President Trump Participates in a Signing Ceremony
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President Trump Participates in a Signing Ceremony

President Trump:
Thank you very much. Please. We greatly appreciate your
joining us at this White House event. This is a very important
and remarkable occasion. Today, we take a momentous
step — one that has never been taken before with
China — toward a future of fair and reciprocal
trade, as we sign phase one of the historic trade
deal between the United States and China. Together, we are righting
the wrongs of the past and delivering a future of
economic justice and security for American
workers, farmers, and families. I want to thank President
Xi, who is watching as we speak — and I’ll be going
over to China in the not-too-distant future to
reciprocate — but I want to thank President Xi, a
very, very good friend of mine. We’ve — we’re representing different countries. He’s representing China. I’m representing the U.S. But we’ve developed an
incredible relationship. But I want to thank him
for his cooperation and partnership throughout
this very complex process. Our negotiations were
tough, honest, open, and respectful — leading us
to this really incredible breakthrough. Most people thought this
could never happen. It should have happened
25 years ago, by the way. But that’s okay. A man who also has become
a good friend of mine and somebody who’s very, very
talented and very capable, we’re delighted to be
joined by Vice Premier Liu He, Ambassador Cui, and
many other representatives from the People’s
Republic of China. We are especially proud
of the efforts of Vice President Mike Pence,
who is with us. And, Mike, I’d like to have
you say a few words, please. Vice President Pence:
Thank you, Mr. President. It’s an honor to be here
with you, with Vice Premier Liu He, with our
Treasury Secretary, with Ambassador Lighthizer, and
with so many distinguished guests, members of
Congress, and governors from around the country. This is a good day for
America, China, and the world. And it’s an honor
to be with you. Mr. President, we gather
here today, thanks to your leadership, at a time that
the American economy is booming. With the strong support of
members of Congress who are gathered here, we
are now experiencing an economy that’s created
more than 7 million jobs. The unemployment rate
is at a 50-year low. The average American’s
household income has risen by more than $5,000. That’s all a result of
your commitment to cut taxes, roll back
regulation, unleash American energy. But it also reflects your
commitment to free, fair, and reciprocal trade. Early in this
administration, you made it clear that the era of
economic surrender was over. And you took a strong
stand for American jobs and American workers. You said to our friends in
China that things had to change. And thanks to your
leadership, today the change begins. (applause) Thanks to your
efforts, Mr. President, we announced today great
progress on protecting intellectual property,
on preventing forced technology transfer and
currency manipulation. And I know it means
so much to you — the greatest impact may
well be on American agriculture. Some $40- to $50 billion
in purchases secured in this deal that will result
in greater prosperity for farmers all
across the land. And, Mr. President, your
commitment to a growing and prosperous America has
been the centerpiece of your leadership. And today, with the
signing of phase one, it’s one more example of your
commitment to put American jobs and American
workers first. And we recognize, as you
do, Mr. President, that differences will remain
between our two nations. But today is the start of
a new chapter in trade relation between the two
largest economies in the world. But I can assure the
American people that this President will continue to
stand firm and put America first, even as we
forge a more productive relationship with China
and with the world. Mr. President, you know
there’s an ancient Chinese proverb that says, “Men
see only the present, but Heaven sees the future.”
So let today be the beginning of a brighter
future, more prosperous for the American people,
the Chinese people, and the world. Thank you, Mr. President. (applause) President
Trump: Thank you, Mike. An incredible job. Incredible guy. I also want to give
special thanks to our U.S. Trade Representative,
who’s been kept very busy. (laughter) He’s
doing a lot of deals. We’ll have another
big one next week. It should get approved
very shortly, and that’ll be tremendous, with
Canada and Mexico. But we’ll talk about
that next week. But Robert Lighthizer —
are we keeping you busy enough? Huh? Poor guy can’t sleep. He tosses and turns. What happened to him? Ambassador Lighthizer: Here. I’m sorry. That was dropped. And — President
Trump: Oh, okay. Thanks. Ambassador Lighthizer:
I’m all purpose. (laughter) President
Trump: Mike. Mike. Mike said — that’s right,
you are all-purpose, come to think. (laughter) But Bob
Lighthizer is really an outstanding guy. He gets along with people. He’s smart, he’s sharp. And he understands trade
better than anybody. When I first took this, I
said, “I got to get the best guy.” And all signs pointed to Robert Lighthizer. So thank you
very much, Bob. Thank you very much. (applause) I have one
question: Was this an easier job or a tougher
job than you thought? Ambassador Lighthizer:
It was tougher than I thought. (laughter) President
Trump: I had a feeling you might say that. Also, our great Treasury
Secretary, Steven Mnuchin, has worked with
Bob hand in hand. And thank you
very much, Steve. Great job. (applause) So this really
is a landmark agreement. But along with them,
we had the exceptional efforts of Jared Kushner. Where is Jared? Where is Jared? (applause) Our
brilliant Jared. Great job, Jared. He worked hard. He left a beautiful, nice,
very prosperous real estate business,
and came here. And, I can tell you,
that was harder. This is harder than real
estate in New York, isn’t it, Jared? Right? MR. KUSHNER: A lot harder. President Trump: But
you’ve done a fantastic job. You don’t get
people like that. So thank you very much. And, Ivanka, nice
to have you here. Thank you, honey. Also somebody that I’ve
heard for 35 years. His voice is just — a
great gentleman, a friend of mine, but a
great gentleman. We brought him in and he
has been outstanding. The only problem is he
doesn’t like going on television very much. He’s a little bit
shy about that. Larry Kudlow. Where’s Larry? (applause) Where is Larry? We had a day where the
market went down $1 trillion. Think of that. In other words, it was one
of those few days, because we’ve had 141 days where
we hit all-time highs. And we just broke — as
you know, we just broke the 29,000 mark on the
Dow, just now, as we were walking in. The market is up
substantially today. (applause) We have all
these business leaders. I’m sure they don’t care. But Larry Kudlow went out
into the beautiful lawns of the White House. Actually, he was standing in
the middle of the Rose Garden. He had a beautiful scarf
waving in the wind. He was everything perfect, right out of Greenwich,
Connecticut. (laughter) And he
started talking. And by the time he
finished, I said, “You just made a
trillion dollars. A trillion.” (laughter)
Because the market went up like 250 points. I said, “Larry, what
the hell did you say?” (laughter) And
it didn’t matter. But we were even. We went from being a
trillion down to even, and that was pretty good. Larry, you’ve
been fantastic. Thank you very much. Appreciate it. (applause) And, by the
way, I just see in the audience our great
Ambassador to China, right? Governor. So we had the governor of
Iowa, and he loves China. And he’s the long- —
you’re the longest-serving governor in the
history of our country. Like 24 years. And I called him. I said, “Governor, you
have to do me a favor.” Because I remember one
conversation I had with him. I was going in to make
a speech, before the election, and he said,
“Sir, please don’t say anything bad about China.”
It’s the first time anyone ever said that to me. (laughter) And I said,
“Who is this guy?” He’s the governor of Iowa. He just said, “Don’t say
bad about China.” So I had to rip up about half
of my speech, right? (laughter) And
I said, “Why?” And he said, “Well, we
do a lot of business. I’ve been dealing with
China for 35 years, with corn and all of the
different things.” And he told me a story
that was amazing. He said, “You know, 35
years ago, when I started, I met a man named Xi. He wasn’t President then;
he was a young man.” And the governor came back. He told his wife, he said
