do deals with
0:56
us on the American consumer now and on
0:59
the businesses with the confusion now.
1:01
Mr. Secretary, I believe you know
1:04
better. I believe you recognize that a
1:06
trade deficit is not uh something to
1:09
fear. I believe you know that
1:10
predictability, stability is essential
1:13
for businesses. I wish you would show
1:17
that truth to this administration and I
1:21
Time of the gentle lady is expired. Do
1:22
you mind, Mr. Chairman, if I make one
1:24
quick comment to the end, would that be
1:28
Would you mind if I make one quick
1:29
comment to the representative?
1:31
Uh, there is no uncertainty. If you
1:33
build in America and you produce your
1:35
product in America, there will be no
1:39
building in America and pay no tariff is
1:43
We cannot fight bananas in America.
