"300% Tariffs" Just Two Days After Election Defeat... Adding Fuel to Concerns Over Runaway Policies?

U.S. President Donald Trump stated on the 5th (local time) that if tariffs were eliminated, foreign companies would stop building factories in the United States, warning that tariffs could reach up to 300 percent for those that fail to build plants in the U.S.

During a Q&A session with reporters at the White House, when asked how he plans to utilize executive orders over the next two years, President Trump replied, "We are going to do a lot of things," adding that much is being prepared.

He then claimed that "foreign companies are building some 3,000 factories and production facilities inside the United States," and asserted that if he were to abolish tariffs now, the construction of all these factories would come to a halt.

Emphasizing that "99 percent of the reason [they are building factories] is because otherwise they would have to pay tariffs of 50 percent, 100 percent, 150 percent, and 250 percent," he added, "Once they start construction and begin operations, they don't have to pay tariffs."

President Trump repeatedly mentioned that "if we eliminate tariffs, the construction of factories in the U.S. would stop immediately," adding, "We would have half-built factories all over the country, and products would be brought in from China, Japan, South Korea, and the Philippines."

He explained, "Once companies build factories and start operations, not only will they not need to pay tariffs, but prices will also drop significantly."

He also pointed to those arguing for the abolition of tariffs as foolish people.
※ Please note: This article was translated by AI and may contain errors.