— this is 35 years ago. And it’s documented. He said, “I just met
the future President of China.” And nobody
thought much about it. And you know what? Twenty-eight years later,
you turned out to be right. And you have been an
incredible ambassador. And they like each
other so much. So when it came time to
picking the important position of ambassador,
I said, “Haven’t you had enough after 24 years
being governor of Iowa?” He said, “If you want me
to do that.” And it’s been a great — you’ve
been a great help. Thank you very
much, Ambassador. (applause) I
appreciate it. Done a great job. Nobody could have
done that job better. A man — I think I can go
on the opposite side of the spectrum, perhaps,
from the governor. His attitude is a
little different. Our trade advisor,
Peter Navarro. (laughter) Right, Peter? He’s a little different. We have all types. We have all types. A Deputy Chief of Staff,
Chris Liddell, who’s been with us for a long time,
and he’s done a fantastic job and had a great
business career. Commerce Secretary — a
legend on Wall Street — Wilbur Ross. (applause) Where’s Wilbur? Thank you. Wilbur, thank you. A man who knows
agriculture as well as anybody in the world. We were looking for an
agricultural person, and we wanted to go political,
and we were looking for somebody that would
fit perfectly. And Sonny came in,
and it was over. I learned more in
that half hour about agriculture than
I — Joni, right? — than I could ever
have learned, possibly. Sonny Perdue has
been incredible. And we’re taking care of
our farmers — that, I can tell you. (applause) So, Sonny,
thank you very much. Great job. Thank you. Thank you, Sonny. And a woman —
transportation is going very well. She’s done an
incredible job. We’re getting approvals
down now from 20 years — 21 years to 2 years. And it may get rejected for environmental or other reasons. But we have it, Lindsey,
down to about two years. A highway which would have
taken 19 to 20 years to get approval, we
have it down to 2. And we want to get
it down to one. And if it doesn’t work,
we’re going to say, “You don’t build it.” But
you’re not going to wait 22 years to find out you
can’t build the highway. And she has been
fantastic: Secretary of Transportation
Elaine Chao. (applause) Thank
you, Elaine. Thank you, Elaine. So we have tremendous
numbers of people here, and I’m saying, “Do
I introduce them?” But I think I sort of
should because what the hell. This is a big celebration. And, by the way, some of
the congressmen may have a vote, and I don’t — it’s
on the impeachment hoax. So, if you want,
you go out and vote. (laughter) I’d rather have
(inaudible) — it’s not going to matter, because
it’s gone very well. (laughter) But I’d rather
have you voting than sitting here, listening to
me introduce you, okay? (laughter) They have a
hoax going on over there. Let’s take care of it. So, if any of you guys
want to leave, we will not be — where is
Kevin McCarthy? The great Kevin McCarthy. Audience Member:
(Inaudible.) President Trump: Okay, good. I’m glad. (laughter) Can
I be honest? (laughter) I’m glad. I like it much
better that way. And, by — the House
folks, 195 to nothing. And we got three
Democrats, and one of them actually left the
Democratic Party, came over Republican. And what a job
you’ve done. So I just want
to thank you all. Really tough. I love that. So we have some incredible
people in the audience, and I’d just like to
introduce a few — a very good friend of mine — two
very good friends of mine: Sheldon Adelson,
Miriam Adelson. Thank you very much,
both, for coming. They’ve been tremendous
supporters of us — (applause) — and the
Republican Party. And they’re great people. A man who always liked me
— because he’s smart, so smart — (laughter) —
the great Lou Dobbs. You know, at first, he
said, “He’s the best since Reagan.” Then, he got to
know me more and more, and he said, “He’s even better
than Reagan.” (laughter) Then, a few weeks ago,
somebody told me — and I watch all the time, but
somebody has got a very important show, actually. Tremendous audience and
very — everybody in this room watches. But Lou Dobbs, he said,
“He’s the greatest of them all.” I said, “Does that
include Washington and Lincoln?” (laughter) And
he said yes. Now, I don’t know if he
was for real, but that’s okay. But the great — he is
— the great Lou Dobbs. Thank you very much, Lou. (applause) Thank you. Great show, Lou. And a man who everybody
knows — he knows more than probably everybody in
this room put together. He’s seen it all. And he made a
statement to Jared. Jared came in and said,
“You know, Henry Kissinger told me, ‘How did the
President ever pull this off?’ ” I said, “Can I
quote Henry on that?” Because Henry
is outstanding. And when Henry is
impressed with something, then I’m impressed. And, Henry, we’re
impressed with you. Thank you very much
for being here. (applause) Thank
you, Henry. Thank you. And, Michael Pillsbury,
thank you very much. And, Susan Pillsbury,
thank you very much. And you’ve been saying
some fantastic things about China and about us. And we have a
good partnership. This is going to be
something that’s going to be very special. We’re going to talk
about it in a second. A friend of mine, Steve
Schwarzman, is here. Steve, I know you have no
interest in this deal at all. (applause) I’m surprised
you’re not actually sitting over here on the
ledge of the stage as opposed to — but Steve
has done a great job and very good relationship
with China and very good relationship with us. Nelson Peltz is here,
a friend of mine. Where’s Nelson? Nelson is around
here someplace. Hi, Nelson. What are you doing sitting
all the way back there, Nelson? Mr. Peltz: (Inaudible.)
(laughter) President Trump: How’s General
Electric doing, Nels? He’ll straighten it out. You’ll straighten it out. He came in nice and late. (Laughs.) He didn’t get
in too early, that’s for sure. Hank Greenberg is here. Hank. If they took care of Hank,
they wouldn’t have had the problems that they had. Where’s Hank? Hank Greenberg. (applause) Oh, Hank. If Hank stayed there
like he should have, you wouldn’t have had the
problem that you ended up having with our economy. But it’s great to
have you, Hank. Thank you very much. We have some tremendous
senators here and some really incredible people. And I want to just say,
the ones that are here, if I miss your name, stand up
and I will promise to say it, because a lot of
people wanted to be here. A senator who has been new
to the game, and he took it up so quickly and so
easily, and he ran a race that was undoable. The person he ran
against was unbeatable. Nice woman, Heidi,
but unbeatable. And then Kevin Cramer
said, “I can beat her.” And I think he only won by
about 12 points, right? And they say he’s the only
man in North Dakota that can win. And I said, “We’ll do it.”
And I had him in my office three times and I said,
“Kevin, you got to do it.” And I said, “He’s doing
it.” And he turned me down. (laughter) Then he came
back again — well, this time, I know
he’s doing it. He calls me back and he
said, “Sir, I’m not going to do it.” He said, “You
know, in all fairness, I’ll call you back.” But
I never give up, do I? So now, instead of being
a congressman, he’s a senator. And you’ve been great. And thank you very much. Kevin Cramer. (applause) Mike Crapo,
a friend of mine. These are all warriors. These are — incredible. Mike — thank you
very much, Mike. What a job you do. Mike is one of those guys
— goes unsung, but behind the scenes, there’s nobody
sharper, smarter, and we all respect you
and love you. Every one of these people. Thank you very much, Mike. Appreciate it. Steve Daines. Same thing I can
say for my Steve. And he’s got a hell
of a football team. How did they do this year? All right? They going to be back? They won it again? They have a good team. They have a good team. Joni Ernst. You got ethanol, so you
can’t be complaining, right? (laughter) Steve —
(laughs) — Steve, that’s good for you too. You know, Joni would call
me, along with Chuck Grassley; they’d
call as a tandem. You can’t beat
the two of them. All they want to know
about is ethanol. Ethanol. But we got it done. Deb Fischer — same
boat, right, Deb? You want that
ethanol for Nebraska. And a friend of mine,
Lindsey Graham. He’s become a great friend
of mine and he’s an outstanding man. He loves our country. He really does
love our country. He works like hell. Do you do anything
other than politics? Senator Graham: Golf. President Trump: He’s
likes golf, too. He likes golf too. Much better golfer than
people would understand. He likes golf. But he’s a great guy. You get it done. He brings people together. Chuck Grassley. Where’s Chuck? Where’s Chuck? Chuck. Will you stand
