Speaking to reporters on Air Force One, President Trump discussed ongoing trade negotiations.
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00:00Mr. President, do you have any trade deals coming this week?
00:03It could very well be.
00:05Can you tell us more about them?
00:06Nobody understands.
00:08We're negotiating with many countries.
00:11But at the end of this, I'll send my own deals, because I sent the deal.
00:15They don't send the deal. I sent the deal.
00:16They've been ripping us off for years. I sent the deal.
00:20Every country, almost without fail, friend and foe, has been ripping us off for years.
00:26So we're meeting with almost all of them, including China.
00:30And at the end, I'm setting the deal.
00:33They keep saying, when are you going to...
00:35This is not like a big deal that's going to be signed.
00:37In some cases, we'll sign.
00:38But we don't have to have said...
00:40I'm going to be setting the deal. I'll be setting a tariff.
00:43You keep asking the same question.
00:45When will you agree?
00:47It's up to me. It's not up to them. It's up to me.
00:49Now, they don't have to deal with us, which is okay, because we lost...
00:53Under Biden, we're losing $5 billion a day.
00:56Think of it.
00:57$5 billion a day.
01:00Now, we're not dealing with China at all, because the tariff's so high that they basically can't deal.
01:06And because of that, we're saving billions of dollars, you know?
01:10But just...
01:11And I'm not saying this to be a wise guy with you, to be mean.
01:14I don't want to be mean to you. You're a good professional.
01:17But you do keep asking me that same question.
01:21It's not like we're going to sit down in an ivory room and we're going to just...
01:25He's going to say...
01:26There'll be some of that.
01:27Very little.
01:28I don't see a lot of it.
01:30I don't see a lot of it.
01:31At some point in the next two weeks or three weeks, I'm going to be setting the deal.
01:36I'm going to say that such and such a country has had a tremendous trade surplus, surplus their way, with us.
01:44They've taken advantage of us in various ways.
01:47And we fully understand what they were doing.
01:50We were being led by people that were not very smart.
01:54They were able to be taken advantage of.
01:55But I can't be taken advantage of.
01:57So at a certain point, I'll be just setting a certain tariff number.