Trump on Trade: ‘It’s All Going To Work Out’

RUSH TRANSCRIPT:
TRUMP: "I said to a man in China, how did it get so bad? They know the gig is up. How did it get so bad? Remember this. We picked up since I got elected, we picked up tremendous worth. We picked up anywhere from 9 to 7, to 7 to 9 trillion. We’re almost twice the size of China’s economy. Nobody knows that. Nobody knows that. Nobody knows that. So I said how did it get so bad? Well, what happened is we would put on a tax on cars. You know, China, if you sell a car into China from the united States, they charge you a 25% tax. If China sells a car in the United States, we charge them 2.5%. It’s 2.5% versus 25%. That doesn’t work too well. That’s not a big worker, right? I can see the eyes. A big success. That doesn’t work well, sir, does it? We have many, many cases like that. We have many cases like that. So we’re going to straighten it out. They all want to negotiate. They have to. Honest, they have to negotiate. It has to happen. It’s not a threat. It’s like the Iran deal. We’re so bad. We paid $150 billion to sign a horrible agreement. We gave $1.8 billion in cash to pick up four hostages. They’re the wealthiest hostages in the world. They have the highest net worth of any hostage in history. We paid nothing, nothing to North Korea and he did a very smart thing because it was goodwill. It was good. We did it before I even left. There’s a lot of good things. A lot of good things are happening, folks. It’s all going to work out. It’s going to work out because we have a big advantage. Remember, we’re the bank. They’re taking money from us hand over fist. But at some point, that has to stop. It’s got to stop. We can lower your taxes, which we did. We gave you the greatest tax cut in the history of our country. All right?"