up for a second? This guy is the
toughest guy. He can say something in a
nice manner and everybody is afraid. Right? (laughter) He made Comey
choke during the hearing. He said, “Did you leak
anything to the press?” “What? What? What? What?” Comey choked like a dog,
and he was being nice when he said it. Chuck is outstanding. Unbeatable — between you
and the governor, those are two pretty
good ones, right? Unbeatable under
any circumstance. He makes the rounds like
virtually every night. I think you still have
never missed a vote. Have you ever
missed a vote? He was — Chuck
was — huh? Senator Grassley:
Since 1993. President Trump:
Ninety-three. He was in my office a
month ago, and I thought it was very rude. He said, “Sir, I’m sorry,
I have to leave.” “Why?” That was right in the
middle of a meeting. I said, “Why?” He said, “Because I have
to vote and I’ve never missed a vote” or some- —
I said, “How many years?” He said, “1993.”
That’s a long time. I said, “You know what? Go leave. That’s a good record to
keep.” Because he’s a solid, reliable,
unbelievable person, and he’s a friend of mine. So thank you
very much, Chuck. (applause) And let them
know also about that ethanol, Chuck. We brought home
the ethanol. Man, when you have those
two calling — they were not nice about
it, Jerry Moran. I want to tell you
— where’s Jerry? Jerry, they were not
nice about the ethanol. I want to say that. And Jerry, with what he
did with — we’re working together — very closely
together with the vets. And it’s incredible what’s
happened with what we approved on Choice. It’s made a whole
big difference. You don’t hear complaints
about the VA anymore. Do you notice? They go out, see a doctor. If they have to wait two
months, or if they have to wait two days, they go
out and see a doctor. Jerry Moran, folks. He did a fantastic job. (applause) Rob Portman,
great friend of ours from Ohio. Rob, fantastic job. I just left Ohio. They love you. They love you there, and
you’ve done a fantastic job. And you are my friend. Rob Portman. (applause) Thanks, Rob. Pat Roberts. A man from Kansas, who is
going to be leaving us. I cannot believe that
you’re not running again. You have at least — at
least another 12 good, solid years in the Senate
if you wanted them. You have to do it. You’re sure, right? Okay. He’s made that decision. But, Pat, thank
you very much. And this is very important
to Pat and to Mike Rounds, because what’s happened
here, if you look, it’s so much about everything you
stand for, especially the farmers. And the farmers are
going to be so happy. Where is Mike Rounds? Mike? Mike? Stand up, Mike. He’s another one. He was brutal to me. He would call: “I
got to get this done. You got to get
it done.” Right? Thank you very much, Mike. Fantastic job. And Dan Sullivan, from the
great state of Alaska. And I stop there every
time I can, right? And I won by a lot. They like me in
Alaska, right? But they like
you too, Dan. And thank you very much. Kevin McCarthy, as you
know, left for the hoax. (laughter) Well, we have
to do that, otherwise it becomes a more
serious hoax. And Mark Meadows is a
friend of mine, right from the beginning. Thank you,
Mark, very much. Special guy. Special friend. Great wife, too. His wife actually
supported me long before him, but he thinks
I don’t know that. (laughter) She went on
“Women for Trump,” when it wasn’t so fashionable. Like, on the worst day of
my life, she was doing “Women for Trump” tours
with 50 women on buses all over the great state
of North Carolina. She’s fantastic. Vern Buchanan. Thank you very much. Thank you, Vern. Great job you’ve done. Mike Conaway. Thanks, Mike. Thank you, Mike. By the way, Kristi, thank
you for being here. I didn’t know you were
going to be here. Thank you. Stand up. We’re going to do a big
fireworks display, right? Mount Rushmore. We’re going over — I
think I’m going to try and be there on July 4th. So, the governor called. She ran a great
race, a tough race. That was a tough
competitor you had, right? A big star. And — but she was a
bigger star, it turned out, Lindsey. But she said, “Do you
think we can get fireworks back at Mount Rushmore?” I said, “Why?” They haven’t been there
for — like for 20 years. I said, “Why?” “Environmental reasons.” I
said, “You mean you can’t have fireworks because
of the environment?” “Yeah, environmental
reasons.” I said, “What can burn? It’s stone.” You
know, it’s stone. It’s granite. (laughter) So nobody knew
why; they just said, “Environmental reasons.”
So I called up our people. And within about 15
minutes, we got it approved, and you’re going
to have your first big fireworks display at Mount
Rushmore, and I’ll try and get out there if I can. (applause) Okay? Right? That’ll be great. Thank you very much
for being here. Thanks, Kristi. Mike Kelly. Where’s Mike? Mike, thank you
very much, Mike. What a friend. Drew Ferguson. What a friend. These are great people,
I’m telling you. Darin LaHood. Darin. Thank you very
much, Darin. Great job. Michael McCaul. You did a phenomenal job
three, four days ago, Mike, with your
speech on the floor. That was incredible. Very inspiring. Patrick McHenry. He’s a — number one,
he’s a great guy. And number two, he’s got
the best name in politics. If I had that name, I
would have won 20 years ago. (laughter)
Patrick McHenry. A man who’s got such
courage — honestly, he deserves a medal. He’ll probably get one. We still have to win to
get medals though, right? We can’t give medals
if we don’t win. But this guy has never
lost in his life. He is so tough
and so smart. Devin Nunes. Thank you. Stand up, Devin. Everybody knows him. (applause) What they put
him through — (applause) — what these phony
people, what these dirty cops and all of the others
put you through — and, man, you survived it
better than ever, and everyone respects you. And even Meadows respects
you, and he respects very few people. (laughter) So, thank
you, Devin, very much. Great job. Adrian Smith. Thank you, Adrian. Thank you very much. And don’t feel — again,
you guys are all set. I’ve introduced you — not
much more for you, but you know. But you’re going to hear
some great things about China, and you’re going
to hear some also great things now because we have
a who’s who of the world of business with us today. David Abney, of UPS. David? Where are you, David? You can stand up, if
anybody wants to. If you don’t want it —
you know, if your company is not doing well, you
may not want to stand up. (laughter) But UPS
is doing very well. There will be a couple
that will just sort of slink back into
their chair. They’ll pretend
they’re not here. Thank you, David. Great job you’ve done. Darius Adamczyk,
of Honeywell. A great company. Thank you very much. Great equipment you make. I have a lot of it. I use a lot of it, and the
country uses a lot of it. Ajay Banga, of Mastercard. Thank, Ajay. Fantastic job. Josh Bolten,
Business Roundtable. Thank you, Josh. Great job. David Calhoun. He’s got a very easy
company to run. He just took over Boeing. Where’s David? David. Where’s David? Mr. Calhoun: Right here. President Trump:
Stand up, David. See, he didn’t
want to stand. Let me tell you:
It’s not your fault. You just got there. (laughter) You’ll straighten
it out quickly, please. Mr. Calhoun: We will. President Trump: Okay. I have no doubt. It’s a great company. Les Daniels, USTR, ACTPN. Okay? Dan DiMicco. We’ve been fighting the
steel things for 20 years together, Dan. I’d like to say “30,” but
I don’t want to do that. Right? We’ve been fighting
together for a lot longer than 20 years on the — Mr. Dimicco: We’re winning. President Trump: And
now we’re winning. Finally. It took 25, 30 years. It took a little change
at the top, didn’t it? But you’ve been a warrior
for — for getting really taken advantage
of as a country. And you’ve been a warrior,
and I appreciate it. Right from the beginning,
Dan and I — we — it was a fight of two people
against the world. Tom Donohue, U.S. Chamber of Commerce. And that’s — where’s Tom? Thank you, Tom. Great job. Brian Duperreault, of AIG. Do you know that
company, Hank? AIG. Did you ever hear of
AIG, Hank Greenberg? Thank you very much. I appreciate it, Brian. Mary Erdoes,
JPMorgan Chase. They just announced
earnings, and they were incredible. Where — where are you? They were very
substantial. Will you say, “Thank you,
Mr. President” at least? Huh? (laughter) I made a lot of
bankers look very good. But you’re doing
a great job. Say hello to Jamie. I think we’re
seeing him tomorrow. Nancy Falotico, of Ford. Nancy, where are you? Hi, Nancy. So young. So young. That’s very impressive. Thank you very much. You’re doing a good job. Jim Fitterling,
