President Trump Predicts China Trade Deal Will Happen, Trade War Could Be Done In 'Next 3 Or 4 Weeks'

Forbes Breaking News

In the Oval Office, President Trump spoke about a timeline for achieving trade deals amidst his attempts to make a deal with China.

Transcript

00:00Can you give us a sense of how far along these negotiations are with China?

00:03Are they in the early stages, or are you inching closer now to actually making a deal on tariffs?

00:07I think that we will make a deal with China.

00:10I think we've had some very good talks, but we will have some very good talks remaining.

00:15And, you know, I view it, and some people say, oh, Rush, I think we have a lot of time.

00:21I think we have plenty of time.

00:23But we have very, very good—you saw Japan was here yesterday.

00:27We had Italy today. We had a great conversation with the prime minister.

00:33We've had very good talks yesterday with Mexico.

00:37Talking with everybody, you know, the problem is there's only so many hours in the day.

00:42I think we're going to make a deal with China. We're going to make a deal with everybody.

00:46And if we don't make a deal, we'll just set a target, and we'll live with that, and that'll be fine.

00:50How much time? How much time do you think that you have?

00:52I would think over the next three or four weeks, I think maybe the whole thing could be concluded.

00:58You have to understand, we're a big—if you think of us as a big, beautiful department store,

01:05before that business was destroyed by the Internet, we're a big, beautiful store,

01:09and everybody wants a piece of that store.

01:13China wants it, Japan wants it, Mexico, Canada—they live off of it, those two.

01:19Without us, they wouldn't have a country.

01:23And everybody wants a piece.

01:25And at a certain point, if we don't make a deal, we'll just set a limit.

01:31We'll set a tariff, we'll set some parameters, and we'll say, come in and shop.

01:38They may not like that, and they may find it—or the market may find it too high.

01:42You know, more likely the market, but the market may find it too high, or the country may find it too high.

01:49Then they'll come back and say, well, we think this is too high, and we'll negotiate.

01:53Or they're going to say something else.

01:55They're going to say, well, let's see what happens.

01:58But they always have a right not to do it.

02:00So they can say, well, we don't want it, so we're not going to shop there.

02:03We're not going to shop in the store of America.

02:06We have something that nobody else has, and that's the American consumer.

02:10And I had the most successful four-year period in the history of this country, and I think we're going to blow it away this time.

02:22But there is a little bit of a transition, and we're going to have that little transition, and it's not much of a transition.

02:30You know, if you look right now, we're getting 25 percent on cars, right?

02:33We're getting 25 percent on steel.

02:35We're getting 25 percent on aluminum.

02:38We're going to have some other things that we're going to be adding in the not-too-distant future because we want them to be made here.

02:44The medicines, the drugs, pharmaceuticals are going to be done, and computer chips, et cetera, et cetera.

02:54And because of that, we have the biggest computer companies in the world coming in from Taiwan and other places,

03:01and they're building in Arizona and lots of other places, we're number one in AI by far.

03:07We're leading China by a lot, by tremendous amounts.

03:11We're going to supply electricity at levels never supplied before.

03:15They're going to build their own electric.

03:16We're going to let them become a utility, essentially.

03:19And it's going to be amazing for the country.

03:21They're going to build their own electric plants.

03:23We have to double up our electricity to be – to remain number one in AI, we're going to have to double up our electricity from –

03:30take our whole country.

03:32We're going to have to double up our electricity, think of that, and probably even triple it up.

03:36And we're going to let them build their own electric plants with their plant that they're building for the AI or whatever they're doing.

03:42Never been done before.

03:43We're going to get them quick approvals.

03:45It's going to be very clean, going to be very nice, and we're going to get them very fast approvals.

03:49And people are investing in this country like they've never invested before.

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