Washington: US President Donald Trump on Tuesday once again defended his tariff strategy, calling it the “most beautiful word.” He said other countries had been taking “advantage” of the US for “years and years,” but now “we’re treating them fairly.”
“I love tariffs. Most beautiful word… Tariff is my favourite word… We’re becoming rich as hell…,” said US President Donald Trump.
He said, “One of the first executive orders I signed upon taking office was to restore the principle of merit. That’s the most important word, other than the word tariff. I love tariffs. Most beautiful word, but I’m not allowed to say that anymore. Tariff is my favourite word. I love the word tariff. We’re becoming rich as hell. We have a big case in front of the Supreme Court, but I can’t imagine because this is what other nations have done to us…”
He noted that the US is becoming “rich” again after taking in “trillions of dollars.”
“We’ve taken in trillions of dollars. We’re rich again. When we finish this out, there’ll never be any wealth like what we have. Other countries were taking advantage of us for years and years… Now we’re treating them fairly. But the money coming in is something we’ve never seen. The other day, they had $31 billion that they found… $31 billion. That’s enough to buy a lot of battleships…”
Earlier on September 29, Trump announced a 100% tariff on all foreign-made movies, saying that America’s film industry had been “stolen” by companies abroad.
In a post on Truth Social, Trump wrote, “Our movie-making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby.’ California, with its weak and incompetent Governor, has been particularly hard hit!”
“Therefore, in order to solve this long-time, never-ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! President DJT,” he added.
This comes after Trump’s earlier announcement on September 26 that, starting October 1, 2025, his administration will impose a 100% tariff on branded and patented pharmaceutical products unless the companies set up production facilities in the US.
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