Dow Chemical. Incredible company. Jim. Thank you, Jim. Jack Fusco, Cheniere. Jack, thank you. Great. Meg Gentle, Tellurian. Where are you? Hi. Congratulations. Ken Griffin, Citadel. What a guy he is. Where are you, Ken? Where the hell is he? He’s trying to hide
some of his money. Look, he doesn’t
want to stand up. Where the hell is Ken? See, Steve, you’ll stand,
and he’s very quiet about it. He’s in here someplace;
he just doesn’t want to stand. Harold Hamm. He puts a straw into the
ground, and oil pours out. (laughter) It’s true. Other guys spend billions
and billions of dollars; they can’t find oil. This guy takes a straw, he
goes like this, and oil pops up. Harold, my friend. He’s been with me
from the beginning. Right, Harold? He was with me from the
day I came down the escalator with
our First Lady. By the way, do I see John
Thune in this audience? John — how the hell do
I not introduce John? They didn’t have
your name down. I can’t believe it. Will you stand up? What a great guy he is. (applause) Vice President
Pence: Kevin Brady and Shelley Moore Capito. President Trump: I
also see Kevin Brady. Thanks, Kevin. Great job on the tax cuts. Al Kelly, Visa. Al Kelly. Al Kelly, thank you. Ryan Lance,
ConocoPhillips. Ryan, great. You’re doing
fantastically well. Most of you, I can say,
you’re doing fantastically well. “Thank you, Mr.
President.” (laughter) Don’t worry about it. Don’t feel guilty. Alan MacDonald, Citibank. Citibank. (applause) Good. Boy, you brought
that back so far. I remember seven,
eight years ago. But Citibank is doing
fantastically well. Raymond McDaniel, Moody’s. Good. Are you giving us good
ratings, Raymond, please? Okay? We’re doing pretty
good, right? Sanjay Mehrotra,
of Micron. Incredible company,
the job you’re doing. Sanjay. Thank you,
Sanjay, very much. Steve Mollenkopf,
Qualcomm. They had a merger going,
and I said they should let that merger go by. I called up President Xi,
and I — they rejected it. Remember? And then they accepted it. By that time, you were
off to another deal. You didn’t even want it. But nobody else could
have done that, right? But you could have had it. Jim Morrison, of Jeep. What a great
brand Jeep is. What a job they’ve done. That is a great brand. And congratulations. Larry Nichols,
Devon Energy. Larry? Larry. Thank you, Larry. Great job. These are great people. Jason Oxman, ITI. Jason, thank you. Great job you’re doing. Scott Schenkel, eBay. I sign things, and the
next night, I see them on eBay. They’re sold. (laughter) They’re sold
for a lot of money. I said, “Sir, could I have
you just — would you sign my sneaker?” “Yes.” Then, two nights
later, I see it on eBay, selling for $5,000. I say, “What kind of
people are these, Lindsey?” Terrible. (laughter) Sometimes it’s
the senators and the congressmen that do it. That’s — (laughter). Gary Shapiro, CTA. Gary. Great job, Gary. Greg Smith, of
Boeing, also. And, Greg, get that going. Work together. Get it going. You know, Boeing makes a
tremendous portion of our GDP. I had no idea it was
such a big company. It was — I mean, I know
it was big, but it could have up to a half
a point of GDP. Some people say even more. So we’ve got to get that
one moving fast, and it’s going to be better
than ever, I think. Mike Sommers, API. Mike? Thank you, Mike. Paul Taylor, of Fitch. That’s another good
ratings group. Are we doing
okay at Fitch? Good. Otherwise, I wouldn’t
have introduced you, if I thought — (laughter). Robert Thornson
[Thomson], News Corp. Where’s Rupert? Is Rupert not here? I can’t believe
Rupert is not here. Is he the greatest
though, or what? He was going to get $40
billion for his thing. He sold all the
stuff he didn’t want. He sold it to some group
that doesn’t like Trump as much; that’s the
only problem. But he was going to get
$40 billion, and he said, “I don’t know, they keep
bidding this thing up.” They end up paying what? Seventy-five billion? And he kept
the best stuff. So Rupert is
doing right, huh? Rupert is fantastic, and
that whole family is just a great family. So say hello, Robert. And John Thornton. Oh, John. Where’s John? Where’s John? John is great. Good job, John. (applause) Thank you
for all the help, too. Great job, John. Jay Timmons, NAM. Jay, thank you very much. Thanks, Jay. Stephen Vaughn,
King and Spalding. Stephen. King and Spalding. I could use some
good legal advice. Do you have some good
lawyers over there? I could use some
good lawyers, right? Ah, to hell with it. I just have to suffer
through it the way I have all my life. (laughter) Somewhere along
the line, they must be pretty good, right? Jonathan Ward,
Atlas Organization. Jonathan, thank you. Great job you’ve done. Kevin Warsh. Kevin. Where’s Kevin? I don’t know, Kevin. I could have used you
a little bit here. Why weren’t you more
forceful when you wanted that job? Why weren’t you more
forceful, Kevin? You’re a forceful person. In fact, I thought you
were too forceful, maybe, for the job. And I would have been
very happy with you. But, Kevin, thank
you for being here. You understand that
very well, right? It bothers me when Germany
and other countries are getting paid to
borrow money. This is one — I don’t
know where that all leads, but we have to pay. We’re the number one in
the world, by far, and we have to pay for our money. Our interest rates are
set high by the Fed. Our dollar is very
high, and — relatively speaking. But when other countries
get — literally, they’re under. They have negative rates
— meaning, they’re under. They get paid. I love this. This concept
is incredible. Again, you don’t know
where the hell it leads. But you borrow money, and
when you have to pay it back, they pay you. This is one that
I like very much. And I’m going to talk to
you about that, Lou Dobbs. So we’re set at two. Tell me, why are we paying
and other countries are getting money when
they get paid back? I really want to know: Who
are the people that buy this stuff? Who puts money into
something when they say, “This is a
guaranteed loss”? But that’s a whole
different group of people than I know. Glenn Youngkin,
of Carlyle. Carlyle Group. Great group. So, for decades, American
workers, farmers, ranchers, manufacturers,
and innovators have been hurt by the unfair
trade with China. Forced technology transfer
and intellectual property theft have been
huge problems. Since China joined the
World Trade Organization two decades ago, we have
racked up nearly $5 trillion — the Vice
Premier, I hope he’s not listening to this —
(laughter) — in trade deficits, lost millions
and millions of manufacturing jobs, and
saw tens of thousands of factories close. And that had to do, also,
with Mexico, and, to an extent, Canada. What they did to this
country with trade and trade deals — NAFTA. We had no deal with China. I mean, we had no deal. And it was like
just easy pickings. For years, politicians
ran for office, promising action to remedy these
practices, only to do nothing but allow
them to continue. And it was pillage. As a candidate for
President, I vowed strong action. It’s probably the biggest
reason why I ran for President, because I saw
it for so many years. And I said, “How come
nobody is doing something about it?” In the meantime,
immigration, and building our military —
also important. But that’s probably
the biggest reason. In June of 2016, in
the great state of Pennsylvania, I promised
that I would use every lawful presidential power
to protect Americans from unfair trade and unfair
trade practices. Unlike those who came
before me, I kept my promise. They didn’t promise too
hard but — (applause) — they didn’t do anything. And I actually think I
more than kept my promise. Now our efforts have
yielded a transformative deal that will bring
tremendous benefits to both countries. We have a great
relationship with China, we have a great
relationship with the leadership of China, and
China fully understands that there has to be a
certain reciprocity. There has to be. It cannot continue
like this. It would be dangerous for
it to continue like it was. The agreement we
signed today includes groundbreaking provisions
in an area of critical importance to the United
States: protecting intellectual property. So the deal you’re seeing
today is a much bigger deal than — we have
it very much guarded. They asked one of our
Democratic — Cryin’ Chuck Schumer — “What do you
think of the deal?” — two weeks ago. He had no idea
what the deal was. Never saw the deal;
it’s totally guarded. “I don’t like it. I don’t like the
deal,” he said. “Well, have you seen it?” “Yeah, I think I know
