CHUCK TODD: You bring that up, I want to get into the meat of the speech. And I was going to do this later, but you just brought up the plants. You said there would be consequences for any company that tried to move a factory out. What--
DONALD TRUMP: Absolutely, those--
CHUCK TODD: --what is the consequence? Let's start with, you bring up Carrier a lot.
DONALD TRUMP: It's so simple--
(OVERTALK)
CHUCK TODD: Right, I understand that. But explain the consequences--
DONALD TRUMP: Okay, here's the consequence--
CHUCK TODD: What would it be?
DONALD TRUMP: So Carrier comes in, they announce they're moving to Mexico, they fire all their people in Indiana, and they say, "Hi, well, here we are in Mexico, you know, enjoy your plant, enjoy the rest of your life," and you hire people from Mexico, okay? Now they make their product and they put it into the United States.
Well, we will have a very strong border, by the way, but they put it into the United States and we don't charge them tax. There will be a tax to be paid. If they're going to fire all their people, move their plant to Mexico, build air conditioners, and think they're going to sell those air conditioners to the United States, there's going to be a tax.
CHUCK TODD: What kind of tax are you thinking?
DONALD TRUMP: It could be 25%. It could be 35%. It could be 15%. I haven't determined. And it could be different for different companies. We have been working on trying to stop this government, because we don't know what we're doing. And not only Obama, they've been trying to stop this from before Obama. But they don't know. You know, they've done, they've tried lower interest loans, they've tried zero interest loans, these guys--
CHUCK TODD: Well, some of these things aren't going to get through the World Trade Organization. There's--
DONALD TRUMP: Even better. Then we're going to renegotiate or we're going to pull out. These trade deals are a disaster, Chuck. You know, the World Trade Organization is a disaster.
CHUCK TODD: You know the concern--
DONALD TRUMP: NAFTA is a disaster--
CHUCK TODD: --(UNINTEL) is that it would rattle the world economy. Look what Brexit did to the world economy. (UNINTEL PHRASE)
DONALD TRUMP: We're going to do it. We're going to do it.
CHUCK TODD: Now you--
DONALD TRUMP: The stock market's higher now than it was when it happened. And by the way, I'm the only one of all of these people at the higher level of the wonderful world of politics, I'm the only one that said, "Brexit's going to happen." Remember, I was asked the question. I said, "Yeah, I think they're going to approve it. I think they want independence. I don't think they want people pouring into their country." And I was--
CHUCK TODD: You're not worried about, you think a fractured Europe is good for America?
DONALD TRUMP: No, no. But we're spending a lot of money in Europe. Don't forget, Europe got together, why, primarily did they get together? So that they could beat the United States when it comes to making money, in other words, foreign trade--
CHUCK TODD: Economic--
DONALD TRUMP: Okay? And now we talk about Europe like it's so wonderful. Hey, I love Europe, I have property in Europe. I'm just saying, the reason that it got together was like a consortium so that it could compete with the United States--
CHUCK TODD: So what you're saying is all this stuff is good for America, even though it's not good for Europe?
DONALD TRUMP: Look, you take a look at Airbus. They make more planes now than Boeing, okay? They got together, all of these countries got together so that they could beat the United States. Okay, so we're in competition. So you know, we're in competition in one way, we're helping them in another way. It is so messed up. I'm only saying this: If a company moves and leaves Indiana or leaves Michigan, let's say Ford leaves Michigan and builds a massive plant, like my friend, he's going to build it--
CHUCK TODD: Any car that comes from that plant, you're going to tax it--
DONALD TRUMP: If they want to fire all their people in Michigan and they don't want to build in Michigan, what I'm going to do is I'm going to say, "Welcome to Mexico, enjoy your plant. But when you make a car and it comes back into the United States, we're going to charge you a tax." And you know what that's going to do? They're not going to leave Michigan.
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