Trump on Tariffs, China: ‘We’re the Piggy Bank Everybody Likes to Take Advantage Of’

TRUMP: "Our economy is doing very well by every measure. We’re having probably the greatest economy that we’ve had anywhere, anytime in the history of our country. We’re having a little squabble with China because we’ve been treated very unfairly for many, many decades, or actually a long time. And it should have been handled a long time ago and it wasn’t. We’ll handle it now. I think it’s going to be — turn out extremely well. We’re in a very strong position. We’re the piggy bank that everybody likes to take advantage of or take from. We can’t let that happen anymore. We’ve been losing for many years, anywhere from $300 billion to $500 billion a year with China and trade with China. We can't let that happen. The relationship I have with President Xi is extraordinary, it's really very good, but he’s for China and I’m for the U.S.A. It’s very simple. We are, again, in a very, very strong position for a deal. It could absolutely happen. In the meantime, a lot of money is being made by the United States and a lot of strength is being shown. This has never happened to China before. Our economy is fantastic. Theirs is not so good. We’ve gone up trillions and trillions of dollars since the election. They’ve gone way down since my election. That’s the way it is, that’s the way it stands. We’re going to do very well."