what…” “Well, why don’t you like it?” “Well, they took the
tariffs off.” Actually, we didn’t. He didn’t know anything
about the deal. He just said exactly what
probably you should say, as a politician. “How do you
like the deal?” “I don’t like the deal.”
“Do you know the deal?” “Uh, uh, sort of.” He
never saw the deal. He knew nothing about it. He would love the deal,
but he can’t say it, because he’s on
the other party. But maybe Patrick would
do the same thing, right? But you know what? I would say that
you shouldn’t. This is an unbelievable
deal for the United States. And, ultimately, it’s
a great deal for both countries. And it’s going to also
lead to even a more stable peace throughout
the world. China is helping us
with North Korea. China is helping us with
a lot of the things that they can be helping us
with — which you don’t see in a deal, but they
have been very, very helpful with respect to
Kim Jong Un, who has great respect for President Xi. And it’s all a very, very
beautiful game of chess, or a game of poker, or
— I can’t use the word “checkers” because it’s
far greater than any checker game that
I’ve ever seen. But it’s a very
beautiful mosaic. But China is giving us a
lot of help, and we’re giving them a lot of help
on things that we help them with. And one of the things that
we are also talking about is fentanyl. And President Xi has
already instituted very strong penalties and
arrested large numbers of people who are sending
fentanyl into our country. That never
happened before. (applause) So China has
made substantial and enforceable commitments
regarding the protection of American ideas, trade
secrets, patents, and trademarks. This was not, according to
most — they didn’t know we covered any of this. We’ve covered
a lot of this. It’s phase one. But they’re doing many
more things in phase one than anyone
thought possible. China has also pledged
firm action to confront pirated and counterfeit
goods, which is a big problem for many of the
people in the room — the counterfeiting. We’ll make sure that this
happens, and we have very, very strong protection. In addition, the agreement
addresses forced technology transfer
policies that can require companies to give away
their know-how and trade secrets. So now, when Boeing has
some work done over in China or wants to sell
planes over in China, they don’t have to give up
every single thing that they’ve ever — you know,
that they’ve worked so hard to — to develop
and to come up with. Are you guys hearing that? You don’t have to give
up anything anymore. Just be strong. Just be strong. Don’t let it happen. But you don’t
have to do that. It was a terrible — it
was a terrible situation going on there. And a lot of it was
because our co- — our companies, I have to say
this, were very weak. You were very weak. You gave up things that
you didn’t have to give up. But now, legally, you
don’t have to give them up. Under this deal, transfers
and licensing of technology will be based
on market terms that are fully voluntary and
reflect mutual agreement. Phase one will also see
China greatly expand imports of the — to
the United States. We want to buy a
lot of their product inexpensively. But we have an additional
$200 [billion]. They are going to be what
— what is, to me, very important. Number one, they’re going
to be spending much more than $200 billion over the
next two years, including up to $50 billion just
on agriculture alone. And some of the numbers
that I wrote down — on manufacturing, they’ll
be spending $75 billion. They’ll be putting into
our country, okay? They’re going to be
putting into our country $75 billion on
manufacturing. Fifty billion dollars’
worth of energy. So that’s great for
our energy people. We’re the number one in
the world now; we weren’t. We’re now the number-one
energy group in the world. We’re bigger than Saudi
Arabia, and we’re bigger than Russia. We’re bigger
than everybody. (applause) And for those
people that are in the room that are very much
into it, of which we have a lot of the oil and gas
folks in the room: I’m approving some pipelines
in Texas momentarily, which will give you —
which would’ve taken 15 more years to get. But you’re going to
have them very quickly. I mean, we take from a
15-year period to about a 2-month period, and I’m
angry at my people for taking so long. Right? But if we do that, we’ll
be up about another 22 percent in oil
and natural gas. So we have $50 million for
— $50 billion for energy, $50 billion for
agriculture, and $40- to $50 billion on services,
including, Rob, financial services. So the banks are going
to be doing great. Credit cards — all of
the things that you do so well. You’re going to be able
to now go into China and really do a job. And they’re going to
be working with you. One of the other things
I have to say is that protection of intellectual
property — we have very strong protection of
intellectual property. A lot of people thought
this deal was just a simple deal for — the
farmers are going to get $50 billion. Remember I said, Lindsey,
they have to go out and buy larger tractors? China was doing $16
billion with the farmers. And they stopped. Why not? You know, they’re
in a negotiation. So our people agreed to
$20 [billion], and I said, “No, make it
$50 [billion]. What difference
does it make? Make it $50 [billion].”
They say, “Sir, our farmers can’t produce that
much.” I said, “I love our farmers. Let them tell me they
can’t do it.” And I said, “Tell them to go out and
buy a larger tractor. Buy a little more land.”
But they’ll be able to do it. I have no doubt they’ll
be able to do it. (applause) So, the other
thing that I think we have is the currency
devaluation standards. We have a very strong standard for currency devaluation. And, in all due respect,
China was one of the greats in history at doing
that, and we’re going to work on it together. But currency devaluation
will now have some very, very strong restrictions
and very powerful restrictions. And we have just full —
again, the word — one of the strongest things we
have: total and full enforceability. And you know what that
means: total, full enforceability
on all of this. So, the agreement tears
down major market barriers for U.S. food and agricultural
exports. China will now welcome
American beef and pork, poultry, seafood, rice,
dairy, infant formula, animal feed,
biotechnology, and much, much more. Because frankly, you know,
they were not doing things that they were
supposed to be. And that’s okay. Because now they will. The deal will also benefit
energy, manufacturing services, and all
sectors of the economy. And I will say this:
This deal — again, they thought it was a
50-billion-dollar agricultural deal. Now it’s much more than
$200 billion, of which 50 is agricultural. But the rest is in all of
the other things that we just discussed,
especially for financial. And you should
really look at it. And you have a free pass. And you don’t have to
worry about the 49 percent where you can’t own,
because you’re going to be able to own now. And you’re not going to
have to take partners that are forced upon you. It’s an incredible deal
from that standpoint, too. We’re delighted that the
Chinese consumers will now enjoy the greater access
to the best products on Earth — those made,
grown, and raised right here in the USA. So phase one, which has
been really incredible — you know, we almost had
the whole deal done, but this is better. This is a more detailed
deal for this aspect of the deal. It was such a
big deal before. And this is a much more —
much more targeted, much more powerful deal for
everything we’re doing, which is a very large
part of the deal. But we’re going to be
starting phase two, as soon as this kicks in. We’ll be starting
phase two. We’re leaving tariffs on,
which people are shocked, but it’s great. But I will agree to take
those tariffs off, if we are able to do phase two. In other words, we’re
negotiating with the tariffs. We have 25 percent on $250
billion worth of goods. And then we’re bringing
the 10 percent down to 7.5 percent on $300 billion
worth of goods plus. So — but I’m leaving them
on, because otherwise we have no cards to
negotiate with. And negotiating with
Liu is very tough. But they will all come off
as soon as we finish phase two. And that would be
something that some people on Wall Street will love,
but from what I see, they love this deal
the way it is now. But we have very
strong cards. And, frankly, China and
I are going to start negotiating with Bob and
Steve and everybody very, very shortly. So, from this nation’s
vibrant heartland to our gleaming cities, millions
of workers and farmers and innovators have waited
