President Donald Trump said the U.S. will be "flooded with jobs" as foreign trading partners move industries to American soil to avoid tariffs.
"They can build a factory here, a plant or whatever it may be, here," Trump said Thursday afternoon from the Oval Office. "And that includes the medical, that includes cars, that includes chips and semiconductors. That includes everything. If you build here, you have no tariffs whatsoever. And I think that's what's going to happen. I think our country is going to be flooded with jobs."
Trump said U.S. consumers could see prices rise in the "short term" due to the tariffs, but that prices will lower and that industries across the board would benefit.
"And I think the farmers are going to be helped by this very much because product is being dumped into our country and our farmers are getting hurt very badly by the last administration," Trump said.
"The last administration hated our farmers, like, at a level that I've never seen before. I think our farmers are going to be helped. Jobs are going to be helped. But our farmers are going to be helped, our manufacturers are going to be helped."
