with a t! trillian! i have wealthy friends like harold hamm that don t even know what i you trillion represents. and i say harold, how many billion are in a trillion? and i m not sure if harold could answer that. but i ll tell you what. we gained tremendous worth, economic worth, and other worth. more important worth, we are respected again, we are putting america first. we are making great trade deals. $7 trillion, incorporated of what that is. people don t realize this. we will get along with china, and we will get along with european union which has barriers from our farmers and our people selling product into the european union. last year with the european union and we love the european union.
you treat us that way and you don t take down your barriers, you know they call them nonmonetary barriers. they are barriers, just like charging a big tariff. they charge us many times tariff if we sent them a car, which they don t want and they practically don t take. on the assumption that it got through, they charge us many, many times what we charge them. and i said look, if you are not going to treat us fairly, our workers or farmers fairly, if you are not taking our farm products like we take your farm product, then we are going to tax all of those beautiful mercedes-benzs that are coming in and we will tax the bmws that our coming in. [cheers and applause] and we are already taxing through tariffs they are steel
to be with you. the gloves are off. that appears to be the best way to describe the move just hours ahead of the official beginning of the g7 summit, about 90 minutes from where quebec city is. i would say this because the president on twitter espousing charging that he has been unfair to longtime allies by looking for more tariffs, in his effort to rebalance u.s. trade with our global trading partners. let me take you to twitter, he is not mincing words. let me just put it that way. the president saying the following: prime minister trudeau is being so indignant bringing up the relationship of the u.s. and canada have had over the many years, and all sorts of other things, but he doesn t bring up the fact that they charge us up to 300% on dairy, hurting our farmers, killing our agriculture. please tell prime engines are and president macron that they are charging the u.s. massive tariffs to create nonmonetary barriers. the e.u. trade surplus and the
tariffs to create nonmonetary barriers, trade surplus with the us, $151 billion and canada keeps farmers and others outcome look forward to seeing them tomorrow. you will find this instructive. there are some massive tariffs on american goods, and there goes tariffs the president is mentioning, 270%, almost 70%. all kinds of things you use to create other foods. and the biggest critic is justin trudeau who promised to hit the us with $15 billion in tariffs, the us is imposing fees on steel and aluminum. national economic council director larry kudlow, will dissipate.
distraction from his weekend trip to the g7 summit in canada as well as the mission to singapore for the north korea summit. the president seems to relish the idea that he will be sparring at the g7 with traditional allies like the canadian prime minister and the french president, tweeting quote please tell them that they are charging the u.s. mass tariffs and creating nonmonetary barriers. the u.s. trade and canada keeps our farmers and others out. look forward to seeing them tomorrow. now interestingly, we have learned in the last couple moments that the president will be leaving canada earlier than expected to get to singapore sooner to get ready for north korea summit. meeting with the japanese prime ministers today, who praise the president for bringing a fresh approach. in contrast, media has given the president very little credit for bringing this peace process further than many of his predecessors. the president again lowered expectations today and reminded the media that one m