decades for this day. We never even had
a deal with China. In all fairness, I
don’t blame China. I blame the people that
stood here before me. I don’t blame China. I told that to
President Xi. I was in Beijing, making a
speech, saying how they’re ripping us off. And guess what? He wasn’t too happy. I looked at him. I said, “He’s not happy.”
And I said, “I better change the speech
quickly.” So I said, “I don’t blame him. I blame our Presidents.”
And I’m right. We should’ve done the same
thing to them, but we didn’t. We didn’t. We never had a
deal with them. They’d do whatever
they wanted it. With this signing, we
mark more than just an agreement; we mark a sea
change in international trade. At long last, Americans
have a government that puts them first at the
negotiating table. First in trade. First in every deal, every
decision, and every action we take with incredible
enforceability. As we move on to phase
two, I look forward to continuing to forge a
future of greater harmony, prosperity, and, really,
commerce — commerce and — far beyond commerce,
between the United States and China. This is something that —
far beyond even this deal — it’s going to lead to a
even stronger world peace. We now have — we now have
a big investment in each other and in getting
along with each other. And this deal
is phase one. We’ll probably be able to
conclude it with phase two. We don’t expect to
have a phase three. But it’s something that we
all want to get done, and it’ll be a
tremendously big deal. This is something that’s
going to be so special, however, to our
manufacturers, our farmers, our bankers,
our service people. Nobody has ever seen
anything like it. This is the biggest deal
there is anywhere in the world, by far. And that’s good. We’re doing another
big one next week. But this is the biggest
deal anybody has ever seen. And it can lead to being a
deal that’s unprecedented, because China has 1.5
billion people, and ultimately, in phase two,
we’re going to be opening up China to all
of your companies. So I hope you folks
can handle it. So now I’d like to ask
Ambassador Lighthizer and Secretary Mnuchin to
say a few words, please. Thank you. (applause) Ambassador
Lighthizer: Mr. President, Mr. Vice President, Mr.
Vice Premier: It is an honor to be here for
this momentous event. The President has long
fought for fair and balanced trade
for Americans. He has, for years,
complained about our enormous trade deficit
with China and the unfair practices which have, in
part, contributed to it. Indeed, solving the
trade crisis was a major objective of his campaign
and of his administration. The United States and
China are two great countries with two great
economies, but two very different
economic systems. It is imperative that we
develop trade and economic rules and practices that
allow us both to prosper. The alternative is not
acceptable for either of us. This phase one agreement
is the result of over two years of hard work. It is an important part of
the President’s economic plan, and it is a big step
forward in writing the rules needed and
developing the practices that we must have
going forward. This agreement will
benefit both the United States and China. I am grateful to the
President for allowing me to be part of this plan. I am grateful to Secretary
Mnuchin, my friend with whom I have worked so
closely on this and on so many other matters. Finally, I would like to
thank and acknowledge the more than 60 men and women
at USTR and other agencies who have worked so hard on
this, day and night, for so many months. I should begin with
Ambassador Jeffrey Gerrish, who’s my deputy,
who led this effort. Thank you for
your patriotism. (applause) I would also
like to single out Ambassador Gregory Doud,
who is my agriculture deputy — (applause) —
and the Assistant USTR responsible for this
enormous effort, Terry McCartin. (applause) This was a
great — this was a great team effort by my office,
as well as the Departments of Treasury, Agriculture,
Commerce, and many others. I should all also
acknowledge the hard work of the Chinese side. Vice Premier Liu He is a
leader who is diligent; patriotic; as near as I
can tell, always working; and has proven
himself honorable. To appreciate —
(applause) — we appreciate also the
efforts of Minister Zhong. Thank you to Liao Min,
his principal — the Vice Premier’s Principal
Deputy, and the rest of your team. Once again,
congratulations, President Trump. And congratulations,
President Xi. (applause) Secretary
Mnuchin: Thank you very much. Mr. President, Mr. Vice
President, under your leadership, the economic
policies of this administration
are working. Tax cuts, regulatory
relief, and now great trade deals are
making the U.S. economy stronger and
helping American business and workers and farmers. This is an incredible
accomplishment. I want to particularly
thank Ambassador Lighthizer. You’ve done an
extraordinary job leading this effort across,
literally, in enormous resources. Every single agency
contributed to this. The White House. This was a real
team effort. So thank you very much for
your extraordinary job. I’d also like to thank the
Vice Premier and his team. We could not have done
this without all of you. This was a lot
of hard work. And again, I’d like to
thank you and President Xi. A great step forward,
momentous agreement between our two countries. Thank you. (applause) President
Trump: By the way, I have to just tell you that a
woman is in the room who loves her state so much. And I didn’t introduce her
before because I wanted to say for — you
have been so great. Would you please
stand up, Shelley? West Virginia Senator. Thank you. Great. Thank you, Shelley. (applause) So I want to,
again, thank the Vice Premier for the work
we’ve done together. It’s been — it’s been
an incredible number of months. It was stop and go. And it looked like it was
pretty much going to be stop and never go. But I’d like to now invite
you, on behalf of the great nation — and it is
indeed a great nation. In fact, I’d like you to
just relax a little while. Take it easy. Go out, see a movie. Tell President Xi I said,
“President, go out. Have a round of golf. See a movie.” “No, no, no. I am too busy.” But
they are workers. This China is an
incredible, incredible nation. And I’d like to have
you say a few words. Mr. Vice Premier, please. (applause) Vice Premier
Liu: (Inaudible.) (Off-mic.) President
Trump: Yes. Yes. The Vice Premier would
like to read a letter that was just sent to me, I
found out, from President Xi. And we’ll ask the
interpreter to come up, please. Okay? Thank you very much. That’s very nice. Vice Premier Liu: (As
interpreted.) Thank you, President Trump. Now, may I read out the
message from President Xi Jinping to
President Donald J. Trump? (In English.) Sorry. (laughter) (As
interpreted.) Mr. President, as China
and the United States sign the phase one trade
agreement, I asked Vice Premier Liu He to bring
to you my warm greetings. As I said during our
phone call on the 20th of December, last year,
conclusion of the phase one trade agreement
between China and the U.S. is good for China, for the
U.S., and for the whole world. It also shows that our two
countries have the ability to act on the basis of
equality and mutual respect, and work through
dialogue and consultation to properly handle and
effectively resolve relevant issues. In the next step, the two
sides need to implement the agreement in real
earnest and optimize its positive impact so as to
make even greater progress in China-U.S. trade and economic
cooperation. To maintain healthy
and steady growth of China-U.S. relations serves the
interest of both countries and requires joint
efforts from both sides. In that spirit,
I hope the U.S. side will treat fairly
Chinese companies and their regular trade and
investment activities, and give support to the
collaboration between enterprises, research
institutes, and schools and colleges of the two
countries as it will help enhance mutual trust and
cooperation between us. China is prepared to
work with the U.S. in that direction. And I will stay in close
touch with you personally. I believe that under our
guidance, China-U.S. relations will deliver
more results and bring greater benefits to our
peoples in the year ahead. The Chinese Lunar New Year
is just a few days away. I and my wife Peng Liyuan
extend our season’s greetings to you, to
Melania, and your family. May you all enjoy
happiness and success in the New Year. President Trump:
Thank you very much. (applause) That’s
beautiful. Thank you. Vice Premier Liu: (As
interpreted.) Honorable President Donald Trump,
Honorable Vice President Mike Pence, Ambassador
