China Paying ‘Tremendous Money to US’: Trump

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00:00I think China's been very respectful of us. They're paying tremendous amounts of money to us

00:05in the form of tariffs. As you know, they're paying 55%. That's a lot of money. They never

00:11were paying anything over years and years and years. But they were like anybody else. A lot of

00:18countries took advantage of the U.S. They're not taking advantage anymore. China's paying

00:2355% and a potential 155% come November 1st, unless we make a deal. And I'm meeting with

00:31President Xi. We have a very good relationship. We're going to be meeting in South Korea in a

00:35couple of weeks. And we'll see what we can do. We have a very good relationship with China. But,

00:42you know, it's been it's been probably a little bit like your relationship with China.

00:48They try and take advantage, but most countries do. I mean, I can say the European Union took

00:53advantage and but not anymore. We've worked out a very fair trade deal. Japan, we worked out a very

00:58fair deal. South Korea, where I'll be meeting President Xi, we worked out a very fair deal. And

01:04I expect we'll probably work out a very fair deal with President Xi of China. So most of you will be

01:12with us. It's going to be very exciting. And I think we're going to work out something that's

01:15good for both countries.