An old interview of US President Donald Trump is making rounds on the internet after his latest decision to impose "reciprocal tariffs" on trade partners. Back in 1988, during a conversation with Oprah Winfrey, Trump insisted that American allies should "pay their fair share."
The Legendary interview of Trump at Oprah Winfrey's Show in 1988.
— SMX 🇺🇸 (@iam_smx) June 2, 2024
"If I decide to run for Presidency, I would win, I would never go in to lose in my life, People are tired of seeing the United States ripped off
-Donald Trump pic.twitter.com/MdF5p1tG32
Trump Criticizes Unfair Trade Practices
In the interview, Trump accused foreign countries of exploiting the US economy. He specifically mentioned Japan and Kuwait, arguing that they benefited from America while blocking American businesses.
“They knock the hell out of our companies,” he stated.
Japan Limits US Trade Opportunities
Furthermore, Trump claimed that Japan made it nearly impossible for US manufacturers to sell their products. Although Japan freely sold its goods in America, it, in turn, restricted US exports.
“If you ever go to Japan right now and try to sell something, forget about it. It’s almost impossible,” he emphasized.
Kuwait Should Contribute More
Similarly, Trump criticized Kuwait for enjoying wealth while not contributing to the US economy. He argued that since America helped secure Kuwait’s oil trade, the country should give the US 25% of its profits.
“The poorest person in Kuwait, they live like kings, and yet they’re not paying,” he pointed out.
Trump’s New Tariff Policy
As a result, on Wednesday (Thursday IST), Trump announced new tariffs on US trade partners. He imposed a 10% tax on most imports and a 27% tariff on India. Additionally, he accused Indian Prime Minister Narendra Modi of "not treating us right."