Lighthizer, Secretary Mnuchin, colleagues,
friends, ladies and gentlemen: Good afternoon. Today, China and the
United States will be officially signing the
phase one trade agreement. First of all, allow me to
pay tribute to our two presidents. I also want to
thank the U.S. principals, our two
economic teams, and all those who have made their
contribution to this phase one trade agreement. As two great countries
with important responsibilities in world
affairs, China and the United States, with the
larger picture in mind, have taken a serious
approach to our differences and worked to
manage them appropriately, reaching phase one
trade agreement. It is good for China, for
the United States, and for the world. This is a mutually
beneficial and win-win agreement. It will bring about stable
economic growth, promote world peace and
prosperity, and is in the interest of the producers,
consumers, investors in both countries. At the same time, this
agreement is not directed at, nor will it affect,
the lawful rise in interest of any
third country. It is in line
with WTO rules. A cooperative economic and
trade relationship is the propeller of the
overall China-U.S. relations. Over the past two years,
the two sides encountered some difficulties in the
economic and trade field. At times, there were
setbacks in our trade talks because, on some
issues, we don’t see eye to eye. However, our two economic
teams do not give up with relentless efforts
from both sides. On the basis of equality
and mutual respect, we have reached this phase
one trade agreement. As we Chinese often say,
one should not be daunted by difficult problems
because there are always more solutions
than problems. (applause) This is an
extensive agreement. After it is signed, China
will work with the U.S. at — in the principle
of equality and mutual respect, strictly honor
the agreement, accommodate each other’s core
concerns, and ensure the good implementation of the
phase one trade agreement. It is the pressing need
and will also play an important role in the
growth of bilateral economic and trade
relations in the future. As to where we will go
from here, there is a Chinese proverb that goes,
“The beginning is the most difficult part.” There
is a similar saying in English: “A good beginning
is half the success.” They mean the same thing. It means that we need
to continue to be problem-oriented and focus
on implementing the phase one trade agreement so
as to bring about a good start in the sound
economic and trade relations going forward. As the living standards of
the Chinese people rises, we will import
fine-quality agricultural products from countries
across the world. As the two sides have
agreed based on the market demand in China, in line
with market terms, Chinese businesses will purchase
40 billion U.S. dollars of agricultural
products from the United States annually. If the demand is strong,
the companies may buy more. To make it happen, the two
governments need to foster a sound marketing
environment for businesses to expand trade
activities. Ladies and gentlemen,
friends: The Chinese economy is transitioning
from high-speed growth to high-quality development. A new philosophy is
governing our development across the board. Reform and opening-up
is picking up speed. This year we’ll build a
moderately prosperous society in all respects. China’s per capita GDP
has exceeded 10,000 U.S. dollars. A 400 million-strong
middle-income group is emerging, and a massive
domestic market is taking shape. China welcomes investors
from around the world to China, including those
from the United States. And we’ll expand imports
of fine-quality products and services from
other countries. China will continue
to enhance the legal environment, step up the
protection of property rights and intellectual
property, apply a management system of
pre-establishment national treatment, plus the
negative list, and create a level playing field. China will open
itself even wider. (applause) Ladies and
gentlemen, friends: The world is now at a critical
historical crossroads. We are faced with the
major strategic choice of how to promote major
country cooperation and international cooperation. China has developed a
political system and a model of economic
development that suits its national reality. This doesn’t mean China
and the United States cannot work together. On the contrary, our two
countries share enormous common commercial
interests, and we are faced with multiple common
challenges like terrorism, counter-narcotics,
widening income gap, an aging population, major
diseases, resources, and protecting the
environment. There is a real need
for closer cooperation. President Xi Jinping
points out that there are a thousand reasons
to make China-U.S. relations succeed and not
a single one to let it fail. We must seek common ground
while putting aside differences and find
a path toward win-win cooperation. This has important
implications for China, the United States, and
the world at large. It has been, and will
continue need to be, proved that we both stand
to gain from cooperation and lose from
confrontation. Cooperation is the
only right choice. We need to act in the
overall interest of world peace and development and
shared future of humanity, pursue equal consultation
with mutual respect, and take forward China-U.S. relations based on
coordination, cooperation, and stability, and fulfill
the great historic mission that we shoulder together. While I see many visionary
people here in the audience who have made an
important contribution to the sound development
of China-U.S. relations, please
accept my most sincere appreciation. (applause) The Lunar
Chinese New Year is coming soon. I extend season’s
greetings to you. I wish you good health
and all the success. Again, thank you very
much, President Trump, and thank you all. (applause) Now I’d like
to invite Ambassador Cui Tiankai to say
a few words. Thank you. (applause) President Trump: And just prior to signing, we’ll ask
Ambassador Cui to come up and say a few words. Thank you. (applause) Yes, please. Ambassador Cui: (As
interpreted.) Honorable President Trump, Vice
President Pence, Secretary Mnuchin, Ambassador
Lighthizer, Your Excellency, Vice Premier
Liu He, Minister Zhong Shan, and Governor
Yi Gang, ladies and gentlemen: Just now, Vice
Premier has given us the comprehensive elaboration
on China’s principled position on the China-U.S. phase one trade agreement. Given the highly complex
international environment, reaching a China-U.S. phase one trade agreement
based on equality and mutual respect is good for
China and the U.S., and good for the peace and
prosperity of the whole world. We hope both sides will
abide by and implement the agreement with earnest
to keep the China-U.S. trade relations in the
right direction of mutual benefit and win-win, and
deliver greater benefits to the people of
our two countries. China’s development is a
result of the wisdom and hard work of 1.4
billion Chinese people. And the rights of the
Chinese people to pursue a better life is what
should be there. There is great potential
for greater China-U.S. cooperation, and the
defining feature of this economic cooperation
between our two countries is mutual benefit. People of both countries
benefit from such cooperation. These facts haven’t
and will not change. The China-U.S. relationship is now
at a crucial juncture. As we have reached the
phase one trade agreement, it is now important
that we leverage the opportunity earnestly,
implement the strategic consensus reached between
our two Presidents, and keep our bilateral relations in the right direction. We need to strengthen
strategic communication and dialogue on various
levels to build trust, reduce misgivings and
misunderstandings and misjudgment, and properly
manage differences so as to build a China-U.S. relationship based on
coordination, cooperation, and stability. To conclude, I want to
take this opportunity to thank you again, friends
from all the communities in the United States
for your support to the healthy growth
of China-U.S. relations. Let’s work together
in the New Year. Thank you. (applause) President
Trump: Well, just in closing — and we’re going
to sign right now, but it just doesn’t get any
bigger than this — not only in terms of a deal,
but really in terms of what it represents. Keeping these two giant
and powerful nations together in harmony is so
important for the world — not only for us,
for the whole world. And the world is
watching today. So it’s a great
honor to be involved. It’s a great honor,
Mr. Vice Premier, to be with you. Thank you very much. Thank you very much. (applause)


