Trump Claims President Xi 'Would Like Me To Come To China'

Forbes Breaking News

During a press briefing on Monday, President Trump was asked about a meeting with Chinese President Xi Jinping.

Transcript

00:00Is it possible you meet him this year or maybe next year?

00:03Well, I'm meeting a lot of people.

00:05I mean, it's hard to say that, but I'd like to meet him this year.

00:09President Xi would like me to come to China.

00:12It's a very important relationship.

00:15As you know, we're taking a lot of money in from China

00:18because of the tariffs and different things.

00:21It's a very important relationship.

00:23We're going to get along good with China.

00:25I hear so many stories about we're not going to allow their students.

00:28We're going to allow their students to come in.

00:30We're going to allow it.

00:31It's very important.

00:31600,000 students.

00:33It's very important.

00:34But we're going to get along with China.

00:36But it's a different relationship that we have now with China.

00:39It's a much better relationship economically than it was before.

00:43With Biden, boy, what he allowed that, I mean, they just took him to the cleaners.

00:47You know the expression?

00:48They took him to the cleaners.

00:50I'm sure they have an equal expression in South Korea,

00:52but they took that guy out for a ride like nobody's ever been ridden before.

00:57Terrible.

00:58But we have a very strong relationship, Howard, I would say, economically with China now,

01:04getting much better.

01:06They have to give us magnets.

01:07If they don't give us magnets, then we have to charge them 200 percent tariff or something.

01:12You know, but we're not going to have a problem, I don't think, with that.

01:16We've, I think that's perhaps behind us.

01:19You know, China intelligently went and they sort of took a monopoly of the world's magnets.

01:23And nobody needed magnets until they convinced everybody 20 years ago, let's all do magnets.

01:29There were many other ways that the world could have gone.

01:31But so far, it'll take us probably a year to have them.

01:34And we're heavy into the world of magnets now, only from a national security standpoint.

01:39But we have a powerful thing.

01:43It's airplane parts.

01:44They have many Boeing jets.

01:45You know, they had 200 jets that didn't fly.

01:48And I've sent them all, based on his word, I sent them all of the parts so their planes

01:55can fly.

01:56I could have held them back.

01:57I didn't do that because of the relationship I have.

02:00And their planes are now flying.

02:02You know, we had, 200 of their planes were unable to fly because we were not giving them

02:08Boeing parts, purposely, because they weren't giving us magnets.

02:12Therefore, we weren't giving them.

02:13But we have a much more powerful thing that's tariffs.

02:16If we wanted to put 100 percent, 200 percent tariffs on, we wouldn't do any business with

02:21China.

02:22And, you know, it would be okay, too, if we had to.

02:24But the magnet situation, we have tremendous power over them and they have some power over

02:30us with magnets.

02:30We're going to have a lot of magnets in a pretty short period of time.

02:35In fact, we have so many, we won't know what to do with them.

02:37But you know the story.

02:39It's a very interesting history with magnets.

02:41And it really is because presidents, not being business people, they allowed that to happen.

02:47And they shouldn't have.

02:49But we have much more.

02:51I mean, look, in terms of playing the cards, we have much bigger and better cards than they

02:55do.

02:56But with that being said, I think we have a great relationship.

02:59I spoke to President Xi fairly recently.

03:02And at some point, probably during this year or shortly thereafter, we'll go to China.

03:06And I think we're going to see a magnificent sight.

03:09It's a great country.

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