Second, I want to remind all of us that these deals all force Americans and American businesses to pay a tax rate that is far higher than what we saw before the President engaged in this trade war. I talked earlier about how For both Europe and Japan, Americans will face a tax that's 10 times higher than we paid last year. That same trend holds across every deal he's announced. With Indonesia, he agreed to a 19% tax, four times what we paid last year. With the Philippines, a 20% tax, up from 1.3%. (14:58–15:07)
CLAIM
Asserts that tariffs on trade with Europe and Japan are 10 times higher than the previous year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