  • Mark Hoffmann

    I'd like to see fireworks over Mount Rushmore after this president's head is carved into the stone for all time. Not since the founding fathers has a leader achieved so much in so little time, much less in the face of so much opposition in government. What an exhilarating time for Americans to be alive!

  • Karen Rehardt



  • Shai Kharkongor

    This president is a genius. He runs the country like running his own business, very devoted to his country and wanted to see it striving and prosper, what more can this nation ask for a commander in chief…?

  • Robert Archuleta

    President Trump, is the 1st President even surpassing R. Reagan. He set out to do and has done everything he said he would do. I'm proud to say I voted for him and will again 👍

  • Robert Archuleta

    hillary would have been a disaster as president, saw her on debates with President Trump, she's a angry little women. I pray another Trump would step up for President after Donald Trump's 8 yrs. God forbid we go back to the same rhetoric before Mr. Trump.

  • Le Quyen

    From Vietnam with LOVE. GOD BLESS YOU, Mr. President TRUMP. Praying for You and your Family and also your supporters.💚💚💚

  • Huong Pham

    Do not trust China, do not trust China for they trap you with a little money but they will take all our technology and and harm us !
    Be on guard China !
    Watch them not to trust them in anything !

  • Huong Pham

    Shut down Congress for good fir they were traitors , criminal rats and snakes !
    They do harm America , and millitary solders !

  • dominik kutera

    Tak zawiesilismy bombki i rozciahnelismy druty aby rozswietlic dom lampkami chanuka jest święto świateł już saturnalia się skończyły i cztery wigilie też więc wilgoć stal nie będzie i wigiliare też nie będzie jak pan chce to zatrudnić musi pan jakiegoś najemników i cieciować będą u pana na podwórku.

  • Tyler Walter

    Can’t wait for China to play Master Trump like a violin they said the same shit to Obama 🤣 but go off spray tan. Where was Xi?

  • dominik kutera

    Co to jest prawo pierwszej nocy to znaczy że można babę ze wejść i ,wyznać że ja chcę sobie poużywać. Pan jest trochę szkotem ale pan układał się przed anglikami A William Woles z nimi walczył A falkirk to epizod w którym się znalezliscie chcąc nie chcąc, to woles jest tym patriotą Szkocji A nie pana klan.

  • Peter Anthony Roland

    OooRaah! 🇺🇸 Veterans Stand By Our Commander in Chief ⚓
    "Peter Anthony Roland"
    🐸 #GabVietVet⚓

  • i s

    In fact, Donald is really so humble person although he is a rare leader of the most important state in the world like America. I hoped to have a leader like this wonderful person. Greetings from Amman.

  • Joyce Perez


  • Joyce Perez


  • dominik kutera

    Amerykańscy MK ultra to nie kawa tylko wasz program narkotyzowania ludzi i wykorzystywania na każdym możliwym poziomie tak to określił Jan Paweł ll że jest to niewolnictwo to wy bando zbrodniarzy tak robicie ludziom i wy chcecie nam mówić o prawach człowieka.
    Przykład ja jako osoba przez was wręczona i wykorzystywana w końcu do tego do czego chcecie doprowadzić czyli śmierci nazywa się ta zbrodnię zabujsstwp z premedytacją. MORDERCY I ZBRODNIARZE

  • Jason Hollister

    Thank's Mr. President, for this MONTIS ACTION's …..not only country & around this HABEBALE ….("PLANT")!! 🗽♥👌

  • Jason Hollister

    Thank's Mr. President, for this MONTIS ACTION's …..not only country & around this HABEBALE ….("PLANT")!! 🗽♥👌

  • Louielamson2000 Tran Nguyen

    Actually, the struggle and gaps inside American farmers today.
    Instead, American's farmers' society needs help from the U.S. agriculture to get more investors, for new structural solutions, strengthen and expanded economic growth.
    Consequently, also is the biggest challenges for the U.S. farmers in the 21th century and apparently to be defined, and expand under the Trump Agenda.

  • Thor Haakon Sandberg

    JORGE MARIO = 666.
    Jorge Mario Bergoglio: IS DRAGONS FIRST BEAST = 1776.
    Jorge Mario Bergoglio: The Beast of Satan – Rome = 1776.
    Jorge Mario Bergoglio: Blasphemous – The Pope = 1776.
    Jorge Mario Bergoglio: GIVEN GREAT AUTHORITY = 1776.
    Jorge Mario Bergoglio: Son of perdition (Abyss) = 1776.
    Jorge Mario Bergoglio: Babylon The Great (Satan) = 1776.
    THOR HAAKON = 666.
    Thor Haakon Sandberg: RED DRAGON`S MOUTH = 1776.
    Thor Haakon Sandberg: Signs beast = 1776.
    Thor Haakon Sandberg: Two horned lamb (The Beast) = 1776.
    Thor Haakon Sandberg: Two horned lamb – fire nine = 1776.
    Thor Haakon Sandberg: Red Dragons Second Beast (666) = 1776.
    Thor Haakon Sandberg: Red Dragons Little Beast = 1776.
    Thor Haakon Sandberg: Beware i am fire = 1776.
    Thor Haakon Sandberg: Beware i am fire king = 1776.
    Thor Haakon Sandberg: Beware i am king king angel = 1776.
    Thor Haakon Sandberg: Buy and sell = 1776.

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