In remarks to the Saudi-U.S. Investment Forum, President Trump touted trade deals with the U.K. and China.
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00:00Weeks. We just reached a historic trade agreement with the United Kingdom and over the weekend we reached a breakthrough agreement with China. Both outstanding deals. China's agreed we have to get it down. We have to get the little details down. Scott, you're going to work on that very hard. But China's agreed to open up to the United States for trade and everything else. But they have to do it. So we'll see what happens. But we had a very, very good meeting with both of those
00:30countries. We are cutting 10 old regulations for every new regulation. We're getting rid of all of the red tape that is so many, frankly, countries as they get older, they develop a lot of red tape and we're getting rid of it. We're getting rid of it at record levels. And I'm pleased to report that the United States Congress is on the verge of passing the largest tax cut and regulation cut in American history. We think we're in good shape to get that. And if we get
00:59that, that will be like a rocket ship for our country. In the first quarter of the year, the investment in America was up an astounding 22 percent. More than $10 trillion of new investments have been announced or are coming just since the election on November 5th. So think of that in a very short period of time. We have over $10 trillion. And it could be much higher than that. Not everybody comes to the White House to have a
01:29news conference that they're going to be a news conference that they're going to be opening up in America. But they're all coming in numbers that we've never seen before. If you take a look at
01:39other presidencies, they wouldn't do $1 trillion sometime in years. We did this in essentially two months because you have to say we got into office and they gave
01:51me about a month to clean up and fix up the Oval Office. And after that, we started working. And the money is pouring in. The jobs are pouring in. The
02:01companies are pouring into our country like we've never seen before. There's never been anything like it. And we let other people
02:09tariff us into losing a lot of money and a lot of jobs. And now we're tariffing them. And it's at a level that nobody's seen. It's a level that is making us very much different.