When you think about the tariffs we're putting in place, 25% because they cheat us on trade. 25% because of the Russian oil. I ask you this, what is the net impact on the Americans because of … India has higher tariffs and non-tariff barriers, and the U.S. runs a massive trade deficit with them. … Then they use the money that they get from us when they sell us stuff to buy Russian oil, which then is processed by refiners and they make a bunch of money there. (21:37–21:44)
CLAIM
Asserts that India imposes higher tariffs and non-tariff barriers, contributing to a U.S. trade deficit.
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.
