00:00Let's wrap up, guys, so we can get on with this.
00:02China. The 27th Joint Statement has some very strong language on China.
00:06Could you please describe the sentiment of the discussion behind closed door?
00:11And also, do you have anything on a potential meeting between President Trump and CCP Secretary
00:17General Xi Jinping? Will that be in China or in the United States? Thank you.
00:21Well, I have no – I know – I think the President at some point will meet.
00:26They will meet. I don't know when that'll be. I don't know if they're – I don't believe
00:29there are any plans currently for that to happen, but I'm sure it will happen at some point.
00:33The President engaged with him in his first term, and I expect he will do so again,
00:37and he should. These are the leaders of two big, important, powerful countries,
00:41and the leaders of powerful countries, whether they agree on things or not, should
00:44communicate for the safety and well-being of the world.
00:47As far as the statement is concerned, I think it reflects a growing acknowledgement that the
00:54Chinese Communist Party has pursued both economic and foreign policies that allow them to benefit
01:00from all the good things about the global order but ignore all of its responsibilities
01:04in ways that leave us in danger of being – not just us, but the broader world – of being overly
01:10dependent on China for critical supply chains, for rare earth minerals, for key technologies.
01:17In the case of Europe, you'll continue to hear a lot of frustration on their part that
01:22Chinese overproduction, for example, of electric vehicles are dumped into their
01:26economies, and so guess what they have done? They have imposed tariffs.
01:30You know what Canada did? They've imposed tariffs on China as well,
01:34because that's what countries do when they feel like they're being treated unfairly in trade,
01:37in commerce. And we support them in doing that. We think that was the right choice in their regard,
01:42and we've imposed tariffs on China as well. All right.
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